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2.1. EDSR 02-19-2019Request for Action To Item Number Economic Development Authority 2.1 Agenda Section Meeting Date Prepared by Work Session February 19, 2019 Amanda Othoudt, EDD Item Description Reviewed by Energy Incentive Program Cal Portner, City Administrator Reviewed by Action Requested Discuss the Energy Incentive Program and Policy. Background/Discussion At their December 17, 2018, meeting the EDA heard a presentation on the new Energy Incentive Program utilizing Elk River Municipal Utilities (ERMU) Payment in Lieu of Taxes (PILOT) to the City of Elk River. The EDA consented to continuing the discussion at the January 22, 2019, meeting. This proposed city incentive would waive PILOT as a development tool for new businesses meeting very specific criteria and redirect it as a credit distributed through the applicant’s monthly ERMU electric service bill for up to two years. The amount of the incentive shall be determined by ERMU in its sole discretion in consultation with the city. To be eligible, the business must be located within the ERMU electric service territory in which the electric sales are included in the calculation for the city PILOT and the project must meet all other applicable provisions of the policy. Due to time constraints at their January meeting, the EDA continued the discussion of the program and policy to the February 19, 2019, meeting. Financial Impact N/A Attachments  Energy Incentive Program Policy and Application (redlined)  ERMU PILOT Policy  Map The Elk River Vision A welcoming community with revolutionary and spirited resourcefulness, exceptional service, and community engagement that encourages and inspires prosperity Economic Development Energy Incentive Program Policy 1 Elk River Economic Development Energy Incentive Program Guidelines, Policy & Application 1. Policy Purpose The City of Elk River Economic Development Authority (EDA) and the City of Elk River (City) maintain a goal to stimulate private sector investment for new job creation and tax base growth. The Energy Incentive Program offers a savings to qualified applicants on their Elk River Municipal Utilities (ERMU) electric bills for up to two years. 2. Compliance with the ERMU Payment in Lieu of Taxes (PILOT) and Other Donations to the City of Elk River Policy Elk River Municipal Utilities was purchased by the City in 1945 and separate governance was created in 1947. It is typical for a municipal utility to provide a PILOT regardless of the separation of governance. The PILOT is calculated based on eligible electric sales within the City. As an economic development incentive option, the City agrees to waive the applicable PILOT for an approved applicant and redirect that amount as a credit distributed through the applicant’s monthly ERMU electric service bill for up to two years. The amount of the incentive shall be determined by ERMU in its sole discretion in consultation with the City. For the applicant to be eligible for this incentive, the business must be located within an area of the ERMU electric service territory in which the electric sales are included in the calculation for the PILOT to the City. And for the applicant to be eligible, the project must meet all other applicable prevision of the ERMU PILOT policy; the City must be eligible to receive PILOT for the location to be able to waive PILOT for the project. Eligible Businesses Projects located or proposed to be located within the city limits of the City may be eligible for the program as further defined herein:  Unless otherwise stated, business must be a for-profit corporation, partnership, limited liability company, or sole proprietorship.  Business mMust be a small business as defined by the Small Business Administration.  Must be Only nnew construction, expansion or addition projects only projects qualify.  Peak electric demand greater than 50kW per month.  Located within eligible ERMU area within the City of Elk River.  . Comment \[OA1\]: EDA Should Discuss New  Must The createion of at least 50 new jobs at . Jobs and Wages 2 Comment \[OA2\]: EDA Should Discuss  Shall have a Calculated Economic Output of $10 million through Implan Economic Output software (information provided by Sherburne County).  Completed project Project mmust generate a least $80,000 in total annual Comment \[OA3\]: EDA Should discuss amount property taxes. of total annual property taxes  Religious, political, and pornographic enterprises are not eligible. 3. Regulation for New Construction All buildings which public funds will be used for construction are toshall conform to Ccity codes and ordinances and the state building codes. 4. Timing of Project Expenses No project shall commence without Ccity cCouncil approval of the application. Any costs incurred prior to the approval of the application are not eligible expenditures. No building construction should shall commence until the all required permits are secured. The applicant will shall be responsible for all legal, recording, and other fees payable by a $2,000 processing fee, which is paid at the time of application. In addition to the Comment \[OA4\]: Does the EDA Commission processing fee, all legal and filing fees shall be paid by the applicant. want to eliminate the application fee? Instead have EDA Attorneys provide staff with blanket 5. Procedural Guidelines for Application and Approval documents? 1. The applicant shall obtain information about the Energy Incentive Program and application from the City. 2. The applicant shall complete and submit an application along with a $2,000 processing fee. The fee covers processing expenses. Any remaining funds will be Comment \[OA5\]: Does the Commission want to returned to the applicant. The applicant must provide a letter of commitment for eliminate the application fee? constructing the project. 3. The EDA and the City are a governmental entities and must provide access to public data received in accordance with the Minnesota Government Data Practices Act, (Minnesota Statutes, Chapter 13 - ) (the “Minnesota Government Data Practices Act (MGDPA”). 3. The information provided in an application to the EDA and the City will be used to assess eligibility for financial assistance. The EDA and the City will not be able to process an application without this information. The Minnesota Government Data Practices ActMGDPA governs whether the information that you are provideding to the EDA is public or private. If financial assistance is provided for the project, the information submitted in connection with your application will become public, except for those items protected under Minnesota Statutes, Section 13.59, Subdivision 3(b) or Section 13.591, Subdivision 2. Data deemed by the applicant to be nonpublic data under state 3 Formatted: List Paragraph, No bullets or numbering, Allow hanging punctuation, Adjust space between Latin and Asian text, Adjust space between Asian text and numbers, Font Alignment: Auto Formatted: Indent: Left: 0.75", No bullets or numbering law should be so designated or marked by the applicant. See Minn. Stat. Sections 13.59, Subd. 1, respectively. 4. The application will be reviewed to determine conformity to all City policies and ordinances and to consider the following: a. The availability and applicability of other governmental grants and/or microloan programs. b. Whether the proposed project will result in conformance with building Comment \[OA6\]: Is this necessary? and zoning codes. c. Whether it is desirous and in the best interests of the public to provide incentives and/or funding for the project. 5. The Joint Finance Committee of the EDA and EDA Commissioners will review each application for compliance with the City’s Comprehensive Plan, Economic Development Strategic Plan and the goals, requirements and intent of this policy. The Joint Finance Committee EDA Finance Committee will also evaluate the project application in terms of the following: a. Project Design - Evaluation of project design willto include review of proposed activities, time lines and a capacity to implement the project. b. Letter of Commitment from applicant pledging to complete the project during proposed project duration, if the application is approved. c. Project compliance with all City codes, ordinances and policies. d. Quality job and wage creation requirements of at least fifty (50) new jobs Comment \[OA7\]: Jobs/Wages at a minimum hourly wage of $18.00. e. Peak electric demand greater than 50kW per month. f. Located within the eligible ERMU area. Comment \[OA8\]: Economic Output Discussion g. Calculated economic output of $10 million through Implan software (information provided by Sherburne County). Comment \[OA9\]: Property Tax Discussion h. Project generates a minimum of $80,000 in total annual property taxes. i. The project contributes to the fulfillment of the City’s approved and adopted economic development and/or redevelopment plans. j. All other information as required in the application and/or additional information as may be requested by the economic development staff, in its sole discretion. 6. The EDA Finance Committee will recommend the approval, denial, or request a resubmission. A recommendation from the Finance Committee will be forwarded to the EDA for recommendation of approval, denial to the City Council for final action. 6. Policy Review 4 Formatted: Line spacing: 1.5 lines The above criteria will be reviewed on an annual basis to ensure that the policies reflected in this document are consistent with the economic development goals set forth by the City. 7. Right of Refusal The EDA shall deny any application found inconsistent with the goals of the Ccity’s Comprehensive Plan, and Economic Development Strategic Plan and the intent, requirement and goals of this policy. The City Council shall have final authority to review the application and will make the final determination as to whether the assistance shall be granted. The EDA and the City reserve the right to approve or reject projects on a case-by-case basis, taking into consideration established policies. Meeting policy criteria does not guarantee the award of assistance to the project. Approval or denial of one project is not intended to set precedent for approval or denial of another project. 8. Compliance with the Minnesota Business Subsidy Law All developers/businesses receiving financial assistance from the City shall be subject to the provisions and requirements set forth by the City’s Business Subsidy Policy as amended and Minnesota Statutes, Sections 116J.993 to 116J.995 (the “Minnesota Business Subsidy Law”) if applicable, including entering into a business subsidy agreement if necessary. 9. Compliance with the ERMU Payment in Lieu of Taxes (PILOT) and Other Donations to the City of Elk River Policy Elk River Municipal Utilities was purchased by the City in 1945 and separate governance was created in 1947. It is typical for a municipal utility to provide a PILOT regardless of the separation of governance. The PILOT is calculated based on eligible electric sales within the City. As an economic development incentive option, the City agrees to waive the applicable PILOT for an approved applicant and redirect that amount as a credit distributed through the applicant’s monthly ERMU electric service bill for up to two years. The amount of the incentive shall be determined by ERMU in its sole discretion in consultation with the City. For the applicant to be eligible for this incentive, the business must be located within an area of the ERMU electric service territory in which the electric sales are included in the calculation for the PILOT to the City. And for the applicant to be eligible, the project must meet all other applicable prevision of the ERMU PILOT policy; the City must be eligible to receive PILOT for the location to be able to waive PILOT for the project. 5 Formatted: Indent: Left: -0.5", Space After: 6 pt, Line spacing: single Formatted: Level 1, Indent: Left: -0.5", Hanging: 0.5", Space After: 6 pt, Keep with next Formatted: Indent: Left: 0" 109. Form of Assistance; Repayment The incentive will be provided over a period of two (2) years starting after the City issues a cCertificate of oOccupancy (CO) for the project. If the business owner fails to create the number of jobs as set forth in its application within two (2) years of the issuance of a certificate of occupancyCO, the business may be required to repay the amount of assistance provided if required by applicable law. 101. Agreement to Pay Costs of Review City and EDA policy requires applicants to pay all costs incurred by the Ccity to review and act upon applications so that these costs are not borne by the taxpayers. These cCosts include all of the city’s out-of-pocket costs for expenses, including the City’s and the EDA’s costs for review of the application by the City/’s and EDA’s financial advisor, attorney, other consultants, recording fees, and necessary publication costs. The application processing fees cover anticipated costs; costs incurred above the application fee will be invoiced as they are incurred and payment will be due within thirty (30) days. Any unused portion of the application fee will be returned to the applicant. If payment is not received as required by this agreement, the cCity may suspend the application review process and may deny the application for failure to comply with the requirements for processing the application. Payment for costs will Comment \[OA10\]: Is this needed if we eliminate be required whether the application is granted or denied. the application fee? EDA to discuss 6 Elk River Economic Development Energy Incentive Program Application 11. Contact Information Legal Name of Business: Project Site Address: City / State / Zip Contact Person(s) Business Phone Fax Home Phone Email Check One: Proprietor Corporation Partnership Federal ID # State ID # 2. Nature of Request Please give a brief summary of your business and its products or service: Please give a brief summary of the project: Please describe how this program will impact your project: 7 3. Proposed Peak Electric Demand and Energy Usage 4. Job & Wage Goals Jobs to be Created* Please provide the following information on jobs you expect to create within 2-years. Average Are the Jobs Expected Number Hourly Annual Permanent or Hiring Job Title of Jobs Wage Salary Temporary? Date 8 5. Project Contacts Attorney Name Address Phone Accountant Name Address Phone Financing Sources (lenders, partners, etc…) Name Address Phone Name Address Phone Parent Company Name Address Phone Others Name Address Phone Name ______ Address Phone 9 6. Attachment Checklist Please attach the following: ______ A) Application ______ B) Projected Electric Usage as calculated by ERMU ______ C) Economic Impact Analysis (from Sherburne County) ______ D) Certificate of Good Standing and Applicant’s Organizational Documents (for example, articles of incorporation and bylaws) ______ E) Resume of Owner/Management ______ F) Letter of Commitment from Applicant Pledging to Complete During the Proposed Project Duration Comment \[OA11\]: Eliminate Application Fee ______ G) Processing Fee of $2,000 10 7. AGREEMENT I/We certify that all information provided in this application is true and correct to the best of my/our knowledge. I/We authorize the Ccity of Elk River and the EDA Joint Finance Committee to check credit references and verify financial and other information. I/We agree to provide any additional information as may be requested by the cCity and the EDA Joint Finance Committee. The undersigned has received the cCity’s policy regarding the payment of costs of review, understands that reimbursement to the cCity of costs incurred in reviewing the application will be required, agrees to reimburse the cCity as required in the policy and make payment when billed by the cCity, and agrees that the application may be denied for failure to Comment \[OA12\]: Not needed if we eliminate reimburse the cCity for costs as provided in the policy. application fee APPLICANT SIGNATURE BY DATE 11 APPLICATION SCORING WORKSHEET TO BE COMPLETED BY CITY STAFF 1. The project meets the criteria set forth in the Energy Incentive policy. a) Meets the objectives of the program c) Consistent with all city plans and ordinances. d) Meets the wage requirements as defined in the city’s business subsidy policy. 2. Job Creation in the City of Elk River: Points: _____ Number of new jobs as a result of the project. 50+ 5 Total Less than 50 0 3. Wage Level of jobs created/retained or relocated Points: _____ Minimum hourly wage Over $21/ hour 5 of jobs created/retained: $19-20 / hour 4 $18 / hour 3 4. Project size: Points: _____ The project will result in the construction 50,000+ 5 of square feet 40,000+ 4 30,000+ 3 5. Tax Base Generation: Points: _____ The project will result in the annual estimated Tax Base Generation $100,000+ 5 of $90,000+ 4 Comment \[OA13\]: EDA to Review more closely $80,000+ 3 Sub - Total Points: _____________of a possible 20 points. 12 6. Bonus Points Point Adjustments: The project contributes to the goals of Energy City. 3 points  Product promotes sensible use of energy, OR  Project utilizes significant energy efficient design &/or materials in construction. Total Points: Overall project desirability: High 20-23 points Moderate 18-19 points Low 12-17 points Not Eligible 0-11 points 13 Economic Development Energy Incentive Program Policy History Adopted by: On (date) Item # EDA January 22, 2019 7.7 14 Page 1 of 2 A.17 – Payment in Lieu of Taxes (PILOT) and Other Donations to the City of Elk River 1.0 Purpose and Summary The success of ERMU is linked with the success of our community. And the success of our community is linked with the operation of our city government and ERMU. ERMU was purchased by the City of Elk River in 1945 and separate governance was created per State Statute in 1947. Although governed separately, ERMU is still an important component of our local government and our city services. It is typical for a municipal utility to provide a Payment in Lieu of Taxes (PILOT) and other donations to their city, regardless of a separation of governance. Although typical, this contribution should never inhibit ERMU’s ability to make repayment on debt, cause ERMU to become non-competitive, or inhibit needed investment in personnel or infrastructure which may hurt ERMU’s ability to meet the needs of their customers. For these reasons the PILOT and other donations should be reviewed at least once every five (5) years by the ERMU Commission. 2.0 Payment in Lieu of Taxes (PILOT) The PILOT transfer from Elk River Municipal Utilities to the City of Elk River shall be four percent (4%) of the revenues generated by ERMU’s electric customers within the corporate boundaries of the City of Elk River which are not subject to a loss of revenue payment resulting from the March 20, 2015, electric service territory transfer agreement with Connexus Energy. 3.0 Donated Electricity Elk River Municipal Utilities shall donate all electricity to the City of Elk River for street lights and signal lights. 4.0 Donated Water Elk River Municipal Utilities shall donate water for use by the Elk River Fire Department (ERFD) for the purpose of extinguishing fires within the City of Elk River and other cities under contract with the ERFD. Page 2 of 2 For the purpose of creating ice rinks for public/ non-enterprise use, ERMU shall donate water for use by the Elk River Parks Department. Elk River Municipal Utilities shall donate water for the use by the Elk River Streets Department for the use of street sweeping. 5.0 Donated Labor Because of specialized skills and equipment, ERMU may be able to provide a better value to our community by donating labor to the City of Elk River. For example, ERMU has trained employees and the equipment to hang banners where the City does not. In this example, ERMU is able to provide this donated service to the City for less cost than a third party, creating greater value to our community. For such situations, ERMU shall donate labor to the City of Elk River, as appropriate, where a greater value is created for our community and where ERMU is not subjected to undue burden. In addition to hanging banners, other examples include: maintenance of street lighting, relamping signal lights, locating underground fiber optics and/or other facilities, administration costs associated with the billing of city franchise fees, installation of temporary lighting, relamping of city ball field lighting, installation and/or maintenance of city warning sirens, meter reading for wastewater, assistance with tree trimming, etc… Adopted December 6, 1994 Revised June 6, 2008 Revised July 2, 2013 Revised October 13, 2015 Revised January 1, 2016 $ 2031 2031 2031 The City of Elk River Economic DevelopmentEnergy Incentive ProgramEligibility Timeline Map 2030 2029 2028 2027 2019 Not Eligible(Day ton) Not Eligible(O tsego) Not Eligible(Big Lake Township)