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8.2. SR 05-06-2019 Request for Action To Item Number Mayor and City Council 8.2 Agenda Section Meeting Date Prepared by General Business May 6, 2019 Amanda Othoudt, EDD Item Description Reviewed by Energy Incentive Program Cal Portner, City Administrator Reviewed by Action Requested Approve, by motion, the Energy Incentive Program and Policy. Background/Discussion At their April 15, 2019, meeting the EDA recommended approval of the new Energy Incentive Program utilizing Elk River Municipal Utilities (ERMU) Payment in Lieu of Taxes (PILOT) to the city. This 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 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. If approved, the policy will be implemented immediately. Financial Impact N/A Attachments  Energy Incentive Program Policy and Application  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 Manual 13065 Orono Parkway Elk River, MN 55330 763.635.1000 ElkRiverMN.gov 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. The total amount of the incentive provided to the applicant shall not exceed $149,999. 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 provision 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. 3. Eligible Businesses Projects proposed may be eligible as further defined herein:  Data Centers, Manufacturing, Distribution, and Warehouse Facilities are only eligible to apply.  Unless otherwise stated, must be a for-profit corporation, partnership, limited liability company, or sole proprietorship.  Must be new construction, expansion or addition projects only.  Located within eligible ERMU area within the City of Elk River. Religious, political, and pornographic enterprises are not eligible. 2 | Page Data Center Projects must meet the following requirements:  Peak electric demand greater than 500kW per month  Minimum New Job Creation of 15 FTE Employees within 2 years  Wages greater than $18 per hour  Minimum Project Size: 25,000 square feet  Minimum Economic Output: $5 million through Implan software (information provided by Sherburne County)  Total Annual Property Taxes of at least $80,000 Manufacturing, Distribution and Warehouse Facilities must follow the following requirements:  Peak electric demand greater than 50kW per month  Minimum New Job Creation of 30 FT Employees within 2 years  Wage Level of greater than $18 per hour  Minimum Project Size: 25,000 square feet  Minimum Calculated Economic Output: $5 million through Implan software (information provided by Sherburne County)  Total Annual Property Taxes of at least $60,000 4. Regulation for New Construction All buildings which public funds will be used for construction shall conform to City codes and ordinances and the state building code. 5. Timing of Project Expenses No project shall commence without final City Council approval of the application. No building construction shall commence until all required permits are secured. 6. Procedural Guidelines for Application and Approval 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, and must provide a letter of commitment for constructing the project. 3. The EDA and the City are governmental entities and must provide access to public data in accordance with Minnesota Statutes, Chapter 13 - Minnesota Government Data Practices Act (MGDPA). The information provided in an application will be used to assess eligibility for financial assistance. The MGDPA governs whether the information provided 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 3 | Page to be nonpublic data under state 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 it is desirous and in the best interests of the public to provide incentives and/or funding for the project. 5. The EDA 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 EDA will evaluate the project application in terms of the following: a. Project Design - Evaluation to 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. e. Peak electric demand. f. Located within the eligible ERMU area. g. Calculated economic output through Implan software (information provided by Sherburne County). h. Total annual tax generation. 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. k. Compliance with this Economic Development Energy Incentive Program policy 6. The EDA will recommend approval, denial, or request a resubmission. A recommendation from the EDA will be forwarded for approval or denial to the City Council for final action. 7. Policy Review The above criteria will be reviewed on an annual basis to ensure the policies reflected in this document are consistent with the economic development goals set forth by the City. 4 | Page 8. Right of Refusal The EDA shall deny any application found inconsistent with the goals of the City’s Comprehensive Plan, 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. 9. Compliance with the Minnesota Business Subsidy Law All developers/businesses receiving financial assistance from the EDA and 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. Any business subsidy agreement will be drafted by the EDA. If the applicant requests any changes to the agreement, the applicant will pay the EDA’s legal costs associated with review of the requested changes and incorporation of any accepted changes by the EDA’s attorney. 10. Form of Assistance; Repayment The incentive will be provided over a period of two (2) years starting after the City issues a Certificate of Occupancy (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 CO, the business may be required to repay the amount of assistance provided as required by applicable law. 5 | Page Elk River Economic Development Energy Incentive Program Application 1. 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 and a construction timeline for the project: Please describe how this program will impact your project: 6 | Page 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 7 | Page 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 8 | Page 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) Proposed Increase in Property Taxes ______ E) Certificate of Good Standing and Applicant’s Organizational Documents (for example, articles of incorporation and bylaws) ______ F) Resume of Owner/Management ______ G) Letter of Commitment from Applicant Pledging to Complete During the Proposed Project Duration 9 | Page 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 City of Elk River to check credit references and verify financial and other information. I/We agree to provide any additional information as may be requested by the City and the EDA. APPLICANT SIGNATURE BY DATE 10 | Page Economic Development Energy Incentive Program Policy History Adopted by: On (date) Item # EDA April 15, 2019 7.1 City Council May 6, 2019 11 | Page 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 ability to make repayment on debt, cause ERMU to become non-competitive, or inhibit needed investment in personnel or infrastructure which may hurt 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 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 1 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, Adopted December 6, 1994 Revised June 6, 2008 Revised July 2, 2013 Revised October 13, 2015 Revised January 1, 2016 Page 2 of 2 2031 2031 2030 2031 2019 2029 Not Eligible (Big Lake Township) Not Eligible (Otsego) 2027 2028 The City of Elk River Economic Development Energy Incentive Program Eligibility Timeline Map Not Eligible (Dayton) $