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Home My WebLink About7.c. Discussion of Chanhassen Field TripCITY OF ROSEMOUNT EXECUTIVE SUMMARY FOR ACTION PORT AUTHORITY COMMISSION MEETING DATE: July 21, 1992 AGENDA ITEM: AGENDA SECTION: Chanhassen Field Trip Chairperson's Report PREPARED BY: Miller, AGENDA John Economic Development Coordinator ITEM # 7 ATTACHMENTS: APPROVED BY: None /I Yl wklo�-� Chanhassen is a municipality of about 10,000 persons located on the west side of the metropolitan area. The city has started work on two projects that Rosemount is presently considering: 1. Downtown Redevelopment 2. Creation of a Business Park Chairperson Dunn has developed land in Chanhassen and knows city staff people. The Chanhassen people have visited with delegations from other cities, e.g. Apple Valley, and presented a short "before" movie and taken a tour of the "after" development. They have indicated to Mr. Dunn that they would be glad to do, the same for Rosemount people. Two times are possible: 1. August 25 2. Saturday morning in August you pick the date Transportation can be arranged at your discretion and certainly Planning Commission and City Council people can be invited. Apple Valley, for example, sent about 20 people. RECOMMENDED ACTION: Motion to set (fill in date here) as a Port Authority work session for the purpose of touring Chanhassen's downtown redevelopment and business park. PORT AUTHORITY ACTION: rHE WOODBURY GROWTH FUND PROVIDES YOU WITH THESE ADVANTAGES Low interest - long term financing Affordable capital for long term expansion i A partner to share the financial risk Up to $200,000 available 1 Greater return on equity HOW TO APPLY kpplication forms are available from the Dommunity Development Department of the "ity of Woodbury and from Woodbury area enders. Applications are reviewed by the Board of Directors of the Woodbury _conomic Development Authority. f necessary, applicants will be referred to Noodbury's Economic Development �onsultantfor _help_in preparing the loan- application. oan application. They can also help in the areas )f business planning, financial management and marketing. For more information, please contact: crrYOF BuryWoo ROWTH IBD utIn(�)'tt w000 uflV5 womme)(07a Community Development Director ECONOMIC City of Woodbury DEVELOPMENT 8301 Valley Creek Road AUTHORITY Woodbury, MN 55125 (612) 731-5790 THE WOODBURY GROWTH FUND HOW THE GROWTH FUND WORKS ELIGIBILITY REQUIREMENTS A SOLID INVESTMENT 11 The Woodbury Growth Fund is a financing mechanism created by the Woodbury Economic Development Authority (EDA). The purpose of the fund is to provide low interest, long term financing to assist businesses interested in expanding in Woodbury. By creating more job opportunities through business development the overall quality -of - life for Woodbury citizens will be improved. The Growth Fund makes affordable capital available for business expansion. The Fund fills the gap between available and needed financial resources. Private lending institu- tions recognize that businesses need financing to survive. Quite often, lenders seek partners to share the financial risk of funding business expansions. The Woodbury Growth Fund serves the role of being a partner with the private lender as well as the business in need of financing. The end result is more job opportunities in Woodbury and a higherlevel of investment in the community. Funding for the Woodbury Growth Fund is provided by the City of Woodbury and Western Life. The Fund is administered by the Woodbury EDA and was created with the in- tention of assisting small businesses primarily by providing financial assistance for growth and expansion. Loans from the Growth Fund are provided to "For Profit Firms" with the goal of promoting economic development and job creation and expansion of the local tax base. The result is a positive impact on the entire community. Here are some general guidelines: • Loans may vary in size from $5,000 to $200,000. Private lenders must provide at least 50 percent of the financing for the proJect. • Financing derived through the Woodbury Growth Fund may be used for financing fixed assets only. Eligible project costs include land, land improvements, the purchase or remodeling of an existing building, building construction, and the acquisition of machinery and equipment. Below is an example of how the growth fund may assist a typical project. XYZ Company Source Amount fJ= Payment Bank $250,000 10% $2,413 Growth Fund ` 200,000 6% 1,433 Small Business 50,000 ------- Total Loan $450,000 ` 8.2% $3,846 Total $500,000 Savings to business annually: $6,000 Call the Community Development Director for current rates (731-5790). Many businesses are eligible for funding through the program. Firms engaged in the following types of activity are eligible: • Construction • Transportation and Warehousing • Communication • Wholesale Trade • Developer Assistance • Manufacturing Ineligible projects include: • Retail Businesses • Nonprofit Institutions • Gambling Organizations • Lending or Investment Organizations • Land Held Primarily for Sale or Investment The proceeds from the Woodbury Growth Fund may not be used for working capital or to refinance prior obligations of the small business. 0 C I T Y O F H O P K I N S COMMERCIAL REHABILITATION LOW INTEREST LOAN PROGRAM The Hopkins Housing and Redevelopment Authority (HRA) has below market interest rate funding available to encourage building renova- tion and to improve the overall appearance of commercial buildings within the downtown area. sapaA oz-ZL %9 io %£ sieeA 03-ZL %9 •paiinbaa si junowe 6uiyojUN 000`05$ o} do paainbaa si junowe buigolew 000`09$ of do z w W -anoge pagalop ){conn aoiaalui pup aoiaalxa gloq apnIoul •ueol aouaIui ue jo lied paaapisuoo eq IIinn looi o} saiedaa •6uilgbil pup saool} `scoop `sbuiliao `sIlenn;o saiudaa epnioui sluawanoidwi aouajul Cf) 2 � F- LO M) LO Q O�� WZLO cr Z M Z cy) C/) N U) (n co T Z oY T CL T- C) T r ao►aa;ullaoiaa;x3 Aluo joija;ul •saldwexe aip saiedaa Aauosew •paiinbaa pup `aouaIxa;o buiuiels pue si junowe buigolen builuied `buiuealo -buiplinq }o apis saeaA 03-ZL %£ 000`09$ of do ao aeaa `luoa-d aoua}xa uo �Jonn IIV Aluo aoiaa;x3 Waal 81% }unowd sash olgM13 ueo-1 jo adAL s3sn 3,1eiorm C N Q S C O o .� Y CCZ)a) ,Q ai = 2U co °cn-0o° •5 � i c° U �' C: 3 •� U 'R o �O �U� a) ~ O) i � > Z O c) /� •> U) C � `v /� W Y -0 C/) •Vi LLJ 0 �J W J /Q- o C C :O — -0 _ — a) U) - w- U) ° V Z G CL .�c a a Q -� 3cE U) Z Y O LCL O C C o;° 0 0) cz0 �Y Amo co co 00-1 a) a) •— Q o�•� cz a �� C: m�U F- -0 Q Q => 0 U a Lu)) C v E C o W N O Y i a (YO a > Q� O �_ U co a_ 00 O C U O CD E ~~ 076 a) CD c a) W Z 0) rno o c-4 Q a a) U) (f> U) W OC = c� m L,— E Q._CL O O C G L/ Y OU U Cl 0 W U) -0 li /+ Y 00i a) O LL I..L � Qi (D :� 0 O C) /C) 0 LL E O Y /� 1�` W sapaA oz-ZL %9 io %£ sieeA 03-ZL %9 •paiinbaa si junowe 6uiyojUN 000`05$ o} do paainbaa si junowe buigolew 000`09$ of do z w W -anoge pagalop ){conn aoiaalui pup aoiaalxa gloq apnIoul •ueol aouaIui ue jo lied paaapisuoo eq IIinn looi o} saiedaa •6uilgbil pup saool} `scoop `sbuiliao `sIlenn;o saiudaa epnioui sluawanoidwi aouajul Cf) 2 � F- LO M) LO Q O�� WZLO cr Z M Z cy) C/) N U) (n co T Z oY T CL T- C) T r ao►aa;ullaoiaa;x3 Aluo joija;ul •saldwexe aip saiedaa Aauosew •paiinbaa pup `aouaIxa;o buiuiels pue si junowe buigolen builuied `buiuealo -buiplinq }o apis saeaA 03-ZL %£ 000`09$ of do ao aeaa `luoa-d aoua}xa uo �Jonn IIV Aluo aoiaa;x3 Waal 81% }unowd sash olgM13 ueo-1 jo adAL s3sn 3,1eiorm = =0 cz ) Q Y o .� Y CCZ)a) ,Q ai = 2U LV °cn-0o° �pC c° o �' C: ns a) cQ 'R P coU) cz ,� V i Q U a) = O) i � > (Z O c) a) J ° o C cz CZ a) E m a) Y o Y LLJ a,acz Cl) oT tea)oma cYnU°�' =3 cYnE �O M 0 - w- U) ° E � E U -aO -E co c �Yca) Q M M N 0) C) UUcz)O U) U) U ) (OZ LCL O C C C O E Qc0)a)u- N Ec -0O � co c� a) a) •— > La a) a) cn F- a) � a) ° U .a? �- E F- -0 Q sapaA oz-ZL %9 io %£ sieeA 03-ZL %9 •paiinbaa si junowe 6uiyojUN 000`05$ o} do paainbaa si junowe buigolew 000`09$ of do z w W -anoge pagalop ){conn aoiaalui pup aoiaalxa gloq apnIoul •ueol aouaIui ue jo lied paaapisuoo eq IIinn looi o} saiedaa •6uilgbil pup saool} `scoop `sbuiliao `sIlenn;o saiudaa epnioui sluawanoidwi aouajul Cf) 2 � F- LO M) LO Q O�� WZLO cr Z M Z cy) C/) N U) (n co T Z oY T CL T- C) T r ao►aa;ullaoiaa;x3 Aluo joija;ul •saldwexe aip saiedaa Aauosew •paiinbaa pup `aouaIxa;o buiuiels pue si junowe buigolen builuied `buiuealo -buiplinq }o apis saeaA 03-ZL %£ 000`09$ of do ao aeaa `luoa-d aoua}xa uo �Jonn IIV Aluo aoiaa;x3 Waal 81% }unowd sash olgM13 ueo-1 jo adAL s3sn 3,1eiorm Hopkins City Hall Community Development Office 1010 First Street South Hopkins, MN 55343 Please send me more information and an application for the Commercial Signs Rehabilitation Grant Program. Thank you! NAME ADDRESS PHONE: �� I ,� I _ �� _ I PURPOSE The City of Hopkins provides funds to assist business owners in improving their commercial signs. WHO'S ELIGIBLE 1. The building must be located within the Grant boundaries shown on the enclosed map. 2. The applicant must be a business owner or tenant of a commercial/retail business. TERMS The sign must comply with all zoning and design guidelines relating to size, appearance, etc. Signs that meet the guidelines and receive ap- propriate approval can qualify for a grant covering 50% of the cost of the sign or $1,000, whichever is less. Any work completed prior to approval will not be con- sidered for grant money. PROCEDURES 1. Contact the Planning and Economic Develop- ment Department to obtain an application 935-8474. 2. Complete application and return with appropriate materials. ELIGIBLE IMPROVEMENTS This grant program is intended to encourage new signs at rear entrances, the repair and maintenance of old signs, and the upgrading of store front signage. Even small, relatively inexpensive improvements show that you care enough about your business to keep it in good repair. Eligible projects shall include the following: • New signage for rear entrances. • New signage to replace legal, non -conforming signs (i.e. grandfathered signs that violate the ex- isting zoning ordinance, but remain due to the grandfathered clause). The sign must meet City Zoning code specifications and the design guidelines. • New tenants replacing all existing signage. • Removal of signs no longer in use. • Repair and maintenance of existing signs (see in- eligible projects). • Window signs which are an integral part of the business name. The following projects are eligible for a grant. However, the Design Committee will review them carefully to determine if they are compatible with the building and neighboring signs. • Repair and maintenance of old neon signs. • Construction of new illuminated and neon signs. • Replacement of faces on old illuminated/neon signs (illuminated = backlighting or internally.) Ineligible projects include: • Semi-permanent signs, window signs, posters and/or banners and billboards. • Signage for new constructin (building) projects. • New construction of pylon or pole signs. Signs that display the symbol, slogan or trademark of brands or beverages or other products will not qualify.