HomeMy WebLinkAbout9.a. Business Incubator WorkshopIt
CITY OF ROSEMOUNT
EXECUTIVE SUMMARY FOR ACTION
PORT AUTHORITY COMMISSION MEETING DATE: AUGUST 18, 1992
AGENDA ITEM:
AGENDA SECTION:
BUSINESS INCUBATOR WORKSHOP
CHAIRPERSON'S REPORT
PREPARED BY:n
AGENDA NO.
JOHN MILLER,�CONOMIC DEVELOPMENT COORDINATOR
9. A.
ATTACHMENTS:
APP VED BY:
ECONOMIC DEVEL. ASSOC. OF MINN. REGISTRATIONVIA
One of the options the Port Authority has in aiding local business start-
ups is the creation of a "business incubator."
The Economic Development Association of Minnesota is sponsoring a workshop
on business incubators on Tuesday, August 25. The workshop includes a tour
of the Mankato Manufacturing Incubator.
If you're interested in attending, please call Debbie Widstrom at
322-2004. We can arrange transportation.
RECOMMENDED ACTION:
None. Informational item only.
PORT AUTHORITY ACTION:
EDAM Workshop on
Manufacturing and Small Business Incubators
The Purpose of this workshop is to pool the resources that exist throughout the State of Minnesota on the topic of
manufacturing and small business incubators.
Sponsor: Economic Development Association of Minnesota (EDAM).
Co-sponsors: City of Mankato, Valley industrial Development Corporation (VIDC), Small Business Development Center of
Mankato State University (SBDC), Service Corp of Retired Executives (SCORE), Small Business
Management Program of Mankato Technical College (SBM), Region 9 Development Commission.
Date: August 25, 1992
7:30 - 8:15 Registration and Continental Breakfast
Terrace View Golf Course
High 22 South
Mankato, MN 56001
507-625-7665
8:30-9:45 Tour of Mankato Manufacturing Incubator (MMI) and Kato Land
10:00 -12:00 Panel Discussion:
Jeffrey Schlingmann, City of Owatonna
Brenda St. Germaine, Franklin Business Center
Miki E. Dzugan, St. Thomas Enterprise Center
12:00-1:00 Strategy Work Session on incubator funding, creation and implementation and critique of MMI
1:00 - 2:00 Lunch
2:30 Golf (optional). Please inform us if you would like to golf. The cost for golf is $5.50 for nine holes; cart
rental is an additional $7.00. Golf fees may be paid the day of the workshop.
--------------------------------------------
Registration
Name
Address
Phone.
Check one 0 I will be golfing 0 1 will not be golfing
ATTENTION: Registration is due by August 3 and is limited to 80 people, so don't delay! Please include registration fee of $35.00 for
EDAM members or $40.00 for nonmembers. Make check payable to EDAM and mail to:
EDAM
One Appletree Square, Suite 201
Bloomington, MN 55425.
ItOSl;MOUNI' NATIONAL GUARD 1ItN,jolty IIII) 'I'ABULATIUIV
i1u;�ist 1:3, 1992
CONTRACTOR ILII) BOND TOTAL BID ADDEMUM RECEIVED
12 3 Q 5 G
OU
I'CL 2
ADOLFSON & PETERSON
L4
OU
I l �_ LI t
ab
I � -7 3q--
1 �
\�
KNUTSON
SHEEHY
X
X
STAHL
-
wi*rCI IER
SIIAW-LUNDQUIS`I'
t`40I2'I'LNSON
I'ENN-CO
KRAUS-ANDERSON
BOR -SON
3 .
I O Sq L(D 5g
_
—
—
DON LAR
co
12,, 13. 17,, 18
W1
ARMORY/COMMUNITY CENTER PROJECT --..._,.-_..—
PROJECT PCL ADOLF 8 ESTIMATE
DESCRIPTION PETERSON
A) ARMORY
1000125 962491 886750
C)Community1639000
CENTER--.
....__-.--....-..._...-l"..... .... .----- ._
C)ARENA(NOTE1)
2392000
(NOTE2)2127000
tN0TE3) .._____
.. 19470.00
D) PARK 8 REC 160000
GYM UP6RADE.. _...----_ _ _
CITY SHARE 2n' d L0�1' BID- .._... ... ...... __ ..... __.__.__ _._ - - 63500 ---- --- —
TOTAL
NOTES
1431
44
r
A. B, D2862625 309.9616
A 1063625 962491
A. D 1223625 1243541
1) Th;i.s 11ioure includes complete arena package
2) Thisgu,re incltide s complete arena package with 4asic ice` pac�ta e
5�is jiiyure inCLudes only tia`s c mrenA with ic.e but. no o eac' er;s
steam roams., elevator., scoreooard, team showerrooms or res'trooms o
`
ARMORY COMMUNITY [ENTER PROJECT
.
ADDITIONAL COSTS/REVENUES
' ----- -
'
. ARCHITECTURAL
,
^ '
LEGAL ----
TESTING
DEBT SERVICE ^ ^
^
100000
STDRMUATER
net
WATER
30000
SEWER
� - -HIGHWAY
net
! FURNISHINGS
�000O
/
50000
�
--- -
/ i
|
TOTAL
239000 ^
. _-----___---
/
| MSA8C CREDITS
1)
100000
�
2)
70000 5000 mnnowt de4t'
-paymcnt
�
3)
45000
Levi: excess
180000 ' ---
'|
!
TOTAL
315000
�
net
.
- - __--_-__---'-_--
avaiiabic
85000
)EBT SERVICE ANALYSIS
SID PACKAGES
1,B,C-1,D
„B,C-2,D
i,B,C-3,D
"B,D
,,D
-1
-3
INANCING OPTIONS
PCL
ANNUAL PAYMENT
5169625
418868.1
4904625
397396.6
4724625
382812.1
2777625
225056.7
978625
79292.95
1138625
92256.93
2392006
193811.5
2127000
172339.9
1947000
157755.4
EVY-AVAILABLE 95000 SPECIAL LEVY
25000 REGULAR LEVY
._.:..._.:_...TOTAL' ..... •• 120000
LESS 79292.95
VAILABLE FOR
THER UNITS 40707.05
ADOLF S PETERSON
5786433
4860283
3014616
.. 874491•--..._ ....
1158541
2771817
2 3 4 7117 --......_..., .........
2126717
COMMUNITY CENTER - ......
ANNUAL
468844.
436621.
393803.
244258.
70855.5.
93870.6,
2 24 586.
190174.:
172y 16.
COSTS
1639000
DEBT PAYMENT
132799.7
AUTHORIZED DEIST
1065000 -
AUTHORIZE PMT
86291.48
NEEDED--._..._-----
46508:-2-7--- _......
EXCESS ARMORY
NET
LEVY AVAIL.
40707.05 NEEDED 5801.221
ANNUALLY
1565 Cliff Road, Suite 3272
Eagan, Minnesota 55122
(612) 454-6286
Fax 452-4738
REAL ESTATE VALUATION & CONSULTATION
INVOICE -- TAX ID # 41-1699196
August 4, 1992
PORT AUTHORITY OF ROSEMOUNT
City of Rosemount
2875 145th Street West
Rosemount, Minnesota 55068
ATTN: Stephan Jilk
RE: File
Reference
#92-056 --
14810 South Robert Trail
File
Reference
#92-057 --
13955/65 South Robert Trail
File
Reference
#92-058 --
13975 South Robert Trail
File
Reference
#92-059 --
13985 South Robert Trail
PROPERTY INSPECTIONS AND APPRAISAL REPORTS.............$4,000.00
TERMS:
1. 30 Days Net
2. 1.5% per Month
Over 30 Days
(18% per annum) Will Be Charged On Accounts
WRITERS DIRECT DIAL NUMBER.
(612) 223-6625
LAW OFFICES
BRIGGS AND M013GAN
PROFESSIONAL ASSOCIATION
2200 FIRST NATIONAL BANK BUILDING
SAINT PAUL,, MINNESOTA 55101
TELEPHONE (612) 223-6600
FACSIMILE (612) 223-0450
August 12, 1992
Mr. Stephan Jilk
City Administrator
Mr. John Miller
Economic Development Director
City of Rosemount
2875 145th Street West
Rosemount, MN 55068
MINNEAPOLIS OFFICE
2400 IDS CENTER
MINNEAPOLIS. MINNESOTA 88402
TELEPHONE (612) 334-8400
FACSIMILE (612) 334-8680
Re: City of Rosemount - Public Hearing on Tax Increment Amendments
Dear Steve and John:
Enclosed are five copies of the resolution calling for a public hearing on
Tuesday, September 15.
Please note that the third "resolved" clause of this resolution transfers
control of the Redevelopment Project Area, Development District and Tax
Increment Financing District to the Port Authority. I included this language
because the resolution creating the Port Authority only transferred control of the
Development District to the Port Authority.
The notice of public hearing, which is attached to the resolution as Exhibit
A, must be published at least 10 days prior to the public hearing. Since the local
paper is published on Friday, the notice should be published in the September 4
publication. A map indicating the location of the Redevelopment Project Area,
the Development District and the Tax Increment Financing District must be
included with the notice in the publication. Unless I hear from you to the
contrary, I will assume that you will take care of publishing the notice and the
map.
I will copy you on the letters that I will send out on Friday to the school
districts and the county.
BRIGGS AND MORGAN
Mr. Stephan Jilk
Mr. John Miller
August 12, 1992
Page Two
I will also send you, in advance of the September 15 public hearing,
resolutions for consideration by the Port Authority and the City Council
approving the amendments.
If you have any questions, please give me a call.
MMD:mw
Enc.
EXTRACT OF MINUTES OF A MEETING OF THE
CITY COUNCIL OF THE CITY OF
ROSEMOUNT, MINNESOTA
HELD: August 11, 1992
Pursuant to due call and notice thereof, a regular meeting
of the City Council of the City of Rosemount, Dakota County,
Minnesota, was duly called and held at the City Hall on Tuesday,
the 11th day of August, 1992 at p.m. for the purpose of
calling a public hearing on the modification of the Rosemount
Redevelopment Plan and the Development Program for Development
District No. 1 and the amendment of the Tax Increment Financing
Plan for Tax Increment Financing (Economic Development) District
No. 1-1.
The following Councilmembers were present:
and the following were absent:
Councilmember introduced the
following resolution and moved its adoption:
RESOLUTION CALLING FOR A PUBLIC HEARING ON A PROPOSED
MODIFICATION OF THE ROSEMOUNT REDEVELOPMENT PLAN AND THE
DEVELOPMENT PROGRAM FOR DEVELOPMENT DISTRICT NO. 1
AND A PROPOSED AMENDMENT TO THE TAX INCREMENT
FINANCING PLAN FOR TAX INCREMENT FINANCING (ECONOMIC
DEVELOPMENT) DISTRICT NO. 1-1
WHEREAS, on May 1, 1979, the Housing and Redevelopment
Authority in and for the City of Rosemount (the "HRA") adopted a
Redevelopment Plan dated May 1, 1979 (the "Redevelopment Plan"),
pursuant to which the HRA determined to use tax increments to
finance certain redevelopment costs of a redevelopment project
located within an area of the City generally described as the
area bounded by 145th Street West on the north, Biscayne Avenue
on the east, CSAH42 on the south, and Cambrian, Camero and
Camfield on the west '(the "Redevelopment Project Area");
WHEREAS, on or about March 1990, the Economic Development
Authority of the City of Rosemount, Minnesota (the "EDA")
established Development District No. l (the "Development
District") and Tax Increment Financing (Economic Development)
223358
District No. 1-1 (the "Tax Increment District") and adopted a
Development Program and Tax Increment Financing Plan therefor;
WHEREAS, the City Council by resolution adopted on
September 3, 1991, established the Rosemount Port Authority (the
"Port Authority") and, among other things, made the Port
Authority the administrator of Development District No. 1;
WHEREAS, the Port Authority has determined that it is
necessary, desirable, and expedient to modify the Redevelopment
Plan and Development Program and to amend the Tax Increment
Financing Plan for the Tax Increment Financing District to
authorize the use of tax increments derived from the
Redevelopment Project Area and the Tax Increment District to
finance certain eligible costs associated with a proposed
municipal ice arena to be constructed within the Development
District and the Redevelopment Project Area, as modified;
NOW, THEREFORE, BE IT RESOLVED by the City Council (the
"Council") of the City of Rosemount, Minnesota (the "City"), as
follows:
1. Public Hearing. This Council shall meet on Tuesday,
September 15, 1992, at approximately 8:00 p.m., to hold a public
hearing on the proposed modification of the Redevelopment Plan
and Development Program and the amendment of the Tax Increment
Financing Plan.
2. Notice of Hearing; Filing of Program and Plan. The City
Clerk is hereby authorized to cause a notice of the hearing,
substantially in the form attached hereto as Exhibit A, to be
published in the legal newspaper of the City, and to place a copy
of the modification to the Redevelopment Plan and Development
Program and amendment to the Tax Increment Financing Plan on file
in the Clerk's Office at City Hall and to make such copies
available for inspection by the public.
3. Transfer. The City hereby transfers all control,
authority and operation of the Redevelopment Project Area,
Development District and Tax Increment District to the Port
Authority. "
The motion for the adoption of the foregoing resolution was
duly seconded by Councilmember and upon
vote being taken thereon, the following voted in favor
and the following voted against the same:
Whereupon said resolution was declared duly passed and
adopted by the City Council of the City of Rosemount, Minnesota.
223358
2
STATE OF MINNESOTA )
SS.
COUNTY OF DAKOTA )
I, the undersigned, being the duly qualified and acting City
Clerk of the City of Rosemount, Minnesota, DO HEREBY CERTIFY that
the attached resolution is a true and correct copy of an extract
of minutes of a meeting of the City Council of the City of
Rosemount, Minnesota, duly called and held on August 11, 1992, as
such minutes relate to the calling of a public hearing on the
proposed modification of a Redevelopment Plan and Development
Program and the amendment of a tax increment financing plan.
City Clerk
223358
3
CITY OF ROSEMOUNT
COUNTY OF DAKOTA
NOTICE OF PUBLIC HEARING
NOTICE IS HEREBY GIVEN that the City Council (the "Council")
of the City of Rosemount, Dakota County, Minnesota, will hold a
public hearing on Tuesday, September 15, 1992, at 8:00 p.m., at
the Rosemount City Hall, to consider the modification of the
Rosemount Redevelopment Plan dated May 1, 1979, and the
Development Program for Development District No. 1, and the
amendment of the Tax Increment Financing Plan for Tax Increment
Financing (Economic Development) District No. 1-1, both adopted
in March of 1990.
A map indicating the location of the Redevelopment Project
Area, as proposed to be modified, the Development District and
Tax Increment Financing District No. 1-1 is set forth below.
A copy of the proposed modifications and amendments will be
on file and available for public inspection at the office of the
City Clerk.
All interested persons may appear at the hearing and present
their views orally or in writing.
Dated: August 11, 1992.
223358
BY ORDER OF THE CITY COUNCIL
Isl Susan M. Walsh
City Clerk
EDAM Workshop on
Manufacturing and Small Business Incubators
The Purpose of this workshop is to pool the resources that exist throughout the State of Minnesota on the topic of
manufacturing and small business incubators.
Sponsor: Economic Development Association of Minnesota (EDAM).
Co-sponsors: City of Mankato, Valley Industrial Development Corporation (VIDC), Small Business Development Center of
Mankato State University (SBDC), Service Corp of Retired Executives (SCORE), Small Business
Management Program of Mankato Technical College (SBM), Region 9 Development Commission.
Date: August 25, 1992
7:30 - 8:15 Registration and Continental Breakfast
Terrace View Golf Course
High 22 South
Mankato, MN 56001
507-625-7665
8:30-9:45 Tour of Mankato Manufacturing Incubator (MMI) and Kato Land
10:00 - 12:00 Panel Discussion:
Jeffrey Schlingmann, City of Owatonna
Brenda St. Germaine, Franklin Business Center
Miki E. Dzugan, St. Thomas Enterprise Center
12:00 - 1:00 Strategy Work Session on incubator funding, creation and implementation and critique of MMI
1:00 - 2:00 Lunch
2:30 Golf (optional). Please inform us if you would like to golf. The cost for golf is $5.50 for nine holes; cart
rental is an additional $7.00. Golf fees may be paid the day of the workshop.
Registration
Name
Address
Phone
Check one - I will be golfing -i I will not be golfing
ATTENTION: Registration is due by August 3 and is limited to 80 people, so don't delay! Please include registration fee of $35.00 for
EDAM members or $40.00 for nonmembers. Make check payable to EDAM and mail to:
EDAM
One Appletree Square, Suite 201
Bloomington, MN 55425.