Loading...
HomeMy WebLinkAbout5.a. Strategic Goal Update Mid-Year EXECUTIVE SUMMARY Port Authority Meeting Date: October 19, 2021 AGENDA ITEM : Strategic Goals Mid-Year Update AGENDA SECTION: New Business PREPARED BY: Eric Van Oss, Economic Development Coordinator AGENDA NO. 5.a. ATTACHMENTS: None APPROVED BY: LJM RECOMMENDED ACTION: Information Item BACKGROUND The City Council outlined strategic goals and actions for 2021 via a two-day process with consultant Hue Life, Inc. The Economic Development objects were outlined under the “Growing Rosemount” section. Staff believes it would be helpful to do a midyear recap of where the City stands on these goals and where the City is headed for the remainder of 2021. Quality Neighborhoods: Ensure there is a variety of quality housing of all styles, sizes, and price rages to attract and keep residents for generations. 1. Create a definition of Diverse housing: a. In progress 2. Pursue relationships with new housing developers : a. Staff has pursued relationships with new housing developers that have experience in single family, multi-family, senior housing, and mixed-use development. Some new developers building or considering Rosemount are; Builder Jones, Kraus Anderson, Schafer Richardson, Monarch CRE, and a luxury townhome developer. Restaurants and Commercial: Attract retail and restaurants that will provide jobs, tax revenue, while providing unique shopping and dinning experiences. 1. Commercial marketing plan completed and initiated a. Staff has pursued a marketing plan that includes direct outreach to developers and potential businesses, a robust presence at regional events and initiatives that highlight development opportunities in Rosemount. Examples include: i. Presenting at the forthcoming Land Summit and Industrial Summit ii. Outreach to developers and niche business types, such as breweries and tap houses. iii. The 42 Corridor Commercial Visioning Plan (Connect with your Future in Rosemount) 2. One new commercial site sold at Akron Avenue & County Road 42 a. Staff continues to market the Akron intersection to developers. Staff expects the official announcement of the Rosemount Rec Center will trigger the sale of sites on Akron. 3. Downtown Loan Program Defined a. The Port Authority approved the Façade Grant Program for Downtown Rosemount. Staff is planning on marketing the program in September and opening the application period on October 1st. Attract Business: Attract businesses that will provide good paying jobs and help support the tax base. 1. Approve a second spec building in the Rosemount Business Park: a. Appro completed a spec building in the winter of 2021, which is now fully leased with 3 tenants. Appro has indicated they will move forward with another ~18,000 square foot spec building in the near future. b. Project Osprey is moving through the entitlement process and is expected to begin work this fall. This project would add just under 500,000 square feet of spec space. c. APPRO development is considering a large spec development on Highway 3 and County Road 42, immediately south of the Business Park. This project would share access and infrastructure in the Rosemount Business Park, namely the extension of Boulder Avenue associated with Project Osprey. 2. Amber Field Concept Approved and Sold a. Amber Field is currently moving through the entitlement process and was sold to Maplewood Development. 3. Wastewater funding approved by the State Legislature a. Wastewater funding was approved for the design phase during the most recent legislative session. 4. Utility plan for OPUS finalized a. Discussion with MCES has established that connections into the existing sanitary sewer interceptor would be allowed in the area near Blaine Avenue and County Road 42. An RFP has been drafted for the improvement of the water main (from 6” to 16”) from Akron Avenue to just west of the interchange of County Road 42 and Highway 52. RFP will be finalized by the end of the month. Design can begin immediately upon selection of an engineer. 5. Complete Plan for utilities extension East of Highway 52 a. The section of sanitary sewer needed for the Scannell Development is the first branch required for service on the east side of Rosemount and sets the stage for future development to the east and south. Design is currently at 40% design can progress quickly to final as a majority of the coordination with MCES is nearly complete. Bidding of this could occur this fall and construction could start this year; however, timeline will hinge on the Scannell development. RECOMMENDATION None. Informational and discussion item.