HomeMy WebLinkAbout20240220 Packet
AGENDA
Port Authority Regular Meeting
Tuesday, February 20, 2024
6:00 PM
Council Chambers, City Hall
1. CALL TO ORDER/PLEDGE OF ALLEGIANCE
2. ADDITIONS OR CORRECTIONS TO AGENDA
3. CONSENT AGENDA
a. Minutes of the January 16, 2024 Regular Meeting
4. CHAIRPERSON’S REPORT
5. REPORTS FROM PORT AUTHORITY COMMISSIONERS
6. NEW BUSINESS
a. Hotel Market Dynamics
b. Minnesota MedTech Hub
7. OLD BUSINESS
a. Project Updates
8. DISCUSSION
9. ADJOURNMENT
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ROSEMOUNT PORT AUTHORITY
REGULAR MEETING PROCEEDINGS
JANUARY 16, 2024
CALL TO ORDER/PLEDGE OF ALLEGIANCE
Pursuant to due call and notice thereof, a regular meeting of the Rosemount Port Authority
was held on Tuesday, January 16, 2024, at 6:00 PM. in Rosemount Council Chambers, 2875
145th Street West.
Chairperson Essler called the meeting to order with Commissioners Weisensel, Ober, Freske,
Beaudette and Theisen. Commissioner Klimpel was absent.
ADDITIONS OR CORRECTIONS TO AGENDA
Motion by Essler Second by Ober
Motion to approve the agenda
Ayes: 6.
Nays: None. Motion Carried .
CONSENT AGENDA
Motion by Theisen Second by Freske
Motion to approve consent agenda
Ayes: 6.
Nays: None. Motion Carried.
a. Minutes of November 21, 2023 Regular Meeting
CHAIRPERSON’S REPORT
None
REPORTS FROM PORT AUTHORITY COMMISSIONERS
Commissioner Beaudette questioned staff whether a potential vendor currently at Mall of
America had reached out to staff yet for opportunities to open a store in the area. Staff
confirmed no discussions have taken place yet.
Commissioner Freske noted Tops Tavern shared a social media post that the restaurant would
be closing. Staff confirmed there will be new ownership taking over soon.
Commissioner Ober shared an article that was published in December regarding Lakeville North
students and the positive article regarding youth.
Commissioner Weisensel mentioned current superintendent Mary Krueger will be retiring at
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the end of the school year.
NEW BUSINESS
a. Willy McCoy's of Shakopee, LLC Spending Plan TIF Agreement
Economic Development Coordinator Van Oss; On October 17th, 2023 the Rosemount
Port Authority held a public hearing and approved a business subsidy for Willy McCoy's
of Shakopee, LLC. The developer requested $500,000 in excess, for unobligated tax
increment to pay for site improvement costs associated with a 7,500 square foot
restaurant with a roof top patio and banquet area. This TIF Agreement is similar to
several other TIF agreements.
Willy McCoy's representative was present and discussed the current plans for the
project. Currently, in the process for a development agreement to be signed and will
continue to move forward with the Lifetime timeline as Lifetime is the master developer
and Willy McCoy's is following their lead on timelines. The intent it to have the restaurant
complete as quickly as possible.
Motion by Theisen Second by Beaudette
Motion to approve the TIF Spending Plan for Willy McCoy's of Shakopee, LLC
subject to minor revisions as approved by staff and the city attorney.
Ayes: 6.
Nays: None. Motion Carried.
b. 2024 Expo Updates
Community Development Technician Grant provided an overview of the Rosemount
Expo on March 2nd from 9:30-2:30 at the Rosemount Community Center highlighting the
shift to focus on more of the community and promoting more businesses, organizations,
etc.
Ms. Grant shared a few details the public can expect, i.e. classes, bingo cards, food and
beverages.
Commissioner Weisensel agreed this change is a good pivot and a good foundation to
expand on in the future. Commissioner Freske suggested to add more to the city
booths highlighting new development, PD/PW Campus, etc.
c. 2024 Community Development Block Grant (CDBG) Allocation
Community Development Director Kienberger discuss the annual the City receives
federal Community Development Block Grant (CDBG) funds which are distributed by
the Dakota County CDA. The City was recently informed by the Dakota County
Community Development Agency (CDA) that our estimated allocation for Program Year
2024 (July 1, 2024 – June 30, 2025) is approximately $50,026. To secure the grant
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money that is available, the city must prepare and submit an application that
specifies eligible activities or projects to which the city intends to allocate the
available funding.
City staff is proposing that the estimated $50,026 be allocated to a single activity; a
Home Improvement Loan Program. The program would be administered through the CDA
as they are the experts for the program. Rosemount however, will make the decision as
to who gets access to the loans.
Motion by Theisen Second by Ober
Motion to recommend City Council adopt a resolution approving Rosemount
2024 Community Development Block Grant application.
Ayes: 6.
Nays: None. Motion Carried.
OLD BUSINESS
a. Project Updates
Economic Development coordinator highlighted the upcoming Ribbon Cutting at J&J
Sweets.
DISCUSSION
None
ADJOURNMENT
There being no further business to come before the Port Authority at the regular council
meeting and upon a motion by Essler and a second by Beaudette the meeting was adjourned at
6:53 p.m.
Respectfully submitted,
Erin Fasbender
City Clerk
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EXECUTIVE SUMMARY
Port Authority Regular Meeting: February 20, 2024
AGENDA ITEM: Hotel Market Dynamics AGENDA SECTION:
NEW BUSINESS
PREPARED BY: Eric Van Oss, Economic Development Coordinator AGENDA NO. 6.a.
ATTACHMENTS: APPROVED BY: LJM
RECOMMENDED ACTION: None
BACKGROUND
Development of a hotel has been an ongoing discussion item over the past several years. The site most
often explored for a hotel is in the northeast quadrant of the intersection of County Road 42 and State
Highway 3, just east of the railroad tracks in Rosemount. In 2015, the City commissioned a Comprehensive
Market Study for the City. In 2020 the Council approved concept plans that included a hotel as part of a
larger 30-acre development. As of this time, there are not currently any hotel proposals for this site. Since
2019, staff has made regular inquires to hotels and developers that have been met with tepid responses.
Due to the ongoing interest in a hotel, staff thought it would be prudent to invite a local expert to present a
market overview of the hotel industry in Dakota County and how Rosemount fits into the larger service area.
Chris Flagg works for TPI Hospitality, Minneosta's largest hospitality company. TPI develops and operates
hotels, restaurants, and conference centers throughout Minnesota and Florida. Chris Flagg focuses on the
company’s growth objectives, while overseeing all investment and asset management for TPI Hospitality. In
his role, Flagg is responsible for leading all strategic business development, capital partnerships and
acquisition activity. Chris has over 15 years of experience in lodging and hospitality real estate transactions.
His role also includes the oversight of all project management, as well as future capital investment planning.
RECOMMENDATION
Information Item
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EXECUTIVE SUMMARY
Port Authority Regular Meeting: February 20, 2024
AGENDA ITEM: Minnesota MedTech Hub AGENDA SECTION:
NEW BUSINESS
PREPARED BY: Eric Van Oss, Economic Development Coordinator AGENDA NO. 6.b.
ATTACHMENTS: 2.12.2024 GREATER MSP Investor Briefing APPROVED BY: LJM
RECOMMENDED ACTION: None
BACKGROUND
The Greater MSP region was designated as one of the leading technology hubs in the U.S. through a
national competition run by the U.S. Department of Commerce. The “Minnesota MedTech 3.0” effort
builds on existing strengths to create a medical device ecosystem that is even more connected, more
strategic and “smarter” by incorporating cutting-edge technologies, such as artificial intelligence,
machine learning and data science. It will deliver results that matter to patients, hospitals, insurers,
and medical-device manufacturers, such as faster innovation, new products and better health
outcomes, in ways that manage rising costs.
Historically, Minnesota has been home to globally leading companies and institutions that helped
establish a strong MedTech ecosystem. What’s different with MedTech 3.0 is that the leaders of all
these organizations are aligning around a shared strategy. This hub now connects the region’s medical-
device manufacturers with other parts of healthcare system, such as healthcare providers, insurers,
information technology firms, private capital, research institutions and government. The coalition will
also incorporate existing programs and solutions to speed up and improve the innovation process.
Proposed actions include:
1. New data exchanges that enable organizations across the healthcare system to share insight on
specific disease and technology areas
2. Startup incubators and accelerators that are scaled to support entrepreneurs working across
different stages of the journey to build new products and solutions
3. Expanded access to lab spaces, private equity, supply chains and other key infrastructure that fosters
greater medical-technology innovation
4. Next-generation talent strategies that address workforce gaps through the enhancement of training
programs and career pathways, such as apprenticeships
5. Comprehensive approaches to advancing equity to better connect underrepresented populations
and rural and tribal areas to Minnesota’s MedTech growth
The federal government’s Tech Hubs initiative was authorized with $10 billion in the CHIPS and Science
Act. The EDA designated 31 Tech Hubs from nearly 400 applications. Those regions will now begin
competing for $500 million in initial funds received by EDA. The City of Rosemount and Dakota County
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are partners with Greater MSP. Staff regularly works with Greater MSP to market and promote sites in
Rosemount. Staff has been engaged with several inquires related to site selectors utilizing new federal
funding programs, and expects this designation will lead to continued inquiries from new strategic
industries. On February 12th, staff joined a meeting with Greater MSP specifically for City/County
investors. Staff was given updates on high-priority regional strategic initiatives, including the role of
local government in Minnesota MedTech 3.0 as our region prepares to apply for Phase 2 of the Federal
TechHubs competition.
RECOMMENDATION
Information Item
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Minnesota MedTech 3.0
GREATER MSP –Public sector investor briefing
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2
What is Minnesota MedTech 3.0?
This is a bold, new and collaboratively owned strategy to:
•Grow Minnesota’s global market share of products & firms in the medical
technology industry
•Build an ecosystem that is even more connected, more strategic, and
“smarter”
•Accelerate the pace of “Smart MedTech” innovation from Minnesota
•Achieve inclusive economic growth of good jobs and investment in our
region
•Move beyond pairwise partnerships to collaboration against shared
outcomes in specific areas
•Improve health outcomes for the world while lowering cost
To learn more, visit this link on the GREATER MSP website.
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3
How did we get here?
•Itasca Task Force: Effort to outline the region and state’s next major MedTech
opportunity began in spring 2023 with a task force of Itasca Project, led by Allina,
HealthPartners, Medica, Medtronic, and the University of Minnesota
•Tech Hubs program: Tech Hubs competition was authorized in the CHIPS and
Science Act; aims to strengthen U.S. economic and national security with
investments in regions across the country in key technology areas
•Decision to pursue: The federal Tech Hubs opportunity was spotted, and GREATER
MSP acted quickly to assemble the federally required coalition from industry, higher
education, government, economic development, and workforce
•Technology focus: Emphasis for Greater MSP region on Smart MedTech market
opportunities across three areas: (1) AI-powered devices, (2) enabling technologies,
and (3) smart engagement and access, enabled by data collaboration
•Designation victory: 31 designated Tech Hubs from nearly 200 applications,
including Minnesota MedTech 3.0, making us eligible to pursue funding from first
$500M of $10B federal authorization
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4
We are now competing for federal resources
What it will take
to win Phase 2
of Tech Hubs
State government
leadership including
matching support
and alignment of
programs
3 Clear and exciting
projects that meet
EDA scoring to
accelerate economic
& national
competitiveness
6
Co-ownership of
transformational
strategy that expands
our leadership in
technology &
commercialization
1
Demonstrated
equitable process
and outcomes across
all areas of work
4
Strong operating
model including a
flexible governance
structure and a clear
plan for sustainability
beyond federal funds
2
5 Very strong private
sector commitments
to the plan (e.g.,
leadership, funding,
people)
$500 million will be awarded this summer in the first wave of funding
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5
How we are organized this winter
Phase 2 application is due on February 29
More than 160 people at
30 committed
organizations: data
scientists and engineers,
healthcare professionals,
investors, academic
researchers, entrepreneurs,
government officials,
workforce development
experts, and many others
have been working to build
out our Phase 2 proposal.
Temporary structure as we draft long-term model
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6
EDA counts many activities as eligible for funding
Federal funds can address the following areas
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7
Breaking down the Phase 2 proposal to EDA
Nearly 150 pages in application materials are being prepared right now
MMT3.0 Inclusive
Growth Engine
This project is designed
to run the operations of
the entire effort,
including the formation
of a Regional
Innovation Office
MMT3.0 MNcubation
System
This project is designed
to comprehensively
walk hundreds of
startups through a
series of regional
incubation programs
MMT3.0 Data
Docking Services
This project is designed
to ensure new ventures
can access and
leverage globally
leading health data
platforms from MN
MMT3.0 Capital
Expansion Campaign
This project builds a
super team of MedTech
investors expanding
the overall pie of early-
stage capital available
to MN-based ventures
MMT3.0 360 Talent
Strategy
This project establishes
the state’s first
MedTech talent &
workforce strategy
starting with several
key occupation areas
Other executions of
the strategy can take
the form of many
additional projects
seeking up to billions in
funding from federal,
state, private &
philanthropic sources
Component Projects led by GREATER MSP and DEED with dozens of named partners
Overarching Strategy led by GREATER MSP and steered by a Minnesota MedTech 3.0 Executive Board
Strategy narrative expands upon
the 5-page strategy shared
submitted to EDA in August 2023
Risk Assessment documents key
cybersecurity, intellectual property,
personnel, and other risks
Additional documentation
describes the region and other key
aspects of the proposal
1
2
3 Consortium Section with letters of commitment from investing members & support from affiliated partners
In addition to individual letters, will
include a section with partners
interested in participating in work
Cross-sector
partners will be
outlined here
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8
Ways to support before Feb. 29 Deadline
As an investor in the GREATER MSP Partnership, you are already helping support our region in this federal
competition. However, there are two additional ways for individual cities and counties to be supportive.
We would need to know of your interest in either path by Wednesday February 21.
Be named as an Affiliated
Organizational Partner
•We will name individual organizations who
are willing to be identified as likely to
participate in a specific stream of work in
the years to come, such as:
•Smart MedTech startup incubation
•Site strategy for growing ventures
•Comprehensive talent & workforce
strategy
•Regional marketing to the world
•Generating local awareness
Draft an Organizational
Commitment Letter to EDA
•A smaller number of organizations, with an
emphasis on private industry, are making
commitments to EDA as part of the
application. Policy & investment
commitments include things like:
•Financial contributions to a project
•In-kind personnel
•Valuable industry data & insight
•Lab space and physical infrastructure
•Recruiting and hiring plans
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EXECUTIVE SUMMARY
Port Authority Regular Meeting: February 20, 2024
AGENDA ITEM: Project Updates AGENDA SECTION:
OLD BUSINESS
PREPARED BY: Eric Van Oss, Economic Development Coordinator AGENDA NO. 7.a.
ATTACHMENTS: APPROVED BY: LJM
RECOMMENDED ACTION: None
BACKGROUND
Israelson properties: Staff provided KJ Walk with comments regarding access for the proposed Dunn
Brothers Coffee shop. Staff has not heard from the developer since early October. Staff met with a
financial services user interested in a portion of this site. The New Horizons daycare facility has started
construction.
Akron/42: Staff is meeting with several other users interested in the remaining parcels adjacent to Life
Time. Staff is working with a user on a preliminary concept for a portion of the Lennar owned parcel at
the northwest quadrant of Akron Avenue and Highway 42.
Schafer Richardson: The building permit for the first building of 164 units was issued in December and
the footings have been installed.
Super America/Speedway: Staff spoke with the receivership on February 10th. Carlson McCain has
completed the testing required and filed their report with the MPCA in February. Staff is working with
the conservator on getting a review timeline.
CA Gear: CA Gear will be at the Council meeting with a minor amendment for their recently approved
PUD for a taphouse expansion. The expansion allows for a slightly larger kitchen to align with building
codes.
Pine Ridge Hillside: The 3rd building of the "car condos" has started construction.
Rosemount Expo: The Expo is being revamped as a Community Expo as opposed to a Home and Garden
specific event. All the booths have been filled with vendors. The event takes place on March 2nd.
March Ribbon Cutting: There will be an event in March. Detaills to come.
RECOMMENDATION
Information Item.
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