EDA 1999 01 28 AGENDA'
ECONOMIC DE VEL OPMENT AUTHORITY
THURSDA Y, jANUAR r 2 8, '1999, 6:3 0 P.M.
CHANHASSEN MUNICIPAL B UILD~G, 690 CITY CENTER DR
CALL TO ORDER
1. Approval of November 19, 1998 Minutes
VISITOR PRESENTATIONS
Anyone wishing to address the Economic Development Author~ may do so at this time
OLD BUSINESS
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Request for TIF Assistance, Eden Trace Corporation.
Consider TiF Assistance for Phase HI, Entertainment Project
Consider Approval of Resolution for 1999 Legislative Wor£
5. Approval of Bills
ECONOMIC DEVELOPMENT A UTHORITY PRESE~A TIONS
ADJOURNMENT
DEVELOPMENT AUTHORITY
REGULAR MEETING
NOVEMBER 19, 1998' ..
Chairm~ Boyle .called the meeting to order at 6:30 p.m..
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MEMBERS PRESEt:
Nancy Mancino
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Gsry Boyle,' Jim Bohn; Mark'S_~n~ Mark Engel, Steve B~uis~ and
MEMBERS ABSENT: Mike Mason'"
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STA Pm sv. rr: Todd aerh. ast. .xeeutiv'e'Direetor Shamin P mner
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APPROVAL OF MINUTES: Boyle moved, Mason se~nded to approve, the Minutes of the
Econo~c Development Authority. meeting dated Augur. 13, 1998 as.presented. All voted in
favor and the motion carried.
VISITOR PRESENTATIONS: None.
CONSIDER TIF ASSISTANCE FOR PHASE HI: ENTERTAINMF./~ PROJECT.
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Todd Gerhardt presented the staff report on thi.~ item.
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Vemelle Clayton: The project doesn't go away and neither do I.
Gary Boyle: It's always nice to have you.
Vemelle Clayton: Thank you. Thank you. I have been commi.~sioned by Bob to work with him
on this project and the approval process. Partly I think in large part tO offer my perspective based
on what has been happening with the project and relate that to what's happening with it as it goes
forward. As you know, as you can see this final phase in it's present form was not what we
anticipated when it was originally approved by both the HRA and by the Planning.' Commission
and the Council. The project though, as with all of the best laid plans that we have here in
Chanhassen and throughout the metropolitan ah;a. and the country has been market driven. You
can have all the best plans in the world and all the Wonderful ideas~ If the market doesn't accept
it~ it just doesn't happen_ What we did before with respect to this particular portion of the
project, which consists of what we call the bowling alley building, .was attempt to renovate the'
existing buildings and to do some relatively ei-eative things so that it wouldn't look like the
building that you see out there today. We contrived therefore a rather elaborate '.b0aixi~
which did accomplish a couple of things aestheti .c~y as well as the practical application of
having a place for people to walk into the building without having to'climb up steps for each and
every one. Because the present building as you know ~ .about six been above grade at that site so
it's a relatively difficult conversion- We also ~ntrived ~o separate the rather large mass of
existing building into what appeared to be individual buildings built at different periods in time.
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So while that was a nice idea, it was not very,' it was not a Very good investment. It was an iffy
investment. We had trouble attracting any.large numbers of people. In fact we had tr.~uble
attracting anyone. The folks that finally thought '.maybe they would give'it a try were only those
folks who already had had some experience in-~sen and it really was a limited market. So
while we were still working on that, which obviously took us a great deal of time or we would
not be here tonight, al0ag came a new concept in movie going. It~s e0mprised of 16 or more
movie theaters. Stadium seating and frankly it's not just going to a movie. It's a movie
experience. It's a new thing on the scene. It's just coming to Minnesota. It has an'ived in a few
communities and in just a couple more years, yeah years, you'll see them all over the
metropolitan area. Thus the cinema folks came along and offered to purchase the building-
because they could see that already they wer~ at, Or soon would be at an ~conomic disadvantage
if they didn't have the opportunity to compeie.with'thiS new phenomen0m. They looked at the
existing building and they decided the prudent.waY to proceed would be to demo that building -
and rebuild. Thus you don't see some of the same things that you see. They no longer need the
boardwalk. That as I said was contrived, although we all liked it. They looked at having a
restaurant, as we had had before. What With the parking concerns and some aesthetic concerns,
they have acquiesced to some recommendations by staff that a recall component be included for
the reasons I mentioned as well as some other mentioned and other reasons and Ron Kramk and
others will be addressing that with you more completely in just a moment. So have we created
an entertainment complex? Did we intend to create an entertainment complex? Yes we did. It's
in an entertainment area already with the Dinner'Theater and the hospitality that's akeady there.
Is this an entertainment complex with the 16 screens? Absolutely. Eight screens is as I said
going to a movie in C~sen. Sixteen screens puts. Chanhassen on the map. Then as Todd
said, the HRA a few years ago determined that the use of TIF to upgrade this eyesore was
warranted. Now the EDA, for you as the EDA the question is, is a 16 screen movie theater a
better investment than a bowling alley7 That's what we had before. We had a bowling alley and
some retail. Now we have 8 additional screens and together a 16 screen movie theater. From my
experience and familiarity with the project, the principles involved, their financial capability, all
of the above, I can tell you that I fmnly believe that a 16 screen movie theater is a better
investment for the city of Chanhassen than the bowling alley. Will we miss the bowling alley7
Obviously we will. It offered variety. But tonight the decision rests on whether it's an economic
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advantage. So with that in mind I think that it's time for us to talk about what they are
presenting. Give you an opportunity to see What you'd be investing in. Give you an opportunity
as I understand we're doing this in reverse order tonight of what we have become used to doing
in the past few years. Of showing it to you folks first and then going through the more detailed
analysis of with the engineering department~ the planning department and so forth. But this gives
you au opportunity to present to those folks some of your thoughts and ideas on whether you
think it should be tweaked. Whether it's wonderful as it is and all of that. I'll be back to answer
questions and to attempt to, as Bob has asked me to do, coordinate some of this tonight but right
now I would like to hear from Ron Krank and I'm sure you Would too. He's with KKE
Ron Krank: Thank you Vemelle. If we're not on TV, is it okay if I stand up here so that?
Gary Boyle: Please.
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Economic Development Authority - NoVember. '19, 1998
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Ron Krank: Ron Krank, KKE Architects and'for'those of you wondering where you've seen me
recently...Video Update... So what's exc.iting, for me is now to be working with Bob
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Copeland... but we're Frank Beddor's architects back some years ago, 25.years ago. '.and it's
interesting that in those days'when we were working with the city and trying to relocate, we were
also looking at what we could do with' this. So it goes. way back then and it's nice to come back
20 years later and help you finish it off... " --
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Bohn: Did you fores~ this?
Ron Krank: No way. Two screens may~ but not 16.. No .way... But our involvement began
about six months ago I guess. It Seems like a c0uple years because we worked so hard at it but '
when Bob Copeland came to us..~ Because Of all of the number of screens they have, they can.
have 10 screens playing Titanic if they want .as"0ppo~ed to'a smaller series of theaters. Cinemas
today are very comfortable...and they're tall buildings. They're big. They slope back way high.
They're much more handicap accessible...so there's"a real st~ng market here. And those that
meet or exceed the market will succeed. Those who don't aren't going to. So we were hired six
months ago...vi~_~al concept as Bob was think/ng about, it, I think was shown to you, was...and
punch into the rest of that where we've got more retail space at the 4 foot high level. When we
started looldng at the columns everywhere, it's not a real high ceiling space. K/nd of
uncomfortable to just in terms of outside walking up' w the end ofthe building where...and but it
mainly was structure~ You had all these columns to deal with and it just didn't make sense to try
to deal with that and take columns out and put beams in straight on through. Look at cutting it
ofl~ building exactly what you need in terms'of size and see what's lei~ over. And so we did that.
And I must say the original concept was because they're just in the cinema business that they
don't, that's what they do. They really didn't want an~h'ing else on the site other than cinema~
But staff, who's a very good proponent for, va3r good advocate, .really pushed and plugged at us
to provide us with the vision that you have given them and that is that this really meets the
entertainment center, you've got to have more than just a cinema~ You've got to have activity
and a nice facade that...to the downtown. Has a small shop feel and provides an opportunity for-
people to eat and have coffee or whatever when they go to the movie. Ice cream and come back
out and ~uly become an ent~ent center. So we went through a lot of iterations of plans
frankly and what we have now I think is very exciting and we believe really does meet what the
city's expectations are. I guess we'll start with the site plan. This is north. This is the existing
cinema over in this area. This is the Frontier Building and this is Market Boulevard. This is
obviously a very, very important site to the Community and we understand that. It's the...access
into the city. Or one of them and so it's important this siteiine, what you see when you drive by
this property, that gives us the oppoflunity to'add screens and double the cinema from 8 to 16 and
that's basically that line right there. Gives us a chance to provide a new entry'which would be in
the center of the cinema so people can go both Ways...utilize the ramp and that walkway in front
of...playform area as a handicaP access to the theater ai that fourth level walk in. It allows us
now to come in from the outside. Walk into the building at grade... Walk into a corridor and
then walk up so that anybody...carve it out, dig it out, rep.lace the foundation of the existing
building, it made a tot ofsense for us to do that. And then what wedecided was this is a great
opportunity because of the tremendous traffic vis~ility ~0 have this series of small shops. 60 feet
Economic Development Authority-November 19, 1998
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deep, and we envision at the comer of the.building, at that location with the large, deep sidewalk
that's probably 40 feet, an opportunity for some outdoor cart. A restaurant. It could be coffee
shop, bagel, ice cream. Things of that sort so that people can enjoy the sun during the day. See
the access. See the activity and not be bothered by .cars right in the proximity but a nice outdoor
space. And so that will give us a chance'with this landscaping plan to do some interesting
sidewalk patterns. We're showing plans, some railing detail. A lot of landscaping but then keep
that front open for active space. We're not sure frankly if this is a place where people are going
to walk and browse and walk back but that's okay because there's so much traffic by here it'd be
a great spot for someone going to work. Stop to get coffee or get a bagel on the way to work or
come home in the evening. An ice cream drive-up here. Drop off the cleaning. Pick it up. So
we're sure there could be a lot of activity here but our thrust would be, especially in this
location...active with food and coffee and ice cream. Things of that sort. Parking lays out really
well we think in that this would be obviously the main entrance to the cinema but we're
surrounded by parking. There are 565 stalls...well for us in terms of parking for this area is
probably 45-50 cars. Maybe 60 necessary and the bulk 500 plus can work for the cinema and the
Frontier Building. We look at this in terms of Car count and traffic is that we've been told make
ourselves a part of the downtown. Make it look like downtown. Small shops. Lot of you know
fun...detail and things happening and a part of downtown, our belief that by having 2800 seats
here, that people are going to park over here...and walk over here and go to bowling and do that.
Not necessarily say well, we've got to drive and park over here. That's really down, park a block
or two away and take advantage of all the other restaurants and come to the building so we're
real comfortable with the car count and I think as yOU might recall, you had a, the city
commissioned a traffic study by Hoisington, Fred Hoisington which we...we're comfortable with
that. We would describe the exterior of the building was, the cinema right now. The thought is
m get off the marquee so it's not...not very attractive fight now. I think it's plywood and trying
to decide what to do with it. That hasn't been resolved yet but what...exit. Emergency exit out
of 2 or 3 screens. But what we would do is paint it, clean it and strengthen it by some additional
landscaping and...that could be used elsewhere in the downtown. The thought is we would add
more of those so we get a little more rhythm. A little more detail to that. And then as I
indicated, you'd be walking, you'd walk up the steps in this way but more like a handicap access
where you come, enter at that point. Then others entering the cinema would have to walk up and
what we're seeing is...but we need more height... These screens will stay as they are fight now.
...but this will be a tree, tree stadium seating. Higher and a better sight line. So what we did is,
the thought is that we would repeat the same kind of striping on...EFIS. It's a stucCO. Create a
second line or to bring the scale back down to this, the elevation of the building, the adjacent
building and then create an archway here that would have a translucent panel of, and there are
four of those, sixteen screens... That gives a real interesting scale and arches of course give it
character. We're thinking that_-..in front of and-below each one of those arches so that we're not
necessarily pointing that out because there's no reason but what we do then is create the same
rhythm and same you know with the railing. Then we've got a base detail of brick which would
then touch the... This then begins the small shops and we're thinking that there'd be a small
series of, a facade. Each one could have a little more, a little different character. Some would
have curves. They'd have peaked roofs. The ends of the building would have a raised sort of
tower feature is that there should be some awnings, maybe canvas awnings. Different
colors...and then you've got these, it's just a little bit different...facade relief work not only as
Economic Development Authority = Noveml~- 1'9.',' 19.98.
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well as vertically. And What We've don iiha¢ ...the building, facade and men
we carried that line across again in the stucco us'..rog .two.different tones'of that...
Boyle: Thank you...Nancy if you have.
Berquist: EFIS versus precast now? .
Ron Kr~nk: Yep.
Berqulst: And it's, shall I ask the rationale behind it or &) I need, from a construction
perspective I'd like to. ' '. .'
Ron K.rank: Now EFIS would be a, EFIS is 'a stucco'system. You can have.
Berquist: I know what it is. We had originally, originally, I don't mean to out you short but
originally we had talked about using EFIS On the rehab part of the structure and it was decided to
go with pre-cast for a few different masons and now we're back to EFIS.
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Ron Krank: To answer you question of the past I caa jUSt say...
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Berquist: Originally when I first looked at this and I' saw the retail concept to be, I found myself
tom. Walking the retail part of it and debating in my own'mind whether or not the retail aspects
added to the potential of the center or took away 'from an economic perspective. You've
addressed that somewhat and you've pretly much convinced me that it's a very viable thing to do
there, right? Is that what your analysis has concluded?
Ron Krank: Yeah. Intuitively we...
Berquist: ...an oppommity for our economic advantage to be taken by the smacmre is enhanced
by the retail aspect as opposed to because it detracts from the economic...The ori~nal footprint
of the building, I mean I like the idea of tearing down and starting over but there wasn't anything,
unless I missed it and I very easily could have. How was the original footprint like?
Ron Krank: I have it in detail...about four feet...
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Berquist: Let me think. There was one other thing I wan~ to ask, if I can just find my note.
Oh! Height. I don't have a scale on me. 6 feet inch.
Ron Krank: 35 feet.
Berquist: 35 feet7
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Ron Krank: To the top of it. To'the top ofthe structure. That's down about 6 feet I would
guess...
Berquist: So roughly 30 feet and.
Ron Krank: This is 30, it's about 35-36 feet high.
Engel: Just slightly below the east entrance?.
Ron Krank: Yeah. This one is about. 20. 20 to. 22 feet. 16 frankly addresses...
Berquist: I was just trying to envision how massive...one versus the other. The 35 feet, 29 feet,
that's what I was looldng for. Thank you.
Boyle: How does that compare to the current building? To .the current bowling alley in height?
So that's the same height on that?
Ron Krank: Yeah, oh yeah.
Engel: Three quick questions for you. I didn't get a chance to write them down. The east
entryway. Is there anyway we can maintain the marquee? I know it's in a subdued version, in a
lower caliber version than the main one. Just as an architectural feature rather than taking it off.
Leave it and design it down so you don't put a lot of money or emphasis on it and keep it as
another entry. That's one question. The other is, can you extend those walls on the ex/sting
theater. Not extend them but can you enhance them with matching windows like you've got in
the new side. See what I mean? Yeah, those three massive ones. Can you break them up so that
you have archways and matching windows there so that it would kind Of carry around the side of
the building rather than being just a mass of concrete so to say. That's the second. And then is
there a stair between the raised sidewalk as it drops down to the main entryway. Or is it just
going to stay above grade all the way, or the mil cutting il/off.
Ron Krank: ...for a couple of reasons. We didn't want to confuse people. You're going to
come in here, pull the door... Probably more importantly though we felt that we want the
attention to detail here. This is the...there's a lot of detail here and why have, I mean it doesn't
do the job anymore.
Engel: That's a good question, just sticking with that for a few seconds. Is there an oppommity-
to keep that entryway and extend the hallway inside 'of the building that carries you into the main
lobby or is that strictly being used for theater space?
Ron Krank: It's theater space.
Engel: It would be theater space? It would not be able to be a hallway'?
Ron Krank: No, because...you'd have to go out...
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Engel: Okay. Good answer. I was curious'ho~, if you did make it an entryway, you'd want to
probably extend the hallway out of the main lobby.
Ron Krank: With regard...as well as an aesthetic 'function...our thinking is it'd be a little bit... '
our thought is to make it simple. Get those po~...Your question was the entry or the sidewalk7
Engel: Yeah the sidewalk is extending down via steps, to the main level or is it cut Off there by.
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Ron Krank: Okay...and you're in the main pai't'0f tie theater. -You're in the lobby. Here you
walk in. You walk in parallel to this lobby and then you're in at grade.
Engel: When you're on the, oh okay. .-
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Ron Krank: You're on this level when you'walk in the building. So you walk in and th~ you're
in the lobby.
Engel: I ask the question because if someone came from the back side and was' say handicap
accessing it, they'd wheelchair in fight at grade onto the main level of the lobby.
Engel: The other option I'm guessing is if people were walking around and didn't go in that door
and we were just walking around to say the restaurants on the far side of the .building, could they
walk down a step and then continue onto your exxended sidewalk7
Bob Copeland: The steps are there and they will stay there. There are some.
Engel: That's what I'm trying to envision in my mind.- That's what I was thinldng. Just so
they're not, they're not at this raised level and they 0op. You've got to go in the theater. Step
around. You've got to explain to me. i,m a little thick when it comes to visualizing. 'Okay,
that's good for me. ..
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Bohn: When you, if you've coming' from the back side by the Frontier Building, coming around
the theater, and you want to go over to .say the coffee.shop's on the side, you still stay on a
sidewalk without going into the parking lot because you're not w. aiking in this'parking lot. Not
while you're inside the theater. ..
Ron Krank: Right. That's fight.
Boyle: Mark.
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Senn: I assume at this point we're confining ou~lv~ to arehiteetare or design questions and I
don't really have any additional ones. .-.
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Boyle: Nancy, do you have anything regarding archi, te, ctural?
Mancino: No I really don't because I am assuming that our purpose here as the EDA is to decide
on TIF financing. This will go through the process. It will go to the Planning Commission to
really look at the architecture and it will come back to the City Council at that point, am I
correct?
Gerhardt: You are correct.
Mancino: Okay, so that our review at this point'or the question that is to be answered tonight is
having to do with the TIF application and that then the staff will do a full report with engineering
and parking and all the architectural components will be addiessed at that time.
Bohn: Will it come back to us7
Gerhardt: Well, you're fight on everything but you've got to remember that TIF money is money
that, you know if you remember we were going to use the T[F to try to get the special
architectural statement that we wanted to see in this area. You know that we were going to
basically be paying for the facade, the boardwalk, and some of the parking lot improvements. So
when we asked for architectural input, is this concept meeting with the themes and the ideas that
we had with the first concept. Is this project meeting your expectations of what we had
established with the first project.
Maucino: First I have to decide whether I believe in TIF for this project and then the second one
will be if we do do TIF. If we say yes, what are some of those quality architectural things that
we'd like to see. Am I...
Boyle: I think that you brought it right to the point, if I can interject here just for a minute. I
think this is really where we're at. At this point. What we have to ask ourself and agree upon
tonight I think is that, is this project special enough, is the use justifiable enough and the quality
such that we as a city should consider being a parmer in this project.
Mancino: Yeah, why is the project in the public interest. I mean that's the ultimate question.
Boyle: Yes. Is this what we want to see in this area? Is, wherever the money be appropriate
with the plan so...come to that conclusion tonight as a group. Hopefully know what direction to
go. With that, I know there's some questions probably regarding parking but maybe that's
appropriate to bring.up at this time. -
Gerhardt: Well I'll leave it up to the EDA. I know these are all questions that the Planning
Commission and City Council are going to do. I mean We want a project that is doable and Mr;
Copeland, for this project to really be a successful i~ Chanhassen, he's saying he needs tax
increment financing for this project to work. And for us to really.do our due diligence, you know
we had to look at all the elements that typically a planning commission members look at to
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answer should this project get TIF. And does it meet Our goals and objectives for architectmal
style. And along with that, if we're going .to give TIF, we Want to know if there's traffic.
concerns and parking concerns. And so we pUt.bas, ical_l, y a planning rgpol}..t0ge~er to you ·
tonight to try to give you some comfort that this project is meeting th$ city's guidelines. And just
to correct a few firings in that report. 'I asked shamfin, she did a calculation error in her parking.
If she'd come up and kind of explain that to give you a little more comfort on the parking;
Sufficient parking in the area. And I'll give you a verbal update on the engineer's report and then
I'd also like to open it up to Bob Copeland'who sent me a letter, today regarding the road access
over to Great Plains.' And then I'd like to get your reaction to some of those things and then
discuss should this project receive TIF or do.You want'to absorb it'more and have a special.
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Al-laff: In regard to the error that Todd was talking about. 'The ordinance actually requires 1
parking space per 4 seats in a theater. When I did'the calculation I used 3. 8o we need 700
rather than the 900 that I specified in the report. I spoke earlier today to Fred Hoisington and he
confirmed that according to the calculations that were provided by the applicant, there should be
sufficient parking. There will be times when they will exceed capacity as far as parking but it's
not something on a continuous or a daily basis.
Boyle: Do you know what times those, do we anticipate what times those would be?
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A1-Jaff: In Fred's report he outlined the months of June and December and perhaps in
November.
Boyle: Any questions of Sharmin at this time7
Bohn: I have a question_ Does that include if the Frontier Building is used?
A1-Jaff: Correct. And assuming that the restaurant, origin~y when this plan was being worked
on conceptually, they were looking at a 6,000 square foot restaurant. Now they eliminated that
because it requires additional parking spaces. So with the retail it should work.
Boyle: Thank you Sharmin.
Gerhardt: Just quickly. Our ' engineering department'had an oppo~ty to review Benshoof s
report. They are in agreement with the traffic study:' Them is some concern regarding some·
utilities, of those utilities that are in the area. We feel that that's a cor/ectable situation. And
between staff and Mr. Copeland, those issues could be resolved if the project was to go ahead. I
did receive a letter, I briefly glanced it. Bob, are you able to kind of discuss this with the EDA?
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Bob Copeland: Yes, I think I can.
Gerhardt: And I'll hand out copies to members. "'
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Bob Copeland: I'm not sure if ali of you have read the.repor~ by Benshoof and Associates
regarding traffic. The bottom line was that traffic will work out in the .area, in the block and so
on provided a link was provided to connect Market Boulevm-d and Great Plains over on the' east.
And the report stated, well it kind of led me to'believe that the only way that that would work is
if this connecting link was unimpeded...or someone backing out from a stall into this pathway.
And I discussed this...and he and I, well he Went over it and he concluded that while it would be
best if this connecting link was unimpeded, if it is impeded. If there are traffic stalls that are
adjacent to the...that doesn't change the findings that he's come up with that sections would
function at satisfactory.., to get in and out of the facility. So it's just the clarification really of the
report. In terms of the detail on how the conu .ecting link is constructed or whether there are
parking stall spaces...
Boyle: On the north end Bob where the two roads, is there a current mad or I mean access
getting out?
Bob Copeland: Here?
Boyle: Yeah.
Bob Copeland: Yes. This exists now today.
Boyle: It exists but it would not exist under this plan?
Bob Copeland: It would continue to exist. And there are parking stalls fight along here.
Boyle: You would not have to go up into the parking lot of the hotel. It comes out.
Bob Copeland: The hotel parking lot is kind of off this drawing. It's up in here. You can access
the hotel parking lot but the hotel parking lot.., these stalls fight along here are stalls associated
with the bowling building, not with the hotel.
Boyle: Any other questions of Mr. Copeland?
Bohn: ...traffic getting to Market Boulevard?
Bob Copeland: I'm sorry, what was the question?
Bohn: Traffic, can leave there and go over to Market Boulevard. I mean not Market Boulevard,
I mean Great Plains Boulevard.
Bob Copeland: Over here?
Bohn: Right. Is that road open too?
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Cope d: or&r'to provia miSlc0..'.nn ing"- you wou d to go
Bloomberg property here. And connect'up witl~ there's a ~ to the South of the existing Dinner
Theater parki~ lot. That road is paved to-appr0ximateiy here on the drawing .and. then there's
unpav~ actually.there are aboht two or ~ differ~t paths that are not paved fight ~{0w that, as
part of this process we would ente~. 'rote an agreem~mt with Bloomberg. Have a permanent
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easement here across this property and'then 'access over to Gre~ Plains. It may start out go' .rog
just pretty much straight across. But when they develop, som~ here, that would change., -
Like it'd be to the north or it might be~ end up being to the south.
·
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Berquist: It's your intent to take care' of that a~d ge~ it all.
. .
Bob Copeland: Right, we have to finalize'tl~'with B1.0omberg. -'
-.
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Engel: Can you show the exit over to the west side again.then. The entrance from Market.
· .
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Bob Copeland: Yeah, right here. Pauly Drive. And then the cinema is right down here...
Berquist: Question for probably Mr~ Benshoofmore than you Bob. I'm curious, we put all these
vehicles in there, now we're in December and. June, and do We ever get to a point where we
create a need for stop lights? Especially as we cross into, doesn't that access the northern access,
right there. Doesn't that line up with.
Bob Copeland: It does.
Berquist: It does.
Bob Copeland: Yeah, this lines up with what I had in my mind as the'main access to Market
Square and this lines up with what I personally would call sort of a secondary entrance into
Market.
Berquist: And perhaps this is a permature question but have we, has that ever entered into the
thinking process at what point are we going to .require a stop light?
·
..
· .
Audience: ...address that He had, as part of the analysis examined the volumes at the Market
Boulevard/Pauly Boulevard intersection and as it Would relate to the levels of traffic needed to
warrant a tm~¢ signal...projected volumes would be below. That's what we found.
· .
Berquise Forever?
.,
Audience: Well I don't know if forever. I mean' our forecasts relate to the period of time within
a year or two after some...what happ~ ul ' .timately.. -
Berquist: But fully developed as proposed, they would continue to be safe, reasonably safe
intersections? -. '
Economic Development Authority - November 19, 1998
Audience: Yes.
Boyle: Are there any other questions? Todd, did you have any comments before we...
Gerhardt: Yeah, I'm just wondering. This is a lot to absorb in one night. If you would like to
go through and look at should the project receive TIF assistance at this time or do you want to sit
down and as a group discuss this further.
Boyle: I think what we really should do, for Mr. Copeland's benefit so he has an idea before he
leaves tonight as to where we should go with this. If we could, so .we can discuss as a group...
ask everybody to depart the room for just a little bit we'll do that and make it as quick as we can.
Mancino: I think from a legal.
Bob Copeland: Can Jim Benshoof go? Our traffic consultant.
Engel: I think so.
Boyle: I don't have any further questions.
Senn: I don't think that's an issue. Not tonight at least. I don't know legally but I'd like to
make a motion that we let Steve and Linda come back in and listen.
PRESENTATION ON TIlE FINANCIAL ANALYSIS OF TIldE DOWNTOWN TAX
INCREMENT DISTRICT.
1
Gerhardt: Mr. Chairman, HRA members. I'm a little disappointed here. Jim had asked that, for
this item to be on. I expanded on it a little bit. Jim had asked that we see kind of a summary of
the history of the downtown tax increment district and this past year, '97, Rob Tautges, the city's
auditing firm had completed an audit on our downtown tax increment district. That report went
back as far as 1976 when the district was created to 1996. So basically 20 years of history went
into this report and I included in your packet and at this time I would like to introduce Rob
Tautges of Tautges-Redpath to give you an overview of his report and the analysis used in
determining the numbers and history and methodology presented in that report. After he's
completed that, I would like to talk a little bit about our downtown district. The short falls that
that district saw this past year. How we corrected those. How the legislators created a new
problem for us in 2004. How we are looking at moving ahead and creating those, or correcting
those problems and then just to summarize that we aren't alone in that and I'd like Rob just to
touch a little bit on that and give some history on some of his other clients and what he's heard
through his grapevine. With that I'd like to introduce Rob Tautges.
Rob Tautges: Thanks Todd. One technical correction. That report flaat you have from '76 to '96
is not an audit...went back and plotted as best we could to...that the auditor wanted to see and
there really were some assumptions that went into that as far as... They were all extracted from
audited financial statements but you've got to understand that the OSA, the Office of State
~mi¢ Development Authority: Nove~ 19,' 1998
.
·
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Auditor in 1995 took over the oversight i~on~ibiii'ty for TIF...Dopartment of Rev .onue. When
they did that they changed the reporting rules. 'So eve0 though cities had been ~ their
accounting systems on a certain.. basis, now gave you a new format When the '95 forms wore .
submi~ by city staff, there was a iotter from 0SA ~king clarifiCati0n-on a number of issues.:
So we got involved and worked wi~h city staff to go back and reconstruct transacti~ as best
they could in the state recording format. But if you're being selected for audit, there'd be still
another way to...all those estimates and assumptions that were extracted from...point of
clarification for you. I threw together a few slides just. to, .so I'd remember to hit everything that ..
I'm supposed to here. Now ifI couid just get it to.work huh.. Monitoring financial results is.
what we're trying to do here. Two .parts of what.i'just Wanted to talk about'tonight which Todd
talked about is first of all the historical anal. ysis.0f financial accounting transactions, and that's
the book you have. From '76 to '86. The o..ther part is.projected balances. We've got to kind of
segregate those. One is a historical 10ok back to try. to.understand where all the dollars came
fi'om and how they were used. The Other part is to try to control or anticipate what the balances
are going to be in this fund. Overall status, as I mentioned. 'Aocounting transactions Wore
summarized to accommo~te that state auditor required report for the downtown District No. 1.
We also had thom for some other districts as well. But tonight we'll just talk about this one.
First of all there is a temporary fix as you're all aware, moaning that deficits are delayed. We
wore looking at deficits I believe o¢ourring as' early as 2000. With the advance refunding
program that occurred in 1998, it avoids cash ovordm~ and deficits on it projected basis through
the year 2002 is when they first start to appear.. Af~'2002, exouso me. So we still are grasping
for a solution for 2003 and 2004. I believe Todd handed out the most recent schedule which was
also the subject of a presentation that we had done this summer, and my's a fax copy. Your's
probably isn't yellow but it has all of the projections aim' the advance refunrl_inE. So you can see
what dollars we're looking at by year and the first deficit hits in 2003. I think that was handed
out in the materials, was it7
Gerhardt: Yes. It's your attachment behind my report.
Rob Tautges: Okay.
Mancino: Which one, I'm sorry7 This one7
Rob Tautges: Yep. .'-
Mancino: Thank you.
Senn: Attachment behind which one7
Gerhardt:
Right behind my report on the back side of the report.
Mancino: On 3. It's labeled number 3~ - --'
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Coerhardt: On the back.
Economic Development Authority- Novembei- i9, 1998
· ·
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Senn: Yeah, hem's number 3. Okay.
Rob Tautges: Just for your reference.' In the b0ttom'left of this, Springsted Inc, 7/27/98. Just so
we're dealing with the same one. As I mentioned on the historical, I don't need to spend a great
deal of time on it but it was prompted by an..April 30, 1997 letter from the' Office of the State ..
Auditor regarding questions on the 1995 TIF forms. So...
Cf'here was a tape change at this point in the discussion.)
PRESENTATION OF TI:rE 1999 BUDGET.
Senn: Okay, so the council will have to act on that reallocation basically but you're reallocating
these from the EDA to other city funds bas!cally?
Gerhardt: Correct.
Senn: Okay. And that's approximately $55,000.00.
Gerhardt: That will show up during, it should have showed up already in your 701 presentation.
You haven't seen 112 yet or 210. You'll see that Monday night. So in my presentation to you,
those percentage increases will be reflected in'those two budgeted accounts. Now if I could ask
you to go to contractual services. Budgeted we had $140,410. We were over by approximately
$36,000.00. $30,000.00 of that 36 goes back to this debt analysis that we were doing. The sheet
behind my report today that we just went through. That's Rob's time and Springsted's time in
assisting us in putting that analysis together. Look at' refunding. And the other approximately
$6,000.00 was spent on the Instant Web and Empak on a special assessment appeal for legal
costs on that. Approximately 6. So that's.
Senn: So we didn't get reimbursed on that?
Gerhardt: No. Capital outlay. Capital Outlay.
Senn: Before you go down. Okay so that's explains basically between '98 why the budget and
your re-estimate, okay. What do you need the 124 for in '997
Gerhardt: 124 is for continuation of the debt analysis that Rob talked about.
Senn: How much money are we talking about there?
Gerhardt: About, I'm guessing somewhere around $20,000.00 for that. You know for ballpark.
Senn: And that's where option is going forward you're talk about?
Gerhardt: Right. And-then also doing the debt'analysis on each of the TIF districts. I'll be
giving them numbers for their review.
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Economic Development Authority- Novembei- 19, '1998
Senn: Okay, so that's the $20,000.00. -What about the othex $104,000.00?
'.
Gerhardt: The other 104 isl you,ve got some utilities"in there. It's travel and training in there. '
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Senn: That's the breakdown there?
Gerhardt: No, not with me.
Senn: Okay. "
.
-. .
Gerhardt: Do you want to see those breakdo~?
Senn: Yeah, I'd like to. See what's included in the $124,000..00. I'm just saying ifyou don't
have it also I'd like to see what's included on the $40,000.00 in capital outlay.
Gerhardt: Capital outlay is taxes. That's all it is. Remember we paid the taxes for the land on
the other side of the Applebee's and Tires Plus. We're paying taxes on the.
Senn: Pauly/Prymus.
Oorhsrdt: Pauly/P~us.
Senn: That's the whole 40 then?
Gerhardt: Yes. And then the old bank building. And then we get reimbursed on the old bank
building through the tenant's rents.
Senn: Pauly/Pryzmus, old bank building aud.
C-erhardt: I think it's highlighted on all of them. On page, if you go into capital outlay af~ the
revenue sheet. We've got Pauly/Pony/Pryzmus, part of the Red-E-Mix and West 79~ Street and
old bank should be included on that list. ..
Senn: Oh! We're still paying on the Red-E-Mix?
·
..
Gerhardt: Yeah. We had a discussion'last year if we should put it back on the tax roils or not
and we were still looking at potentially the re-use Of that property. And do you remember that
discussion last year Steve? .' - - "
.Berquist: I remember that discussion relative to the piece of land on Holiday and I think I
remember it the one relative to the. . .
,
.
· .
Senn: But I mean fight now as far-PaulY~us and'the cement place and smff~e that, we
really don't have any plans of putting those back 6n the tax mils, do We?
.
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:
Economic Development Authority-'November 19, 1998
Gerhardt: They still are on the tax rolls.
Senn: That's what I"m just saying. I mean, I'm sorry. We don't have any plans to effectively'
redevelop them into private use.
Gerhardt: I haven't gotten direction from you yet. There's been discussions to redevelop this
site and then I've heard there wasn't. We did our historical district but there was never any
conclusion coming from thatl
Senn: So we should probably get to a decision point on that because it could save us a bunch of
money.
Gerhardt: Well not really because we paid $40,000.00 and we're paying ourself back. We get it
back through the increment because.
Senn: So it's all...coming into the district.
Gerhardt: Yes.
Berquist: I remember that part of the conversation.
Senn: Well why didn't you say something.
Gerhardt: Let's see here. Debt service. That's just the schedule for bonded debt.
Senn: And the reduction there I'm assuming is because of the refinancing.
Gerhardt: Well it was the last year, refinancing and we were in the final year of a TIF payment I
think to either Byerly's or Target or something in there. We still have to make payments to the
Dean Johnson and still have to make payments Over to the apartment building. That's all I have.
We can put this on for our 17th meeting. I can get those clarifications back to Mark. Is there any
other direction that you want me to look at in this?
· ·
Boyle: I'm assuming Mark that you want that done before we bring this to approval?
Gerhardt: Yeah, and I mean basically any action we take is going to really have to go to the
Council because most of it' s going to effectively involve reallocation to other funds. It's not
really cutting expenses.
Boyle: What's your deadline? I mean this has to be done by the end of the year.
Gerhardt: I think we have, what did we say? December, well noon by the 28th but Council's
going to meet on the 21 st I think is their last meeting.
Economic Development Authority = November 19, 1998. -
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Boyle: So if we meet on the 17t~ and this goes back, can we feasibly approve this budget then?
.
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Gerhardt: There. may need to be a m0di.'fi .cafio~ .well no. We can deal, we can reallocate, we'll
find some other place other than 460 to reallocate' if the 6ouncfl doesn't want to see those
expenditures into the general fund. We'll recommend another source than 460..
·
Senn: A different special fired?
Gerharde. Different special fund than 460.. So if we. approved our budget on the i7t~ and the
council on the 21~t did not want to see 112 increased in personnel services by 10°/6. They'd
rather see it at 5%, then I have to move 5% ofthat, m0neY someplace else and I would probably'
recommend another tax increment district. - · .- "
Boyle: The only basic issue I see With the cuuvent, budget as proposed tonight is a break out of
the $40,000.00, is that correct? Is that where'we're at? We're asking Todd to break out the.
Senn: No, main clarification is basically a breakdown of the $124,000.00 in contractual services.
That's really it.
Oerhardt: That would be... The activity' second to the last activity.
.
Senn: Well Gary in another sentence it's kind of silly for us to sit here with five of us being
council saying we're going to approve this budget throwing it into the general fund and then turn
around in another action and take it out of the general fund and put it someplace else so it'd be
kind of nice to get that all figured out in. relationship 'to our overall subject consideration-
Boyle: Well it'd be better that council kind of do some of this before it comes back here.
Senn: Yeah, well we will. We will because we'll have everything pretty much together before
the 17t~.
Gerhardt: I might get a little direction On Monday night when I make my presentation on 112.
TheY just haven't heard my 112 budget yet.
Senn: But you're gone what, ffou're gone'the 21~.right? So it was our plan to actually kind of
adopt budget and stuff the 14~. '
Boyle: And once that's done, I mean this is really, this becomes real easy.-
Senn: And in fact if nobody else Cares, which may be the case, I mean you could just Monday
night just give me a breakdown of the 124 and. then we can figure out from there where we go
..
with this consideration so.
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Gerhardt: I'll put a sheet together and hand it to ~ but I'.ll.give it to everybody. So you all
know where it goes. . · '
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Economic Development Authority - November 19, 1998
APPROVAL OF BILLS:
Berquist: I will move approval of the bills as submitted.
Gerhardt: I just have one discussion. There needs to be, there is a coding there again. A coding.
There's two items that need to be, that aren't EDA expenditures. Items on the Hoisington-
Koegler Group, Chart parking. That should go to the entertainment district expenditure and
Frontier Center, 36 and 234. $36.00 for Frontier Center. That should go also to the
entertainment center. So if you could exclude those two in your apprbval.
Berquist: I move approval of the bills excluding the Hoisginton-Koegler Group for $234.65 and
Kennedy and Graven for $36.00.
Engeh Second.
Boyle: Discussion.
Berquist moved, Engel seconded to approve the bills for the Economic Development
Authority excluding the Hoisington-Koegler Group for $234.65 and Kennedy and Graven
for $36.00. All voted in favor, except Senn who passed, and the motion carried.
EDA PRESENTATION:
Boyle: Anybody want to make an EDA presentation? Meeting's adj0umed.
Chairman Boyle adjourned the meeting.
Submitted by Todd Gerhardt
Assistant Executive Director
Prepared by Nann Opheim
CITYOF
CflAN EIV
OO Ci9' Cv;ter Drive, l',O Bm. 147
Chani~usen, Minnesota 55317
Phone 612.93Z 1900
Gem'M Fat. 612.93Z5739
Enlineering Fax' 61293Z9152
Public Safrty Fax' 612934.2524
Web u'ww. ci. chanlmsen, mn.,s
TO:
Economic Development Authority
FROM:
DATE:
Don Ashworth, Economic Development Director ~. 5~'
January 20, 1999
Eden Trace Development Proposals
City staff (Planning, Engineering and myself) have been working with Eden Trace
over the past six months to prepare a development proposal for their property
south of the railroad tracks between Audubon and County Road 17. I am excited
about the proposal as it offers the oppommity to bring in several new smaller
businesses to complement our existing business park (see attached sketch plan).
However, to make this development plan a reality, an economic development
district needs to be created. Salient factors supporting the creation of an economic
development district include:
· Transportation: The EDA has stated that they Would support the creation of
new tax increment districtS' which support .Uanspomti0n within the
community. Without question, Lake Drive represents an integral part of our
overall transportation system from Dell Road on the east to TH 41; and
.'
· Housing: Without Lake Drive,'affordable housing cannot be considered on
the Patton property which lies south of Lake Drive (see developm~ plan).
This is one of the few parcels in Chanhassen where affordable homing could
logically occur and the consmmfion of the road, inclncllng utilities; represents
the only way that this goal can reasonably be achieved; and
· Public Costs: The '.existing drainage pond and city park lying south of Lake
Drive have the potential of adding to public costs for the construction of this
roadway when and flit ii'built.. By contrast, by considering Eden Trace's
development as a part of a'new economic development district, the public
costs associated with the pond .and frontage along the city park can reasonably
be paid via the new increment generated from the business park and not have
it become a gene/al obligation, cost; and
.-
·
· Special AssessmentS: The EDA has supported the use of tax increment only
to the extent that it was solely used to reduce special assessment costs. The
EDA will no longer suppo~, prOPosals which include developer'write-downs
or other site improvement costs (soil correction, etc.). The proposal before
The Ci0, of Clmnt, uteu. ~4 growing ca,,mmniO, with dean lakes., quah'~, schoo& a cham,ing downtoun~ thrivi~ bminex~, and beautifbl parl~ A gtvat place to Ii,z, u~rk, a,ut pk~
Economic Development Authority
January 20, 1999
Page 2
you is solely one of using the tax increment for public costs (pond and city
park, housing subsidies to the extent possible, and special assessment
reductions for businesses in the new business park). This latter point needs to
be emphasized. The developer himself would receive zero benefits through
our authori~ng special assessment reductions for each of the new businesses
that will locate within the new business park. By contrast, if the developer is
not be able to sell and promote new businesses in the business park, the
developer will be responsible to pay 100% of those assessments. It truly
becomes a win/win situation.
Economic Vitality of the City: The city has not approved a residential
development of more than 50 lots during the past year. Our existing supply of
residential lots continues to dwindle. Although our permit revenues have not
started to plummet, it is reasonable to anticipate that they will during the
course of the next two or three years unless reversal occurs in terms of new
residential subdivisions. The Eden Trace proposal assures the city that our
own economic vitality can reasonably be achieved during a time frame where
residential development is declining; and
Tax Increment Pooling: The refunding that occurred within the primary tax
increment district in 1998 still left a deficit of approximately $2.7 million.
Poolhag dollars from the Hennepin County district to the primary district was
delayed to see what type of economic impact would occur as a result of further
tax rate reductions and tax capacity calculations for 1999. Several meetings
have already occurred with our consultants to determine the likely impact of
further reductions in available tax increment. Now that the tax process is
complete, we should be in a position of reporting our findings within the next
two weeks. Initial calculations will show that the previous deficit of $2.7
million will increase to approximately $5 million. If this is correct, pooling
available tax increment from the Hennepin County district will not be
sufficient to cover the total deficit. Assuredly, we will be back before the
legislature to seek legislative relief in the form of allowing the primary district
to be extended for an additional year (moving from an ending date of 2003 to
2004). Hopefully we can discuss these issues Thursday evening. However, by
establishing the Eden Trace development as a part of a new tax increment
district solely gives us the benefit of having an additional solution to the
$5 million problem should we not be fortunate enough to receive legislative
relief.
RECOMMENDATION
This office would recommend that the EDA authorize staff to prepare an
economic development plan that would encompass the Eden Trace development,
Economic Development Authority
January 20, 1999
Page 3
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including those parcels abutting the South side of Lake Drive. Once the plan is
complete, we will result such to the EDA for approval of initiating the public
hearing processes.
aVo~ NOenanv
l I
C1TYOF
CHANHASSEN
690 ~7 Center Drive, lOBar I47
Chanhasmt, Minnesota 55317
Phone 612.93Z 1900
C. ou'ral F~' 612.93Z5739
Engineering Fax' 612.93Z9152
Public ~ I:~' 612934.2524
Web wwu,.d, dmdmssen, mn. us
TO: ~,cono~c Dewtorm~m A~~
FROM:
DATE:
~ber 30, 1998
Consider TIF AssiStance for Phase IH Rn~cmt Project
This item was tabled at our last EDA meeting and smffwas asked to get additional
information fi'om Mr. Copela~t re~ the following imm: '
1.)
Breakdown of Ownexship
2.) Explain in detail why the appu~t filed for tmnh'uPtcy.
a.) lVlr. Cz~peland filled out the original application incorrectly. None of
the parmers have ever beea involved in.a bankruptcy or loan default.
·
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3.) Explain in detail thc public'purposo of why the EDA should consider giving
a.) Mr. Cope]and's .rcspo~ is contained in A__ttachmcmt #l.
.
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proposed total payments of $2,32~;827.- Under the old proposal the bowling center
redevelopment was scheduled to make $(,~5,000 worth of public im!vovcmcnts
(boardwa~ parking lot, and faca~ i' ,repro. 'v~~). Th~ EDA Would then r~y
Mr. Copeland 31.8675% (42.49% minus Adm. 10% and additional cost of 15% =
31.8675%) of the available Tax Increment gencraU~ from the following projects:
...
· Timber Lounge R.cdev~~~ ' '
..
· Hotel Expansion'
· Bloomberg CompaNes Red~eiopm~nt
· Movie Theatar Phase'I
· lncre~em that would be ~ from
Bowling Cent~ l~development .' -'
·
est. $19,057
esl $64,9O4
¢~L $30,927
est. $40,458
~sL $30,927
TOTAL IN~ . $186,273
.,
l'he O'O of Cl~o~. A ~wine community with dean Ides. anal~, Zl,~ool~ a char, nine do~ntrv.,n: thrivine b~neue~, and beautiful ~es. A vau ~l~ t~ h've, work.
Economic Development Authority
December 30, 1998
Page 2
The total available increment would be and estimated $182,169. If you take the $182,169 and
multiply it by the 31.8675%, the bowling center'would receive approximately $58,000 per year in
increment over 21 years.
How did we come up with a total payment of $2,326,8277 This total includes 9% interest based on
the principal amount of $665,000 for the original improvements that Mr. Copeland would have to
pay up front. The EDA would then potentially pay for those.improvements over the next twenty-
one years. I saypotentially because if Mr. Copeland's taxes do not increase by 9%,' he does not
receive the additional money and that is why they call it "pay as you go." You only get what is
staff was directed to sit down with Mr. Copeland'and .figure. out a way to decrease the TIF
assistance. Staff met with Mr. Copeland On December 17, 1998, to discuss alternative funding
options. The agreed upon alternative was to convert the existing expansion project as a stand alone
"pay as you go" project and not include them as a part of the pool. This works as follows:
Est. Tax Est. New
That Will Taxes Proposed Proposed
Continue to Generated Number of Total Taxes Total Total Difference
be Paid to fi'om the Years to Pay Per' Payments Payments fi'om
SchooL, New OffDebt Development Under the Under the Old
County, and Development's " "Old Deal" "New Deal" New
Clt), "Increment"
Movie/Retail $67,000 $105,000 12 years' $174,0~)0 $2,326,827 $1,389,854 $936,973
($665,000) (~ anae. hmm ~)
Extstlng $20,000' $40,000 21 years $~),000 '- $1,889,454 $1,066,319' $823,135
Movie {$540,000) (~ atmhm~ ~)
Totals $8~',000. $145,000 $234~899 $~216~281 $2,456,173 _i $1,706,108
Listed below you will find staff's list of Advantages and Disadvantages:
ADVANTAGES
.1.)
Improve the overall aesthetics of this 'area immediatelT, then wait a minimum of two years
for another potential development.
· .
2.)
Enhance the City's night and weekend activities in drawing over 250,000 patrons each year.
3.)
4.)
Provide 10,000 square feet of additional retail.
Providing TIF assistance ensures that building materials are of.higher standards than what
our ordinance would require. --
5.) Improve utilization of the property.
Economic Development Authority . ..-..-.. ..
December 30, 1998 -' : ..
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6.) Each project would be "pay as ~ go" Wi.'tlx~ sharing the Tax ~e~t fi-om Timber
Lodge and Hotel ~ion -. ....
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DISADVANTAGES
1.)
2.)
3.)
Loss of bowling in our community as a recreational activity (may be'inevitable!).
~ncreaso in traffic (good and bad)
RECOMMENDATION
.
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SImT would recomme~ approval ~f Pri~ Rede~eiopm~nt'~m~tt for Phase H (Mo~~)
with Chanhassen Cinoma, LLC and thoir r~lUeSt, for $1,389,854 in City assistmaee and modify the
~dsting Private Redevelopment for Phase I (existing movie) with Chauhassen Cinema, 15~ and
reducing the Limited Revenue Note to $1,066,319.
ATFACHMENTS
2.)
3.)
4.)
Movie/Retail Payment Schedule.' .". .-
Existing Movie Payment Schedule."
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EDA Minutes dated November 19, 1998.
g:~:lmin~3inemaT1FAssist
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CHANHASSEN CINEMA, LLC
5300 Hyland Greens Drive, Suite 200
Bloomington, M3T 55437
832-5302
December 30, 1998
Mr. Todd Gerhardt
City of Chanhassen
690 City Center Dr.
Chanhas~ MN 55317
Re: Cinema Addition and Retail Project
Dear Todd:
As the "But-For" Analysis Worksheet shows, TIF is required to make the addition to the
Chanhassen Cinema economically feasible. The addition would provide the following
benefits to the City of Chanhassen and its residents:
1. It would replace the eyesore that is the bowling building with a new, attractive building
that everyone can be proud of. The addition would also meet all codes as opposed to the
existing bowling building.
2. It would increase the economic activity in Chanhassen by bringing about 250,000
additional people annually to downtown. This is in addition to the approximately 250,000
people which will visit the existing eight screen cinema annually.
3. Chanhassen businesses want the addition. Of 25 businesses surveyed, 20 answered
"YES" to the question "Do you think the addition of eight more screens doubling the
number of people attending the cinema would help your business?" The others felt it
would be good for the community. See copies of the survey responses that are attached.
4. The city would gain additional taxes revenues in several ways. The city would receive a
portion of the tax increment generated by the addition from day one. The city will also get
more of the tax increment generated by the hotel and convention center from day one.
After the TIF note is repaid, the city will receive all of the tax increment generated by the
addition. Further, all tax revenues from the retail building would $o the city and county
from day one.
5. It would insure the long term survival of the existing cinema.
· ·
i
Todd Gerhardt
December 30, 1998
Page 2 of 2
6. It would help keep C~ teenagers closer to home.
Please let me know if you need any additional information
Sincerely,
Robert 1~ Copeland
· ·
December, 1998
CItANHASSEN CINEMA
570 Pauly Drive
Chanhassen, MN 55317
832-5302
Dear Chanhassen Business Manager:
Would you please help us? It will only take a minute of your time and we have a gift for
you in return.
The Chanhassen Cinema opened with eight screens earlier this year in March. We are on a
pace to bring over 230,000 customers per year to downtown Chanhassen.
We are currently trying to get approval from the City of Chanhassen and its Economic
Development Authority to demolish the adjacent bowling building and add eight more
screens along with a new lobby. This expanded cinema would bring close to 500,000
customers to downtown Chanhassen in a year.
Please answer the fbllowing two questions and return this letter to us in the enclosed,
stamped envelo0e.
i. Has the existing cinema helped your busincss?_.,~__Y-ES
Comments:
~.NO
2. Do you think the addition of eight more screens doubling the number of' people
attending the cinema would help your business? ]kC.' YES ~NO
Comments: / '
Please send this letter to us by December 11, 1998. Thank you for your help. Use the
enclosed pass for two people to attend a movie at any time.
Sincerely,
Robert R. Copeland
President
CHANHASSEN CINEMA
570 Pauly Drive
Chanhassen, MN 55317
832-5302
December, 1998
f
Dear Chanhassen Business Manager:
Would you please help us? It will only take a minute of your time and we have a gift for
you in return.
The Chanhassen Cinema opened with eight screens earlier this year in March. We are on a
pace to bring over 230,000 customers per year to downtown Chanhassen.
We are currently trying to get approval from the City of Chanhassen and its Economic
Development Authority to demolish the adjacent bowling building and add eight more
screens along with a new lobby. This expanded cinema would bring close to 500,000
customers to downtown Chanhassen in a year.
Please answer the following two questions and return this letter to us in the enclosed,
stamped envelope.
NO
I. H astheexistingcinemahelpedyourbusiness? V YES
Comments: ~/~'~ _~~/_~J~_,~ -
. _ _ . .
2. Do you think the addition of eight more screens doubling the number of people
a ttendingthecinema w l dhelp y o~.~~~.~._.~.YES NO
Comments' o~. . ~'~'~""
.
Please send this letter to us by December 11, 1998. Thank you for your help. Use the
enclosed pass for two people to attend a movie at any time.
Sincerely,
Robert R. Copeland
President
Dec, embeq 1998
CHANHASSEN CINEMA
570 Pauly Drive
Chanhassen, MN 55317
832-5302
Dear Chanhassen Business Manager:
Would you please help us? It will only take a minute of your time and we have a git~ for
you in return.
The Chanhassen Cinema opened with eight screens earlier this year in March. We are on a
pace to bring over 230,000 customers per year to downtown Chanhassen.
We are currently trying to get approval from the City of Chanhassen and its Economic
Development Authority to demolish the adjacent bowling building and add eight more
screens along with a new lobby. This expanded cinema would bring close to 500,000
customers to downtown Chanhassen in a year.
Please answer the following two questions and return this letter to us in the enclosed,
stamped envelope.
1. Has the existing cinema helped your business? _
Comments:
YES ~.NO
2. Do you think the addition ofeight more screens d,ou~ling the number of people
attending the cinema would help your business? v' .YES .NO
Comments:...- .~.~/ ' .~"~ ' ,,n---"- , ,,",o~,--t.. ,.Z?-c,f,K:~~,.-- "'----
enclosed pass for two people to attend a movie at any time.
Sincerely,
Robert R. Copeland
President
December, 1998
CHANHASSEN CINEMA
570 Pauly Drive
Chanhassen, 1VIN 55317
832-5302
Dear Chanhassen Business Manager:
Would you please help us? It will only take a minute of your time and we have a gif~ for
you in return.
The Chanhassen Cinema opened with eight screens earlier this year in March. We are on a
pace to bring over 230,000 customers per year to downtown Chanhassen.
We are currently trying to get approval from the City of Chanhassen and its Economic
Development Authority to demolish the adjacent bowling building and add eight more
screens along with a new lobby. This expanded cinema would bring close to 500,000
customers to downtown Chanhassen in a year.
Please answer the following two questions and return this letter to us in the enclosed,
stamped envelope.
1. Has the existing cinema helped your business?
Comments:
YES ~.NO
2. Do you think the addition of eight more screens doubling the number of people
attending the cinema would help your business? __YES NO
Comments:
Please send this letter to us by December 11, 1998. Thank you for your help. Use the
enclosed pass for two people to attend a movie at any time.
Sincerely,
Robert R. Copeland
President
December, 1998
CHANHASSEN CINEMA
570 Pauly Drive
Chanhassen, MN 55317
832--5302
Dear Chanhassen Business Manager:
Would you please help us? It will only take a minute of your time and we have a gift for
you in return.
The Chanhassen Cinema opened with eight screens earlier this year in March. We are on a
pace to bring over 230,000 customers per year to downtown Chanhassen.
We are currently trying to get approval from the City of Chanhassen and its Economic
Development Authority to demolish the adjacent bowling building and add eight more
screens along with a new lobby. This expanded cinema would bring close to 500,000'
customers to downtown Chanhassen in a year.
Please answer the folloMng two questions and return this letter to us in the enclosed,
stamped envelope.
1. Has the existing cinema helped your business?_ v/YES _NO
Comments:
2. Do you think the addition of eight more screens doub!ing the nu. mber of people
attending the cinema would help your business? ~//YES NO
Comments:
Please send this letter to us by December 11, 1998. Thank you for your help. Use the
enclosed pass for two people to attend a movie at any time.
Sincerely,
Robert R. Copeland
Presiden!
Dr. Don=id W. Krl~t~n~on
CHIROPRACTOR
Chanhassen Chiropractic Center
680 West 78th Street
Chanhassen, Minnesota 55317
Telephone (612) 934-4500
'12/9/98
MR. ROBERT COPELAND
CHANHASSEN CINEMA
5300 HYLAND GREENS DRIVE #200
BLOOMINGTON, MN 55437
DEAR MR. COPELAND,
I DON'T BELIEVE THERE HAS BEEN A DIRECT INCREASE, BUT WE,
OUR EMPLOYEES AND MANY PATIENTS HAVE ENJOYED YOUR FACILITY.
THE MORE PEOPLE UTILIZING LOCAL BUSINESS HAS TO HELP ALL
OF US. GOOD LUCK.
IF YOU NEED MORE HELP, PLEASE PHONE.
SINCERELY,
DR. DONALD KRISTENSON
December, 1998
CHANHASSEN CINEMA
570 Pauly Drive
Chanhassen, MN 55317
832-5302
Dear Chanhassen Business Manager:
Would you please help us? It will only take a minute of your time and we have a gift for
you in return.
The Chanhassen Cinema opened with eight screens earlier this year in March. We are on a
pace to bring over 230,000 customers per year to downtown Chanhassen.
We are currently trying to get approval from the City of Chanhassen and its Economic
Development Authority to demolish the adjacent bowling building and add eight more
screens along with a new lobby. This expanded cinema would bring close to 500,000
customers to downtown Chanhassen in a year.
Please answer the following two questions and return this letter to us in the enclosed,
stamped envelope.
1. Has the existing cinema heip~d yoar business? YES .NO
Comrq~nt~ . A.~ .~-~,4 .. ~ 'i ~ .¢,.o.~ -~,. g ~ ~~--.~...,
2. Do you think the addition of eight more screens 0ou. bling the number of people
attending the cinema would help your business? x//x YES NO
Comments: ~/ \
Please send this letter to us by December 11, 1998. Thank you for your help. Use the
enclosed pass for two people to attend a movie at any time.
Sincerely,
Robert R. Copeland
President
December, 1998
CHANHASSEN C-3]N'EMA
570 Pauly Drive
Chanhassen, IVIN 55317
832=5302
Dear Chanhassen Business Mansger:
Would you please help us? It will only take a minute of your time and we have a gift for
you in return.
The Chanhassen Cinema opened with eight screens earlier this year in March. We are on a
pace to bring over 230,000 customers per year to downtown Chanhassen.
We are currently trying to get approval from the City of Chanhassen and its Economic
Development Authority to demolish the adjacent bowling building and add eight more
screens along with a new lobby. This expanded cinema would bring close to 500,000
customers to downtown Chanhassen in a year.
Please answer the following two questions and return this letter to us in the enclosed,
stamped envelope.
1. Has the existing cinema helped your business? X YES
· ·
-
~NO
2. Do you think the addition of eight more screens doubling the number of people
attending the cinema would heir> your business? ~ YES BIO
Comments: 'W'he_ o.c &e'ck
· ..,..) -
Please send this letter to us by December 11, 1998. Thank you for your help. Use the
enclosed pass for two people to attend a movie at any time.
Sincerely,
Robert R. Copeland
President
December, 1998
CHANHASSEN CINEMA
570 Pauly Drive
Chanhassen, MN 55317
832-5302
Dear Chanhassen Business Manager:
Would you please help us? It will only take a minute of your time and we have a gift for
you in return.
The Chanhassen Cinema opened with eight screens earlier this year in March. We are on a
pace to bring over 230,000 customers per year to downtown Chanhassen.
We are currently trying to get approval from the City of Chanhassen and its Economic
Development Authority to demolish the adjacent bowling building and add eight more
screens along with a new lobby. This expanded cinema would bring close to 500,000
customers to downtown Chanhassen in a year.
Please answer the following two questions and return this letter to us in the enclosed,
stamoed envelope.
1. Has the existing cinema helped your business? ~ .YES
Comments:
NO
2. Do you think the addition of eight more screens doubling the number of people
attending the cinema would help your business.'? f:'~ YES ~.NO
Comments:
Please send this letter to us by December 11, 1998. Thank you for your help. Use the
enclosed pass for two people to attend a movie at any time.
Sincerely,
Robert R. Copeland
President
Dec, ember, 1998
CI~ANItASSEN CINEMA
570 Pauly Drive
Chanhassen, M~ 55317
832-5302
Dear Chanhassen Business Manager:
Would you please help us? It will only take a minute of your time and we have a gift for
you in return.
The Chanhassen Cinema opened with eight screens earlier this year in March. We are on a
pace to bring over 230,000 customers per year to downtown Chanhassen.
We are currently trying to get approval from the City of Chanhassen and its Economic
Development Authority to demolish .the adjacent bowling building and add eight more
screens along with a new lobby. This expanded cinema would bring close to 500,000
customers to downtown Chanhassen in a year.
Please answer the following two questions and return this letter to us in the enclosed,
stamped envelope.
I. Has the existing cinema helped your business?
Comments:
YES ~NO
2. Do you think the addition of' eight more screens doubling the number of people
attending the cinema would help your business? "V-,,, YES NO
Comments:
Please send this letter to us by December 11, 1998. Thank you for your help. Use the
enclosed pass for two people to aitend a movie at any time.
Sincerely,
Robert R. Copeland
President
December, 1998
CHANHASSEN CINEMA
570 Pauly Drive
Chanhassen, MN 55317
832-5302
Dear Chanhassen Business Manager:
Would you please help us? It will only take a minute of your time and we have a girl for
you in return.
The Chanhassen Cinema opened with eight screens earlier this year in March. We are on a
pace to bring over 230,000 customers per year to downtown Chanhassen.
We are currently trying to get approval from the City of Chanhassen and its Economic
Development Authority to demolish the adjacent bowling building and add eight.more
screens along with a new lobby. This expanded cinema would bring close to 500,000
customers to downtown Chanhassen in a year.
Please answer the following two questions and return this letter to us in the enclosed,
stamped envelope.
1. Has the e.xis~ting cinema heipcd your business? fi/YES ~.NO
Comments:_~,~O-~ ~Z~__~ 0(.Z/~'~~~C~_A . .
2. Do you think the addition of eight more screens d,ou,~g the number of people
attending the cinema would help your business? _ 'v" _YES _ _NO,
Comments:__L~~.L/,~C/~, ,vt'._-/-~
Please send this letter to us by December 11, 1998. Thank you for your help. Use the
enclosed pass for two people to attend a movie at any time.
Sincerely,
Robert R. Copeland
President
December, 1998
CItAN~SSEN CINEMA
570 Pauly Drive
Chanhassen, MN 55317
832-5302
Dear Chanhassen Business Manager:
Would you please help us? It will only take a minute of your time and we have a gift for
you in return.
The Chanhassen Cinema opened with eight screens earlier this year in March. We are on a
pace to bring over 230,000 customers per year to downtown Chanhassen.
We are currently trying to get approval from the City of chanhassen and its Economic
Development Authority to demolish the adjacent bowling building and add eight more
screens along with a new lobby. This expanded cinema would bring clo~e to 500,000
customers to downtown Chanhassen in a year.
Please answer the following two questions and return this letter to us in the enclosed,
stamped envelope.
1. Has the existing cinema helped your business? '~YES ~.NO
Comments:
2. Do you think the addition of eight more screens doubling the number of people
attending the cinema would help your business? ,"~' YES NO
Comments: ,.'~ ..~',-/~: ,::
_/
Please send this letter to us by D.ecember 1 !, 1998. Thank you for your help. Use the
enclosed pass for two people to attend a movie at any time.
Sincerely,
Robert R. Copeland
President
December, 1998
CHANHASSEN CINEMA
570 Pauly Drive
Chanhassen, MN 55317
832-5302
Dear Chanhassen Business Manager:
Would you please help us? It will only take a minute of your time and we have a gift for
you in return.
The Chanhassen Cinema opened with eight screens earlier this year in March. We are on a
pace to bring over 230,000 customers per year to downtown Chanhassen.
We are currently trying to get approval from the City of Chanhassen and its Economic
Development Authority to demolish the adjacent bowling building and add eight more
screens along with a new lobby. This expanded cinema would bring close to 500,000
customers to downtown Chaahassen in a year.
Please answer the following two questions and return this letter to us in the enclosed,
stamped envelope.
1. Has the existing cinema haiDed your business? V/YES NO
Comments:
2. Do you think the addition of'eight more screens doubl~g the number of people
attending the cinema would help your business? ~ YES NO
Comments:
Please send this letter to us by December 1 I, 1998. Thank you for your help. Use the
enclosed pass for two people to attend a movie at any time.
Sincerely,
Robert R. Copeland
President
December, 1998
CHANIIASSEN CINEMA
570 Pauly Drive
Chanhassen, MN 55317
832-530:2
Dear Chanhassen Business Manager:
Would you please help us? It will only take a minute of your time and we have a girl for
you in return.
The Chanhassen Cinema opened with eight screens earlier this year in March. We are on a
pace to bring over 230,000 customers per year to downtown Chanhassen.
We are currently trying to get approval fi.om the City of Chanhassen and its Economic
Development Authority to demolish the adjacent bowling building and add eight more
screens along with a new lobby. This expanded cinema would bring close to 500,000
customers to downtown Chanhassen in a year.
Please answer the following two questions and return this letter to us in the enclosed,
stamped envelope.
1. Has the existing cinema helped your business? YES V NO
Comments:
2. Do you think the addition of eight more screens doubling the number of people
attending the cinema would help your business? ~YES v NO
Comments: .~_~,~ ~q'_~-~ ~ .,~,~,~-- ?.~,.-~__ ~---_~?~-~.; t..~
Please send this letter to us by December 11, 1998. Thank you for your help. Use the
enclosed pass for two people to attend a movie at any time.
Sincerely,
Robert R. Copeland
President
December, 1998
CRANHASSEN CINEMA
570 Pauly Drive
Chanhassen, MN 55317
832-5302
Dear Chanhassen Business Manager:
Would you please help us? It will only take a minute of your time and we have a giit for
you in return.
The Chanhassen Cinema opened with eight screens earlier this year in March. We are on a
pace to bring over 230,000 customers per year to downtown Chanhassen.
We are currently trying to get approval from the City of Chanhassen and its Economic
Development Authority to demolish the adjacent bowling building and add eight more
screens along with a new lobby. This expanded cinema would bring close to 500,000
customers to downtown Chanhassen in a year.
Please answer the following two questions and return this letter to us in the enclosed,
stamped envelope.
1. Has the existing cinema helped your business?_~
Comments:
?.
YES ~.NO
2. Do you think the addition of eight more screens ocl~ling the number of people
attending the cinema would help your business? ~ YES NO
Comments:
Please send this letter to us by D0cember 11, 1998. Thank you for your help. Use the
enclosed pass for two people to attend a movie at any time. ~ L-~
Sincerely,
Robert R. Copeland
President
CHANHASSEN CINEMA
570 Pauly Drive
Chanhassen, MN 55317
832-5302
December, 1998
Dear Chanhassen Business Manager:
Would you please help us? It will only take a minute of your time and we have a gii~ for
you in return.
The Chanhassen Cinema opened with eight screens earlier this year in March. We are on a
pace to bring over 230,000 customers per year to downtown Chanhassen.
We are currently trying to get approval from the City of Chanhassen and its Economic
Development Authority to demolish the adjacent bowling building and add eight more
screens along with a new lobby. This expanded cinema would bring close to 500,000
customers to downtown Chanhassen in a year.
Please answer the following two questions and return this letter to us in the enclosed,
stamped envelope.
1. Has the existing cinema helped your business? YES .~- NO
Comments:
2. Do you think the addition of eight more screens d~rjbling the number of pe(~ple
attending the cinema would help your business? /Xx. YES NO
Comments:
Please send this letter to us by December 11, 1998. Thank you for your help. Use the
enclosed pass for two people to attend a movie at any time.
Sincerely,
Robert R. Copeland
President
December, 1998
CHANHASSEN CINEMA
570 Pauly Drive
Chanhassen, MN 55317
832-5302
Dear Chanhassen Business Manager:
Would you please help us? It will only take a minute of your time and we have a gif~ for
you in return.
The Chanhassen Cinema opened with eight screens earlier this year in March. We are on a
pace to bring over 230,000 customers per year to downtown Chanhassen.
We are currently trying to get approval from the City of Chanhassen and its Economic
Development Authority to demolish the adjacent bowling building and add eight more
screens along with a new lobby. This expanded cinema would bring close to 500,000
customers to downtown Chanhassen in a year.
Please answer the following two questions and return this letter to us in the enclosed,
stamped envelope.
'-A-
lHas 'the ex_isting cinema h~ip~d youc ousmess. YES NG
Comments: ..............
2. Do you think the addition of eight more screens dpubling the number of people
attending the cinema would help your business? /.~ YES NO
Comments:, '- ~ ~
Please send this letter to us by December 11, 1998. Thank you for your help. Use the
enclosed pass for two people to attend a movie at any time.
Sincerely,
Robert R. Copeland
President
December, 1998
CltANIIASSEN CINEMA
570 Pauly Drive
Chanhassen, MN 55317
832-5302
Dear Chanhassen Business Manager:
Would you please help us? It will only take a minute of your time and we have a gffi for
you in return.
The Chanhassen Cinema opened with eight screens earlier this year in March. We are on a
pace to bring over 230,000 customers per year to downtown Chanhassen.
We are currently trying to get approval from the City of chanhassen and its Economic
Development Authority to demolish the adjacent bowling building and add eight more
screens along with a new lobby. This expanded cinema would bring cloae to 500,000
customers to downtown Chanhassen in a year.
Please answer the f011owing two questions and return this letter to.us in the enclosed,
stamped envelope.
I. Has the existing cir/ema helped your business? ~ YES NO
2. Do you think the addition of eight more screens doubling the number of people
attending the cinema would help your business? ~ YES ' NO
Comments:
Please send this letter to us by December I 1, 1998. Thank you for your help. Use the
enclosed pass for two people to attend a movie at any time.
Sincerely,
Robert R. Copeland
President
December, 1998
CItAN~SSEN CINEMA
570 Pauly Drive
Chanhassen, MN 55317
832-5302
Dear Chanhassen Business Manager:
Would you please help us? It will only take a minute of your time and we have a gift for
you in return.
The Chanhassen Cinema opened with eight screens earlier this year in March. We are on a
pace to bring over 230,000 customers per year to downtown Chanhassen.
We are currently trying to get approval from the City of Chanhassen and its Economic
Development Authority to demolish the adjacent bowling building and add eight more
screens along with a new lobby. This expanded cinema would bring close to 500,000
customers to downtown Chanhassen in a year.
Please answer the following two questions and return this letter to us in the enclosed,
stamped envelope.
1. Has the existing cinema helped your business?&YES ~.NO
Comments:_
2. Do you think the addition of eight more screens doubling the number of people
attending the cinema would help yo.ur business? )(/' YES NO
Comments: ~" ~-~
Please send this letter to us by December 11, 1998. Thank you for your help. Use the
enclosed pass for two people to attend a movie at any time.
Sincerely,
Robert R. Copeland
President
December, 1998
CI/A~SSEN CllgEMA
570 Pauly Drive
Chanhassen, M/~ 55317
832-5302
Dear Chanhassen Business Manager:
Would you please help us? It will only take a minute of your time and we have a gift for
you in return.
The Chanhassen Cinema opened with eight screens earlier this year in March. We are on a
pace to bring over 230,000 customers per year to downtown Chanhassen.
We are currently trying to get approval from the City of Chanhassen and its Economic
Development Authority to demolish the adjacent bowling building and add eight more
screens along with a new lobby. This expanded cinema would bring close to 500,000
customers to downtown Chanhassen in a year.
Please answer the following two questions and return this letter to us in the enclosed,
stamped envelope.
1. Has the existing cinema helped your business?
Comments:
ws v/NO
2. Do you think the addition of eight more screens doubling the numb~ of people
attending the cinema would help your business? .YES l/ NO
Comments:
Please send this letter to us by D~;ember 11, 1998. Thank you for your help. Use the
enclosed pass for two people to attend a movie at any time.
Sincerely,
Robert R. Copeland
President
December, 1998
CHANHASSEN CINEMA
570 Pauly Drive
Chanhassen, MN 55317
832-5302
Dear Chanhassen Business Manager:
Would you please help us? It will only take a minute of your time and we have a gift for
you in return.
The Chanhassen Cinema opened with eight screens earlier this year in March. We are on a
pace to bring over 230,000 customers per year to downtown Chanhassen.
We are currently trying to get approval from the City of Chanhassen and its Economic
Development Authority to demolish the adjacent bowling building and add eight more
screens along with a new lobby This expanded cinema would bring close to 500,000
customers to downtown Chanhassen in a year.
Please answer the following two questions and return this letter to us in the enclosed,
stamped envelope.
1 Has the existing cinema helped your business..
Comments:
NO
2. Do you think the addition of eight more screens d_~ot)bling the number of people
attending the cinema would help your busir~ess? .l.r~":-- YES .... NO
Comments:
Please send this letter to us by December 11, 1998. Thank you for your help. Use the
enclosed pass for two people to attend a movie at any time.
Sincerely,
Robert R. Copeland
President
December, 1998
CHANHASSEN CINEMA
570 Pauly Drive
Chanhassen, MN 55317
832=5302
Dear Chanhassen Business Manager:
Would you please help us? It will only take a minute of your time and we have a ~ for
you in return.
The Chanhassen Cinema opened with eight screens earlier this year in March. We are on a
pace to bring over 230,000 customers per year to downtown Chanhassen.
We are currently trying to get approval fi.om the City of Chanhassen and its Economic
Development Authority to demolish the adjacent bowling building and add eight more
screens along with a new lobby. This expanded cinema would bring close to 500,000
customers to downtown Chanhassen in a year.
Please answer the following two questions and return this letter to us in the enclosed,
stamped envelope.
1. Has the existing cinema helped your business?__~._YES NO
Comments:
2. Do you think the addition of eight more screens d~ling the number of people
attending the cinema would help your business? fiX, YES .NO
Comments:
Please send this letter to us by December 11, 1998. Thank you for your help. Use the
enclosed pass for two people to attend a movie at any time.
Sincerely,
Robert R. Copeland
President
5'70 Pauly Drive
832..S302
Dezr Ch~'~us.,~ B~~ l~er:
Would you plebe help us? I~ will only take a nlJnu~ of),otlz' l:Jlzle alii] wi h~vc a ~ for
you in return.
The Cbeuh~ Ch:ema opened with eight scrc~as earlier this ,ve~ in lV~u-ch. We are on a
p~.,e ~o brl~ over 2~0,000 customers p~ year to dos~ ~~.
We are c~'l'~y ~ to get approval from the City of Ch~nh~ ~ud its Economic
Devdcrpmem Authod~- to demolish the e:tjaoent bowling h~Idiz~8 ~nd ~M eight mom
screen~_ s alon~ ~ s ~W lobby. T~s exp~ c~ wo~d ~ ~1o~ to 5~,~
~stomera ~o do~to~ C~~n in a y~.
Ple~ send this letter to us by Decerabec [ 1. 1998. Thank you for your help. Use the
enclosed pass ~or two people to attend a movie at any time.
$inea~y,
Robert IL C~p~l~d
Pre,dent
December, 1998
CltANllASSEN CINEMA
570 Pauly Drive
Chanhassen, MN 55317
832-5302
Dear Chanhassen Business Manager:
Would you please help us? It will only take a minute of your time and we have a gift for
you in return.
The Chanhassen Cinema opened with eight screens earlier this year in March. We are on a
pace to bring over 230,000 customers per year to downtown Chanhassen.
We are currently trying to get approval fi.om the City of chanhassen and its Economic
Development Authority to demolish the adjacent bowling building and add eight more
screens along with a new lobby. This expanded cinema would bring clo~e to 500,000
customers to downtown Chanhassen in a year.
Please answer the folio.wing two questions and return this letter to us in the enclosed,
stamped envelope.
1. Has the existing cinema helped your business? ~ YES
Comments: ~ 'i~¢,a~ ct' tq~. ~,,~ ~
~NO
2. Do you think the addition of eight more screens doubling the number of people
attending the cinema would help your business.9 )( YES ~NO
Comments:
Please send this letter to us by D.ecember 11, 1998. Thank you for your help. Use the
enclosed pass for two people to attend a movie at any time.
Sincerely,
Robert R. Copeland
President
CHANHASSEN CINEMA
570 Pauly Drive
Chanhassen, MN 55317
832-5302
December, 1998
Dear Chanhassen Business Manager:
Would you please help us? It will only take a minute of your time and we have a gift for
you in return.
The Chanhassen Cinema opened with eight screens earlier this year in March. We are on a
pace to bring over 230,000 customers per year to downtown Chanhassen.
We are currently trying to get approval from the City of Chanhassen and its Economic
Development Authority to demolish the adjacent bowling building and add eight more
screens along with a new lobby. This expanded cinema would bring close to 500,000
customers to downtown Chanhassen in a year.
Please answer the following two questions and return this letter to us in the enclosed,
stamped envelope.
· ~,:-- ' ~ YES .NO
1 Has the existing cinecr:.a ,_...oeo, your business? . ___
Comment~:_/ /: ( ....
2. Do you think the addition of eight more screens doubling the nuxm~er of people
attending the cinema would help your business? YES .M. NO
Comment~' ... .
,
' , .. ~.d.d-C.~.c.~: .
Please send this letter to us by December 11, 1998. Thank you for your help. Use the
enclosed pass for two people to attend a movie at any time.
Sincerely,
Robert R. Copeland
President
~2/30/98 ~ Z4:29 PAX 6~2 832 $30!
·
C0PELAND BUILDING
~002
CHANHA~SEN CINEMA, LLC
S300 Hybrid Greens Drive, Suite 200
Bloominrton, MN SS437
832-530'2
November 2O, 199S
Mr. Todd Crer~..rdt
69o city ccn Dr.
Chanhassen, MN 55317
Dear Todd:
In accordance with our phone conversation today, the tbllowlng is a list of the items
need to be addres~:l for the next EDA meeting on Decem~ bet 17, 1998:
1. LIST OF OWNERS: Thc owners arc Bob Copeland, Ray ~ Jr. aad Mike
Dclhury.
2. BANKRUPTCY~~ DEFAULT: I filled out the ori2~! eppHca~on form
incorre~y. None of us has ever been involved in a 10v, tdm]ptcy or loan default. I hgve
fax~d a conectexi application form to you.
3. BENEFIT TO Trr~, COMMUNITY: We will expand cra this for the next mee~-g.
4. TIMING OF ~ RETAIl, PORTION: We agree to do the retail at the same
time as the cinema.
LOWER TIF: This sotmds like a ~. You and I arc sdm&fled to
mceting at 2:00 pm on Tuesday, Dccembe~ 1, 1998 to discuss the ~.
Please lctme Imow immedi~ely ifthe above list isnot correc~ ornot compS. Also, isa
special meeting posm~le? If not, would you please be sure that wc are on the a~eada for
~er 17, 19987 Thnnks for your help.
Sincerely,
COPELAND BUILDING ~ 000
12/~0/98 WED 14:~0 FA~ 612 832 5~01
COPELAND
BUILDING
CORPORATION
5300 Hyland Greenl Drive
Suite 200
Bl~omlngton, Minneeota 554:37
(612) 832-.~02
(612) 832.5301 Fax
FAX TRANSMITTAL
.PAGES (I]~CLUDING THIS PAGE)
.____..~R YOUR KEVIEW & COMMENT
.... _.ORIGINAL TO FOLLOW IN MAIL
WE ARE SENDING
_~__FOR YOUR INFORMATION
~ _FOR YOUR USE
___~__~R YOUR A~PROVAL
YOU!
I:IUILDING 01JAI.ITY
12/30/98 WED 14:30 FAX $12 832 $301 COPELAND BUILDING ~004
CITY OF CHANHASSEN
APPLICATION t~OR TAX INCREMENT FINANCING
I Il I I
Pauly l~rive, Chanhasmm
Type('P~ rmership, em.); ~
Telephone:_. 612-832-5302
Na~ ol'Businea~: Cirmm/l~.ail
_ ·
m.vrony OF_~PlUdC,~
1. Have you ever fried bankruptcy?, Yea. No X _
If yes, provide details on separate sh~.
2. Hav~ you ever defllult~d on any limn commimmnt?, Yes___ No X
If yes, pm~dde details on separ~e sheet
Have you ever mpplled for conventional fiama~ll for the project?. Yes. X.. No
If ye,% provide demil.~ on s~ar~te sheer. Uno, why not?
Project Cost Breakdown:
S..
$
Total:
-.~
Dam: 11--12-9B
.
List financial rcrzren~s: Nam~'Addra~Conmc~
a. C~nt_m~_ ~:~n~. ar,~3_ 01~!-_,
5. Other information pertinent ~o your appil~kml
6. Name of Commcl: Dan Bsudie
MOVIE/RETAIL
PAYMENT SCHEDULE
Attachment #2
._
Rate:
I~.y-A~-You~o Int~r~.t Ram:
25-1t8-00-10 Octal. C4ntlr
25-130-07-00 Ret~dl Pl'~um I
25-195-00-2013orang
~5-195-00-ZI Bowlln~
25-185-00~.~ Mcw~
25-2'/2-00~30ut~t C
25-272-00-20 Outer B
25.272-00.10 Outlot A
T.LF. CA&~ I~.OW ASS~M/~O~ - LOC,M. MATC]/
2.8318%
0.00%
VALUE INFOI~MATION
lB
?~tsl Maut~ T~d Curr~nt
v~ T=x~ . T.~
3.00~
135,000 4,725
974,3OO 34,101
1,['00,000 41,500
13"/',000 4,79~
0 0
0 0
0 0
2,8~1,600 100,,~6
6,882 Pay~
2,001 PayOS
49,~9 Pay 95
e0,,147 Pay06
6,904 PaygS
19,291 Pay96
0 Payg6
0 Ply05
0 paye6
146,175
PRO3F. cr VA/,UE INI~ILMATION
Type of Tax Incref~'N~ DIMdcb New ~eqlt Dt~trlot
PID Toa~J - Tax Manet Da~ Date
Tax~ Cat:tacit~ Value .... .AIRm~a~e Payat~
E;5-195-00-2:0 ~ - Retail .... 173,331 119,000 3,400,000 2000 ~01
25-19.5-.00-30 Movie 0 0 0 0 0
2~1954X)-~ Mov~
TAX INC~ ,I~O1LMATION
__
Base Projeot Capm~ Tax I Am aunt
TaxCapac~/T~.~ T~ ~ ~~I ~ ~
~ 119,~ ~,~ 1~,~1 ~,~
o o o Ol. o
...... ~,~ ...... ~9:~ ~ _.~1 -, ~,~ ~:~.
Perc~t
0,00%
6/10
JA~ 07 '99 83: 13PM EHLERS & ASSOCIATES
TAX INCItEMeNT TOTAL CASH FLOW
ProJe<3t Captured 89mI-Annua] Admln. Aclditlonal
1PERIOD BEGINNING
..¥ ,=.....,u~...
0.0 06-01 1995
0.0 02-01 1996
O,O O8-01 11~)6
0.0 02-01 1887
0.5 08-01 1907
1,0 02-01 1988
lJ 08-01 t998
2.0 ~ 1998
2.5 08-01 1999
3.0 02.01 2OO0
3.5 08-01 200O
4.0 02-01 2001
4.5 0~-01 2001
5.0 02-01 2002
5.5 08.O1 2O02
6,0 02-01 2003
6.5 08-01 2003
7.0 02-01 2O04
7.5 08-01 2OO4
8.0 02.0t 2005
9.0 ~2-01 2006
9.5 ~ 2006
10.0 {32.01 20O7
i
10.5 938-01 2007
11.0 O2-01 2008
11.5 08-0~ 2008
12.0 902-01 2009
12.5 -1)8-01 2O09
13.0 02.01 2010
13.5 08-01 2010
14.0 O2-01 2011
14.5 O8-01 20tt
15.0 O2.01 2012
15.5 08-01 2012
16.0 '02-01 2013
16.5 O8-01 2013
'17.0 02-01 2014
17.6 08-01 2014
16.0 B2.O1 20t5
18.5 08-01 ~015
19.0 02-01 2016
19.5 0~.01 2016
20.0 02-01 2017
20.5 08.01 2017
21.0 02-01 2018
·
21.5 08-01 2018
22.O 02-01 2019
,
22.5 08-01 2019
23.0 02-01 2020
.
23.5 08-01 2020
!24.0 0~-01 ~1
24.~ 08-Ol
T~x
48,295
48,298
46,295
48,295
46,295
48~95
46,295
48,295
48,298
48,205
48,295
46,29~
48,295
46,295
45,2~
46,295
48,296
45,29~
48,295
48,298
48,295
46,295
48,295
46,295
46,295
48,296
40,295
45,295
46,295
46,295
45,295
46,295
46,29E
46,2.95
46 295
45 295
48 295
48 295
46 285
46 295
46 295
46 205
45 295
46 295
46 295
46 295
46 295
46 296
46 295
46 295
48 2~
Tax Tax Gross Tax at Co~1~
Capacity CapacEy Increment 10,25% 15,00%
46,295
46,298
45,295 0 0 0 0
48,295 0 0 0 0
46,295 0 0 0 0
48,295 0 0 0 0
46,295 0 0 0 0
45,29~ 0 0 0 0
46,295 0 0 0 0
46,296 0 0 0 0
48,296 0 0 0 0
119,000 72,705 62,950 ($,427) (7,942)
119,000 72,705 52,950 (5,427) (7',942)
122,370 76,075 ~,404 (8,879) (8,311)
122,370 75,075 55,404 (5,579) (8,311)
12~,838 79,340 57,927 (5,938) (8,~89)
125,835 79,540 57,927 (6,938) (8,889)
129,309 83,104 60,523 (6,~04) (9,079)
129,300 8.'3,104 60,523 (8,204) (9,078)
133,063 85,7~8 ~3,191 (6,477) (9,478)
1 &3,063 86,768 63,1 g 1 (6,477) (9,479)
136,831 90,535 55,935 (5,758) (9,890)
13~,831 90,536 85,935 (6,758)
140,70~ 94,411 S8,757 ('/,046) (10,314)
140,706 94,411 68,757 ('7,048) (10,314)
144,890 98,395 71,8~9 (7,345) (10,749)
144.690 98,395 71,655 (7,345) (10,749}
148,788 102,493 74,643 (7,651) (t 1,196}
148,788 102,493 74,843 (7,651) (11,186)
153,001 105,706 77,712 (7,965) (11,657)
153.001 105,705 77,712 (7,$6~) (11,657)
157,334 t 11,0,39 80,867 (8,288) (12,130)
157,334 t 11,039 80,867 (8,289) (12,130)
151:78~ 115,494 84,112 (8,621) (12,617}
161,789 ~ 15,494 84,11~ (a,621) (12,617}
t 68,370 ~ 20,075 87,449 (8,963) (13,117)
168,370 120,075 87,449 (8.963) (13,117)
t71,082 124,787 90,880 (9,315) (13,632)
171,082 124,787 90,880 (9,315) (13,632)
175,9~ 129,8,31 94,408 (9,677) (14,151)
175.926 129,631 94,408 (9,677) (14,161 )
180,908 134,813 98,038 (10,048) (14,705)
180,908 134,815 98,0~8 (10,049) (14,70~)
186,031 139,738 101,757 (10,431 ) (15,265}
156,03t 138,738 101,787 (10,431) (15,265)
191,2gg 14~,004 105.804 (10,824) (15,841)
161.299 145,004 105,6~ (10,824) (15,841)
100,717 150,422 109,549 (11,229) (16,482)
196,717 150,42.2 109,~49 {11,229) (16,432}
202,28? 1559992 113,~0~ (1t,645) (17,041)
202,287 165,992 113,608 (11,645) (17,041)
208,016 161,721 117,778 (12,072) (17,667}
208,016 161,721 117~...778 (12,072) (17,657} __
Totals 8r465,514 (355,21~)._..._~519, 8271
I Present Valuea N/A N/A N/A
N/A
$emi.AnnuaJ '.~
Net Tax PERIOD ENDING
........ I__r~ ment Yra. Mth,
_o._o
o.o o8-Ol
0 0 0.0 02-01 1997
0 0 0.5 08-01 1997
0 0 1.0 02-Ol 1998
0 0 1.5 08-01 1998
0 0 2.0 02-01 1999
0 0 2,5 08-01 1~9
0 0 3,0 02-01 2OOO
0 0 3,5 08-01 200O
0 0 4.0 02-01 2001
0 39,580 4.$ 08-01 2001
0 39,580 5.0 02-01 200~
0 ¢1,414 6.5 08-01 2002
0 41,414 6,0 02-01 2003
0 4,3,301 6,5 08-01 2003
0 43,301 7.0 02-01 2004
0 45,241 7,5 08.01 2004
0 45,241 6.0 02-01 2005
0 47,23~ 8.~ 05-01 2005
,
0 47,235 9.0 02-01 2006
0 49,28'/ 9.5 08-01 2006
0 49,287 10,0 02-01 2007
0 61,3~6 10.5 08-01 2007
0 51,386 11.0 03-0i 2008
0 53,565 11.5 08-01 2008
0 63,~ 12.0 02-01 2009
0 65,795 12.$ 08-01 2009
0 55,796 13.0 02-01
0 58,090 13,5 08-01
0 58,090 14.0 02-01 201
0 60,448 14.~ 08-01 2011
0 60,448 16.0 02-01 2012
0 ~2,874 15.5 08-01 2012
0 62,874 16.0 02-01 2013
0 ~5,388 16.6 08-01 2013
0 65,388 17.0 03-01 2014
0 67,933 17.5 08-01 2014
o 57,033 t8.o 02-Ol 2o1~
0 70,570 18.5 08.01 2015
0 70,570 19.0 02-01 2016
0 73,292 16.6 08-01 2016i
0 73,282 20.0 02-01 2017~
I
0 76,071 20,5 08-01 2017 j
0 76,071 21.0 02-01 2018
I
0 7e,939 21.8 08-0~ 2018 !
0 78,939 32.0 02-01 20191
0 81,888 22.5 08-01 2019
0 61,888 25,0 02-01 2020
0 84,920 23,5 08-01 2020
0 84,920 24.0 02-01 2021
0 88,039 84,$ 08-01 2021
0 88.039 25,0 02~)1 2022
685,775
CA1D0-02 Prtplmd by Publl~.p Inc, Entar18-A.WK4
P.7/10
Plgl3
0.0 02-01 1996
0.0 08-01 t996
0.0 0~-Ol 1997
0.5 08-01 1997
1.0 0201 1098
1.5 08-01 1998
2.0 0~01 1999
E.5 06-01 1999
3.0 02-01 2000
4.O 02-01 2001
4.~ 0801
5.0 02-01 2002
5.5 08-01 2O02
&0 02.01 2003
7.0 02-01 2{X)4
7.~ 08-01 2004
6.0 02-01 2005
8.E 08-01 2005
9.0 02-01
9.5 08-01 2006
10.0 02-01 2OO7
~:1.0 02-01 2008
11..5 0tF01 2008
12.0 02-01 2009
02-01 2010
~3.6 08.01 2010
1~.0 0~,-01 2011
14.5 06-01 2011
15.0 02-01 2012
15.5 0~-01 2012
16.0 02-01 2013
16.5 08-01 2013
17.0 02-01 2014
17.~ 0~-01 2014
18.0 O2--01 2015
1&6 08-01 2015
19.0 02-01
19.5 08-Ol 2016
2D.0 0~-01 2017
~0.5 08-01 2017
21.0 0201 2018
21.5 06-01 2018
22_0 02-01 2019
22.5 08-01 2019
23.0 02-01 2O20
23.5 08-01 2020
24.0 02-Ol 2021
T~
0
0
0
0
665,000
694,92~
726,197
7~8,875
7~3 445
747 77o
740 00~
731 892
7~1 $~
710 694
~97 434
683 578
~59,631
531,459
501
433,~5
395,321
3~6,021
310,~6
264,075
213,085
159,800
101,6Z3
40,82,6
(o)
(o)
(o)
(o)
(o)
(o)
(o)
(o)
(o)
(o)
(o)
(o)
(o)
,..
0 0 0 0
0 0 0
0 0 0
o o o!
0 0 0'
0 0 0
29,925 0 0
31,272 0 0
3,?.,8'/g 0 0
0 ~4,149 5,430
0 33,90~ 5,676.
0 33,~3 7,71~
0 88,800 8,114I
0 ~..,985 10,38~:
0 32,4~9 10,832
0 31,661 13,259
0 31,386 13,~r6
0 30,7~1 16,474
0 30,020 17,216
0 29,248 20,042
0 ~,343 ~,944
0 27,401
0 26.321 25.075
0 26.192 28,373
0 23,g16 29,6~0
0 22,,581 33,214
0 21,087 34,709
0 17,7~9 40,300
0 15,976 44,472
0 13,97~ 48,474
0 9,5~9 53,285
0 7.191 58,177
0 4,5'73 60,7~
0 1,~7
o (o) o
0 (0) 0
0 (0) 0
0 (0) 0
0 (0) 0
0 (0) 0
0 (0) 0
0 (0) 0
0 (0) 0
0 (0) 0
0 (0) 0
o (o) o
o (o) o
o (o) o
o (o) o
0,000~
,T~ ~.....ng__ I
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0
0
0
0
0
0
0
'0
0
3~,~80
39,580
41,414
41,414
47~5
47,2~
4~,287
49~7
51,396
~,6--/'4
62,874
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Endir~ PERIOD ENDING
BaJance Yrs. Mlh. Yr.
0.0 O2-Ol 1996
0.0 08-01 1996
0 0.0 02-01 1997
0 0.5 08-01 1997
0 1.0 02-01 1998
0 1.5 0801 1~8
0 2.0 0201 1999
0 R.$ 08-01 1999
~,~ 3.0
~,~5 4.0
747,~ S.0 ~1
7~,~ 5~
~1,~ ~0
~1~ 6.5
~0,~ ?.0
~,~ 7.5 ~01
~8 ~0
~,1~ 8.5
~,~ g,0 ~1
~,~ 10.0 ~1 ~7
5~ 10,5
~I.~ 11~
801~ 12.0 ~01
~,~ t2~ ~1
~ 13.0
~,~1 13,5 ~1 20t0
~,~1 14.0 ~1 2011
310~ 14,5 ~0t ~11
~.075 15,0 ~1 ~12
159,~ 16.0 ~1 ~13
1~,~ 16.5 ~1 ~13
~ 17.0 ~1 ~14
(0) 17.5
(0) 18.0 ~1 ~15
(0) t8~
(0) 18.0 ~1 2016
(0) ~0 ~01 ~17
~.5 ~1 ~17
(0) 21.0 ~1
(o) ~1~
~.0 ~1
(0) ~0
(0) ~S
(0) ~.0
~.o..
CAf0D-{~ ~ Dy ~ ma. Entlr18-A,WK4
EXISTING MOVIE
PAYMENT SCHEDULE
Attachment #3
! I
Pay-A~-Ycm-Go Intemat Rate:,
Tax Exte~lon ~
25.272-00-10 OuUot A
rJ.~. c~a ~-~9. w ~ssr~,r~. ows. [x~c~ ~c~
· -
~.8~18%
8.04X~
0.00%
BASE VALUE INFORMATION
Tot~ Mexket Tol~ ~mmt
vatue T~ ~
' 1~,~ ~ ~ .~ ~
~4,~ ~101 ~,~ P~ ~
~,~ 1~ 19~1 ~y ~
0 ........ 0 0 ~
2~1,~ 1~,~ 1~,1~
3.~30%
PROJECT VALUE INFORMATION
PID
25-195-00-~0 ~ - Retail
25-1~D{X)-30 Movie
Total
Total Tax
se, ,7!a 40.~s
v~IW ,A~4a=a~e ,.. Pavane ,..
0 0 0
1,158,288 1998 199~
1,1~,286 .r .,-, _. ,,
25-196-00-20 Mm~ Relail
25-1 g{PO0-30 Movie
Tot-I
TAX IN~ INFORMATION
13~ ~~ ~121 ~l
0 0.0O%
~40,000 100.00%
P~ 94
J~M 07 '99 0~: ilPM EHL~ & RSSOCI~TES
Gib/Of Cl'~nll~len · ENartainmem Genmr - ~ M&tah
TAX INCRF2VI~NT TOTAL CASH IrLOW
Baae Project Captured 8emI-AnnuaJ Admin. Additional
Local
P,3/10
page 2
PERIOD BEGINNING
Yrs. Mth. Yr.
0.0 06-01 1995
0.0 02-01 1996
0.0 08-01 1996
0.0 02.01 1997
0.5 08-01 1997
1.0 02-01 19~8
2.0 02-01 1999
2.5 08-01 1999
3.0 02-01 2OO0
3.5 08-01 2000
4.0 02.01 2001
5.0 02-01 2OO2
~.~ 08-01 2002
B.O 02-01 2003
6.5 08.01 2003
7.0 02-01 2004
7.5 08-01 2OO4
8.0 02-01 2OO5
: 8.~ 08-01 200~
g.o 02-01 2OO6
~ 9.5 08-01 2006
I~0.0 02-01 2007
!il0.5 08-01 2007
· ~1.0 02-01 2008
~11.$ 08-01 2008
12,0 02-01 2009
12.5 08-01 2009
13.0 02.01 2010
13.5 08-01 2010
14,0 02-01 2011
14.5 08-01 2011
15.0 02-01 2012
15.5 08-01 2012
16.0 02-01 2013
16.5 08-01 2013
17.0 02-01 2014
17.5 08-01 2014
18.0 02.01 2015
18.5 08-01 201
19.0 02-01 2016
19.5 08-01 2016
20.0 02-01 2017
20.5 08-01 2017
21.0 02-01 2018
21.5 08-01 2018
22.0 02-01 2019
22.5 08-01 20t9
23.0 02-01
2'.3.~ 08.Ol 2020
.24.0 02-01 2021
24.5 08-01 2021
Tax Tax TaX
Capacity Capacity Capacity
13,244 13,244
13,244 13,244
13,244 13,244 0
13,244 13,244 0
13,244 13~?~4 0
t3,244 t3,244 0
13,244 13,244 0
13,244 40,365 27,121
13,244 40,,386 27,121
13,244 41,508 28,284
13,244 41,508 28,284
13,244 42,68,3 29,439
13,244 42,683 29,439
13,244 43.892 30,648
13,244 43,892 30,848
13,244 4,5,135 31,891
13,244 4,6,138 31,891
13,244 48,4t3 33,169
13.244 46,413 33,189
13.2.44 47.728 34,484
13,244 47,728 34,484
13,244 49,079 3~,838
13,244 49,079 35,835
t3,244 50,469 37,225
13,244 50,469 37,225
~ 3,244 51,898 38,854
13,244 51,898 38.654
13,244 r;E3,368 40,124
13,244 53,368 40,124
13,244 54.879 41,635
13,244 64,879 41,6~5
13,244 58,4,33 4,3,189
13,244 56,433 43,189
13.2~ 58,031 44,787
13,244 58,031 44,787
13,244 $9,875 48,4'31
13.244 59,675 46,431
13,244 81,364 46,120
13,244 61,384 48,120
13.244 63,102 49,858
13,244 63,102 49,858
13,244 $4,889
13,244 64,889 51
13,244 68,727 63,483
13,244 88,727 6,3,483
13,244 68,616 58,372
13,244 68.616 55,372
13,244 70,559 57,315
t 3.244 ?0,889 57,315
13,244 72,557 59,313
13,244 72,557 59,313
13,244 74,612 81,388
1.3,24~. ..... 74.6t2 81,368
Totale
I Preaent Valuea
Gros.~ Tax at Col~t~ Match
Increment 10.25% 15,00% 0.00%
0
0
0
0
0
19,752
19,782
20,584
21,440
21,440
22.320
22,320
23,228
23,228
24,157
24,157
25,114
25,114
28,098
26,088
27,110
27,110
28,151
28,151
29,221
29,22t
30,322
31,464
31,4~4
32,618
32,618
33,814
33,814
35,045
35,045
36,311
38,311 '
37,612
37,6t2
38,950
38 950
40,326
4O 326
4~ 742
4~, 742
43 197
43 197
44,893
t ,426,514
N/A
0 0
0 0
0 0
0 0
0 0
~,O25') (2,983)
(2,025) (2.968)
(a,1to) (3,osa)
(2,110) (3,088}
(2,198) (3,216)
(2,198) (3,218)
(2,238) (3,348)
(2,288) (e,348)
(2,381) (3,484)
(2,381) (3,484)
(2,476) (3,62~)
(~,,~7~) (3,623)
(2,574) (3,76'/)
(2,574) (3,7 .t~7)
(2,675) (3,915)
(2,67~s)
(2,779) (4,06"/)
(2,779) (4,087)
(2,8e=) (4~.3)
(2,88~) (4,223)
{2,995) (4~383)
(2,99S) (4,38,3)
(3,108) (4,~)
(3,108) (4,546)
(3,224) (4,718)
(3,224) (4~718)
(3,343) (4,89fl)
(3,343) (4,893)
(3,466) (5,o7~)
(3,488) (5,072)
(3,59~) (5,287)
(3,592) (5,257)
(3,722) (5,447)
(3,~2) (9,447)
(~.SSS) (5,648)
(S, aSS) (5,642)
(3,992) (5,843)
(3,ee2)
(4.133) (e,o49)
(4,133) (6,o4,9)
(4,279)
(4,279) (6,261)
(4,428) (6,480)
(4,428) (6,480)
(4,581) (6,704)
(4,~)__~ _.
(146,218) ..(.2..1~).
N/A N/A
Net Tax PERIOD ENDING
Increment.. Ym. Mth.
0.0 02-01
0.0 08.01
0 0.0 02-01 1997
0 0.5 08-01 1997
0 t.0 02-01 1998
0 0 1,5 08-01 1998
0 0 2.0 02-01 1999
0 14,764 2.8 08-01 1999
0 14,764 3.0 02-01 2000
0 15,387 3.5 08-01 2000
0 15,387 4.0 02-01 2001
0 .16,027 4,5 08.01 2001
0 16,027 5.0 02-01 2002
0 16,586 5.~ 08-01 2002
0 16,685 ~.0 02.01 2003
0 17,381 8.5 08-01 2003
0 17,361 7.0 02-01 2004
0 18,057 7.5 08-01 2004
0 18,057 8.0 02-01 2005
0 18.7'/3 8.5 08-01 2005
0 18773 9.0 02-01 2008
0 19508 9.5 08.01 2006
0 19508 10.0 02-01
0 20.28~ 10.5 08-01 2007
0 ;20 265 11.0 O2-0t 2008
0 21 043 11.5 08-01 2008
O 21 043 12.0 02-01 2009
0 21,84.3 12.S 0801 2009
0 21,843 13.0 02-01
0 22,666 13.5 08-01
0 22,866 14.0 02-01 2011
0 23,512 14.5 08-01 2011
0 23,$12 -18.0 02-01 2012
0 24,382 15.8 08-01 2012
0 24,382 18.0 02-01 2013
0 25,276 16.5 08-01 2013
0 25,275 17.0 02-01 2014
0 26,196 17,5 08-01 2014
0 26,196 18,0 02-01 2015
0 27,142 18.5 08-01 2015
0 27,142 19,0 0~-01 2018
0 28,115 19,5 08-01 2016
0 28,11~ 20.0 02-01 2017
0 29,115 20.8 08-01 2017
0 29,115 21.0 02-01 2018
0 30,144 21,5 08-01 2018
0 30,144 22.0 02-01 2019
0 31,202 22.5 08-0t 2019
0 31,202 23.0 02.01 2020
0 32,,290 23.5 08-01 2020
0 32,290 24,0 02-01 2021
0 33,408 24.~ 08-01 2021
0 33,408 25:,0.02.01 2022
0 1,066,819 .........
N/A
CA100-02 Prepared by Publlcorp Inc. Enterle-B,WK4
PIgi3
· IPERIOD BEGINNING
~ Mth. Yr.
~0 06..01 1995
~.0 02-01
0.0 08-01 1996
0.~ 02-01 1997
0,5 06-01 1997
1.0 02-01 1998
1.5 08-01 1~
2.0 {32-01 1~'~
2.6 0~.01 199~
;~.0 02-01 2000
8.5 0~31 2000
4.~ 06.01 2001
5.0 02-01 200~
6.6 138-01 2002
6.5 08-01 2003
'2'.0 02-01 2004
7.5 ~ 2004
8.0 02-01 2005
9.0 02-01 200~
9.5 08-01 2006
10.0 02-01 2OO7
10.5 {]~.01 2007'
.'11~0 Q2-01 2006
~1.5 08-01 2OO8
12.0 02-01 2009
02-01 2010
508-012010
14.0 O2-.01 2011
14.5 08-01 2011
:15.0 02-01 2012
15.5 06-01 2012
16.0 02-01 2013
16.5 08-01 2013
17.0 {32-0t 2014
17.5 0~-01 2014
18.0 02-01 2015
16.5 03-01 2015
19.0 02-01 2018
19.5 ~ 2016
20.0 02.01 2017
20.5 08-01 2017
21.0 02-01 2018
21.5 08-01 2018
22.O 02-01 2019
22.50a~l 2019
23.O 02-01 2020
24.0 O2,-01 2021
Total~
~40,000
564,300
589,694
601,466
813,767
626.O00
~38,/83
664,793
678,024
720,014
749.347
764A9~
779,916
795,504
811,793
648,057
862.042
879,790
$97,53~
916,084
973,458
993.749
1,014,088
1,035,339
1,066,652
1.078.926
1,101,28t
1,124,642
1,148,109
1,197,285
1,22~,048
1,276.058
1
1,360,574
1,420,~
1,452,536
.1j4~4,4~2
.. ....
Aocure~ In~l~ Principal
2420O 0 0
2~,394 0 0
11,772 14,764 0
12,302 14,764 O.
1~,~33 16,367 0
12.783 15.387 0
12,719 16,027 0
1~A91 t6,027 0
13.E31 16,~ 0
13.827 16,685 0
13,772 17,361 0
14,392 17,361 0
14.344 18,057 0
14,989 18,057 0
14,948 16,773 0
15,621 18.773 0
15,~;86 t9,508 0
16,289 1gA08 0
16.266 2O,265 0
16.998 20.265 0
16.~ 21,043 0
17,749 21,043 0
17.748 21,843 0
15,54~ 21,843 0
16,556 22,666 0
19,39~ 22,6~ 0
19,420 23,512 0
20,294 2.3,512 0
20,337 94,3~2 0
21.252 24,362 0
21,314 2.5,276 0
=A'/3 2SA76 0
22,355 ~,1~6 0
23,361 26,196 0
~3,4~7 27,142 0
24.52.3 27,142 0
24.653 29,115 0
~,763 28,115 0
25,922 ;9,116 0
27,O88 29.115 0
27,Z'/9 30,144 0
29.506 30,144 0
28,731 ;)1.20E 0
30,024 31,202 0
30~?.~7 3=,.~0 0
31,660 32,29O 0
31,956 33,4O8 0
9~/'/,888 1,066r319 __. _ 9
Bo,,ding 8h~ld
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
o 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 -0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 .0,
' 0 0
TotM
0
0
14,764
14,764
15,357
15,387
10,02'Z
15,027
16,685
17,3~1
17,361
18,057
16,773
t9,508
19,506
20,265
2t ,043
21,043
21,843
21,843
23,512
23,512
~ PERIOD ENDIN~I'"-"
Balance Y~_..._M~. Yr.
0.0 02-01
0.0 08-01 199~
0.0 02-01 1997
0.5 0~-01 11~'
1.0 02-01 1998
'564,3~ 1,5 ~ 1998
~89,6~4 2.0 02-01 1~g
~01,4~
613,767 3,O 02-01 ~000
8~8,733 4,0 0~-01 2001
6~1,502 4.5 08-01 2001
664,793 5.0 02-01 200~
891,1~0 6.0 02-01 2OO3
7O5,623 6.5 06-01
7"~0,0'14 7.0 02-01 2OO4
~ 7,5 08.01 2OO4
749,347
764,29~ 8.6 08-01 2OO5
779,915 9.0 0~01 2OO6
795,5O4 9.5 08-01
81'1,793 10.0 02-01 2007
· ',~,01~ 10.6 08-01 20O7
84~,0~7 tt.0 02-01 2OO8
862,04~ 11,5 08-01 2OO8
~79,790 12.0 02-01 2009
897,~38 12.8 08-01 2OO9
916,084, 13.0 02-01 2010
934,642 13,5 06-01 2010
984,036 14.0 02"01 2011
973,4~8 14.5 08-01 2011
993,749 15.0 02.01 2012
24,,382 1,014,088 15,5 ~ 2012
2.4,3~. 1,03~,3,39 16.0 02-01 2013
25,278 1,05~2 16.5 08-01 2013
25,276 1,07~9~1 17.0 02-01 2014
26,196 1,101,291 17.6 08,.0t 2014
25,198 1,124,642 18.0 02-01 2015
27,142 1,148,109 18.8 08-01 2015
27',142 1,172,632 19.0 02-0t 2016
E6,115 1,197,298 19.5 08-01 2018
28,115 -1,223,048 20.0 02-01 2017
29,115 1,248,970 '~.~ Oa,.01 2017
29,115 1,2'76,068 21.0 02..01 2018
30,144 1,303,337 21.5 08-01 2016
20,144 1.331,843 22.0 02-0t 2019
31,202 1,380,~7'4 22.5 06-01 2019
31,202 1,3~0,~98 23.0 02-01 2~0
,.~2,.290 1,420,88~ 23.6 08-01 2020
~ 1,4S2,533 24.0 02-01 2021
.. 33,408 1,517,888 2.5.0 .~2'01 2022
1,O8&31~
CHANHASSEN ECONOMIC
DEVELOPMENT AUTHORITY
REGULAR MEETING
NOVEMBER 19, 1998
Chairman Boyle coOled the meeting to order at 6:30 p.m.
MEMBERS PRESENT: Gary Boyle, Jim Bohn~ Mark Senn~ Mark Engel, Steve Berquist, and
Nancy Mancino
MEMBERS ABSENT: Mike Mason
STAFF PRESENT: Todd Gerhardt, Asst. Executive Director and Shanni- AI-Jaff, Planner H
..
APPROVAL OF MINUTES: Boyle moved, Mason seconded to approve the Minutes of the
Economic Development Authority meeting dated August 13, 1998 as presented. All voted in
favor and the motion carried.
VISITOR PRESENTATIONS: None,
CONSIDER TIF ASSISTANCE FOR PHASE IHt ENTERTAINMENT PROJECT.
Todd Gerhardt presented the staff report on this item.
Vernelle Clayton: '?he project doesn't go away and neither do I.
Gary Boyle: It's always nice te have you.
Vernelle Clayton: Thank you. Thank you. I have been commissioned by Bob tc work with him
on this project and the approval process. Partly I tblnk in large part to offer my perspective based
on what has been happening with the project and relate that to what's happening with it as it goes
forward. As you know, as you can see this final phase in it's present form was not what we
anticipated when it was originally approved by both the HRA and by the Planning Commission
and the Council. The project though~ as with all of the best laid plans that we have here in
Chanhassen and throughout the metropolitan area and the country has been market driven. You
can have all the best plans in the world and all the wonderful ideas. If the market doesn't accept
it, it just doesn't happen. What we did before with respect to this particular portion of the
project, which consists of what we call the bowling alley building, was attempt to renovate the
existing buildings and to do some relatively creative things so that it wouldn't look like the
building that you see out there today. We contrived therefore a rather elaborate boardwalk,
which did accomplish a couple of things aesthetically as well as the practical application of
having a place for people to walk into the building without having to climb up steps for each and
every one. Because the present building as you know is about six been above grade at that site so
it's a relatively-diffioug c, onv~n. We also contrived to separate the rather large mass of
existing building into what appeared to be individual buildings built at different periods in time.
Economic Development Authority- November 19, 1998
So while that was a nice idea, it was not very, it was not a very good investment. It was an iffy
investment. We had trouble auxacting any large numbers of people. In fact we had trouble
attracting anyone. The folks that finally thought maybe they would give it a try were only those
folks who already had had some experi~ in Chanhassen and it really was a limited market. So
while we were still working on that, which obviously took us a great deal of time or we would
not be here tonight, along came a new concept in movie going. It's comprised of 16 or more
movie theaters. Stadium seating and frankly it's not just going to a movie. It's a movie
experience. It's a new thing on the scene. It's just coming to Minnesota. It has arrived in a few
communities and in just a couple more years, yeah years, you'll see them all over the
meUopolitan area. Thus the cinema folks came along and offered to purchase the building
because they could see that already they were at, or soon would be at an economic disadvantage
if they didn't have the opportunity to compete with this new phenomenom- They looked at the
existing building and they decided the prudent way to proceed would be to demo that building
and rebuild. Thus you don't see some of the same things that you see. They no longer need the
boardwalk. That as I said was contrived, although we all liked it. They looked at having a
restaurant, as we had had before. What with the parking concerns and some aesthetic concerns,
they have acquiesced to some recommendations by staff that a retail component be included for
the reasons I mentioned as well as some other mentioned and other reasons and Ran Krank and
others will be addressing that with you more completely in just a moment. So have we created
an enierm_ inment complex? Did we intend to create an entertainment complex? Yes we did. It's
in an entertainment area already with the Dinner Theater alld tho hospitality that's already there.
Is this an entertainment complex with the 16 screens? Absolutely. Eight screens is as I said
going to a movie in Chanhassem Sixteen screens puts Chanhassen on the map. Then as Todd
said, the HRA a few years ago determined that the use of TIF to upgrade this eyesore was
warrant. Now the EDA, for you as the EDA the question is, is a 16 screen movie theater a
better investment than a bowling alley? That's what we had before. We had a bowling alley and
some retail. Now we have 8 additional screens and together a 16 screen movie theater. From my
experience and familiarity with the project, the principles involved, their financial capability, all
of the above, I can tell you that I fumly believe that a 16 ~ movie theater is a better
investment for the city of Chanhassen than the bowling alley. Will we miss the bowling alley7
Obviously we will. It offered variety. But tonight the decision rests on whether it's un economic
advantage. So with that in mind I think that it's time for us to talk about what they are
presenting. Give you an opportunity to see what you'd be investing in_ Give you an opportunity
as I understand we're doing this in reverse order tonight of what we have become used to doing
in the past few years. Of showing it to you folks first and then going through the more detailed
analysis of with the engineering department, the planning department and so forth. But this gives
you an opportunity to present to those folks some of your thoughts and ideas on whether you
think it should be tweaked. Whether it's wonderful as it is and all of that. I'll be back to answer
questions and to attempt to, as Bob has asked me to do, coordinate some of this tonight but right
tiow I would like to hear from Ron Krtmk and I'm sure you would too. He's with KKE
Ron Krank: Thank you Vernelle. If we're not on TV, is it okay ifI stand up here so that7
Gary Boyle: Please.
Economic Development Authority- November 19, 1998
Ron Krank: Ron Krank, KKE Architects and for those of you wondering where you've seen me
recently...Video Update... So what's exciting for me is now to be working with Bob
Copeland... but we're Frank Beddor's architects back some years ago, 25 years ago...and it's
interesting that in those days when we were working with the city and trying to relocate, we were
also looking at what we could do with this. So it goes way back then and it's nice to come back
20 years later and help you finish it off...
Bohn: Did you foresee this?
Ron Kmnk: No way. Two screens maybe but not 16. No way... But our involvement began
about six months ago I guess. It seems like a couple years because we worked so hard at it but
when Bob Copeland came to us... Because of all of the number of screens they have, they can
have 10 screens playing Titanic if they want as opposed to a smaller series of theaters. Cinemas
today are very comfortable...and they're tall buildings. They're big. They slope back way high.
They're much more handicap accessible...so there's a real strong market here. And those that
meet or exceed the market will succeed. Those who don't aren't going to. So we were hired six
months ago...visual concept as Bob was thinking about it, I think was shown to you, was...and
punch into the rest of that where we've got more retail space at the 4 foot high level. When we
started looking at the columns everywhere, it's not a real high ceiling space. Kind of
uncomfortable to just in terms of outside walking up to the end of the building where...and but it
mainly was structure. You had all these column~ to deal with and it just didn't make sense to try
to deal with that and take columns out and put beams in straight on through. Look at cutting it
off, building exactly what you need in terms of size and see what's left over. And so we did that.
And I must say the original concept was because they're just in the cinema business that they
don't, that's what they do. They really didn't want anything else on the site other than cinema.
But staff, who's a very good proponent for, very good advocate, really pushed and plugged at us
to provide us with the vision that you have given them and that is that this really meets the
entertainment center, you've got to have more than just a cinema. You've got to have activity
and a nice facade that...to the downtown. Has a small shop feel and provides an oppommity for
people to eat and have coffee or whatever when they go to the movie. Ice cream and come back
out and truly become an entertainment center. So we went through a lot of iterations of plans
frankly and what we have now I think is very exciting and we believe really does meet what the
city's expectations are. I guess we'll start with the site plan. This is north. This is the existing
cinema over in this area. This is the Frontier Building and this is Market Boulevard. This is
obviously a very, very important site to the community and we understand that. It's the...access
into the city. Or one of them and so it's important this site line, what you see when you drive by
this property, that gives us the oppommity to add screens and double the cinema from 8 to 16 and
that's basically that line right there. 'Gives us a chance to provide a new entry which would be in
the center of the cinema so people can go both ways...u61i7~ the ramp and that walkway in front
of...playform area as a handicap access to the theater at that fourth level walk in. It allows us
now to come in from the outside. Walk into. the building at grade... Walk into a corridor and
then walk up so that anybody...carve it out, dig it out, replace the foundation of the existing
building, it made a lot of sense for us to do that. And then what we decided was this is a great
opportunity because of the tremendous traffic visibility to have this series of small shops. 60 feet
·
Economic Development Authority- Novemb~ 19, 1998
deep, and we envision at the comer of the building, at that location with the large, deep sidewalk
that's probably 40 feet, an opportunity for some outdoor cafe. A resmu_vant. It could be coffee
shop, bagel, ice cream. Things of that sort so that people can enjoy the sun during the day. See
the access. See the activity and not be bothered by cars right in the proximity but a nice outdoor
space. And so that will give us a chance with this landscaping plan to do some ~
sidewalk patterns. We're showing plans, some railing detail. A lot of landscaping but then keep
that front open for active space. We're not sure frankly if this is a place where people are going
to walk and browse and walk back but that's okay because there's so much tmf~c by here it'd be
a great spot for someone going to work. Stop to get coffee or get a bagel on the way to work or
come home in the evening. An ice cream drive-up here. Drop off the cleaning. Pick it up. So
we're sure there could be a lot of activity here but our thrust would be, especially in this
location...active with food and coffee and ice cream. Things of that sort. Parking lays out really
well we think in that this would be obviously the main entrance to the cinema but we're
surrounded by parking. There are 565 stalls...well for us in terms of parking for this area is
probably 45-50 cars. Maybe 60 necessary and the bulk 500 plus can work for the cinema and the
Frontier Building. We look at this in terms of car count and tmf~c is that we've been told make
ourselves a part of'the downtown. Make it look like downtown~ Small shops. Lot of you know
fun...detail and things happening and a part of downtown, our belief that by having 2800 seats
here, that people are going to park over here...and walk over here and go to bowling and do that.
Not necessarily say well, we've got to drive and park over here. That's really down, park a block
or two away and take advantage of all the other reslmirants and come to the building so we're
real comfortable with the car count and I think as you might recall, you had a, the city
commissioned a lraffic study by Hoisington, Fred Hoisington which we...we're comfortable with
that. We would describe the exterior of the building was, the cinema right now. The thought is
to get off the marquee so it's not...not very attractive right now. I thini~ it's plywood and trying
to decide what to do with iL That hasn't been resolved yet but what...exih Emergency exit out
of 2 or 3 screens. But what we would do is paint it, clean it and strengthen it by some additional
landscaping and...that could be used elsewhere in the downtown. The thought is we would add
more of those so we get a little more rhythm. A little more detail to that. And then as I
indicated, you'd be walking, you'd walk up the ~ in this way but more like a handicap access
where you come, enter at that poinh Then others entering the cinema would have to walk up and
what we're seeing is...but we need more height... These screens will stay as they are right now.
...but this will be a true, true stadium seating. Higher and a better sight line. So what we did is,
the thought is that we would repeat the same kind of striping on...EFIS. It's a stucco. Create a
second line or to bring the scale back down to this, the elevation of the building, the adjacent
building and then ~ an archway here that would have a transl~t panel of, and there are
four of those, sixteen screens... That gives a real ~ scale and arches of course give it
character. We're thinking that...in front of and below each one of those arches so that we're not
necessarily pointing that out because there's no reason but what we do then is create the same
rhythm and same you know with thc railing. Then we've got a base detail 0fbrick which would
then touch the... This then begins the small shops and we're thinking that there'd be a small
series of, a facade. Each one could have a little more, a little different character. Some would
have curves. They'd have peaked roofs. The ends of the building would have a raised sort of
tower feature is fhat there should be some awnings, maybe canvas awnin~t~s. Different
colors...and then you've got these, it's just a little bit different...~ relief work not only as
Economic Development Authority - November 19, 1998
well as vertically. And then what we've done is have...the main building, this facade and then
we carried that line across again in the stucco using two different tones of that...
Boyle: Thank you...Nancy if you have.
Maneino: Go ahead Jim.
Berquist: EFIS versus precast now?
Ron Krank: Yep.
Berquist: And it's, shall I ask the rationale behind it or do I need, from a construction
perspective I'd like to.
Ron Krank: Now EFIS would be a, EFIS is a stucco system. You can have.
Berquist: I know what it is. We had originally, originally, I don't mean to cut you short but
originally we had talked about using EFIS on the rehab part of the structure and it was decided to
go with pre-cast for a few different reasons and now we're back to EFIS.
Ron Krank: To answer you question of the past I can just say...
Berquist: Originally when I first looked at this and I saw the retail concept to be, I found myself
tom. Walking the retail part of it and debating in my own mind whether or not the retail aspects
added to the poter,.tial of the center or took away from an economic perspective. You've
addressed that somewhat and you've pretty much convinced me that it's a very -Aab!.e thing to do
there, fight? Is t_ha( what your analysis has concluded?
Ron Krank: Yeah. Intuitively we...
Berquist: ...an opportunity for our economic advantage to be taken by the structure is enhanced
by the retail aspect as opposed to because it detracts from the economic...The original footprint
of the building, I mean I like the idea of tearing down and starting over but there wasn't anything,
unless I missed it and I very easily could have. How was the original footprint like?
Ron Krank: I have it in detail...about four feet...
Berquist: Let me think. There was one other thing I wanted to ask, if I can just fred my note.
Oh! Height. I don't have a scale on'me. 6 feet inch.
Ron Krank: 35 feet.
Berquist: 35 feet?
Economic Development Authority - November 19, 1998
Ron Krank: To the top of it. To the top of the structure. That's down about 6 feet I would
guess...
Berquist: So roughly 30 feet and.
Ron Krank: This is 30, it's about 35-36 feet higl~
Engel: Just slightly below the east entrance?
Ron Krank: Yeah. This one is about 20. 20 to 22 feet. 16 frankly addresses...
Berquist: I was just trying to envision how massive...one versus the other. The 35 feet, 29 feet,
that's what I was looking for. Thank you. :
Boyle: How does that compare to the current building? To the current bowling alley in height?
So that's the same height on that?
Pon Krank: Yeah, oh yeah.
Engel: Three quick questions for you. I didn't get a chance to write them down. The east
entryway. Is there anyway we can maintain the marquee? I know it's in a subdued version, in a
lower caliber version than the main one. Just as an archi~ feature rather than taking it oft'.
Leave it and design it down so you don't put a lot ofmoney or emphasis on it and keep it as
another entry. That's one question. The other is, can you extend those walls on the existing
theater. Not extend them but can you enhance them with matching windows like you've got in
the new side. See what I mean? Yeah, those three massive ones. Can you break them up so that
you have archways and matching windows there so that it would kind of carry around the side of
the building rather than being just a mass of concrete so to say. That's the second. And then is
there a stair between the raised sidewalk as it drops down to the main entryway. Or is it just
going to stay above grade all the way, or the rail cutting it off.
Ron Krank: ...for a couple of reasons. We didn't want to confuse people. You're going to
come in here, pull the door... Probably more importantly though we felt that we want the
attention to detail here. This is the...there's a lot of detail here and why have, I mean it doesn't
do the job anymore.
Engel: That's a good question, just sticking with that for a few seconds. Is there an opportunity
to keep that entryway and extend the hallway inside of the building that carries you into the main
lobby or is that strictly being used fo~ theater space?
Ron Krank: It's theater space.
Engel: It would be theater space? It would not be able to be a hallway?
Ron Krank: No, because...you'd have to go out...
Economic Development Authority- November 19, 1998
Engel: Okay. Good answer. I was curious how, if you did make it an entryway, you'd want to
probably extend the hallway out of the main lobby.
Ron Krank: With regard...as well as an aesthetic function...our thinking is it'd be a little bit...
our thought is to make it simple. Get those posts...Your question was the entry or the sidewalk?
Engel: Yeah the sidewalk is extending down via steps to the main level or is it cut off there by
mil7
Ron Krank: Okay...and you're in the main part of the theater. You're in the lobby. Here you
walk in. You walk in parallel to this lobby and then you're in at grade.
Engel: When you're on the, oh okay.
Pon Krank: You're on this level when you walk in the building. So you walk in and then you're
in the lobby.
Engel: I ask the question because if someone came from the back side and was say handicap
accessing it, they'd wheelchair in fight at grade onto the main level of the lobby.
Ron Krank: Right.
Engel: The other option I'm guessing is if people were walking around and didn't go in that door
and we were just walking'around to say the restaurants on the far side of the building, could they
walk down a ste~ and then continue onto your extended sidewalk?
-
Bob Copeland: The steps are there and they will stay there. There are some.
Engel: That's what I'm trying to envision in my mind. That's what I was thinking. Just so
they're not, they're not at this raised level and they oop. You've got to go in the theater. Step
around. You've got to explain to me. I'm a little thick when it comes to visualizing. Okay,
that's good for me.
Bohn: When you, if you've coming from the back side by the Frontier Building, coming around
the theater, and you want to go over to say the coffee shop's on the side, you still stay on a
sidewalk without going into the parking lot because you're not walking in this parking lot. Not
while you're inside the theater.
Ron Krank: Right. That's fight.
Boyle: Mark.
Senn: I assume at fkis po'mt we're confining ourselves to architecture or design questions and I
don't really have any additional ones.
Economic Development Authority - November 19, 1998
Boyle: Nancy, do you have anything regarding architectural?
Mancino: No I really don't because I am assuming that our Imrpose here as the EDA is to decide
on TIF finance. This will go through the process. It will go to the Planning Commission to
really look at the architecture and it will come back to the City Council at that point, am I
You are correcC
Manclno: Okay, so that our review at this point or the question that is to be answered tonight is
having to do with the TIF application and that then the staff will do a full report with engineering
and parking and all the architectural components will be addressed at that time.
Bohn: Will it come back to us?
Gerhardt: Well, you're right on everything but you've got to remember that TIF money is money
that, you know if you remember we were going to use the TIF to try to get the special
architectural statement that we wanted to see in this area. You know that we were going to
basically be paying for the faeaute, the boardwalk, and some of the parking lot improvements. So.
when we asked for architectural input, is this concept meeting with the themes and the ideas that
we had with the first concept. Is this project meeting your expectations of what we had
estab~ed with the first project.
Mancino: First I have to decide whether I believe in TIF for this project and then the second one
will be if we do do TIF. If we say yes, what are some of those quality architectural things that
we'd like to see. Am I...
Boyle: I think that you brought it right to the point, if I can interject here just for a minute. I
think this is really where we're at. At this point. What we have to ask ourself and agree upon
tonight I think is that, is this project special enough, is the use justifiable enough and the quality
such that we as a city should consider being a partner in this project.
Mancino: Yeah, why is the project in the public interest. I mean that's the ultimate question-
Boyle: Yes. Is this what we want to see in this area? Is, wherever the money be appropriate
with the plan so...come to that conclusion tonight as a group. Hopefully know what direction to
go. With that, I know there's some questions probably regarding parking but maybe that's
appropriate to bring up at this time. '
Gerhardt: Well I'll leave it up to the ED~ I know these axe all questions that the Planning
Commission and City Council are going to do. I mean we want a project that is doable and Mr.
Copeland, for this project to really be a success~ in Chanhassen, he's saying he needs tax
incre~nent financing for this project to work. And for us to really do our due diligence, you know
wc had to look at all the elements that typically a planning commission members look at to
·
Economic Development Authority- November 19, 1998
answer should this project get TIF. And does it meet our goals and objectives for architectural
style. And along with that, if we're going to give TIF, we want to know if there's traffic
concerns and parking concerns. And so we put basically a planning report together to you
tonight to try to give you some comfort that this project is meeting the city's guidelines. And just
to correct a few things in that report. I asked Sharmin, she did a calculation error in her parking.
If she'd come up and kind of explain that to give you a little more comfort on the parking.
Sufficient parking in the area. And I'll give you a verbal update on the engineer's report and then
I'd also like to open it up to Bob Copeland who sent me a letter today regarding the mad access
over to Great Plains. And then I'd like to get your reaction to some of those things and then
discuss should this project receive TIF or do you want to absorb it more and have a special
meeting to discuss it. So Sharmin.
A1-Jaff: In regard to the error that Todd was talking about. The ordinance actually requires 1
parking space per 4 seats in a theater. When I did the calculation I used 3. So we need 700
rather than the 900 that I specified in the report. I spoke earlier today to Fred Hoisington and he
confimaed that according to the calculations that were provided by the applicant, there should be
sufficient parking. There will be times when they will exceed capacity as far as parking but it's
not something on a continuous or a daily basis.
Boyle: Do you know what.._firnes those, do we anticipate what times those would be?
A1-Jaff: In Fred's report he outlined the months of June and December and perhaps in
November..
Boyle: Any questions Of Sharmin at this time?
Bohn: I have a question. Does 'that include if the Frontier Bxdlding is used?
Al-Jarl: Correct. And assuming that the restaurant, originally when this plan was being worked
on conceptually, they were looking at a 6,000 square foot restaurant. Now they eliminated that
because it requires additional parking spaces. So with the retail it should work.
Boyle: Thank you Sharmin.
Gerhardt: Just quickly. Our engineering department had an oppommity to review Benshoof's
report. They are in agreement with the traffic study. There is some concern regarding some
utilities, of those utilities that are in the area. We feel that that's a correctable situation. And
between staff and Mr. Copeland, those issues could be resolved if the project was to go ahead. I
did receive a letter, I briefly glanced'it. Bob, are you able to kind of discuss this with the EDA7
Bob Copeland: Yes, I think I eau.
Gerhardt: And I'll hand out copies to members.
Economic Development Authority - November 19, 1998
Bob Copeland: I'm not sure if all of you have read the report by Benshoof and Associates
regarding traffic. The bottom line was that tm~c will work out in the area, in the block and so
on provided a link was provided to connect Market Boulevard and Great Plains over on the east
And the report stated, well it kind of led me to believe that the only way that that would work is
if this connecting link was unimpeded...or someone backing out from a stall into this pathway.
And I discussed this...and he and I, well he went over it and he concluded that while it would be
best if this connecting link was ~ if it is i .mpeded. If there are Ixaffic stalls that are
adjacent to the...that doesn't change the fmdin~ that he's come up with that sections would
function at satisfactory...to get in and out ofthe facility. So it's just the clarification really ofthe
report. In terms of the detail on how the connecting link is cons~ted or whether there are
parking stall spaces...
Boyle: On the north end Bob where the two roads, is there a current road or I mean access
getting out?
Bob Copeland: Here?
Boyle: Yeah.
Bob Copeland: Yes. This exists now today.
Boyle: It exists but it would not exist under this plan?
Bob Copeland: It would continue to exist. And there are parking stalls right along here.
Boyle: You would not have to go up into the parking lot of the hotel. It comes out.
Bob Copeland: The hotel parking lot is kind of off this drawing. It's up in here. You can access
the hotel parking lot but the hotel parking lot...these stalis right along here are stalls associated
with the bowling buikllng, not with the hotel.
Boyle: Any other questions of Mr. Copeland?
Bohn: ...traffic getting to Market Boulevard?
Bob Copeland: I'm sorry, what was the question?
Bohn: Traffic, can leave there and go over m Market Boulevard. I mean not Market Boulevard,
I mean Great Plains Boulevard.
Bob Copeland: Over here?
Bohn: Right. Is that road open too?
Economic Development Authority- November 19, 1998 '
Bob Copeland: Well in order to provide this connecting link, you would have to go across the
Bloomberg property here. And connect up with, there's a road to the south of the existing Dinner
Theater parking lot. That road is paved to approximately here on the drawing and then there's
unpaved, actually there are about two or three different paths that are not paved fight now that, as
part of this process we would enter into an agreement with Bloomberg. Have a permanent
easement here across this property and then access over to Great Plains. It may start out going
just pretty much straight across. But when they develop something here, that would change.
Like it'd be to the north or it might be, end up being to the south.
Berquist: It's your intent to take care of that and get it all.
Bob Copeland: Right, we have to finalize that with Bloomberg.
Engel: Can you show the exit over to the west side again then. The entrance from Market.
Bob Copeland: Yeah, right here. Pauly Drive. And then the cinema is right down here...
Berquist: Question for probably Mr. Benshoof more than you Bob. I'm curious, we put all these
vehicles in there, now we're in December and June, and do we ever get to a point where we
create a need for stop lights'/ Especially as we cross into, doesn't that access the northern access,
right there. Doesn't that line up with~
Bob Copeiand: It does.
Berquist: It does.
Bob Copeland: Yeah, this lines up with what I had ~ my zrdnd as the main access to Market
Square and this lines up with what I personally would call sort of a secondary entrance into
Market.
Berquist: And perhaps this is a perrnature question but have we, has that ever entered into the
thinking process at what point are we going to require a stop light?
Audience: ...address that. He had, as part of the analysis examined the volumes at the Market
Boulevard/Pauly Boulevard intersection and as it would relate to the levels of traffic needed to
warrant a traffic signal...projected volumes would be below. That's what we found.
Berquist: Forever?
Audience: Well I don't know if forever. I mean our forecasts relate to the period of time within
a year or two after some...what happens ultimately.
Berquist: But fully developed as proposed, they would continue to be safe, reasonably safe
intersections?
Economic Development Authority - November 19, 1998
Audience: Yes.
Boyle: Are there any other questions? Todd, did you have any COmmentS before we...
Gerhardt: Yeah, I'm just wondering. 'Ibis is a lot to absorb in one night. If you would like to
go through and look at should the project receive TIF assistance at this time or do you want to sit
down and as a group discuss this further.
Boyle: I think what we really should do, for Mr. Copeland's benefit so he has an idea before he
leaves tonight as to where we should go with this. If we COuld, so we can discuss as a group...
ask everybody to depart the room for just a little bit we'll do that and make it as quick as we ~
Mancino: I think from a legal.
Bob Copeland: Can Jim Benshoof go? Our traffic consultant.
Engel: I think so.
Boyle: I don't have any further questions.
Senn: I don't think that's an issue. Not tonight at least, I don't know legally but I'd like to
make a motion that we let Steve and Linda come back in and listen.
PRESENTATION ON ~ FINANCIAL ANALYSIS OF THE DOWNTOWN TAX
INCREMENT DISTRICT.
Gerhardt: Mr. Chairman, HRA members. I'm a little disappointed here. Jim had asked that, for
this item to be on. I expanded on it a little bit. Jim had asked that we see kind of a summary of
the history of the downtown tax increment district and this past year, '97, Rob Tautges, the city's
auditing rum had completed an audit on our downtown tax increment district. That report went
back as far as 1976 when the district was created to 1996. So basically 20 years of history went
into this report and I included in your packet and at this time I would like to introduce Rob
Tautges of Tautges-Redpath to give you an overview of his report and the analysis used in
determining the numbers and history and methodology presented in that report. Afl~ he's
completed that, I would like to talk a little bit about our downtown district. The short falls that
that district saw this past year. How we co~ those. How the legislators created a new
problem for us in 2004. How we are looking at moving ahead and creating those, or COrrecting
those problems and then just to summarize that we aren't alone in that and I'd like Rob just to
touch a little bit on that and give some history on some of his other clientS and what he's heard
through his grapevine. With that I'd like to introduce Rob Tautges.
Rob Tautges: Thanks Todd. One technical correction. That report that you have from '76 to '96
is not an audit...went back and plotted as best we COuld to...that the auditor wanted to see and
there really were some assumptions that went into that as far as... They were all extracted from
audited financial statementS but you've got to understand that the OSA, the Office of State
C1TYOF
CHANHA
690 Ci{y Cou~r Drive, PO Box147
Cl~anhamn, Minnesota 55317
Phone 61293Z 1900
C-eneral F,~x' 612.93Z5739
Fmgineering Fax' 61293Z9152
l~blic ~ Fax' 612.934.2524
Web u,n,tadrhani~uoz, mn. tu
TO:
FROM:
DATE:
Economic Development Authority
Todd Gerhardt, Acting C~ty Manag~
January 22, 1999
Resolution AuthorizinE Kennedy & Graven Law Firm as the
EDA's Legislative Council
Staffhas been working with the financial team of Ron Batty, Rob Tautges and
Dave MacGillivrary to solve the revenue shortfall in TIF District No. 1. One of
the solutions is to seek special legislation to extend the life of TIF District No. 1.
John Cohi from Keamedy & Graven has been an active lobbyist in St Paul for
several years and was successful last year in assisting Cottage Grove and
Monticello with their TIF problems. Mr. Cohi informed the financial team that it
is important to get started fight away. Staff~ begun scheduling meetings with
our local legislators (W~ and Oliver) as well with key legislators (TIF
Committee members).
Mr. CoN has asked that the EDA members approve the attached resolution
authorizing Kennedy & Graven to set on the EDA's behalf to request special
legislation to extend the life of TIF District No. 1 (see aflachment). Staff
retgomm~ approval.
1. Resolution
rl~ C_~ o£ C~__~,auo~. A ~win~ comraunin wit~ dean la~ ouali~ schoo& a dm'm'inr downum,n; ~ ba~se~ and ~ oark A vrat olace to live. u,ork, and ~1~
or
ECONOMIC DEVELOPMENT AUTHORITY
CARVER AND HE~P~ COUNTIES, MINNESOTA
DATE:
RESOLUTION NO:
MOTION BY:
SECONDED BY:
A RESOLUTION AUTHORIZING LEGISLATIVE ACTION REGARDING
REDEVELOPMENT TAX INCREMENT FINANCING DISTRICT NO. 1 (DOWNTOWN)
AND AUTHORIZING KENNEDY & GRAVEN, CHARTERED TO SERVE AS
LEGISLATIVE COUNSEL
WHEREAS, the Economic Development Authority (the EDA) of the City of Chanhassen
administers Redevelopment Tax Increment Financing District No. 1 in the downtown portion of the
community; and
WHEREAS, the EDA deems it necessaxy, reasonable and prudent to seek certain changes
to state law as it applies to TIF District No. 1 from the Minnesota legislature during its 1999
session.
NOW, THEREFORE, BE IT RESOLVED by the EDA of the City of Chanhass~
Minnesota as follows:
Kennedy & Graven, Chartered is hereby authorized and directed to rep.resent
the EDA before the Minnesota legislature and with other local and state officials in
connection with the legislative work to be undertaken by the EDA regarding TIF
District No. 1; and
Staff is authorized and directed to cooperate with Kennedy & Graven,
Chartered in this endeavor.
Passed and adopted by the Econo~c Development Authority this day of~
,1999.
ATTEST:
Don Ashworth, Economic Development Director ' Gary Boyle, Chair
YES NO ABSENT
'~a3e: 1
Date: 12/31/98
City of Cb_anhassen
Detail Claims Roster
Checking Account 1010
C~%NHA - CITY OF C~ANF~%SS~
123198
STORM ~ATER CHARGES
Total for Vendor: CHANHA
·
Total for Checking Acoount: 1010
** Total **
Amount
35.00
35.00
35.00
$35.O0
Page: I
Vend #
Invoice
City of Chanhassen
Detail Claims Roster
Description
Amount
Checking Account 1010
KENNGR- KENNEDY & GRAVEN
27189 FRONTIER CENTER PROJECT
27191 1998 DEBT RESTRUCTURING
17844 MOVIE THEATER PROJECT
27319 BOWLING CENTER PROJECT
Total for Vendor: KENNGR
TAURED - TAUTGES, REDPATH & CO LTD
28090 PREP/PRES-EDA TAX INC DIST 1
Total for Vendor: TAURED
TFJAM - T F JAMES COMPANY
122298 SECOND HALF PAYMENT
Total for Vendor: TFJAM
60.00
60.00
60.00
60.00
240.00
875.50
875.50
234,257.00
234,257.00
Total for Checking Acoount: 1010
235,372.50
** Total ** $235,372.50
Page: 1
Date: 11/17/98
Vend #
Invoice #
City of Chanhassen
Detail Claims Roster
Description
Checking Account 1010
CHACHA - CHAN CHAMBER OF COMMERCE
111698 1999 CHAMBER LUNCHEON TICKET
Total for Vendor: CHACHA
GERHAR - TODD GERHARDT
111RqR R~NT A CAR AT ICMA CONFERENC
Total for Vendor: GERHAR
THITA1 - THIES AND TALLE ENT.
103098 TIF CHECK-HERITAGE PARK APRT
Total for Vendor: THITA1
Amount
150.00
150.00
180.7R
180.78
31,882.64
31,882.64
32~213.42
$32,213.42
Total for Checking Acoount: 1010
** Total **