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01-11-2022 Agenda and PacketA.7:00 P.M. - CALL TO ORDER B.APPROVAL OF MINUTES B.1 Approve Economic Development Commission Minutes dated December 15, 2021 C.ADMINISTRATIVE PRESENTATIONS D.GENERAL BUSINESS D.1 Review Sewer Availability Charge (SAC) Credit D.2 Discuss 2022 Work Plan E.CORRESPONDENCE DISCUSSION E.1 2022 Economic Development Commission Meeting Schedule F.ADJOURNMENT AGENDA CHANHASSEN ECONOMIC DEVELOPMENT COMMISSION TUESDAY, JANUARY 11, 2022 CITY COUNCIL CHAMBERS, 7700 MARKET BOULEVARD 1 Economic Development Commission Item January 11, 2022 Subject Approve Economic Development Commission Minutes dated December 15, 2021 Section APPROVAL OF MINUTES Item No: B.1 Prepared By Kim Meuwissen, City Clerk File No: SUMMARY BACKGROUND DISCUSSION RECOMMENDATION ATTACHMENTS Economic Development Commission Minutes dated December 15, 2021 2 CHANHASSEN ECONOMIC DEVELOPMENT COMMISSION REGULAR MEETING DECEMBER 15, 2021 Chairman Anderson called the meeting to order at 7:00 p.m. MEMBERS PRESENT: Jim Sanford, Ryan Soller, James Ebeling, Eric Anderson and David Kressler. MEMBERS ABSENT: None. STAFF PRESENT: Bob Generous, Senior Planner; Kate Aanenson, Community Development Director. PUBLIC PRESENT: Lee Hall, Next Stage APPROVAL OF MINUTES: Member Soller moved, Member Ebeling seconded to approve the Minutes of the Economic Development Commission meeting dated October 12, 2021 as presented. All voted in favor except Chair Eric Anderson who abstained and the motion carried with a vote of 4 to 0. GENERAL BUSINESS: 1. DISCUSS CREATING CRITERIA FOR GRANTING SEWER AVAILABILITY CHARGE (SAC) CREDIT Mr. Generous stated the City currently does not have a policy for providing the credit and right now there are about 17 SAC credits available. Chair Anderson asked if they are crediting the City charge or the Met Council charge. Mr. Generous replied it is the City payment and they generally collect it from businesses as part of the building permit process. Ms. Aanenson shared that for a small business person the credit can make a big difference. Chair Anderson agreed it is a huge difference. He has seen that the amount of charges between SAC, WAC, etc. has doubled to the point where a project like he is working on with senior housing it is $12-13 dollars per foot of construction cost. It is impactful to small and large 3 Economic Development Commission – December 15, 2021 2 businesses. He encouraged the ability to have a SAC credit policy and thinks it is a great idea but with 17 SAC credits they cannot go far. Ms. Aanenson replied that is correct and right now they are looking to help some of those smaller businesses and entrepreneurs and looking to the Commissioners to see if there is any additional criteria. The Commissioners and Staff discussed criteria and options going forward, including limiting the credit to businesses rather than housing developments, and the fact that it could help new businesses to come into the City. Ms. Aanenson and Staff will put something together and bring it back for the Commissioners input. 2. REVIEW 2021 WORK PLAN, COMMISSION GOALS AND BYLAWS Mr. Generous noted they will be coming into a new year and should look forward to what the plan should be for 2022. He noted it must be adopted by April, 2022. The Commissioners discussed the item, noting it would be helpful to the EDC to have guidance from the City Council as to what they would like the EDC to focus on. They would also like to have a joint meeting with the City C ouncil and Planning Commission to talk through some of these things. The Commissioners talked about potential focus areas including a business subsidy program, Sewer Access Charges (SAC) and Water Access Charges (WAC), hotel tax, a survey for businesses, and developer feedback. Chair Anderson asked the Commissioners to think about what they would like to see in 2022 and come back to the January meeting ready to share ideas. ADMINISTRATIVE PRESENTATIONS: 1. SMALL AND NEW BUSINESS Lee Hall gave a presentation, noting he is from Next Stage which is a non-profit organization that works in the space of entrepreneurial development. He has been partnering with Carver County since 2012 and noted the things to succeed in small business are tools, skills, know-how, passion, and resources. Next Stage tries to address these pieces through one-on-one consulting with entrepreneurs as well as being a small business lender. He noted it is very busy right now with lots of activity and entrepreneurs coming in; many people have left their jobs and are looking for a different work situation. While at one time entrepreneurialism was not on their agenda, many are now looking at that option and exploring how they want to work and live. Mr. Hall noted there are a lot of funds and resources available to small business owners right now, and stated inflation is up. The technology divide is a big factor in businesses right now and Next Stage has processed many grants from the CARES Act; those who embraced new technologies 4 Economic Development Commission – December 15, 2021 3 and ways to interact with customers online during COVID-19 saw more success than those who were reluctant to utilize technologies and many of those are struggling. The advice he has for small businesses is to make the technology changes needed because the world is upside down and people are dealing with change on a regular basis. Now is the time to do it. CORRESPONDENCE DISCUSSION: 1. GOVERNOR'S COUNCIL ON ECONOMIC EXPANSION RECOMMENDATIONS ADJOURNMENT: Chair Anderson adjourned the Economic Development Commission meeting at 7:47 p.m. Submitted by Bob Generous Senior Planner Prepared by Kim Meuwissen City Clerk 5 Economic Development Commission Item January 11, 2022 Subject Review Sewer Availability Charge (SAC) Credit Section GENERAL BUSINESS Item No: D.1 Prepared By Bob Generous, Senior Planner File No: SUMMARY Approve motion recommending adding the Sewer Availability Charge (SAC) credit priority to the City's Business Subsidy policy. BACKGROUND At the December 15, 2021 EDC meeting, the commission reviewed other communities' policies and discussed potential criteria for directing the use of SAC credits. DISCUSSION Based on staff's notes, we have prepared the following policy guidelines. RECOMMENDATION Staff recommends the EDC approve a motion to incorporate the following policy in the City's Business Subsidy policy as an Economic Development Incentive Program: 4. Sewer Availability Charge (SAC) Credit. The Metropolitan Council Environmental Services (MCES) charges the sewer availability charge (SAC) directly to local governments, pursuant to Minnesota Statutes section 473.517 subd. (3). SAC credits are created when the MCES determines that a change in use or elimination of a use permanently frees up sewer capacity (in SAC units) within a local jurisdiction. SAC credit policy shall prioritize the following: 1. Expanding existing businesses. 2. Bringing new or unique businesses to the community. 3. Providing additional employment opportunities (quality or quantity). 4. Targeting small businesses. ATTACHMENTS Business Subsidy Guidelines 6 7 City of Chanhassen Business Subsidy Guidelines Approved October 11, 1999 Amended April 28, 2003 Amended September 24, 2018 8 1 CITY OF CHANHASSEN BUSINESS SUBSIDY GUIDELINES GENERAL PURPOSE Economic development incentives are financial tools that enable the City of Chanhassen to provide opportunities and benefits for its businesses and residents. Incentives can take a variety of forms, including, but not limited to: grants, tax increment financing, tax abatement, and sewer access credits. The City of Chanhassen provides economic development incentives in order to achieve its long-range vision of creating a diverse and sustainable economic base. This is achieved in part through the creation and retention of quality, high paying jobs. A diverse and sustainable economy offers opportunity for improved quality of life for the residents of Chanhassen. Economic development projects may also achieve other worthwhile goals. For instance, some projects provide value to the community in the forms of infrastructure improvements, stabilization of business districts or neighborhoods, or concentration of selected industries. The City of Chanhassen reserves the right to approve or reject subsidies for projects on a case-by- case basis, taking into consideration established policies, project criteria, and demand on City services in relation to the potential benefits from the project. Meeting the guidelines in this document does not guarantee the award of business assistance to the project. Approval or denial of one project is not intended to set precedent for approval or denial of another project. The City of Chanhassen can deviate from these guidelines for projects that supersede the objectives identified herein. Any applicant who is not in good standing with the City, in regards to licenses, fees or other specific charges, will not be considered for business subsidies. OBJECTIVES The City of Chanhassen may consider offering a business subsidy or incentive in order for a project to achieve one or more of the following objectives: • To increase the City’s tax base. • To retain local jobs and/or increase the number and diversity of jobs that offer stable employment and/or attractive wages and benefits. Preference will be given to higher paying jobs that also provide benefits such as health care coverage. • To support projects that provide value in the forms of needed transportation and other utility infrastructure improvements that would be completed in conjunction with the project. • To encourage additional unsubsidized private development in the area, either directly or indirectly through “spin off” development. • To facilitate the development process and to achieve development on sites which would not otherwise be developed but for the use of a business subsidy. • To remove blight and/or encourage redevelopment of commercial and industrial areas that will result in high-quality redevelopment and private reinvestment. 9 2 • To offset increased costs of redevelopment (i.e. contaminated site clean-up) over and above the costs normally incurred in development. • To create opportunities for a diversification of housing stock available within the community. • To support a project that will improve the quality of life in the City by providing a desirable good or service and addressing an unmet demand in the community. • To contribute to the implementation of other public policies, as adopted by the City from time to time, such as the promotion of energy conservation, and decreasing capital and/or operating costs of local government. • To support the retention and/or adaptive re-use of buildings of historical or architectural significance. ECONOMIC DEVELOPMENT INCENTIVE PROGRAMS The application and subsequent use of these programs is at the discretion of the Chanhassen City Council, and may include additional applications, policies, and procedures. 1) Tax Abatement: The City of Chanhassen is granted the power to utilize tax abatement by the State of Minnesota. The fundamental purpose of tax abatement is to encourage desirable development or redevelopment that would not otherwise occur but for the assistance provided through the tax abatement. The City utilizes “Pay-As-You-Go” Tax Abatement, which relies on the developer to pay for the up-front project costs with reimbursement from tax abatement. 2) Tax Increment Financing: The City of Chanhassen is granted the power to utilize tax increment financing (TIF) by the State of Minnesota. The fundamental purpose of TIF is to encourage desirable development or redevelopment that would not otherwise occur but for the assistance provided through TIF. The City utilizes “Pay-As-You-Go” TIF, which relies on the developer to pay for the up-front project costs with reimbursement from tax increment. 3) MN DEED Programs: There are a variety of programs available through the State of Minnesota DEED division. They include the Job Creation Fund and Minnesota Investment Fund, among others. In order for a business to utilize these programs it is typical for MN DEED to ask for support and cooperation from the city. Chanhassen has worked with MN DEED in the past on projects and would consider the use of these programs in the future on a case-by-case basis. APPLICATION PROCESS 1. The City reserves the right to: a) Request additional information. b) Deny any application. c) Select a third party administrator to assist in the management of the process. 10 3 2. Applicant should retain and be assisted by qualified financial consultants and/or underwriters, and legal counsel. 3. Construction of the project shall not be commenced until the City has given preliminary approval to the application for financing. Any advanced planning or construction completed will be done at the sole risk of the applicant. 4. Applicants should complete the appropriate planning application, and include a plans and/or narratives that outline the following: a) The specific request (program, amount) b) The reasoning and need for assistance c) Description of the company d) A concept plan and description of the project e) The number of jobs created and total compensation (breakdown of wages and benefits) f) Impact to the tax base g) Other impacts to the community h) Traffic demands i) Infrastructure demands and/or needs j) Any additional information that would be helpful to staff and City Council 5. Development must be of the highest quality with high quality building materials and landscaping as agreed between the City and the Developer. 6. If establishing a TIF district, the developer must pay all costs of establishing the district unless the City agrees to allow costs to come out of the district. 7. All projects must be consistent with Chanhassen’s Comprehensive Plan and any other similar plan or guide for development of the community. ADDITIONAL INFORMATION 1. City staff will review the data and make preliminary recommendations to the City Council as to compliance of the application and proposed project with City objectives, and business subsidy criteria, and Comp Plan. 2. After evaluation of the formal recommendation, the City Council will consider approval of the establishment of the Business Subsidy and hold the appropriate hearings. 3. All applications and supporting materials and documents shall become the property of the City. g:\admin\cp\economic development\business subsidy\business subsidy guidelines - 2018 final.docx 11 Economic Development Commission Item January 11, 2022 Subject Discuss 2022 Work Plan Section GENERAL BUSINESS Item No: D.2 Prepared By Bob Generous, Senior Planner File No: SUMMARY The Economic Development Commission (EDC) shall discuss goals of the commission, review progress in meeting the goals and develop a work program for 2022. BACKGROUND As an advisory body to the City Council with the responsibility of researching, reviewing, and making recommendations on issues related to economic development, the Economic Development Commission will review ways in which the City can expand existing businesses, attract desirable new business, and revitalize existing businesses and the community as a whole. DISCUSSION For 2021, staff had submitted the following work program for the EDC: 2021 WORK PROGRAM Projects Staff encouraged the EDC to concentrate their efforts in 2021 on the following projects: Develop a strategic plan for economic development for the city. Cooperate and coordinate with Buy Chanhassen and the Southwest Area Chamber of Commerce on promoting business retention, expansion and recruitment to Chanhassen. Create a feedback survey for developers and business owners to be used to understand and improve city interaction with the development and business community. Investigate a signage idea/plan for the promotion of businesses in the downtown. Work with the school district and Chanhassen businesses to market job opportunities and support the creation of local jobs. City Code Staff shall submit City Code amendments to the EDC for comments relative to economic development. 12 Educational Opportunities 1. Comprehensive Plan - The city adopted the 2040 Comprehensive Plan on February 10, 2020. Staff will bring some chapters of the 2040 Comprehensive Plan to the EDC for discussion and review in conjunction with economic development. 2. Miscellaneous - Staff will provide periodic items to the EDC as the schedule and time permit. Some items may include housing demands and trends, demographic statistics, mixed-use development, sustainable development, development trends, redevelopment issues, transportation projects, senior-friendly cities, etc. RECOMMENDATION Staff requests that the EDC discuss and evaluate a potential work program for 2022. At the February meeting, staff will provide the annual report, which must be submitted to City Council, as well as the 2022 work program. Staff recommends inclusion of the following in the work program for 2022: 1. Develop a strategic plan for economic development for the city. 2. Cooperate and coordinate with Buy Chanhassen and the Southwest Area Chamber of Commerce on promoting business retention, expansion and recruitment to Chanhassen. 3. Work with Planning Staff to review and recommend City Code amendments relative to economic development. 4. Review Carver County Community Development Agency, CDA, assistance and resources available to Chanhassen Businesses. 5. Upon hiring an Economic Development Manager, the EDC will work to increase partnerships with the business community. 6. Continuing education including housing demand and trends, demographic statistics, mixed-use development, sustainable development, development trends, redevelopment issues, transportation projects, senior-friendly cities, etc. 7. Participate in joint meetings/discussion with City Council and other commissions. ATTACHMENTS EDC 2020 Goals 13 EDC Goals Primary 2020 Goals 1.Create a Business Subsidy program using either a levy, abatement, TIF or other financing mechanism to help offset costs of barrier of entry. 2.Look for ways the EDC can encourage local businesses to communicate more frequently and effectively with other local businesses, city staff, elected officials, commissions, Buy Chanhassen and the SW Chamber. 3.Have staff prepare a feedback survey for developers and potential business owners at the various points of contact with city staff. This would include the planning department after a developer has completed a development process and the building department after a business has gone through an improvement project. 4.Improve walkability/connectivity of the downtown, in particular over highway 5. 5.Have the EDC along with Buy Chanhassen/SW Chamber support the creation of a local job fair in the City. This could include part time, seasonal and other full time opportunities for employment in the City of Chanhassen. The event could be held at a City gathering place. Other Future Goals Understanding of how to attempt diversification of local businesses in terms of size and types of business. Look to attain more entertainment retail (ex. Top Golf) Define vision of business community in the City of Chanhassen. Do we want our business community to look more like Minnetonka/Eden Prairie or Hopkins. Be more proactive rather than reactive in attracting local businesses while still following the comprehensive plan. Engage residents and various city groups to help them understand impact of goals and growth in the city. Facilitate economic growth of existing businesses both with employment and improving the quality of life for our residents. Use advertising/marketing to draw residents from other cities to Chanhassen businesses. Recruit successful businesses from other communities to Chanhassen. Create business cards for the members of the EDC in order for them to identify themselves and share their contact information with local businesses. Increase/Improve internet connectivity for local business community. Improve city competitiveness by making sure it is move in ready for all forms of business. Engage with Buy Chanhassen and Southwest Chamber of Commerce to bring more light to Chanhassen businesses. Increase awareness of local public transportation-SW Metro Employment opportunities Attempt to assist local businesses with the creation of a Health Insurance Consortium in order for local businesses to be more attractive for employment opportunities. Considerations for City Council 14 1.The EDC would be strongly supportive of the building of a public facility that encompasses large gathering spaces in a multi-use facility that brings increased traffic and visitors to the City of Chanhassen. The facility could host local business meetings, small conferences, and resident gathering events. 2.The EDC strongly supports a local lodging tax for the creation and financial support of a Visitors/Convention Bureau. 3.The EDC believes there is a high need for affordable housing to assist our local businesses. The lack of affordable housing makes it difficult for small businesses to draw on local employees for its operations. The EDC strongly encourages the City Council to consider offering assistance for an affordable housing TIF district project. Potential Business Subsidy Program Areas 1. A subsidy program to incentivize new Entertainment Businesses within the City of Chanhassen. The subsidy could be a low interest micro loan program funded in part by an HRA/EDA levy. 2. A current/existing business subsidy program for small local businesses that need assistance during difficult economic downturns in varying business sectors. The program could be in the form of a low interest micro loan or a small grant program for certain qualifying expenses. 3. In order to encourage new small businesses to move to Chanhassen or to start a new business in Chanhassen the creation of a business subsidy program. The program could be a low interest micro loan program, a Waiver of Utility Connection fees for new SAC units, a small business incubator lease assistance program or a Jobs for Fees program similar to one created by the City of Jordan. Most of these would require a HRA/EDA levy or a waiver of a small amount of Utility Connection revenues. 15 Economic Development Commission Item January 11, 2022 Subject 2022 Economic Development Commission Meeting Schedule Section CORRESPONDENCE DISCUSSION Item No: E.1 Prepared By Bob Generous, Senior Planner File No: SUMMARY 2022 Meeting Schedule: Tuesday, January 11, 2022 Tuesday, February 8, 2022 Tuesday, March 8, 2022 Tuesday, April 12, 2022 Tuesday May 10, 2022 Tuesday, June 14, 2022 Tuesday, July 12, 2022 Wednesday, August 10, 2022 Tuesday, September 13, 2022 Tuesday, October 11, 2022 Wednesday, November 9, 2022 Wednesday, December 14, 2022 BACKGROUND DISCUSSION The Economic Development Commission normally meets on the second Tuesday of the month. However, in August, November and December, the EDC will be meeting on the second Wednesday of the month due to elections in August and November and a conflict with the Park & Recreation Commission in December. RECOMMENDATION ATTACHMENTS 16