HomeMy WebLinkAboutCity Council Packet 07-13-2004 SpecialAgenda
City of Plymouth
Special City Council Meeting
Tuesday, July 13, 2004
5:30 p.m.
Public Safety Training Room
3400 Plymouth Blvd.
1. Call to Order
2. Discuss State law requirement that the City adopt a Business
Assistance Policy
3. Discuss providing financial assistance to AGA Medical for expanding
and renovating the building at 9700 Schmidt Lake Road
4. Set future Study Session topics
5. Adj ourn
Agenda Number:
TO: Laurie Ahrens, City Manager
Anne Hurlburt CommunitFROM:
JAcnd ,
ousmg Program Manager, through y
Development Director
SUBJECT: State Law Requirement that Plymouth Adopt a Business Subsidy Policy
DATE: July 2, 2004 for the Special City Council Meeting of July 13, 2004
1. PROPOSED ACTION:
Review the attached draft Business Subsidy Policy and direct staff to make any changes
necessary and direct staff to set a public hearing for the adoption of this policy.
2. BACKGROUND:
Minnesota State Statute 116J.993 -116J.995 requires local government agencies to adopt a
policy that regulates business subsidies. "A business subsidy or subsidy means a state or
local government agency grant, contribution of real property, personal property,
infrastructure, the principle amount of a loan at rates below those commercially available to
the recipient, any reduction or deferral of any tax or any fee, any guarantee of any payment
under any loan, lease, or other obligation, or any preferential use of government facilities
given to a business. " The Statute does provide a number of exclusions to this definition
including: subsidies less than $25,000; redevelopment of polluted property; assistance for
housing; and funds from bonds allocated under chapter 474A (i.e. Industrial Development
Revenue Bonds). Attached is the Statute, which provides the complete list of exclusions.
Until now, the City of Plymouth has not needed this policy because we have not provided any
subsidy to a business that is required under the above mentioned statute. In 1996, as part of
the Department of Trade and Economic Development's loan to Value Rx, the City received
100,000 to use as seed money for an economic development revolving loan program. The
Plymouth Economic Development Fund has seen no activity until recently. In the past couple
of months staff has received requests from a couple of businesses that are interested in
locating in Plymouth and would like to utilize our program if possible. Staff has also had
discussions with developers for commercial projects about the possibility of using the tax
abatement laws, which would be considered a business subsidy in some cases. The Plymouth
Housing and Redevelopment Authority discussed this policy at their July 2003 regular
meeting and adopted a resolution approving the policy with no modifications.
3. DISCUSSION:
The business subsidy statute requires that a local unit of government establish a set of criteria
that will be used in awarding business subsidies. The criteria must set specific minimum
requirements that all recipients must meet in order to be considered to receive a business
subsidy.
The criteria must include specific wage and job goals. For the wage goals, the City may
establish a floor (minimum wage) by using a formula that will generate a specific amount or
it can simply be a specific dollar amount. Staff has researched what other cities are using and
has attached a list of the wage floors used by a number of communities. As is indicated by
the attached list, there are different ways for a community to determine wage goals. Some
communities index their wage floors by using a percent of their median income or a certain
percent of the federal minimum wage, while others simple provide a certain wage rate.
After reviewing policies in other communities and evaluating the current and prospective
business market in Plymouth, staff recommends the City of Plymouth should set as its wage
floor 200% of the federal minimum wage. The federal minimum wage currently is $5.15 and
200% would be $10.30. The reason for this is that many of the new businesses being started
are in the retail sector, which typically has a lower wage scale for their employees than those
in the manufacturing industry. The business subsidy law does allow for a city to deviate from
the wage and job goals provided they document the reason for the deviation and provide the
information in their next annual report.
4. BUDGET IMPACT:
By establishing a Business Subsidy policy, the City is not committing any financial resources
to a business or any program to assist businesses. There is a possibility of future impacts on
the City's budget; however, it is unknown what the impact would be. Each request would be
unique and the City will consider numerous aspects of the proposed project in addition to any
subsidy request.
5. RECOMMENDATION:
Review the attached draft Business Subsidy Policy and direct staff to make any changes
necessary and direct staff to set a public hearing for the adoption of this policy.
ATTACHMENTS:
1. Minnesota Statutes 116J.993 — 116J.995
2. Wage Floor Survey
3. Draft Plymouth Business Subsidy Policy
Minnesota Statutes 2002, 116J.993
Minnesota Statutes 2002, Table of Chapters
Table of contents for Chapter 116J
116J.993 Definitions.
Subdivision 1. Scope. For the purposes of sections
116J.993 to 116J.995, the terms defined in this section have the
meanings given them.
Subd. 2. Benefit date. "Benefit date" means the date
that the recipient receives the business subsidy. If the
business subsidy involves the purchase, lease, or donation of
physical equipment, then the benefit date begins when the
recipient puts the equipment into service. If the business
subsidy is for improvements to property, then the benefit date
refers to the earliest date of either:
1) when the improvements are finished for the entire
project; or
2) when a business occupies the property. If a business
occupies the property and the subsidy grantor expects that other
businesses will also occupy the same property, the grantor may
assign a separate benefit date for each business when it first
occupies the property.
Subd. 3. Business subsidy. "Business subsidy" or
subsidy" means a state or local government agency grant,
contribution of personal property, real property,
infrastructure, the principal amount of a loan at rates below
those commercially available to the recipient, any reduction or
deferral of any tax or any fee, any guarantee of any payment
under any loan, lease, or other obligation, or any preferential
use of government facilities given to a business.
The following forms of financial assistance are not a
business subsidy:
1) a business subsidy of less than $25,000;
2) assistance that is generally available to all
businesses or to a general class of similar businesses, such as
a line of business, size, location, or similar general criteria;
3) public improvements to buildings or lands owned by the
state or local government that serve a public purpose and do not
principally benefit a single business or defined group of
businesses at the time the improvements are made;
4) redevelopment property polluted by contaminants as
defined in section 116J.552, subdivision 3;
5) assistance provided for the sole purpose of renovating
old or decaying building stock or bringing it up to code and
assistance provided for designated historic preservation
districts, provided that the assistance is equal to or less than
50 percent of the total cost;
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Minnesota Statutes 2002, 116J.993
6) assistance to provide job readiness and training
services if the sole purpose of the assistance is to provide
those services;
7) assistance for housing;
8) assistance for pollution control or abatement,
including assistance for a tax increment financing hazardous
substance subdistrict as defined under section 469.174,
subdivision 23;
9) assistance for energy conservation;
10) tax reductions resulting from conformity with federal
tax law;
11) workers' compensation and unemployment compensation;
12) benefits derived from regulation;
13) indirect benefits derived from assistance to
educational institutions;
14) funds from bonds allocated under chapter 474A, bonds
issued to refund outstanding bonds, and bonds issued for the
benefit of an organization described in section 501(c)(3) of the
Internal Revenue Code of 1986, as amended through December 31,
1999;
15) assistance for a collaboration between a Minnesota
higher education institution and a business;
16) assistance for a tax increment financing soils
condition district as defined under section 469.174, subdivision
19;
17) redevelopment when the recipient's investment in the
purchase of the site and in site preparation is 70 percent or
more of the assessor's current year's estimated market value;
18) general changes in tax increment financing law and
other general tax law changes of a principally technical nature;
19) federal assistance until the assistance has been
repaid to, and reinvested by, the state or local government
agency;
20) funds from dock and wharf bonds issued by a seaway
port authority;
21) business loans and loan guarantees of $75,000 or less;
and
22) federal loan funds provided through the United States
Department of Commerce, Economic Development Administration.
Subd. 4. Grantor. "Grantor" means any state or local
government agency with the authority to grant a business subsidy.
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Minnesota Statutes 2002, 116J.993
Subd. 5. Local government agency. "Local government
agency" includes a statutory or home rule charter city, housing
and redevelopment authority, town, county, port authority,
economic development authority, community development agency,
nonprofit entity created by a local government agency, or any
other entity created by or authorized by a local government with
authority to provide business subsidies.
Subd. 6. Recipient. "Recipient" means any for-profit
or nonprofit business entity that receives a business subsidy.
Only nonprofit entities with at least 100 full-time equivalent
positions and with a ratio of highest to lowest paid employee,
that exceeds ten to one, determined on the basis of full-time
equivalent positions, are included in this definition.
Subd. 7. State government agency. "State government
agency" means any state agency that has the authority to award
business subsidies.
HIST: 1999 c 243 art 12 s 1; 2000 c 482 s 1
Copyright 2002 by the Office of Revisor of Statutes, State of Minnesota.
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Minnesota Statutes 2002, 116J.994
Minnesota Statutes 2002, Table of Chapters
Table of contents for Chapter 116J
116J.994 Regulating local and state business subsidies.
Subdivision 1. Public purpose. A business subsidy
must meet a public purpose which may include, but may not be
limited to, increasing the tax base. Job retention may only be
used as a public purpose in cases where job loss is specific and
demonstrable.
Subd. 2. Developing a set of criteria. A business
subsidy may not be granted until the grantor has adopted
criteria after a public hearing for awarding business subsidies
that comply with this section. The criteria may not be adopted
on a case-by-case basis. The criteria must set specific minimum
requirements that recipients must meet in order to be eligible
to receive business subsidies. The criteria must include a
specific wage floor for the wages to be paid for the jobs
created. The wage floor may be stated as a specific dollar
amount or may be stated as a formula that will generate a
specific dollar amount. A grantor may deviate from its criteria
by documenting in writing the reason for the deviation and
attaching a copy of the document to its next annual report to
the department. The commissioner of trade and economic
development may assist local government agencies in developing
criteria. A copy of the criteria must be submitted to the
department of trade and economic development along with the
first annual report following the enactment of this section or
with the first annual report after it has adopted criteria,
whichever is earlier.
Subd. 3. Subsidy agreement. (a) A recipient must
enter into a subsidy agreement with the grantor of the subsidy
that includes:
1) a description of the subsidy, including the amount and
type of subsidy, and type of district if the subsidy is tax
increment financing;
2) a statement of the public purposes for the subsidy;
3) measurable, specific, and tangible goals for the
subsidy;
4) a description of the financial obligation of the
recipient if the goals are not met;
5) a statement of why the subsidy is needed;
6) a commitment to continue operations in the jurisdiction
where the subsidy is used for at least five years after the
benefit date;
7) the name and address of the parent corporation of the
recipient, if any; and
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8) a list of all financial assistance by all grantors for
the project.
b) Business subsidies in the form of grants must be
structured as forgivable loans. For other types of business
subsidies, the agreement must state the fair market value of the
subsidy to the recipient, including the value of conveying
property at less than a fair market price, or other in-kind
benefits to the recipient.
c) If a business subsidy benefits more than one recipient,
the grantor must assign a proportion of the business subsidy to
each recipient that signs a subsidy agreement. The proportion
assessed to each recipient must reflect a reasonable estimate of
the recipient's share of the total benefits of the project.
d) The state or local government agency and the recipient
must both sign the subsidy agreement and, if the grantor is a
local government agency, the agreement must be approved by the
local elected governing body, except for the St. Paul Port
Authority and a seaway port authority.
e) Notwithstanding the provision in paragraph (a), clause
6), a recipient may be authorized to move from the jurisdiction
where the subsidy is used within the five-year period after the
benefit date if, after a public hearing, the grantor approves
the recipient's request to move. For the purpose of this
paragraph, if the grantor is a state government agency other
than the iron range resources and rehabilitation board,
jurisdiction" means a city or township.
Subd. 4. Wage and job goals. The subsidy agreement,
in addition to any other goals, must include: (1) goals for the
number of jobs created, which may include separate goals for the
number of part-time or full-time jobs, or, in cases where job
loss is specific and demonstrable, goals for the number of jobs
retained; and (2) wage goals for the jobs created or retained.
After a public hearing, if the creation or retention of jobs is
determined not to be a goal, the wage and job goals may be set
at zero.
In addition to other specific goal time frames, the wage
and job goals must contain specific goals to be attained within
two years of the benefit date.
Subd. 5. Public notice and hearing. (a) Before
granting a business subsidy that exceeds $500,000 for a state
government grantor and $100,000 for a local government grantor,
the grantor must provide public notice and a hearing on the
subsidy. A public hearing and notice under this subdivision is
not required if a hearing and notice on the subsidy is otherwise
required by law.
b) Public notice of a proposed business subsidy under this
subdivision by a state government grantor, other than the iron
range resources and rehabilitation board, must be published in
the State Register. Public notice of a proposed business
subsidy under this subdivision by a local government grantor or
the iron range resources and rehabilitation board must be
published in a local newspaper of general circulation. The
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Minnesota Statutes 2002, 116J.994
public notice must identify the location at which information
about the business subsidy, including a summary of the terms of
the subsidy, is available. Published notice should be
sufficiently conspicuous in size and placement to distinguish
the notice from the surrounding text. The grantor must make the
information available in printed paper copies and, if possible,
on the Internet. The government agency must provide at least a
ten-day notice for the public hearing.
c) The public notice must include the date, time, and
place of the hearing.
d) The public hearing by a state government grantor other
than the iron range resources and rehabilitation board must be
held in St. Paul.
e) If more than one nonstate grantor provides a business
subsidy to the same recipient, the nonstate grantors may
designate one nonstate grantor to hold a single public hearing
regarding the business subsidies provided by all nonstate
grantors. For the purposes of this paragraph, "nonstate
grantor" includes the iron range resources and rehabilitation
board.
Subd. 6. Failure to meet goals. The subsidy
agreement must specify the recipient's obligation if the
recipient does not fulfill the agreement. At a minimum, the
agreement must require a recipient failing to meet subsidy
agreement goals to pay back the assistance plus interest to the
grantor or, at the grantor's option, to the account created
under section 116J.551 provided that repayment may be prorated
to reflect partial fulfillment of goals. The interest rate must
be set at no less than the implicit price deflator for
government consumption expenditures and gross investment for
state and local governments prepared by the bureau of economic
analysis of the United States Department of Commerce for the
12 -month period ending March 31 of the previous year. The
grantor, after a public hearing, may extend for up to one year
the period for meeting the wage and job goals under subdivision
4 provided in a subsidy agreement. A grantor may extend the
period for meeting other goals under subdivision 3, paragraph
a), clause (3), by documenting in writing the reason for the
extension and attaching a copy of the document to its next
annual report to the department.
A recipient that fails to meet the terms of a subsidy
agreement may not receive a business subsidy from any grantor
for a period of five years from the date of failure or until a
recipient satisfies its repayment obligation under this
subdivision, whichever occurs first.
Before a grantor signs a business subsidy agreement, the
grantor must check with the compilation and summary report
required by this section to determine if the recipient is
eligible to receive a business subsidy.
Subd. 7. Reports by recipients to grantors. (a) A
business subsidy grantor must monitor the progress by the
recipient in achieving agreement goals.
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Minnesota Statutes 2002, 116J.994
b) A recipient must provide information regarding goals
and results for two years after the benefit date or until the
goals are met, whichever is later. If the goals are not met,
the recipient must continue to provide information on the
subsidy until the subsidy is repaid. The information must be
filed on forms developed by the commissioner in cooperation with
representatives of local government. Copies of the completed
forms must be sent to the local government agency that provided
the subsidy or to the commissioner if the grantor is a state
agency. If the iron range resources and rehabilitation board is
the grantor, the copies must be sent to the board. The report
must include:
1) the type, public purpose, and amount of subsidies and
type of district, if the subsidy is tax increment financing;
2) the hourly wage of each job created with separate bands
of wages;
3) the sum of the hourly wages and cost of health
insurance provided by the employer with separate bands of wages;
4) the date the job and wage goals will be reached;
5) a statement of goals identified in the subsidy
agreement and an update on achievement of those goals;
6) the location of the recipient prior to receiving the
business subsidy;
7) why the recipient did not complete the project outlined
in the subsidy agreement at their previous location, if the
recipient was previously located at another site in Minnesota;
8) the name and address of the parent corporation of the
recipient, if any;
9) a list of all financial assistance by all grantors for
the project; and
10) other information the commissioner may request.
A report must be filed no later than March 1 of each year for
the previous year. The local agency and the iron range
resources and rehabilitation board must forward copies of the
reports received by recipients to the commissioner by April 1.
c) Financial assistance that is excluded from the
definition of "business subsidy" by section 116J.993,
subdivision 3, clauses (4), (5), (8), and (16), is subject to
the reporting requirements of this subdivision, except that the
report of the recipient must include instead:
1) the type, public purpose, and amount of the financial
assistance, and type of district if the assistance is tax
increment financing;
2) progress towards meeting goals stated in the assistance
agreement and the public purpose of the assistance;
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Minnesota Statutes 2002, 116J.994
3) if the agreement includes job creation, the hourly wage
of each job created with separate bands of wages;
4) if the agreement includes job creation, the sum of the
hourly wages and cost of health insurance provided by the
employer with separate bands of wages;
5) the location of the recipient prior to receiving the
assistance; and
6) other information the grantor requests.
d) If the recipient does not submit its report, the local
government agency must mail the recipient a warning within one
week of the required filing date. If, after 14 days of the
postmarked date of the warning, the recipient fails to provide a
report, the recipient must pay to the grantor a penalty of $100
for each subsequent day until the report is filed. The maximum
penalty shall not exceed $1,000.
Subd. 8. Reports by grantors. (a) Local government
agencies of a local government with a population of more than
2,500 and state government agencies, regardless of whether or
not they have awarded any business subsidies, must file a report
by April 1 of each year with the commissioner. Local government
agencies of a local government with a population of 2,500 or
less are exempt from filing this report if they have not awarded
a business subsidy in the past five years. The report must
include a list of recipients that did not complete the recipient
report required under subdivision 7 and a list of recipients
that have not met their job and wage goals within two years and
the steps being taken to bring them into compliance or to recoup
the subsidy.
If the commissioner has not received the report by April 1
from an entity required to report, the commissioner shall issue
a warning to the government agency. If the commissioner has
still not received the report by June 1 of that same year from
an entity required to report, then that government agency may
not award any business subsidies until the report has been filed.
b) The commissioner of trade and economic development must
provide information on reporting requirements to state and local
government agencies.
Subd. 9. Compilation and summary report. The
department of trade and economic development must publish a
compilation and summary of the results of the reports for the
previous calendar year by August 1 of each year. The reports of
the government agencies to the department and the compilation
and summary report of the department must be made available to
the public.
The commissioner must coordinate the production of reports
so that useful comparisons across time periods and across
grantors can be made. The commissioner may add other
information to the report as the commissioner deems necessary to
evaluate business subsidies. Among the information in the
summary and compilation report, the commissioner must include:
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Minnesota Statutes 2002, 116J.994
1) total amount of subsidies awarded in each development
region of the state;
2) distribution of business subsidy amounts by size of the
business subsidy;
3) distribution of business subsidy amounts by time
category;
4) distribution of subsidies by type and by public
purpose;
5) percent of all business subsidies that reached their
goals;
6) percent of business subsidies that did not reach their
goals by two years from the benefit date;
7) total dollar amount of business subsidies that did not
meet their goals after two years from the benefit date;
8) percent of subsidies that did not meet their goals and
that did not receive repayment;
9) list of recipients that have failed to meet the terms
of a subsidy agreement in the past five years and have not
satisfied their repayment obligations;
10) number of part-time and full-time jobs within separate
bands of wages; and
11) benefits paid within separate bands of wages.
Subd. 10. Compilation. The department of trade and
economic development must publish a compilation of granting
agencies' criteria policies adopted in the previous calendar
year by August 1 of each year.
HIST: 1999 c 243 art 12 s 2; 2000 c 482 s 2-11; 2001 c 7 s 28
Copyright 2002 by the Office of Revisor of Statutes, State of Minnesota.
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Minnesota Statutes 2002, 116J.995
Minnesota Statutes 2002, Table of Chapters
Table of contents for Chapter 116J
116J.995 Economic grants.
An appropriation rider in an appropriation to the
department of trade and economic development that specifies that
the appropriation be granted to a particular business or class
of businesses must contain a statement of the expected benefits
associated with the grant. At a minimum, the statement must
include goals for the number of jobs created, wages paid, and
the tax revenue increases due to the grant. The wage and job
goals must contain specific goals to be attained within two
years of the benefit date. The statement must specify the
recipient's obligation if the recipient does not attain the
goals. At a minimum, the statement must require a recipient
failing to meet the job and wage goals to pay back the
assistance plus interest to the department of trade and economic
development provided that repayment may be prorated to reflect
partial fulfillment of goals. The interest rate must be set at
no less than the implicit price deflator as defined under
section 116J.994, subdivision 6. The legislature, after a
public hearing, may extend for up to one year the period for
meeting the goals provided in the statement.
HIST: 1999 c 243 art 12 s 3; 2000 c 482 s 12; 2001 c 7 s 29
Copyright 2002 by the Office of Revisor of Statutes, State of Minnesota.
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Business Subsidy Policy
Wage Floor Survey
Burnsville Federal Minimum Wage* (under consideration)
Dakota County CDA 150% of the Federal Minimum Wage*
City of Elk River $15.00
City of Northfield $10.28 (60% of Median Wage in Rice County)
City of Big Lake $12.00 (at least 50% of jobs) & $9.65 (for remaining 50%)
City of St. Cloud $12.80
City of Eden Prairie Case-by-case basis
The current federal minimum wage is $5.15
CITY OF PLYMOUTH
HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR
THE CITY OF PLYMOUTH, MINNESOTA
BUSINESS SUBSIDY POLICY
This Policy is adopted for purposes of the Business Subsidies Act (the "Act"), Minnesota Statues,
Sections 116J.993 through 116J.995. Terms used in this Policy are intended to have the same meanings
as if used in the Act, and this Policy shall apply only with respect to "subsidies" as defined by the Act if
and to the extend required thereby.
The City of Plymouth and the Housing and Redevelopment Authority in and for the City of Plymouth,
Minnesota (HRA) maintain policy documents, which speak to the general goals and objectives for the
provision of public assistance for private development or redevelopment activities. These documents
include, but are not limited to the current City Comprehensive Plan and the HRH's Strategic Plan.
While it is recognized that the creation of good paying jobs is a desirable goal, which benefits the
community, it must also be recognized that not all projects assisted with subsidies derive their public
purposes and importance solely by virtue of job creation. Worthwhile projects may provide value to the
community in the forms of infrastructure improvements, stabilization of business districts or
neighborhoods, or enhancement of economic diversity. In addition, the imposition of high job creation
requirements and high wage levels may be unrealistic and counter-productive in the face of larger
economic forces and the financial and competitive circumstances of an individual business.
With respect to subsidies, the determination of the number of jobs to be created and the wage levels
thereof shall be guided by the following principles and criteria:
1. Whether the project is consistent with the City's Comprehensive Plan, the
HRA Strategic Plan or otherwise is compatible with, or complementary to, the
City's development plans and objectives.
2. Whether the project will remove, prevent or reduce blight, utilize
underdeveloped properties, or otherwise protect or enhance property values
and the tax base.
3. Whether the use of a subsidy is necessary for the project or will result in
enhancements or improvements to the proposed project.
4. Whether the project will use public infrastructure contemplated for the project
or will facilitate the construction of public infrastructure identified as
necessary or beneficial for other properties as determined by the City Council.
5. Whether the project will prevent specific and demonstrable loss of jobs.
6. Whether the project will create new jobs, whether the jobs to be created pay
wages at a level beneficial to the community (jobs created must be generally
in excess of 200% of the current federal minimum wage), whether there are
broader public benefits related to the proposed business such as, but not
limited to, the hiring of a diversified work force, the provision of particular
employee or family benefits, or the hiring of city residents.
7. Whether the project will provide necessary or essential housing or other
community benefits, enhance economic or social diversity, stabilize the
community, affect existing businesses or properties, or otherwise have
demonstrable public benefits.
Whether the Project will significantly and adversely increase existing service
needs in the City.
The Remainder Of This Page Has Been Intentionally Left Blank]
Agenda Number:
TO: Lauri ,hZrep, City Manager
J
FROM: Ji,jues Barnes, Housing Programs Manager, through Anne Hurlburt,
Community Development Director
SUBJECT: AGA MEDICAL
DATE: July 6, 2004 for the Special City Council Meeting of July 13, 2004
1. PROPOSED ACTION
Provide direction to staff on whether the City should consider providing financial assistance to
AGA Medical for expanding and renovating the building at 9700 Schmidt Lake Road.
2. BACKGROUND
In May of 2004, the Council heard a presentation from AGA Medical Corporation (AGA)
regarding their company and their desire to renovate the former Qwest building at 9700 Schmidt
Lake Road, which AGA acquired in January of 2004. (See attached staff report from the May
25, 2004 meeting). At the May meeting, the Council directed staff to conduct an analysis of
financial assistance scenarios for both Tax Increment Financing and Tax Abatement.
3. POSSIBLE ASSISTANCE
Staff had our financial advisor Springsted, Inc. prepare four possible options for financial
assistance. The following table indicates the type, amount and basic terms of assistance.
Type of Assistance Maximum number I Maximum amount of assistance
of Years (principle and interest
Economic Development District 8 Years $1,781,080
fiscal disparities from outside of
the district
Tax Abatement (fiscal disparities
from outside the district)
Plymouth Revolving Loan Fund
15 years
Coordinated with
1sc mortgage
788,421
150,000
As the table indicates, the maximum available would be from an Economic Development Tax
Increment Finance district for 8 years, taking the fiscal disparities from outside of the district.
Taking the fiscal disparities from outside of the district means the burden for the fiscal disparities
portion will fall on all tax payers in the city and not just the taxpayer(s) inside the TIF district.
Typically the City has not created a district taking the fiscal disparities from outside the district,
unless there is a public purpose that benefits the entire City.
Additionally, the City could use tax abatement, in which taxes are still paid, but are applied to
the development purpose. The tax abatement scenarios represent only the new value of
improvements. Also, the figures in the above table are only the City's portion of property taxes
because this project does not meet Hennepin County's tax abatement guidelines and it is unlikely
that the Robbinsdale School district would consider abatement due to budget issues.
The City could also use the Plymouth Revolving Loan Fund that was funded through repayments
from the Value Rx loan in 1996. If the City chooses to use the Plymouth Revolving Loan Fund,
we would have to revise the guidelines allowing the entire amount to be loaned out at one time.
AGA has also indicated to staff that they will be applying to the Minnesota Department of
Employee and Economic Development (DEED) for additional assistance. Depending on the
type of assistance from DEED, the City may have to provide local funding to assist AGA in
order for their application to be considered.
The city would require AGA to comply with the city's business subsidy policy (yet to be
adopted), wage & job goals. The City could place additional requirements on AGA such as a
minimum assessment agreement and provisions that deal with the company moving or being sold
during a certain period of time. All of this would be negotiated with AGA as part of the
development agreement.
4. RECOMMENDATION
Provide direction to staff on whether the City should consider providing financial assistance to
AGA Medical for expanding and renovating the building at 9700 Schmidt Lake Road.
5. ATTACHEMENTS
A. May 25, 2004 staff report
B. Springsted's Financial Analysis
Agenda Number:
TO: Laurie Ahrens, City Manager
FROM: Anne Hurlburt, Community Development Director
James Barnes, Housing Programs Manager
SUBJECT: MEETING WITH AGA MEDICAL
DATE: May 17, 2004 for the Special City Council Meeting of May 25, 2004
1. ACTION REQUESTED
No action is requested at this time. The Council will be meeting with officials from AGA
Medical concerning their plans for the building at 9700 Schmidt Lake Road, and discuss what
assistance might be available from the City of Plymouth. If, after the meeting, the Council were
interested staff would work with AGA to bring forward a specific proposal.
2. BACKGROUND
AGA Medical Corporation (AGA) recently purchased the former Qwest building at 9700
Schmidt Lake Road. The 180,000 sq. ft. three-story office building sits on about 27 acres at the
northwest quadrant of the Highway 169/Schmidt Lake Rd. interchange. AGA is a medical
device manufacturer currently located in leased space in Golden Valley. The company's major
product is a device used to repair heart defects without the need for open-heart surgery. At the
special meeting, AGA will make a presentation about the company and its products.
This fast-growing company does not have room for expansion at their existing facility in Golden
Valley, and has already begun to remodel a part of the building for office space. They are
considering further remodeling and a possible major addition to the facility to bring all of the
company to the Plymouth location as a single, corporate -headquarters campus. They are
interested in finding out what assistance, if any, might be available from the City of Plymouth.
3. POSSIBLE ASSISTANCE
The primary tool that the City would have to assist AGA is tax abatement. Tax abatement refers
to the capture or deferral of property taxes due. The taxes are still paid, but are applied to the
development purpose. Unlike tax increment, tax abatement can be used to capture taxes on land
and existing buildings as well as ngW improvements. The captured taxes must be used to offset
the costs agreed to under an abatement agreement. Taxes may be abated by the County, City and
local school district for a period of up to 10-15 years. Each project is different and each taxing
jurisdiction evaluates the benefit to such a request. For this project, the goals do not meet
Hennepin County's Abatement Policy, and it is not likely the school district (Robbinsdale) would
be interested in participating. If only the City abates, then the maximum duration would be 15
years.
The process for tax abatement is much more simple than the process for setting up a tax
increment district. The City must hold a public hearing identifying the property and adopt a
resolution outlining the terms and conditions. The City would then enter into a development
agreement. Once this is completed, there are no additional steps required by the tax abatement
statute.
The City's Assessor currently has the AGA property valued at $5.4 million, which generates a
property tax in the amount of $201,420. The City's portion of this is approximately $44,312
22%). AGA Medical and their consultant have indicated that the potential expansion of the
building would add $10 million to the value. If this occurred the overall tax received on this
property would be approximately $574, 420. The City's portion, and the amount available to
abate, would be around $126,370 per year.
The city would require AGA to comply with the city's business subsidy policy (yet to be
adopted), wage & job goals. The City could place additional requirements on AGA such as a
minimum assessment agreement and provisions that deal with the company moving or being sold
during a certain period of time. All of this would be negotiated with AGA as part of the
development agreement.
Another tool that the City could use to assist AGA is its own Economic Development Loan
Fund. This program was funded from loan repayments from the Value Rx Project and currently
has $150,000 in the fund. The City has not yet issued loans from the fund. The current program
guidelines limit the amount of loans to $50,000. The program guidelines would need to be
changed (and approved by the Minnesota Department of Employee and Economic Development
DEED) in order to exceed that amount.
Staff has considered whether Tax Increment Financing (TIF) would be a possible tool for
assisting this project. It appears that this site would potentially be eligible for an economic
development district. However, staff is not sure this would be the best option due to the higher
costs to setting up this type of district and the more stringent statutory requirements and
monitoring placed on tax increment districts by the State.
4. RECOMMENDATION
Staff recommends that the City Council meeting with officials from AGA Medical concerning
their plans, and give direction to staff for any future assistance to the company that the Council
may wish to consider.
Assumptions Report
City of Plymouth, Minnesota
Tax Increment Financing (Economic Development) District No. x
AGA Medical Project
Scenario A - EMV $16.4 million - FD outside District
Type of Tax Increment Financing District Economic Development
Maximum Duration of TIF District 8 years from 1st increment
Projected Certification Request Date
Decertification Date
Base Estimated Market Value
Original Net Tax Capacity
Base Estimated Market Value
Increase in Estimated Market Value
Total Estimated Market Value
Total Net Tax Capacity
City of Plymouth
Hennepin County
ISD #281
Other
Local Tax Capacity Rate
10/01/04
12/31/14 (8 Years of Increment)
2004/2005
5,414,000
107,530
Assessment/Collection Year
2004/2005 2005/2006 2006/2007 2007/2008
5,414,000 $5,414,000 $5,414,000 5,414,000
0 0 10,986,000 10,986,000
5,414,000 $5,414,000 $16,400,000 16,400,000
Fiscal Disparities Contribution From TIF District
Administrative Retainage Percent (maximum = 10%)
Pooling Percent
107,530 $107,530 $327,250 $327,250
23.922%
47.324%
34.258%
7.488%
112.992% 2003/2004
0.0000%
10.00%
0.00%
Bonds - Note (Pay -As -You -Go)
Bonds Dated 10/01/04 Note Dated 10/01/04
Bond Issue @ 0.00% (NIC) $0 Note Rate 6.50°%
Eligible Project Costs $0 Note Amount $1,181,500
Present Value Date & Rate 10101/04 5.00%
Notes
Assume construction of building in 2005 for 2006/2007. May be inflationary increment in Pay 2006.
Prepared by: Springsted Incorporated (printed on 7/2/2004 at 10:30 AM) Plymouth AGA TIF no FD-16.4m.xlsAssumptions
Proiected Tax Increment Report
City of Plymouth, Minnesota
Tax Increment Financing (Economic Development) District No. x
AGA Medical Project
Scenario A - EMV $16.4 million - FD outside District
Annual
Period
Ending
1)
Total
Net Tax
Capacity
2
Less:
Original
Net Tax
Capacity
3)
Less:
Fiscal
Disp. @
0.0000%
4
Retained
Captured
Net Tax
Capacity
5
Times:
Tax
Capacity
Rate
6
Annual
Gross Tax
Increment
7)
Less:
State Aud.
Deduction
0.360%
8
Less:
Admin.
Retainage
10.00%
9
Annual
Net
Revenue
10)
12/31/04 107,530 107,530 0 0 112.992% 0 0 0 0
12/31/05 107,530 107,530 0 0 112.992% 0 0 0 0
12/t31/06 107,530 107,530 0 0 112.992% 0 0 0 0
12/31/07 327,250 107,530 0 219,720 112.992% 248,266 894 24,737 222,635
12/31/08 327,250 107,530 0 219,720 112.992% 248,266 894 24,737 222,635
12/31/09 327,250 107,530 0 219,720 112.992% 248,266 894 24,737 222,635
12/31/10 327,250 107,530 0 219,720 112.992% 248,266 894 24,737 222,635
12/31/11 327,250 107,530 0 219,720 112.992% 248,266 894 24,737 222,635
12/31/12 327,250 107,530 0 219,720 112.992% 248,266 894 24,737 222,635
12/31/13 327,250 107,530 0 219,720 112.992% 248,266 894 24,737 222,635
12/31/14 327,250 107,530 0 219,720 112.992% 248,266 894 24,737 222,635
12/31/15 0 0 0 0 112.992% 0 0 0 0
12/31/16 0 0 0 0 112.992% 0 0 0 0
12/31/17 0 0 0 0 112.992% 0 0 0 0
12/31/18 0 0 0 0 112.992% 0 0 0 0
12/31/19 0 0 0 0 112.992% 0 0 0 0
12/31/20 0 0 0 0 112.992% 0 0 0 0
12/31/21 0 0 0 0 112.992% 0 0 0 0
12/31/22 0 0 0 0 112.992% 0 0 0 0
12/31/23 0 0 0 0 112.992% 0 0 0 0
12/31/24 0 0 0 0 112.992% 0 0 0 0
12/31/25 0 0 0 0 112.992% 0 0 0 0
12/31/26 0 0 0 0 112.992% 0 0 0 0
12/31/27 0 0 0 0 112.992% 0 0 0 0
12/31/28 0 0 0 0 112.992% 0 0 0 0
12/31/29 0 0 0 0 112.992% 0 0 0 0
12/31/30 0 0 0 0 112.992% 0 0 0 0
12/31/31 0 0 0 0 112.992% 0 0 0 0
12/31/32 0 0 0 0 112.992% 0 0 0 0
1,986,128 7,152 197,896 1,781,080
Prepared by: Springsted Incorporated (printed on 7/2/2004 at 10:30 AM) Plymouth AGA TIF no FD-16.4m.xls
Assumptions Report
City of Plymouth, Minnesota
Tax Increment Financing (Economic Development) District No. x
AGA Medical Project
Scenario B - EMV $16.4 million - FD contribution within District
Type of Tax Increment Financing District Economic Development
Maximum Duration of TIF District 8 years from 1st increment
Projected Certification Request Date 10/01/04
Decertification Date 12/31/14 (8 Years of Increment)
2004/2005
Base Estimated Market Value $5,414,000
Original Net Tax Capacity $107,530
Base Estimated Market Value
Increase in Estimated Market Value
Total Estimated Market Value
Total Net Tax Capacity
Assessment/Collection Year
2004/2005 2005/2006 2006/2007 2007/2008
5,414,000 5,414,000 5,414,000 5,414,000
0 0 10,986,000 10,986,000
Local Tax Capacity Rate 112.992% 2003/2004
Fiscal Disparities Contribution From TIF District 39.7948%
5,414,000 5,414,000 16,400,000 16,400,000
107,530 $107,530 $327,250 $327,250
City of Plymouth 23.922%
Hennepin County 47.324%
ISD #281 34.258%
Other 7.488%
Local Tax Capacity Rate 112.992% 2003/2004
Fiscal Disparities Contribution From TIF District 39.7948%
Administrative Retainage Percent (maximum = 10%) 10.00%
Pooling Percent 0.00%
Bonds Note (Pay -As -You -Go)
Bonds Dated 10/01/04 Note Dated 10/01/04
Bond Issue @ 0.00% (NIC) $0 Note Rate 6.500/0
Eligible Project Costs $0 Note Amount $711,300
Present Value Date & Rate 10/01/04 5.00%
Notes
Assume construction of building in 2005 for 2006/2007. May be inflationary increment in Pay 2006.
Prepared by: Springsted Incorporated (printed on 7/2/2004 at 10:26 AM) Plymouth AGA TIF FD-16.4m.xlsAssumptions
Proiected Tax Increment Report
City of Plymouth, Minnesota
Tax Increment Financing (Economic Development) District No. x
AGA Medical Project
Scenario B - EMV $16.4 million - FD contribution within District
Annual
Period
Ending
1)
Total
Net Tax
Capacity
2)
Less:
Original
Net Tax
Capacity
3)
Less:
Fiscal
Disp. @
39.7948%
4
Retained
Captured
Net Tax
Capacity
5
Times:
Tax
Capacity
Rate
6
Annual
Gross Tax
Increment
7)
Less:
State Aud.
Deduction
0.360%
8)
Less:
Admin.
Retainage
10.00%
9)
Annual
Net
Revenue
10
12/31/04 107,530 107,530 0 0 112.992% 0 0 0 0
12/31/05 107,530 107,530 0 0 112.992% 0 0 0 0
12/1t31/06 107,530 107,530 0 0 112.992% 0 0 0 0
12F31/07 327,250 107,530 87,437 132,283 112.992% 149,469 538 14,893 134,038
12/31/08 327,250 107,530 87,437 132,283 112.992% 149,469 538 14,893 134,038
12/31/09 327,250 107,530 87,437 132,283 112.992% 149,469 538 14,893 134,038
12/31/10 327,250 107,530 87,437 132,283 112.992% 149,469 538 14,893 134,038
12/31/11 327,250 107,530 87,437 132,283 112.992% 149,469 538 14,893 134,038
12/31/12 327,250 107,530 87,437 132,283 112.992% 149,469 538 14,893 134,038
12/31/13 327,250 107,530 87,437 132,283 112.992% 149,469 538 14,893 134,038
12/31/14 327,250 107,530 87,437 132,283 112.992% 149,469 538 14,893 134,038
12/31/15 0 0 0 0 112.992% 0 0 0 0
12/31/16 0 0 0 0 112.992% 0 0 0 0
12/31/17 0 0 0 0 112.992% 0 0 0 0
12/31/18 0 0 0 0 112.992% 0 0 0 0
12/31/19 0 0 0 0 112.992% 0 0 0 0
12/31/20 0 0 0 0 112.992% 0 0 0 0
12/31/21 0 0 0 0 112.992% 0 0 0 0
12/31/22 0 0 0 0 112.992% 0 0 0 0
12/31/23 0 0 0 0 112.992% 0 0 0 0
12/31/24 0 0 0 0 112.992% 0 0 0 0
12/31/25 0 0 0 0 112.992% 0 0 0 0
12/31/26 0 0 0 0 112.992% 0 0 0 0
12/31/27 0 0 0 0 112.992% 0 0 0 0
12/31/28 0 0 0 0 112.992% 0 0 0 0
12/31/29 0 0 0 0 112.992% 0 0 0 0
12/31/30 0 0 0 0 112.992% 0 0 0 0
12/31/31 0 0 0 0 112.992% 0 0 0 0
12/31/32 0 0 0 0 112.992% 0 0 0 0
1,195,752 4,304 119,144 1,072,304
Prepared by: Springsted Incorporated (printed on 7/2/2004 at 10:26 AM) Plymouth AGA TIF FD-16.4m.x1s
Assumptions Report
City of Plymouth
Tax Abatement Projection
AGA Medical Project
Scenario C - $16.4 million EMV City only 15 years, FD outside district
Type of Project Tax Abatement
Maximum Duration of Tax Abatement 15 Years
Current Year 07/01/04
First Abatement Year 06/01/07
Final Abatement Year 12101121 15 Years of Abatement)
2004/2005
Base Estimated Market Value (Land) 5,414,000
Times: First $150,000 1.50% 2,250
Excess 2.00° 0 105,280
Base Net Tax Capacity (NTC) 107,530
Non -Abated NTC 107,530
Assessment/Collection Year
2004/2005 2005/2006 2006/2007 2007/2008
Base Estimated Market Value 5,414,000 5,414,000 5,414,000 5,414,000
Increase in Estimated Market Value 0 0 10,986,000 10,986.000
Total Estimated Market Value 5,414,000 5,414,000 16,400,000 16,400,000
Times: First $150,000 1.50% 2,250 2,250 2,250 2,250
Excess 2.00% 105,280 105,280 325,000 325,000
Total Net Tax Capacity 107,530 107,530 327,250 327,250
Local Tax Capacity Rate 112.992% 2003!04
Fiscal Disparities Deduction 0.0000%
Abate City Tax Rate? Yes 23.922%
Abate County Tax Rate? No 47.324%
Abate School District:Tax Rate? No 34.258%
Other Tax Rate 7.488%
Current City Levy 18,541,739 @ 10% 1,854,174 Max. Abate - 1,854,174
Current County Levy 495,665,239 @ 10% 49,566,524 Max. Abate - 49,566,524
Present Value Date & Rate 07/01/04 5.00%
Bonds Note (Pay -As -You -Go)
Bonds Dated 07/01/04 Note Dated 07/01/04
First Interest Date 02/01/05 Note Rate 6.50%
Underwriters Discount 1.50% Note Amount 422,900
Assume construction of building in 2005 for 2006/2007. May be inflationary increment in Pay 2006
Prepared by: Springsted Incorporated (printed on 7/2/2004 at 10:42 AMymouth AGA Abate no FD-16.4m.xlsAssumptions
Projected Tax Abatement Report
City of Plymouth
Tax Abatement Projection
AGA Medical Project
Scenario C - $16.4 million EMV City only 15 years, FD outside district
12/31/04 107,530
Less:
0 0 112.992% 0 0 0 0 0
12/31/05 1 107,530
Non- Less: Retained Times:
0
Maximum Maximum Maximum
0
Annual Total Abated Fiscal Captured Tax Annual Tax Tax Tax Total
Period Net Tax Net Tax Disp. @ Net Tax Capacity Total Abatement Abatement Abatement Tax
Ending Capacity Capacity 0.0000% Capacity Rate Tax City County School District Abatement
11 2) 3) 4) 5) 6) 7) 8) 9) 10) 01
12/31/04 107,530 107,530 0 0 112.992% 0 0 0 0 0
12/31/05 1 107,530 107,530 0 0 112.992% 0 0 0 0 0
12/31/06 107,530 107,530 0 0 112.992% 0 0 0 0 0
12/31/07 327,250 107,530 0 219,720 112.992% 248,266 52,561 0 0 52,561
12/31/08 327,250 107,530 0 219,720 112.992% 248,266 52,561 0 0 52,561
12/31/09 327,250 107,530 0 219,720 112.992% 248,266 52,561 0 0 52,561
12/31/10 327,250 107,530 0 219,720 112.992% 248,266 52,561 0 0 52,561
12/31/11 327,250 107,530 0 219,720 112.992% 248,266 52,561 0 0 52,561
12/31/12 327,250 107,530 0 219,720 112.992% 248,266 52,561 0 0 52,561
12/31/13 327,250 107,530 0 219,720 112.992% 248,266 52,561 0 0 52,561
12/31/14 327,250 107,530 0 219,720 112.992% 248,266 52,561 0 0 52,561
12/31/15 327,250 107,530 0 219,720 112.992% 248,266 52,561 0 0 52,561
12/31/16 327,250 107,530 0 219,720 112.992% 248,266 52,561 0 0 52,561
12/31/17 327,250 107,530 0 219,720 112.992% 248,266 52,561 0 0 52,561
12/31/18 327,250 107,530 0 219,720 112.992% 248,266 52,561 0 0 52,561
12/31/19 327,250 107,530 0 219,720 112.992% 248,266 52,561 0 0 52,561
12/31/20 327,250 107,530 0 219,720 112.992% 248,266 52,561 0 0 52,561
12/31/21 327,250 107,530 0 219,720 112.992% 248,266 52,561 0 0 52,561
3,723,990 788,421 0 0 788,421
Prepared by: Springsted Incorporated (printed on 7/2/2004 at 10:42 AM) Plymouth AGA Abate no FD-16.4m.xls
Assumptions Report
City of Plymouth
Tax Abatement Projection
AGA Medical Project
Scenario D - $16.4 million EMV City only 15 years, FD contribution within district
Type of Project Tax Abatement
Maximum Duration of Tax Abatement 15 Years
Current Year 07/01/04
First Abatement Year 06/01/07
Final Abatement Year 12/01x''21 (15 Years of Abatement)
Assume construction of building in 2005 for 2006/2007. May be inflationary increment in Pay 2006
Prepared by: Springsted Incorporated (printed on 7/2/2004 at 10:39 AM) Plymouth AGA Abate FD-16.4m.xlsAssumptions
2004/2005
Base Estimated Market Value (Land) 5,414,000
Times: First $150,000 1.50% 2,250
Excess 2.00% 105,280
Base Net Tax Capacity (NTC) 107,530
Non -Abated NTC 107,530
Assessment/Collection Year
2004/2005 2005/2006 2006/2007 2007/2008
Base Estimated Market Value 5,414,000 5,414,000 5,414,000 5,414,000
Increase in Estimated Market Value 0 0 10,986;000 10,986;000
Total Estimated Market Value 5,414,000 5,414,000 16,400,000 16,400,000
Times: First $150,000 1.50% 2,250 2,250 2,250 2,250
Excess 2.00% 105,280 105,280 325,000 325,000
Total Net Tax Capacity 107,530 107,530 327,250 327,250
Local Tax Capacity Rate 112.992% 2003!04
Fiscal Disparities Deduction 39.7948%
Abate City Tax Rate? Yes 23.922%
Abate County Tax Rate? No 47.324%
Abate School District„Tax Rate? No 34.258%
Other Tax Rate 7.488%
Current City Levy 18,541,739 @ 10% 1,854,174 Max. Abate - 1,854,174
Current County Levy 495,665,239 @ 10% 49,566,524 Max. Abate - 49,566,524
Present Value Date & Rate 07/01/04 5.00%
Bonds Note (Pay -As -You -Go)
Bonds Dated 07/01/04 Note Dated 07/01104
First Interest Date 02/0/05 Note Rate 6.50%
Underwriters Discount 1.50% Note Amount 254,600
Assume construction of building in 2005 for 2006/2007. May be inflationary increment in Pay 2006
Prepared by: Springsted Incorporated (printed on 7/2/2004 at 10:39 AM) Plymouth AGA Abate FD-16.4m.xlsAssumptions
Projected Tax Abatement Re ort
City of Plymouth
Tax Abatement Projection
AGA Medical Project
Scenario D - $16.4 million EMV City only 15 years, FD contribution within district
12/31/04 107,530
Less:
0 0 112.992% 0 0 0 0 0
12/31/05 107,530
Non- Less: Retained Times:
0
Maximum Maximum Maximum
0
Annual Total Abated Fiscal Captured Tax Annual Tax Tax Tax Total
Period Net Tax Net Tax Disp. @ Net Tax Capacity Total Abatement Abatement Abatement Tax
Ending Capacity Capacity 39.7948% Capacity Rate Tax City County School District Abatement
1) 2) 3) _ 4 5) 6) 7) 8 9 10) 11
12/31/04 107,530 107,530 0 0 112.992% 0 0 0 0 0
12/31/05 107,530 107,530 0 0 112.992% 0 0 0 0 0
12/31/06 107,530 107,530 0 0 112.992% 0 0 0 0 0
12/31/07 327,250 107,530 87,437 132,283 112.992% 149,469 31,645 0 0 31,645
12/31/08 327,250 107,530 87,437 132,283 112.992% 149,469 31,645 0 0 31,645
12/31/09 327,250 107,530 87,437 132,283 112.992% 149,469 31,645 0 0 31,645
12/31/10 327,250 107,530 87,437 132,283 112.992% 149,469 31,645 0 0 31,645
12/31/11 327,250 107,530 87,437 132,283 112.992% 149,469 31,645 0 0 31,645
12/31/12 327,250 107,530 87,437 132,283 112.992% 149,469 31,645 0 0 31,645
12/31/13 327,250 107,530 87,437 132,283 112.992% 149,469 31,645 0 0 31,645
12/31/14 327,250 107,530 87,437 132,283 112.992% 149,469 31,645 0 0 31,645
12/31/15 327,250 107,530 87,437 132,283 112.992% 149,469 31,645 0 0 31,645
12/31/16 327,250 107,530 87,437 132,283 112.992% 149,469 31,645 0 0 31,645
12/31/17 327,250 107,530 87,437 132,283 112.992% 149,469 31,645 0 0 31,645
12/31/18 327,250 107,530 87,437 132,283 112.992% 149,469 31,645 0 0 31,645
12/31/19 327,250 107,530 87,437 132,283 112.992% 149,469 31,645 0 0 31,645
12/31/20 327,250 107,530 87,437 132,283 112.992% 149,469 31,645 0 0 31,645
12/31/21 327,250 107,530 87,437 132,283 112.992% 149,469 31,645 0 0 31,645
2,242,035 474,671 0 0 474,671
Prepared by: Springsted Incorporated (printed on 7/2/2004 at 10:39 AM) Plymouth AGA Abate FD-16.4m.xls
Agenda Number:
TO: Mayor and City Council
FROM: Laurie Ahrens, City Manager
SUBJECT: Set Future Study Sessions
DATE: July 9, 2004, for City Council study session of July 13, 2004
1. ACTION REQUESTED: Review the pending study session topics list and, if desired,
establish future special meetings or amend the topics list.
2. BACKGROUND: Attached is the list of pending study session topics, as well as calendars
to assist in scheduling.
Pending Study Session Topics
at least 3 Council members have approved the following study items on the list)
Review City Center concept, parking, downtown council, signage
issues (Council)
Review Development/Redevelopment Application Process
Council)
Other requests for study session topics:
Update with City Manager — quarterly (next mtg. fall)
Discuss requests for City membership in organizations, such as
North Metro Mayors Assn., NLC, US Conference of Mayors
Johnson)
Paper Conservation "paperless agendas" (Slavik) Jan.
Consider resident/resident water issues relating to sump pump
discharge (Slavik)
OFFICIAL CITY MEETINGS
July 2004
Sunday Monday Tuesday Wednesday Thursday Friday Saturday
1 2 J
Jun 2004 Aug 2004
S M T W T F S S M T W T F S
1 2 3 4 5 6 712345
6 7 8 9 10 11 12 8 9 10 11 12 13 14
13 14 15 16 17 18 19 15 16 17 18 19 20 21
20 21 22 23 24 25 26 22 23 24 25 26 27 28
27 28 29 30 29 30 31
4 5 6 7 8 9 10
INDEPENDENCE
DAY
INDEPENDENCE
DAY
7:00 PM
PLANNING
OBSERVED), City COMMISSION,
Offices Closed Council Chambers
11 12 13 14 15 16 17
5:30 PM SPECIAL
COUNCIL MEETING:
BUSINESS SUBSIDY
POLICY, Public Safety
Training Room
12:00 PM YOUTH
ADVISORY COUNCIL
RETREAT, Hilde
Performance Center
7:00 PM REGULAR
COUNCIL MEETING,
Counor Ch—b—
7:00 PM HOUSING 8
REDEVELOPMENT
AUTHORfTY (HRA),
Medicine Lake Room
18 19 20 21 22 23 24
7:00 PM YOUTH 5:30 PM -8:00 PM 7:00 PM
ADVISORY GREEN TOUR OF PLANNING
COUNCIL, Council PLYMOUTH, COMMISSION,
Chambers depart from Council Chambers
Plymouth Creek
Center
25 26 27 28 29 30 31
11:15 AM PLYMOUTH
BUSINESS COUNCIL, SNatlal
7:00 PM
M —W«I 12"1
RMptleY D—, Mi—
ADVISORY
PLYMOUTH
COMMITTEE ON
5:] a PMSPECIALCOUNCIL TRANSIT(PACT)-
MEETING: WATER
CONSERVATION OPTIONS, Medicine Lake
WMC S.W T—,a Roan
7:00 PM REGULAR COUNCIL
MEETING, CaRril --
Room
modified on 7/9/2004
OFFICIAL CITY MEETINGS
August 2004
Sunday Monday Tuesday Wednesday Thursday Friday Saturday
1 2 3 4 5 6 7
5:30 PM 7:00 PM
NATIONAL NIGHT PLANNING
OUT COMMISSION,
Council Chambers
8 9 10 11 12 13 14
5:30 PM SPECIAL
MEETING: Reception
for Surface Water Task
Force, Lunch Room
5:30 PM SPECIAL CIN
COUNCIL MEETING:
JOINT MEETING WITH
CHARTER
COMMISSION; Public
Safety Training Room
7:00 PM
ENVIRONMENTAL
OUALn'Y COMMITTEE
EOC), Council
Chambers
7:00 PM PARK 8
REC ADVISORY
COMMISSION
PRAC), COUnCII
ChambefS
7:00 PM SPECIAL
COUNCIL MEETING:
Receive Surface Water
Task Force Report.
Council Chambers
7:00 PM REGULAR
COUNCIL MEETING,
CourrJl Chamfers
15 16 17 18 19 20 21
7:00 PM YOUTH
ADVISORY
COUNCIL, Council
Chambers
7:00 PM
PLANNING
COMMISSION,
Council Chambers
7:00 PM HOUSING 8
REDEVELOPMENT
AUTHORITY(HRA),
Medicine Lake Room
22 23 24 25 26 27 28
7:00 PM SPECIAL 7:00 PM REGULAR
COUNCILCouncil
7:00 PM
PLYMOUTH
MEETING: Budget ADVISORY
Study Session, COMMITTEE ON
Public Safety TRANSIT (PACT) -
Training Room Medicine Lake
Room
29 30
7:00 PM YOUTH
ADVISORY
COUNCIL, Council
31
Jul 2004
S M TW T F S
1 2 3
Sep 2004
S M T W T F S
1 2 3 4
7:00 PM SPECIAL
COUNCIL
MEETING: Budget
Chambers Studay Session, 4 5 6 7 8 9 10 5 6 7 8 9 10 11
Public Safety
Training Room 11 12 13 14 15 16 17 12 13 14 15 16 17 18
18 19 20 21 22 23 24 19 20 21 22 23 24 25
25 26 27 28 29 30 31 26 27 28 29 30
modified on 7/9/2004
OFFICIAL CITY MEETINGS
September 2004
Sunday I Monday Tuesday Wednesday Thursday Friday Saturday
1 2 3 4
Aug 2004
S M T W T F S
Oct 2004
S M T W T F S 7:00 PM
PLANNING
COMMISSION,
7:00 PM HUMAN
RIGHTS
COMMISSION - 1 2 3 4 5 6 7 1 2
8 9 10 11 12 13 14
15 16 17 18 19 20 21
3 4 5 6 7 8 9
10 11 12 13 14 15 16
Council Chambers Medicine Lake
Room
22 23 24 25 26 27 28 17 18 19 20 21 22 23
29 30 31 24 25 26 27 28 29 30
31
5 6 7 8 9 10 11
LABOR DAY - City
Offices Closed
7:00 PM
ENVIRONMENTAL
pUALITY COMMITTEE
EOC),council
chambers
7:00 PM PARK 8
REC ADVISORY
COMMISSION
PRAC), Council
7:00 PM SPECIAL
COUNCIL
MEETING: Budget
Study Session,
Public Safety Chambers
Training Room
12 13 14 15 16 17 18
7'00 PM REGULAR
COUNCIL MEETING,
C-41Chamb.n.
7:00 PM YOUTH
ADVISORY COUNCIL,
Council chambers
PRIMARY
ELECTION
DAY - Polls are
open 7 AM - 8p
PM
Rosh Hashanah
begins at sunset
7:00 PM HOUSING 8
REDEVELOPMENT
AUTHORITY(HRA),
Medicine Lake Room
CITYHALL OPEN
UNTIL 7:00 PM FOR
ABSENTEE VOTING
19 20 21 22 23 24 25
7:00 PM PLNING
coMMICSSI0
AN_
oun.
Yom Kippur
begins at sunset
9:00 AM
PLYMOUTH
CLEAN-UP DAY,
770 PM PLYMOUTH
ADVISORY
COMMITTEE
TRTRANSIT(PACT)T) -
Medicine Lake Room
Public Works
Maintenance
Facility
26 27 28 29 30
7:00 PM YOUTH 11: 45 AM PLYMOUTH
BUSINESS COUNCIL,
ADVISORY
COUNCIL, Council
SI.mn MImo.P.li. W..1
12201 Rda.d.l. D-,
Mnn.mnk.
Chambers
7:00 PM REGULAR
COUNCIL MEETING,
C-41 Ch.mb—
modified on 7/9/2004
OFFICIAL CITY MEETINGS
October 2004
Sunday Monday Tuesday I Wednesday Thursday Friday Saturday
Nov 2004 1 2Sep2004
S M T W T F S S M T W T F S 1:00 PM
1 2 3 4 5 6
7 8 9 10 ll 12 13
PLYMOUTH ON
PARADE
1 T--344
5 6 7 8 9 10 11
12 13 14 15 16 17 18 14 15 16 17 18 19 20
19 20 21 22 23 24 25 21 22 23 24 25 26 27
26 27 28 29 30 28 29 30
3 4 5 6 7 8 9
7:00 PM 7:00 PM HUMAN
PLANNING RIGHTS
COMMISSION, COMMISSION -
Council Chambers Medicine Lake
Room
10 11 12 13 14 15 16
6:45 PM YOUTH
ADVISORY COUNCIL,
Council Chambers
7:00 PM REGULAR
COUNCIL MEETING,
source Chsml m
7:00 PM
ENVIRONMENTAL
pUALITY COMMITTEE
EOC), Council
Chambers
7:00 PM PARK 8
REC ADVISORY
COMMISSION
PRAC), Council
Chambers
COLUMBUS DAY
OBSERVED), Public
Works Division closed
LEAGUE OF MINNESOTA CITIES ANNUAL CONFERENCE, Duluth 7771
17 18 19 20 21 22 23
7:00 PM
PLANNING
COMMISSION,
Council Chambers
7:00 PM HOUSING &
REDEVELOPMENT
AUTHORITY (HRA),
Medicine Lake Room
24 25 26 27 28 29 30
7:00 PM YOUTH 7:00 PM REGULAR 7:00 PM 6:00 PM 9:00 AM -3:00
COUNCIL .
ADVISORY hm'm PLYMOUTH VOLUNTEER PM CITY HALL
COUNCIL'C I ADVISORY RECOGNITION OPEN FOR
Chambers COMMITTEE ON
TRANSIT (PACT) -
Medicine Lake
Room
EVENT,
Plymouth Creek
Center
ABSENTEE
VOTING
31
DAYLIGHT
SAVINGS ENDS
set clocks back 1-
hour
modified on 7/9/2004