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HomeMy WebLinkAbout20080915 - VII-3September 9, 2008 VII-3 TO: The Honorable Mayor and Council FROM: John Grossman, HRA Director RE: Public Hearing on the establishment of an Economic Development Authority and consideration of an Enabling Resolution. Summary: The concept on an Economic Development Authority (EDA) has been studied by the Joint Committee established by the Mayor and including members of the Council Planning committee, the Housing and Redevelopment Authority and the Economic Development Commission. Between December 2007 and March 2008 they sought to gauge the need for a more proactive effort, and the pros and cons of an EDA to increase Hastings' organizational capacity. After the March 31 report by the Joint Committee, the City Council voted to support the concept of creating an Economic Development Authority and directed staffto bring forward action steps for establishing an EDA by January 1, 2009. Economic indicators: The need for Hastings to pay attention to economic development is indicated by a number of studies of economic factors in Dakota County. See the attached tables copied from the studies. Future job growth projections are lower for Hastings than the County and Metro Area (A-1). There has been a decline in manufacturing jobs, which is a higher wage sector of the economy (A-2). Hastings' total commercial-industrial tax values are below average in the County (A-3). The supply of and demand for vacant land zoned for industrial development is projected to be less than neighboring communities (A-4, 5). Enhanced capacity: Establishing an EDA would assign all economic and redevelopment powers available by law to one board, responsible to administer business development, industrial development, commercial and residential rehabilitation and neighborhood improvement for the City of Hastings. An EDA would provide additional "tools" not now available and enhance the coordination of activities. The EDA would have all the powers of EDAs and HRAs shown on the attached list (B). EDA activities can be funded by an annual EDA and/or HRA levy approved by City Council. Enabling Resolution: The attached resolution (C) meets the requirements of Chapter 469 of Minnesota Statutes and reflects the preferences of the Joint Committee, the Council Planning Committee, the HRA and the EDC. A number of specif c limitations on the powers are included in the resolution. In these cases, the EDA will need Council approval. The authority will be known as the Hastings Economic Development and Redevelopment Authority. The appointment of the first members and administrative policies can be considered later this year. The EDA would take the place of the existing EDC in January, 2009. The HRA would have to continue to meet for some months to transfer its property to the EDA, and would then be terminated. Action: After the public hearing the enabling resolution can be considered and, if adopted, the EDA would be established as of January 1, 2009. Sources of attached tables: Dakota County Economic and Demographic Assessment, March 2005. Hastings Planning Department and Dakota County tax records, 2008. Regional Development Framework 2030. Metropolitan Council, January 2007. Draft Hastings Comprehensive Plan for 2030, 2008 A Market Study for Commercial and Industrial Space in Dakota County, April 2008. Economic Development Workforce Population Growth and Employment Growth Forecasts Population and employment growth forecasts prepared by the Metropolitan Council show a wide disparity between population growth and employment growth in Hastings (see Figure 5-3). A staff member of the Metropolitan Counci] indicated in a telephone conversation in 2007 that the employment forecast for Hastings is erroneous and should be revised upward. Figure 5.3: Projected Population and Employment Growth Met Council: Projected Population & Employment Growth 1 _. ~ P ~~ _ Po ulation Growth Metro Area j ®Employment Growth Dakota County '- -- --- -- ~_ - City of Hastings ~- - I ~ - ~ ~ - -~ 0% 10% 20% 30% 40% 50% 60% 70% Source: Metropolitan Council, Research & Statistics, Regional De~,elopment Framework 2030 Forecasts, Updated January 2007 Commuting Residents of Hastings show an exceptional propensity for working in the City of Hastings compared with other residents of Dakota County, reinforcing the community's role as a free-standing city rather than a suburb. The Work Destination for 4,082 residents (42.1 %) is the City of Hastings (US Census 2000). In most Dakota County communities (Apple Valley, Farmington, Inver Grove Heights, Lakeville, Mendota Heights, Rosemount, South St. Paul, and West St. Paul) this percentage ranges from 13.2% to 16.4%. Eagan and Burnsville retain 25.6% and 24.8% of their residents as employees. 4-6 8 January 2008 ~, ~. ,~ :~ R- i Economic Development __ _ _ __ Source: Rachel Hillman, DEED Regional Labor Market Analyst, April 2007 The most significant growth sector in Hastings between 2003 and 2005, both numerically and as a percentage change was aloes-wage sector, Accommodation and Food Services (173 jobs - 24.8% growth). Four industries lost more than 50 employees: ^ Information ^ Retail Trade ^ Manufacturing ^ Administrative and Waste Services Table 5.3: Change in Employment, 2003-2005 Between 2003-2005 Numeric Percent 2005 2003 Change in Change in Employment Employment Employment Employment Accommodation and Food Services 870 697 173 24.8% Transportation and Warehousing 309 272 37 13.6% Real Estate and Rental and Leasing 107 93 14 15.1% Arts, Entertainment, and Recreation (private) 125 122 3 2.5% Finance and Insurance 209 217 -8 -3.7% Public Administration 879 887 -8 -0.9% Educational Services 741 756 -15 -2.0% Other Services, Ex. Public Admin 281 296 -15 -5.1% Health Care and Social Assistance 1,403 1,431 -28 -2.0% "Construction 508 547 -39 -7.1% Information 88 146 -58 -39.7% Retail Trade 1,351 1,423 -72 -5.1% Manufacturing 1,592 1,674 -82 -4.9% Administrative and Waste Services 237 351 -114 -32.5% Total, All Industries 9,057 9,362 -305 -3.3% Source: DEED, Labor Market Information Office, Quarterly Census of Employment and Wages (QCEW). "Employment data includes both public and private sector firms, unless otherwise noted. "Employment data for some industry sectors are not disclosable due to confidentiality. 8 January 2008 4-3 A-Z 2007 TAXABLE MARKET VALUE BY LAND USE Residential % Commercial % Industrial Total Value % of County Value Hastings 83.1% 9.4% 1.6% $1,852,968,000 4.8% Apple Valley 84.4% 9.3% 1.0% $5,202,715,700 13.5% Burnsville 67.7% 17.7% 3.4% $6,382,547,300 16.6% Eagan 72.8% 17.4% 3.6% $7,863,468,200 20.4% Farmington 90.3% 4.2% 1.2% $1,786,536,300 4.6% Inver Grove Heights 79.8% 8.2% 1.9% $3,550,579,100 9.2% Lakeville 86.6% 7.7% 2.2% $5,954,162,900 15.5% Mendota Heights 81.8% 12.5% 3.1% $2,008,602,400 5.2% Rosemount 84.4% 4.5% 6.4% $2,366,254,900 6.1% South St Paul 81.0% 8.8% 3.3% $1,635,452,900 4.2% West St Paul 72.1% 14.0% 1.5% $1,734,923,900 4.5% Dakota County 78.6% 11.8% 2.8% $38,485,243,600 100.0% /1- 3 COMMERCIAL/INDUSTRIAL LAND SUPPLY TABLE 26 VACANT COMMERCIAL AND INDUSTRIAL ZONED LAND* DAKOTA COUNTY 2007 Commercial Industrial Community Acres Acres Total Apple Vallee 40 420 460 Burnsville 90 1 ~0 240 Eagan X20 270 790 Farmington 120 90 210 Hastings 8~ 120 20~ Inver Grove Heights 330 710 1,040 Lakeville 67~ 2~0 92~ Mendota Heights 6 4> > 1 Rosemount 130 2,160 2,290 South St. Patil 30 40 70 West St. Paul 0 0 0 Subtotal 2,026 -1,255 6,281 Remainder of Co. 863 X31 1.94 Dakota` ~Pnn.. 2,8,$~ `; 4,785: 7,67 * Includes only vacant land zoned corrunerical or indush~ial, not vacant land identified in land use plans as future commercial or in dustrial but currently zoned for other uses. Sources: Dakota Cotmri~ GIS; Maxtleld Research Inc. West St. Paul and Mendota Heights have very little land remaining for commercial and in- dustrial development. South St. Paul has a small supply as well, but has greater redevelop- ment potential with the closing of the stock yard planned in Apri12008. In addition, none of the vacant parcels in these communities are large enough to support big-box retail, which has been a trend over the past decade or more. Thus, most commercial spaces added will be smaller. Like Lakeville, Farmington and Hastings are next to agricultural land and therefore have greater capacity to add commercial and industrial land to their communities as the need aris- es. Currently, both communities have about 200 acres of vacant zoned commercial and in- dustrial land. Between 2000 and 2006, both communities developed about 40 acres with commercial and industrial uses. MAXFIELD RESEARCH INC. 66 .4-4 DEMAND ANALYSIS AND RECOMMENDATIONS As shown below, when total employment is compared to the amount of projected industrial space, the total amount of industrial space (square feet) per job is projected to decrease through 2030. This decrease is due to the continued shift toward a more service-oriented economy, meaning fewer people will work in an industrial environment. It should be noted, however, that the amount of space per industrial job will increase as a greater percentage of industrial space will be warehouse versus manufacturing. Industrial Square Feet per Job Trends, Dakota County 1990 2000 2010 2020 2030 238.9 237.4 213.2 203.8 198.6 Projected Demand for Industrial Land The amount of additional land needed to support the calculated demand for industrial space in Dakota County from 2008 through 2030 is shown in Table 32. The table shows demand by five year increments and for each of the County's 11 larger communities as well as for the smaller communities and townships collectively. TABLE 32 DEMAND FOR INDUSTRIAL LAND (ACRES) BY COMMUNITY DAKOTA COUNTY 2000 - 2030 2008- 2010- 2015- 2020- 2025- . 2010 2015 2020 2025 .2030 Total Apple Valley 3 - 6 10 - 13 8 - 10 ~ 6 - 8 5 - 7 27 - 44 Burnsville 11 - 14 24 - 26 18 - 20 13 - 15 11 - 14 65 - 89 Eagan 52 - 54 70 - 72 52 - 55 36 - 38 33 - 35 207 - 254 Farmington 2- 5 8- 10 6- 8 6- 8 6- 9 22 - 40 Hastings 2- 3 2- 4 1- 3 5- 7 4- 6 9- 24 Inver Grove Heights 16 - 18 38 - 41 29 - 31 19 - 21 17 - 20 100 - 131 Lakeville 30 - 33 73 - 75 55 - 57 52 - 54 47 - 49 205 - 268 Mendota Heights 8 - 10 10 - 12 7 - 9 6 - 9 6 - 8 30 - 48 Rosemount 4-7 14-17 10-13 11 -13 10-12 38-61 South St. Paul 3- 5 6- 9 5- 7 3- 6 3- 5 17 - 32 West St. Paul 0-1 0-1 0-1 0-1 0-1 0-6 Subtotal 132 - 156 256 - 280 190 - 214 156 - 180 142 - 166 720 - 996 Remainder of Dakota Co. 0- 1 0- 1 0- 1 0- 1 0- 1 0- 6 Dakota County Total 132 - 157 256 - 281 190 - 215 156 - 181 142 - 168 720 - 1,002 Sources: Maxfield Research Inc. 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O ~ a~ a V1 C~ i.r y W •~ it W ~ .N ~ ~ ~ ~ ~ y '~ 7,i.~ r~ ;r..+ 7 ~ ~p ~ rl p.{ ~ rl ~}' ~' ~ ..i''r U Q ~ ~ A ~ W w ~ ~ o ~ a~ ~ ~ ~ c~ o ~ ~ ~ ce LL ~ ~ s, w z z o z z ~ O ..i y ~ Vl O ~ ~ C a~ ~ ~ ' ~ a a ~ ~ ~, ~! i ~ p ~ ~+ ~" O U 11 O . .. i. .a bD ~„ i O r CL ~ v ~ y ,~ "C ~ bA ~ C it • • ~ H F "~S : O Rt O ~ O y vi O ~y ~ ' . ~ ZS " . . , ...~ ~ ~ C, xs xx Ux x ~ ~ wa a ~w CITY OF HASTINGS DAKOTA COUNTY, MINNESOTA RESOLUTION A RESOLUTION ESTABLISHING AN ECONOMIC DEVELOPMENT AUTHORITY WITHIN THE CITY OF HASTINGS, MINNESOTA Dated September 15, 2008 Council Member adoption: introduced the following Resolution and moved its BE IT RESOLVED by the City Council of the City of Hastings, Minnesota (the "City"), as follows: SECTION 1: BACKGROUND: FINDINGS 1.1 The City is authorized by Minnesota Statutes, Chapter 469 (Act) to establish a municipal economic development authority to coordinate and administer economic and redevelopment plans and programs of the City. 1.2 The City Council has determined that the encouragement and the financial support of economic development and redevelopment in the City is vital to the orderly development and financing of the City and in the best interests of the health, safety, prosperity and general welfare of the citizens of the City. 1.3 The City Council has determined that the economic development and redevelopment of the City can best be accomplished by the establishment of an economic development authority as authorized by the Act. 1.4 The City Council has, in accordance with the Act, provided public notice and conducted a public hearing on September 15, 2008, concerning the establishment of an economic development authority, at which all persons wishing to be heard expressed their views. SECTION Z: ENABLING RESOLUTION 2.1 The City Council hereby establishes an economic development authority within the City to be named the "Hastings Economic Development and Redevelopment Authority" (the "EDA"). The EDA will come into existence and begin to exercise powers on January 1, 2009. 2.2 The EDA's governing body shall consist of a total of seven (~ commissioners, two (2) of which shall be members ofthe City Council. All commissioners shall be appointed by the Mayor with the approval of the City Council. Those initially appointed shall be for terms of one, two, three, four and five years, respectively, and two members for six years. Thereafter C. all commissioners shall be appointed for six year terms. A member may serve two consecutive terms or 12 years whichever comes first. A vacancy is created whenever a commissioner who is a sitting council member leaves the council. A vacancy for this or another reason must be filled for the balance of the unexpired term, in the manner in which the original appointment was made. The City Council may set the terms of the commissioners who are members of the City Council to coincide with their terms of office as members of the City Council. 2.3 The EDA has all powers and duties that may be granted to an economic development authority set forth in Section 469.090 to 469.108 of the Act and any other law, except as limited by this resolution. 2.4 The following limits apply to the EDA and its operation: a. The sale of bonds or other obligations of the EDA must be approved by the City Council. b. The EDA must follow the budget process in accordance with City policies, ordinances and resolutions. The EDA will be treated as a component of the City for financial reporting purposes and the financial management of the EDA will be performed by the City's Finance Department. c. Development and redevelopment actions of the EDA must be in conformance with the City's comprehensive plan and all other controls implementing the comprehensive plan. d. The EDA must submit its plans for development and redevelopment to the City Council in accordance with City planning procedures and law. e. The administrative structure and management practices of the EDA must be approved by the City Council. f. The EDA must obtain City Council approval for acquisition of property for economic development purposes through the use of the powers of eminent domain, g. The EDA must submit all planned activities for influencing the action of any other governmental agency, subdivision, or body to the City Council for approval, 2.4 As provided in the Act, the City Council intends that nothing in this resolution nor any EDA activities are to be construed to impair the obligations of the City or the City's housing and redevelopment authority under any contracts nor to affect in any detrimental manner the rights and privileges of a holder of a bond or other obligation previously issued by the City or the City's housing and redevelopment authority. SECTION 3: IMPLEMENTATION 3.1 The City Council will from time to time and at the appropriate time adopt such ordinances and resolutions as are required and permitted by the Act to give full effect to this resolution. 3.2 The Mayor, City Administrator, and other appropriate City officials are authorized and directed to take the actions and execute and deliver the documents required to give full effect to this resolution. 3.3 Nothing in this resolution is intended to prevent the City from modifying this enabling resolution to impose any new or different limitations on the EDA as authorized by this Act. Council Member made a second to the foregoing resolution and upon being put to a vote, the following Council Members voted in favor of said Resolution: Ayes: Nays: Absent: Whereupon the Mayor declared the Resolution duly adopted by the Hastings City Council. ATTEST: Melanie Mesko Lee, City Clerk CERTIFICATION Paul J. Hicks, Mayor Melanie Mesko Lee, City Clerk of the City of Hastings does hereby certify the foregoing resolution is a true and correct copy of the Resolution that was duly adopted at a regular meeting of the City Council ofthe City ofHastings held September 15, 2008. Melanie Mesko Lee, City Clerk (seal)