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Home My WebLink About03-11-10 HEDRA PacketHASTINGS ECONOMIC DEVELOPMENT & REDEVELOPMENT AUTHORITY Agenda for March 11, 2010, 6:00 pm. City Hall CITY COUNCIL CHAMBER I. Quorum. II. Minutes of February 1 1, 2010 III. Bills IV. Business A. Change April Meeting Date B. Consider Participation in the 3150 Project V. Reports and Information A. Receive EDRA Financial Statement - 4th Quarter 2009 B. Hudson Manufacturing C. Hastings Bridge Update D. Marketing Focus Group Update E. Mann Property123rd Street Update F. Red Rock Station Area Study G. CommerciallIndustrial Vacancy Update VI .Adjourn EDRA AGENDA NOTES FOR MARCH 11, 2010 BILLS Ehlers & Associates $5,082.50 Wilson Development Services $656.05 John Hinzman $ 5 5.40 Bradley & Deike $32.00 BUSINESS A. Change April Meeting Date Financial Services -Hudson Relocation -Hudson Mileage Review of Loan Documents John Hinzman has a conflict with the regularly scheduled meeting of April Stn Possible meeting dates include: Thursday, April 1st Tuesday, April 6th Wednesday, April 7th All times at 6:OOpm Action: Reschedule the April 8th EDRA Meeting B. 3150 Project The 3150 Project is a nationwide effort challenging individuals to spend $50 per month at locally owned businesses as a mechanism to boost local economies. Local businesses and organizations can register to be a participant in the project at no cost. Further information can be found at http a/www.the3 S Oproj ect.net/home.html. Please find a letter from Senator Katie Sieben attached. Action: Consider Participation in the 3150 Project. REPORTS A. EDRA Financial Statement - 4th Quarter 2009 Please find the Financial Statement and Balance Sheet attached. B. Hudson Manufacturing The City is still awaiting response from Hudson representatives on our framework for potential purchase presented on February 3rd. David Osberg continues to make inquiries to determine the status. Any further information will be presented at the meeting. The City was awarded a $250,000 grant from Dakota County CDA for potential purchase of Hudson. Our application received the highest score among those submitted. C. Hastings Bridge Update The City received word that we have been awarded a $10,000 grant from DEED to assist with mitigating the impacts of the Highway #61 Bridge Replacement Project. These funds are meant to assist in clearly communicating the message that the Highway #61 Bridge will be open during construction, but for a few short periods of time. The decision on selecting the bridge contractor and type will likely take place in June or July. It appears that all three bridge design build contractors will be bidding on both the cable and arch bridge, this may delay the decision. MnDOT still intends to begin construction by this Fall. Foundation work has begun on the replacement of the lattice towers on either side of the existing bridge. The western tower has been poured; the eastern tower should follow shortly. The foundation has been poured for the monopole tower replacement of the existing lattice tower west of the bridge. Monopole installation is scheduled to begin during the first two weeks of April. The monopole replacement east of the bridge is in design stage. New electrical lines have been installed around the staging site along Lock and Dam Road. Unneeded poles are scheduled to be removed at the end of March. D. Marketing Focus Group. Our first meeting has been scheduled with the focus group for March l Otl' at 7:30am. Kevin Hoeschen, Mark Vitvick, Leslie Neilson, Christian Schaffer, Ron Martino, Norine Bishop, Barb Hollenbeck, Karen Jung, and Kim Haff beck have all agreed to meet with us. Staff will provide an update at the meeting. ~Ue also learned that within the RFP for the new Bridge MnDOT is requesting that the firm who is awarded the contract has their own designated staff person working as a business liaison with Hastings businesses to help in any way possible, including marketing/promoting the businesses. This may be a good resource to partner with as we move forward with our Marketing efforts. E. Mann Property123rd Street Update John Hinzman has contacted Dennis Mann about his interest in selling his vacant parcel on the 2300 block of Vermillion Street. Dennis appears to be interested but will be out of town until March 15th. The City will meet with him when he returns John Hinzman has also been in contact with property owners along the east side of Vermillion Street between Gahnz Furniture and the Regency Inn to get their feedback on potential traffic changes and how they would affect future plans. F. Red Rock Station Area Study. The Red Rock Proj ect Management Team is scheduled to meet on March 10th. Further information at the meeting. G. CommerciallIndustrial Vacancy Update It appears the bookstore on 2na Street is moving into the former consignment shop at 401 Vermillion Street. A few more vacancies have occurred downtown with the closing of Hastings Sewing Center (208 Sibley St), and Fresh Fruit (219 Sibley St). Please see attached report for more information. Hastings EDRA Hastings Economic Development and Redevelopment Authority 6:00 p.m. Hastings City Hall Minutes of February 11, 2010 EDRA Commissioners Pam Holzem, Kurt Keena, Ron Toppin, Dennis Martodam and Donna Elling Schultz absent, present. Commissioner Bob Hollenbeck and Anthony Alongi Staff present: Hastings EDRA Director John Grossman, Planning Director John Hinzman, and Community Relations Specialist Shannon Rausch, I. MEETING CALLED TO ORDER AT 6:OOPM II. APPROVAL OF MINUTES Minutes from the January 14, 2010 were presented; Commissioner Toppin moved to approve the minutes. Holzem seconded the motion; Motion passed 5-0 III. BILLS Commissioner Holzem moved to pay the bills. Elling Schultz seconded the motion. Motion passed 5-0 IV. BUSINESS A. Dennis Mann Property, 23XX Vermillion Street The Dennis Mann property has been for sale for some time; however it appears he may be more interested to sell now. The 0.83 acre vacant parcel is located on the east side of Vermillion Street between Gahnz Furniture and State Farm. The property is adjacent to the 23rd and Vermillion Street intersection. An extension of 23rd Street east of Vermillion and the creation of "backage roads" for business access has been part of the City's long range plan for many years now. The Vermillion Corridor Development Guidelines has identified the intersection for a future traffic light. In 2009 SEH conducted a study of the intersection to determine if it met warrants for a stoplight at this intersection. The study found it currently did not; however future commercial development could trigger warrant for a new light. The property currently has a land value of $208,000, and right now it is estimated that fair market value on this property is somewhere around $250,000. Mr. Mann indicated that he would be looking for some where in the $6.00 - $8.00/sq. ft. range. Commissioners discussed and felt that it is important to consider acquisitions of properties in the area in hopes of meeting warrants for a traffic light. Now would be the perfect opportunity to try and do so. Direction provided by the Commission to staff is to continue to pursue acquisition of the Mann Property and report back at a later time. Hastings EDRA: 2/11/10 1 B. Bob Mellon Loan Agreement: The residential rehab loan for 413 W. Second St. is currently $280 per month which is a significant percentage of his monthly income. EDRA is asked to consider re-amortizing the balance of $14,772 at a 0.75% interest rate with a 15 year term and a payment of $86.80 per month. If the Commission lowers the rate and the monthly payments are made on time then the Commission can reevaluate the terms and conditions at that time. Commissioner Toppin moved to re-amortize the remaining balance as presented by staff. Elling Schultz seconded the motion. Motion passed 5-0 V. REPORTS: A. Hudson Manufacturing David Osberg and Paul Hicks met with Hudson representatives on February 3rd to discuss an outline for the potential purchase of Hudson and relocation to the vacant Intek building on 10th Street. Ehlers and Associates have developed a preliminary TIF projection to fund the possible acquisition of Hudson based upon redevelopment potential of the property. Ehlers estimates a net yield of TIF revenue at $45,000 per year, increasing to $85,000 annually with 2% inflation over 25 years. Ehlers assumes the City would issue a three year (could be longer) temporary G.O. TIF Bond to fund acquisition. After resale of the Hudson property, the remaining debt would be retired with a long term permanent G.O. TIF Bond. This approach eases the immediate impact of costs on the EDRA budget. The City has contacted Liesch Associates to provide preliminary environmental due diligence and demolition costs. Liesch estimates the cost of conducting a phase I and II environmental site assessments, pre-demolition survey, pre-renovation survey, and demolition at $334,000 - $507,000. The Dakota County CDA authorized the City's $250,000 Hudson grant at their February 9th meeting. B. Red Rock Station Area Study. The Red Rock Project Management Team met on February 3rd to discuss the recent breakfast event, and the kick-off/press event which took place on February 8th at the State Office Building Press Room. Analysis of transit oriented development framework was also discussed. C. Marketing Focus Group. Several small business owners from around town have been contacted and asked if they would be willing to join us to discuss what kind of marketing efforts they might currently be doing and to try and determine how the EDRA can assist them in drawing new customers, particularly with bridge construction expected to start this fall and be in full swing by 2011. These businesses include, Barb Hollenbeck (Second Childhood) Mark Vetvick (Country Inn and Suites) Christine Schaffer (Hastings Gift, Garden and Floral) Leslie Nielsen (Meloy Park Florist) Ron Martino (Mississippi Clayworks) Hastings EDRA: 2/11/10 Karen Jung (Emporium) Kevin Hoeschen (DBA) Nicole ... (owner of Nu Wave Hair - Westview mall) Jackie Eischen's (Eischen's Cabinets) Michelle Jacobs (chamber of Commerce) Karen Spicer (Board of Tourism) D. Annual Report Planning Director Hinzman provided the Commission a brief summary on the 2009 Annual Report ADJOURNMENT: Commissioner Toppin moved to adjourn at 7:00 p.m., Commissioner Holzem seconded. Motion Passed 5-0 Next meeting is scheduled for March 11, 2010 at 6:OOpm in the Council Chambers. Shannon M. Rausch, EDRA Secretary Hastings EDRA: 2/11/10 3-04-2010 10:58 AM D E T A I L L I S T I N G PAGE: 1 FUND 404-HRA REDEVELOPMENT ACTIVE ACCOUNTS ONLY PERIOD TO USE: Feb-2010 THRU Feb-2010 DEPT SUPPRESS ZEROS ACCOUNTS: 500-6003-6201 THRU 500-6206-6402 POST DATE IRAN # REFERENCE PACKET======DESCRIPTION=====_= VEND INU/PO/JE # NOTE =====AMOUNT==== ====BALANCE==== FUND: 404-HRA REDEVELOPMENT ------------------------------------------------------------------------------------------------------------------------------------ 500-6003-6321 TELEPHONE BEG INNING BALANCE 12.84 2/23/10 2/25 A77868 CHK: 940432 01664 PHONE SERVICE 000700 6.39 19.23 ONENET USA INU# FEB 10 /PO# _____________ FEBRUARY ACTIUITY DB: 6.39 CR: 0.00 6.39 ------------------------------------------------------------------------------------------------------------------------------------ 500-6003-6337 INSURANCE-GENERAL LIABILITY BEG INNING BALANCE 0.00 2/17/10 2/18 A77681 CHK: 940368 01649 GENL LIAB 44648 329.00 329.00 LEAGUE MN CITIES INSURANC INU# 33291 /PO# _____________ FEBRUARY ACTIUITY DB: 329.00 CR: 0.00 329.00 ------------------------------------------------------------------------------------------------------------------------------------ 500-6003-6340 INSURANCE-WORKERS CONPENSATION BEG INNING BALANCE 0.00 2/02/10 2/08 A77138 CHK: 940251 01632 WORKERS COMP 44648 528.99 528.99 LEAGUE MN CITIES INSURANC INU# 17205 /PO# _____________ FEBRUARY ACTIUITY DB: 528.99 CR: 0.00 528.99 ------------------------------------------------------------------------------------------------------------------------------------ 500-6004-6322 POSTAGE BEG INNING BALANCE 8.54 2/01/10 2/04 B07212 02054 January Postage JE# 003566 0.88 9.42 _____________ FEBRUARY ACTIUITY DB: 0.88 CR: 0.00 0.88 ------------------------------------------------------------------------------------------------------------------------------------ 500-6005-6304 LEGAL FEES BEG INNING BALANCE 0.00 2/09/10 2/11 A77359 CHK: 001034 01641 HOLLE LOAN DOCUMENTS 06713 32.00 32.00 BRADLEY & DEIKE PA INU# 29973 /PO# _____________ FEBRUARY ACTIUITY DB: 32.00 CR: 0.00 32.00 3-04-2010 10:58 AM D E T A I L L I S T I N G PAGE: 2 FUND 404-HRA REDEVELOPMENT ACTIVE ACCOUNTS ONLY PERIOD TO USE: Feb-2010 THRU Feb-2010 DEPT 500 HOUSING & REDEVELOPMENT SUPPRESS ZEROS ACCOUNTS: 500-6003-6201 THRU 500-6206-6402 POST DATE IRAN # REFERENCE PACKET======DESCRIPTION=====_= VEND INU/PO/JE # NOTE =====AMOUNT==== ====BALANCE==== ------------------------------------------------------------------------------------------------------------------------------------ 500-6008-6311 EXPERT & CONSULTANT BEG INNING BALANCE 0.00 2/16/10 2/18 A77671 CHK: 001035 01649 FINANCIAL ADU SUC - HUDS 17192 5,082.50 5,082.50 EHLERS & ASSOC INU# 341025 /PO# 2/16/10 2/18 A77710 CHK: 001036 01649 RELOCATION SERVICES/HUDS 89350 656.05 5,738.55 WILSON DEVELOPMENT SERUIC INU# 21982 /PO# _____________ FEBRUARY ACTIUITY DB: 5,738.55 CR: 0.00 5,738.55 *-*-*-*-*-*-*-*-*-*-*-*-*- 000 ERRORS IN THIS REPORT! *-*-*-*-*-*-*-*-*-*-*-*-*-* ** REPORT TOTALS ** --- DEBITS --- --- CREDITS --- BEGINNING BALANCES: 178.88 0.00 REPORTED ACTIUITY: 6,635.81 0.00 ENDING BALANCES: 6,814.69 0.00 FUND: 405-GUARDIAN ANGELS - TIF FUND: 406-HASTINGS-RIUERFRONT TIF FUND: 807-ESCROW - DEU/ENG/TIF-HRA FUND: 900-INUESTMNT IN FIXED ASSETS 3-04-2010 10:58 AM D E T A I L L I S T I N G PAGE: 3 SELECTION CRITERIA FISCAL YEAR: Jan-2009 / Dec-2009 FUND: All PERIOD TO USE: Feb-2010 THRU Feb-2010 TRANSACTIONS: BOTH ACCOUNT SELECTION ACCOUNT RANGE: 500-6003-6201 THRU 500-6206-6402 DEPARTMENT RANGE: - THRU - ACTIVE FUNDS ONLY: NO ACTIVE ACCOUNT ONLY: YES INCLUDE RESTRICTED ACCOUNTS: NO DIGIT SELECTION: PRINT OPTIONS DETAIL OMIT ACCOUNTS WITH NO ACTIVITY: YES PRINT ENCUMBRANCES: NO PRINT VENDOR NAME: YES PRINT PROJECTS: YES PRINT MONTHLY TOTALS: YES PRINT GRAND TOTALS: NO PRINT: INVOICE/PO # PAGE BREAK BY: NONE --------------------- --------------------------------------------------------------------------------------------------------------- *** END OF REPORT *** 3-04-2010 10:35 AM D E T A I L L I S T I N G PAGE: 1 FUND 407-ECONOMIC DEU-IND. PK ACTIUE ACCOUNTS ONLY PERIOD TO USE: Feb-2010 THRU Feb-2010 DEPT SUPPRESS ZEROS ACCOUNTS: 180-1502-6201 THRU 180-1502-6570 POST DATE IRAN # REFERENCE PACKET======DESCRIPTION=====_= VEND INU/PO/JE # NOTE =====AMOUNT==== ====BALANCE==== FUND: 407-ECONOMIC DEU-IND. PK ------------------------------------------------------------------------------------------------------------------------------------ 180-1502-6321 TELEPHONE BEG INNING BALANCE 12.94 2/23/10 2/25 A77868 CHK: 940432 01664 PHONE SERVICE 000700 6.65 19.59 ONENET USA INU# FEB 10 /PO# _____________ FEBRUARY ACTIUITY DB: 6.65 CR: 0.00 6.65 ------------------------------------------------------------------------------------------------------------------------------------ 180-1502-6324 MILEAGE BEG INNING BALANCE 0.00 2/23/10 2/25 A77916 CHK: 940420 01664 MILEAGE-ECONOMIC DEU 29490 55.40 55.40 JOHN HINZMAN INU# FEB 09 /PO# _____________ FEBRUARY ACTIUITY DB: 55.40 CR: 0.00 55.40 *-*-*-*-*-*-*-*-*-*-*-*-*- 000 ERRORS IN THIS REPORT! *-*-*-*-*-*-*-*-*-*-*-*-*-* ** REPORT TOTALS ** --- DEBITS --- --- CREDITS --- BEGINNING BALANCES: 257.94 0.00 REPORTED ACTIUITY: 62.05 0.00 ENDING BALANCES: 319.99 0.00 3-04-2010 10:35 AM D E T A I L L I S T I N G PAGE: 2 SELECTION CRITERIA FISCAL YEAR: Jan-2009 / Dec-2009 FUND: All PERIOD TO USE: Feb-2010 THRU Feb-2010 TRANSACTIONS: BOTH ACCOUNT SELECTION ACCOUNT RANGE: 180-1502-6201 THRU 180-1502-6570 DEPARTMENT RANGE: - THRU - ACTIVE FUNDS ONLY: NO ACTIVE ACCOUNT ONLY: YES INCLUDE RESTRICTED ACCOUNTS: NO DIGIT SELECTION: PRINT OPTIONS DETAIL OMIT ACCOUNTS WITH NO ACTIVITY: YES PRINT ENCUMBRANCES: NO PRINT VENDOR NAME: YES PRINT PROJECTS: YES PRINT MONTHLY TOTALS: YES PRINT GRAND TOTALS: NO PRINT: INVOICE/PO # PAGE BREAK BY: NONE --------------------- --------------------------------------------------------------------------------------------------------------- *** END OF REPORT *** TIE IAN +~~.ate ~is~i+ct '~ 321 Stt~ C~~i~vi ~uldin 7~5 Rev. fir: Martin L~it~ter , Jr: ~l~d: Sl, Fain, ~I~151~~-1Gf~6 Fh~n~: ~~~~~ 297-899 email: ~n.kate.seb+ensenate. areh ~ 1 ~hn Hinzn~~n it ~f ~Iast~ns ~e~on~tie ~~vela~rr~~nt ~utherit 1 ~ 1 nth Meet fast #~~ ~ ~'~, ~: T, s,, ~ ~ ~ K ~, , rril~. ,~ .,~ - , Senate oaf ~~ ~eal• ~~hn, ~Q~~~~ ~a~~~a c~~rz~~~~fi~ ~~.~tx~ hive recently reed n ~r~iele ~ the ~~nne~palis star °Tribune, enelt~se~., ~b~ut the 15Q Project, ~n ec~nen~c clevel~pn~ent tac~l that the c~nc~m~c evel~rner~t .uth~ority c~ul~ use t~ encc~ure shepPers t~ huy lc~c~l and h~a~st shall bu~lncs~ in cur ~~~.l~un~~y, The I~ Project ~~ started t~~a ~ax.t~er, local retail consultant. . ~~.xter ~develoe~ ,~ ~r~tarr~ to enca~ura~e shcPPers ~~ s~en~ ~ each m~c~nth an~~n three laical businesses, cc~rd~n~ tea tud.ies s~ Baxter quotes ~~ help ~vebs~te, fir even 1 ~~ spent in in~.ep~endcntly ~ne~ stares, G~lnes back t~ tl~e cr~mun~ty tl~rouh taxes, ~r~ll and ether exen~litures. conversely, the ~~ a~rlount sent at ~ natlcnal chain contributes only X43 to the local econol~.y. There is re~.~ly-rna.de ~I~~ l'ro~ect rnarl~et~n ca~~lpaln that local l~uslnesses can partieip~ate in at no hare. Tl~e vvel~site, ~v~~f~~ tie ~}~~~~~t sect ~~ct, has flyers that c~.n be d~nloaded and d~stz~buted. businesses can becal~ne ~~~`~.~~' of tl~e Facel~aal~ site and also post. the 1~~ information on their oven ~vebsites or l~'~.ceb~o~l~ aes~ hundreds innesota'busineses already ~art~cipate. l'~umerous halr~ber oranlzatlons In e~tles across ~innesot~. as well ~~ local Econ+~mic ~eveloment authorities have signed on well.. If the Econo~~lic >~evela~~lent authority ~~ interested in using these resources, ~ . happy to h.el~ promote the fro jest through press rcleascs and other tnarketirl venues, If you have farther questions, please feel free tc~ contact me at: ~ -~~~-~~~, Sincerely, ~~ Katie Siel~erl State Senator _ :g 3~~~~a~a - Taking focal viral S'tarTribune.com i t~uv~u~ Botts ~ s~. ~.~uL, mzrrr~~5ar~ Taking local viral B J~~I~ ~~,~3'Y, star Tribune February ~ 4, ~g1 g ~ ost people want to sidle up to ~prah. Linda Baxter took heron. "~prah, you've gotitwrang," Baxter lashed out in a blog entry that would launch a thousand. e~mails and a newbusiness venture ~ . The flash point far Baxter, ~ Twin ~ifiies retail consultant and peaker,~~cam~ during the . depths ~f the conorr~ic crisis last ~lrc,h~ That's when the talk show diva teamed up with personal finance guru u ~rrnan to. urge viewers to stop all unne~esary-spending. „That's the quickest way to bankrupt an entire nation's economy," ~Ba~x~er said recently, ,her voice still brir~rning with astonishment. ~ ~ ~ ~ -,. - ~ Baxter's bldg entry suggested a~n alternative. dick threw locally awnedstores you don't want to sae go ai~ay. spend ~~ a month ar~an them. Deep local businesses humming. And with :that, the .3I5D ~roaect vu~nt viral~~ .. ~ . Author blo r~ acid marketin a ert Vieth Rodin sturr~bied across Ba~`. ~~~ l ~ . gg g xt s b og and endorsed the I~~ Project., ~fUard~~s~read quickly on Tviritter, Busir~es~~-and individuals ~ ~. .. across the .country~becan~e, ~a~ebook fans by the hundreds, . - ~ . ~ ~ - ~. -Flooded with requests far-more-infarma.tion, Baxter threw up a websit~,~and whipped ~ - together a ready-made marketing can~pai~n that small businesses could dovunload far - free. Shy encouraged buin~ses to~ featu;re the 3158 Project logo, on :th~r websites and to get fliers~into the hands.of~~~tamers~ v~ho might riot realise the power-of~.the purse. Baxter's fliers quote studies by civic Econarnics, an economic analysis consulting firm, that found that far every egg spent in independently awned stares, 8 comes back to the . - community through taxes, payroil and other expenditures: National chains contribute about By Baxter's calculations,. if every working person in the United states spent g a month at independent chaps, it would generate mare than ~~.~ billion in sales. ~ - - "[t was a,na-brainer far u~s," said Doug Huemaeller, owner of Kitchen windowin ~Ilinneapolis. The stare displayed the ~I~g material prominently in windows and checkout counters at its previous location in Calhoun square. Acampaign relaunch is planned for the new space in the Uptown mall next month. "In a small business, we wear a,0~a hats,,' he said. "This is weliWdesigned, easy to execufe, and has a distinctive message. It made us feel like sor~ebady out there is supporting us." ~tarCribuncacom~,.,~~rin~ Thies ~~~ry?sid... ~f 3 3~3J~D~0 Taking I~cal viral - Despite the worst econamic downturn in six decades, Baxter rode the wave of a~growing "buy Ioca[" rr~aveme~nt. At least ~~0 cities natianwide have formed local business alliances W ~~ a number that has tripled in the past three years, according to a recent taunt by the institute for focal elf"~eGance, "There's ~ lot o~ qualitative evidence to suggest that independent businesses with buy loca[~movements have fared better through the recession than thane without it,"said Stacy { t Mitchell, a senior researcher with the argani~a~ion, . Uvhile sales at the nation's retailers were up about 1~5 percent over the halidays, according to t}~e I.J.B. commerce Department, independentretailers worn up ~. percent, - a~eardir~g to the institute. ~ ~ ~ - - uppor~ing neigh~~orhood ~ ~. ~ ~ ~ ~ ~ -= ~. A survey published in ~0~9 by~ Ens for the itiea ~four~d that hor~es~ Iodated within walking ditane aka neighbarhoad business have held their~valu~ through the ho~ising callape better than:these without retail nodes. _ ~ ,~ ~ - [t'~ ~ecomirig o hip to b~ .local, Mitchell Hated In ,a recent speech, fihat tarbucks has ., opened a store called "~ 5th Avenue toffee and Tea" ~in Seattle. [f you didn't knave better, you'd think it was a momWai~d~pop shop, not pert of a, nearly ~ ~,~~~~-store chain, ~ ~~ In ~h~ Tin~.~itie~ a nur~ber~o-f..reu ~ s.su ~ ~~ort inde enden~ businesses -includin tie Twin t. ~i~ies Metra :Ind.-epe~nden.t~Buines Allianoe~.ar~d its Buyfoca[In~carr~ sits, and fhe raid , . ;. ~. .., .. Ave~~ue~ Business Asociatior~,~~~ n~~r .raup~, .tf~~e.9th ~~treet=~xperience, launched last weed- ~~, to~.up.port do~mtown-Minneapo4li,s ~estauran~s and~retailers an gth ~freet. ~- ~'he ~I~ Pro~ect.h~ hit.~~ f~i~ speed b~u~r~p~s. Baxter and her lawyers have pounced an ~ . merchants whp -have~_altered~ the laga or ,firied- to p~~~ their au~n shin an the ~ampaign~ And sore ~criti~ ~rorry that it's n~othjng mars th~ri~ a feel-good oampaign for chambers of cor~r~erce and that mare subs#ntial changehappen when local businesses work with city. and state leaders. - ~~ . treating a movement , ~ ~ ~ ~ - ~ - i .. , Baxter, 49, who awned a stationery and gift store in inne.apolis far ~ 4 years: makos no apologies for protecting, her tra~emarl~ed ~rn~terial. the said merchants r~~tionide are ~i~iding ~ne~rways to market the~~15o Project. A group of shopkeepers in Plymouth,llllich., had Baxter create yard signs. A library asked her to create bookmarks that got stuck in every book at checkout. In hippack, Pa., businesses paaled 1 ~ each to print ~~,0~0 postcards. ~n Des Haines, a group of businesses tookout a foil-page ad in the Sunday paper, Agroup in Toronto i working with high school students to hand cut window signs to Iooal r~erchants. Electric Fetus co-owner Stephanie avart Meyerring saw the 31~~ Project-as strong complement to the music and gift store's own buy-local program, f111inr~Ecanamy, which it s~aribun~.~omJ...~Prirr~ Thi~,~~ory?sid." ~l~ ~~3J~0~~ Taking i~cai virai launched last year to support local rr~usicians and artists. Project 10 fliers are placed by the front door, along with handouts from Metro Independent Business Alliance and h~linnBccnon~y Faking a difference "People think they can't make a difference," said. ovart I~IleyerrEng. "But when they see how simple it is, and that it's really doable, that"s a powerful statement. Uvith the economy, people don't have a lot of cash to spend. But we're finding thatvuhe~ they do spend it, they want to spend where it helps the community." Nearly a year after hastily crafting the ~prah~comeback bldg post, Baxter said the I~ Project boasts support from mare than ~ ~,~0~ businesses, charnbers of commerce, business associations and individuals in every state in the country Last week, the website topped 1 million page views and 79,a0 unique visitors... - Baxter's current challenge i to mare it profitable, speaking fees and~consultantwork have - kepther mortgage paid, but promoting the to Project is mare than afull-tirr~e job, she said. ~y midyear; Baxter intends to launch two more tiers of paid membership that will allow merchants to~co-brand with ~~~0 ar to get mare targeted marketing support. Irony be darned, Baxter also is o~ the hunt~for a national corporate sponsor, such s a media outlet or cable company. "we've gat to monetize this thing to keep it going," she said. With seemingly boundless energy and a new calling, Baxter said she has na doubt sherll find awayto keep momentum building for~~5~~ "vlfhen times are difficult, that's when~we see the mast ingenuity and creativity," she said. "hocola~te chip cookies were invented during the great Depression.,' Jackie rasby • ~ ~~7»7~ ~ ~~~ a starTribune. IVI rights reserve. ~artribun~~c~r~J.,~JPrin~ Thi~~.~ary?~id~„ ~ Balance Sheet for City of Hastings Economic Redevelopment Redevelopment Authority Assets Cash Dedicated Cash-Revolving Loans Taxes receivable Accounts receivable Interest receivable Loan receivable Deposit Receivable Due from other funds Prepaid Items TOTAL ASSETS Liabilities Accounts payable Salaries payable (Accrued from prev pay period) Deferred revenue (loans due in later yrs) Due to other governments Compensated Absences (Grossman) TOTAL LIABILITIES Beginning Fund Balance Net Income (Loss) Ending Fund Balance FUND BALANCE PLUS LIABILITIES EDA HRA (Industrial Park) Total Fund Fund All Funds 12131 /2009 12/3112009 12/3112009 955,310.00 92,969.00 1,048,279.00 (33,084.00) - (33,084.00) 31,311.00 3,865.00 35,176.00 5,256.00 - 5,256.00 3,823.00 346.00 4,169.00 520,112.00 - 520,112.00 - 100,000.00 100,000.00 4,452.00 - 4,452.00 164.00 6.00 170.00 1,487, 344.00 197,186.00 1, 684, 530.00 3,705.00 620.00 4,325.00 2,964.00 1,535.00 4,499.00 508,903.00 863.00 509,766.00 111.00 - 111.00 43,530.00 - 43,530.00 559,213.00 3,018.00 562,231.00 995,639.00 204,692.00 1,200,331.00 (67,508.00) (10,524.00) (78,032.00) 928,131.00 194,168.00 1,122,299.00 1,487, 344.00 197,186.00 1, 684, 530.00 Financial Statement for City of Hastings Econcomic Development Redevelopment Authority EDA HRA Industrial Park Total Fund Fund All Funds 12/31 /2009 12/31 /2009 12131 /2009 Taxes 252,665.00 32,373.00 285,038.00 LGAIMarket Value Credit/Grant - 1,750.00 1,750.00 Interest 20,864.00 1,945.00 22,809.00 Rental Income 750.00 13,735.00 14,485.00 Loan Interest 12,134.00 - 12,134.00 Other Unclassified (Loan repayments) 22,468.00 600.00 23,068.00 Total Revenues 308,881.00 50,403.00 359,284.00 Personnel Expenses 144,798.00 53,020.00 197,818.00 Supplies 554.00 - 554.00 Other Services & Charges 87,154.00 2,722.00 89,876.00 Miscellaneous-(Loans) 27,765.00 - 27,765.00 Capital (Trees) 8,691.00 - 8,691.00 Transfers Out Admin Charges 32,510.00 5,185.00 37,695.00 Special assessment 74,917.00 - 74,917.00 Total expenses 376,389.00 60,927.00 437,316.00 Revenues over Expenditures $ (67,508.00) $ (10,524.00) $ (78,032.00) HRA Programs Personnel Expenses Supplies Other Services for Charges Miscellaneous Capital Transfer Out Total EDA (Industrial Park) Programs Personnel Expenses Supplies Other Services for Charges Miscellaneous Capital Transfer Out Total 6206 6003 6004 6005 6008 6009 Residential Administration Rehabilitation Redevelopment Public Impr Loans TOTAL 144,798.00 554.00 13,301.00 154.00 483.00 32,510.00 191,646.00 154.00 144,798.00 554.00 681.00 73,018.00 87,154.00 27,283.00 27,766.00 8,690.00 8,690.00 74,917.00 107,427.00 681.00 73,018.00 83,607.00 27,283.00 376,389.00 Administration Business Development 53,019.00 2,722.00 5,185.00 60,926.00 0.00 City of Hastings, Listing of Current Commercial Availability Downtown District Hwy 55 Map Number Address Contact TypelSize LeaselRentlSale Pam Holzem 1 311 2nd Stret E. 952-454-5373 Storefront/Office For Lease 208 Sibley St. 2 (Hastings Sewing Center) Unknown Storefront 213 Sibley St. 3 (Riviera) 651- 592-3853 Store/Office For Lease 219 Sibley Street Storefront 4 Fresh Fruit 651-795-9809 For Rent CAC Properties 5 220 Sibley St. 651-332-9300 Office For Lease 110 2nd Street 6 (Used Books) Unknown Storefront 111 3rd St E. For Lease- 2 suites, 7 Chamber of Commerce 651-438-3870 Office 4500 and 1600 s ft 401 Vermillion St 8 Consi nment Store 651-491-3422 Storefront (1/2 of old space) For Lease 410 Vermillion St 9 Rivertown Li uors Unknown Storefront Map Number Address Contact TypelSize LeaselRentlSale 223/22511 th St. W 1 (Marathon Gas Station) Unknown Gas Station Kimco Realty Corporation 2 925 Highway 55 651-437-5000 Office Space Lease 1125 S. Frontage Rd. Don Lawrence 3 (Office Center) 651-437-6611 Office space- 2 Lease 4 1104 Highway 55 651-270-1005 Office Space Lease 1250 S. Frontage Road 5 (Tobacco Warehouse) 1-800-361-8157 Store front-1 Lease 1314 S. Frontage Road IRE 6 (Los Jimadores) 651-289-2167 Restaurant Lease 1318 S. Frontage Road 7 (Jiffy Lube) (612) 619-3210 Storefront 1320 S. Frontage Road 8 (Mid Country Bank) 320-234-4565 Office- 6800 square feet Rent City of Hastings, Listing of Current Commercial Availability 9 1303 S Frontage Road 952-844-0500 Office Space Lease Joseph McGuire 10 1317 South Frontage Road 414-905-1401 Store front Lease 1355 South Frontage Road MidAmerica 11 (Westview Mall) (952) 563-6600 Storefront- 3 Lease Nick Conzemius 12 1640 South Frontage Road 952-924-4666 Office Space Lease 1769 S Market Boulevard 13 (Suntime Travel) 612-239-8200 Storefront For Lease 1735,1747 N. Frontage Rd 14 (Dakota Summit Center) 612-865-8874 Storefront- 2 Lease Vacant Land 15 (Dakota Summit Center) 612-865-8874 Build to suit- 2 outlots For Sale For changes or additions, please a-mail info to: kbarker@ci.hastings.mn.us Working Copy: 3/2010 Hwy 611316 Map Number Address Contact TypelSize LeaselRentlSale 119 9th St W Ceron Properties Commercial 1 (School House Square) 952-469-9444 1,200-5,500 sq. ft. Lease-1 storefront 101 10th St E Pat Regan 2 (School House Square) 651-437-9421 Office Space Lease 1206 Vermillion Street MidAmerica 3 (Midtown Food Center) (952) 563-6600 Storefront For lease 1204 Vermillion St Grub & Ellis 4 (Rambacher Flooring) 952-820-1600 Commercial Sale 1214 Vermillion St Grub & Ellis 5 (O'Reily's) 952-820-1600 Commercial Sale 1303 Eddy St 6 (Home Video) Unknown Storefront/Office ZRPM Property Management 7 1304 Vermillion St 651-438-3447 Office Space Lease ZRPM Property 1310 Vermillion St Management 8 (Meloy Park Florist) 651-438-3447 Commercial Lease Office or Retail 1317 Vermillion St Jerry Fair 3 spaces-1800 sq. ft, 9 (Fair Office World) 651-437-7000/651-208-3983 Office Space 1600 sq. ft, 1100 sq. ft. City of Hastings, Listing of Current Commercial Availability Industrial Park 1501 Vermillion St Linn Companies 10 (Former Jiffy) (651) 731-0515 Build to suit Sale 1912 Vermillion St Dave Ross Real Estate 11 (Next to Pawn Shop) (651) 455-3663 Build to suit-1.46 acres Sale- $525,000 Sale - $160,000 -would need to be combined 12 XXXX Vermillion St Abarim Realty Land - .17 acres w/additional land 3050 Vermillion St 13 (Currently Residential) 651-437-5382 Commercial Sale 350 33rd St Marketplace Realty 14 (Papa's Bar and Grill) 651-639-0821 Restaurant Sale 300 33rd St W (Vacant Lot Next to Radke Realty 15 Country Inn & Suites) 651-261-9320 Land Sale 225 33rd St W Marketplace Realty 16 (Coborn's) 651-639-0821 Land-outlots Sale 225 33rd St W Marketplace Realty 17 (Coborn's) 651-639-0821 Commercial Lease Marketplace Realty 18 XXXX 33rd Street 651-639-0821 Land- outlots For Sale Marketplace Realty 19 3525 Vermillion St 651-639-0821 Currently home Sale- $2.6 million Map Number Address Contact TypelSize LeaselRentlSale Arthur Miller 1 2911 Enterprise Avenue (651) 437-8535 Industrial For Lease Marketplace Realty 2 2939 Enterprise Avenue (651) 639-0821 Industrial For Lease Dwyer and Associates 3 875 Sprial Boulevard (651) 398-7808 Industrial For Sale by Owner Kenneth Meinke 4 624 Spiral Boulevard (651) 686-2002 Warehouse/showroom For Sale Marketplace Realty 5 460 Spiral Boulevard Suite 1 (651) 639-0821 Industrial For Sale Marketplace Realty 6 671 (A) 31st Street (651) 639-0821 Industrial For Sale