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Home My WebLink About2025-02-10 City Council Workshop Packet AGENDA MAPLEWOOD CITY COUNCIL MANAGER WORKSHOP 5:00 P.M. Monday, February 10, 2025 City Hall, Council Chambers CONCURRENT MEETING WITH THE MAPLEWOOD ECONOMIC DEVELOPMENT AUTHORITY SPECIAL MEETING A. CALL TO ORDER B. ROLL CALL C. APPROVAL OF AGENDA D. UNFINISHED BUSINESS None E. NEW BUSINESS 1. Economic Development Strategy F. ADJOURNMENT RULES OF CIVILITY FOR THE CITY COUNCIL, BOARDS, COMMISSIONS AND OUR COMMUNITY Following are rules of civility the City of Maplewood expects of everyone appearing at Council Meetings - elected officials, staff and citizens. It is hoped that by following these simple rules, everyone’s opinions can be heard and understood in a reasonable manner. We appreciate the fact that when appearing at Council meetings, it is understood that everyone will follow these principles: Speak only for yourself, not for other council members or citizens - unless specifically tasked by your colleagues to speak for the group or for citizens in the form of a petition. Show respect during comments and/or discussions, listen actively and do not interrupt or talk amongst each other. Be respectful of the process, keeping order and decorum. Do not be critical of council members, staff or others in public. Be respectful of each other’s time keeping remarks brief, to the point and non-repetitive. THIS PAGE IS INTENTIONALLY LEFT BLANK E1 CITY COUNCIL WORKSHOPSTAFF REPORT Meeting Date February 10, 2025 REPORT TO: Michael Sable, City Manager REPORT FROM: Danette Parr, Community Development Director PRESENTER:Breanne Rothstein, Thrive Consultant Michael Sable, City Manager Danette Parr, Community Development Director AGENDA ITEM: Economic Development Strategy Action Requested: MotionDiscussion Public Hearing Form of Action: Resolution OrdinanceContract/Agreement Proclamation Policy Issue: The Maplewood City Council is continuing the ongoing discussion around the creation of the Maplewood Economic Development Strategy. Recommended Action: No action is necessary. Fiscal Impact: Is There a Fiscal Impact? No Yes, the true or estimated cost is $0.00 Financing source(s): Adopted Budget Budget Modification New Revenue Source Use of Reserves Other: n/a Strategic Plan Relevance: Community InclusivenessFinancial & Asset MgmtEnvironmental Stewardship Integrated CommunicationOperational EffectivenessTargeted Redevelopment The city supports development and the leveraging of resources to expand the tax base while meeting the diverse needs of the community. In addition, the city promotes quality housing, commercial development, and business growth. Background: In August 2024, the City Council started discussing its role and the opportunities that exist for economic development in the City of Maplewood. This concurrent meeting with the Economic Development Authority is a continuation of those discussions. Breanne Rothstein with Thrive will facilitate the discussion and continue to lay the groundwork for the future development of our economic development strategic plan. Attachments: 1.PowerPoint Presentation Workshop Packet Page Number 1 of 29 E1, Attachment 1 Authority Economic Presentation Development February 10, 2025 Workshop Packet Page Number 2 of 29 E1, Attachment 1 2 Overview Sample Footer Text I. The purpose of the EDAII. Context settingIII. Tools and ResourcesIV. Next Steps Workshop Packet Page Number 3 of 29 E1, Attachment 1 of the EDA I. The Purpose Workshop Packet Page Number 4 of 29 E1, Attachment 1 through business and housing projects Drive local economic development Enhance tax base Provide resources for redevelopment and community revitalizationPromote Maplewood as a business-friendly environment Why Does the EDA Exist? Workshop Packet Page Number 5 of 29 E1, Attachment 1 development.development.initiatives.audits. І~ĳŏŏđŹŗƂê϶¨ƂêƂƇƂđŹ϶9İêŲƂđŵ϶ͰͲ͵ІąŴƇĳŵđ϶êŏċ϶Źđňň϶ŲŵŗŲđŵƂƢ϶Ĩŗŵ϶đąŗŏŗŎĳą϶І¡ŵŗƚĳċđ϶ňŗêŏŹ϶êŏċ϶ĩŵêŏƂŹ϶Ĩŗŵ϶ăƇŹĳŏđŹŹ϶І\[êąĳňĳƂêƂđ϶İŗƇŹĳŏĩ϶ŲŵŗŁđąƂŹ϶êŏċ϶ŵđċđƚđňŗŲŎđŏƂ϶ІfŹŹƇđ϶ăŗŏċŹ϶Ƃŗ϶ĨƇŏċ϶ŲŵŗŁđąƂŹϼІ¨ƇăŁđąƂ϶Ƃŗ ϶ŹƂêƂđ϶ňêƜŹϽ϶ŲƇăňĳą϶ƂŵêŏŹŲêŵđŏąƢϽ϶êŏċ϶ Statutory Basis:Powers and Duties:Accountability: Statutory Role of Minnesota EDAs Workshop Packet Page Number 6 of 29 E1, Attachment 1 dwellingslow/moderate income residentstransparency, and audits. І~ĳŏŏđŹŗƂê϶¨ƂêƂƇƂđŹ϶9İêŲƂđŵ϶ͰͲ͵І¡ŵŗƚĳċđ϶êċđŴƇêƂđϽ϶ŹêĨđ϶êŏċ϶ŹêŏĳƂêŵƢ϶І9ňđêŵ϶êŏċ϶ŵđċđƚđňŗŲ϶ăňĳĩİƂđċ϶êŵđêŹІ¤đŎđċƢ϶ŹİŗŵƂêĩđ϶ŗĨ϶İŗƇŹĳŏĩ϶Ĩŗŵ϶І¨ƇăŁđąƂ϶Ƃŗ϶ŹƂêƂđ϶ňêƜŹϽ϶ŲƇăňĳą϶ Statutory Basis:Powers and Duties:Accountability: Statutory Role of Minnesota HRAs Workshop Packet Page Number 7 of 29 E1, Attachment 1 Originally formed in 2009 as an EDA (not an HRA)ͮͬͭͮ϶АƂŵêŏŹĨđŵŵđċ϶c¤϶êƇƂİŗŵĳƂƢ϶Ƃŗ϶cE?9ͮͬͭ͵϶А7đąêŎđ϶~E?϶Аc¤϶êŏċ϶E?϶ăđąêŎđ϶ŗŏđ϶entity and adopted bylawsComposition: comprised of City Council members Board Roles: President, Vice President, TreasurerStaff Roles: Executive Director, Asst. Executive Director, Assistant Treasurer, Secretary EDA History and Membership Workshop Packet Page Number 8 of 29 E1, Attachment 1 Lead redevelopment projects (e.g., brownfields, underutilized properties)Manage Tax Increment Financing (TIF) districtsFacilitate public-private partnerships for economic growthSupport affordable housing development and preservation Key Responsibilities of the Maplewood EDA Workshop Packet Page Number 9 of 29 E1, Attachment 1 DemolitionActions related to TIF managementInterfund loans/financingSite tours, strategic planning commenced 2024 Actions of the Maplewood EDA Workshop Packet Page Number 10 of 29 E1, Attachment 1 II. Context Setting Workshop Packet Page Number 11 of 29 E1, Attachment 1 tax base Purpose of EDA Strategic Planning Examine role economic development plays in growing Review tools available to support housing and economic developmentDetermine preferred uses of new Local Affordable Housing Aid (LAHA) dollarsUnderstand partnership opportunities and leveraging outside resourcesCreate a business subsidy policyEstablish long term priorities and strategiesDetermine value of various funding sourcesDiscussion on development sites and their potential Workshop Packet Page Number 12 of 29 E1, Attachment 1 III. Tools & Resources Workshop Packet Page Number 13 of 29 E1, Attachment 1 Strategic Planning Workshop Packet Page Number 14 of 29 E1, Attachment 1 Flexibility Financial Tools EDA LevyBonding (GO, Special Revenue, TIF)Tax AbatementRevolving Loan FundsLocal Housing Aid Tax Increment FinancingGrants from Met Council/County/StatePublic/Private PartnershipsPetition and Waiver (429 special assessment) Workshop Packet Page Number 15 of 29 E1, Attachment 1 Active TIF Districts 16 Housing 1 Economic Development 2 Re-development Workshop Packet Page Number 16 of 29 E1, Attachment 1 Tax Base Analysis Workshop Packet Page Number 17 of 29 E1, Attachment 1 Per acre taxes collected = $15,259 Suburban Low DensityEstimated Market Value =$6,714,000Total Tax Collected: $97,660Acres Ï6.4 acres ¤¤¤¤¤ Market Value Comparison Workshop Packet Page Number 18 of 29 E1, Attachment 1 Per acre taxes collected = $17,700 Urban Low DensityEstimated Market Value (using median): $4,650,000Total Tax Collected: $64,000Acres Ï3.6 acres ¤¤¤¤¤ Market Value Comparison Workshop Packet Page Number 19 of 29 E1, Attachment 1 Market Value Comparison Maplewood MallEstimated Market Value: $21,000,000Total Tax Collected: $650,00034 acresPer Acre Taxes Collected: $19,117 ¤¤¤¤¤ MacysEstimated Market Value: $3,600,000Total Tax Collected: $115,00011 acresPer Acre Taxes Collected: $10,454 ¤¤¤¤¤ Workshop Packet Page Number 20 of 29 E1, Attachment 1 IndustrialCity and County Credit Union: Zoned Light IndustrialEstimated Market Value: $2,352,200Total Tax Collected: $75,638Per Acre Taxes Collected: $16,478 ¤¤¤¤¤ Market Value Comparison Workshop Packet Page Number 21 of 29 E1, Attachment 1 CommercialCVS: Zoned Business CommercialEstimated Market Value: $3,440,000Total Tax Collected: $110,406Acreage Ï1.72Per Acre Taxes Collected: $64,189 ¤¤¤¤¤¤ Market Value Comparison Workshop Packet Page Number 22 of 29 E1, Attachment 1 Standard Strip MallEstimated Market Value: $5,085,600Total Tax Collected: $164,000 Per Acre Taxes Collected: $55,000 per acre Market Value Comparison Sample Footer Text 22 Workshop Packet Page Number 23 of 29 E1, Attachment 1 Total Tax Collected: $178,0004.3 acres Maplewood TownhomesMedium density housingEstimated Market Value:$5,200,000Per Acre Taxes Collected: $41,395 ¤¤¤¤¤¤ Market Value Comparison Workshop Packet Page Number 24 of 29 E1, Attachment 1 Maple Ridge ApartmentsMulti-family housingEstimated Market Value: $18,745,000Total Tax Collected: $341,0005 acresPer Acre Taxes Collected: $68,200 per acre ¤¤¤¤¤¤ Market Value Comparison Workshop Packet Page Number 25 of 29 E1, Attachment 1 High Density ResidentialTrails Edge ApartmentsEstimated Market Value: $36,700,000Total Tax Collected: $642,0005.67 acresPer Acre Taxes Collected: $113,000 per acre ¤¤¤¤¤¤ Market Value Comparison Workshop Packet Page Number 26 of 29 E1, Attachment 1 Per acre Taxes$113K$68K$64K$55K$41K$19K$16K Total Taxes Collected$642K$341K$110K$164K$178K$650K$75K Summary of Comparison Total Tax Value$37M$19M$3M$5M$5M$21M$2M New, multi-familyAging Multi-familyNewer commercialStrip MallMedium DensityMallLight Industrial Workshop Packet Page Number 27 of 29 E1, Attachment 1 27 ~ĳŹŹĳŗŏϽ϶ÈĳŹĳŗŏϽ϶ÈêňƇđŹ϶А~êŵąİ϶ͭͬ϶ЙđơđŵąĳŹđ϶ƚĳê϶email ahead of time) Implementation Plan/Action ¨ƂđŲŹЌ¡ŵĳŗŵĳƂĳƬêƂĳŗŏ϶АsƇŏđ϶êŏċ϶sƇňƢ E?϶¨ƂŵêƂđĩƢ϶?đƚđňŗŲŎđŏƂ϶АŲŵĳň϶ƂİŵƇ϶sƇŏđ xđƚđň϶¨đƂƂĳŏĩ϶êŏċ϶9ŗŏƂđơƂ϶¨đƂƂĳŏĩ϶А°ŗŏĳĩİƂϽ϶February 10 IV.Next Steps Workshop Packet Page Number 28 of 29 E1, Attachment 1 https://docs.google.com/forms/d/e/1FAIpQLScNo9cI6Bvr5StdUMhPiMkFnAsKQI9PE7jVXWH6h0beMIa7xQ/viewform?usp=header Workshop Packet Page Number 29 of 29