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HRA 04/04/2013 • April 4,2013 HRA Meeting Regular Meeting Agenda 7:00 p.m. City Hall, Council Chambers Call to order Roll call. Action Items 1. Approval of expenditures 2. Approval of March 7, 2013 Meeting Minutes 3. Public Hearing and Consideration of Resolution Authorizing Sale of 561 Ironton Street NE 4. Consideration of a Motion Approving TOD Master Plan- 5601 East River Road • Informational Items 1. Northstar Transit TIF District- TIF Plan 2. Gateway Northeast 3. Housing Loan Program Update Adjournment • K:\COMMISSION AGENDAS\HRA Commission\2013 HRA Commission Agendas\13 04 04 hra agenda.docxK:\COMMISSION AGENDAS\HRA Commission\2013 HRA Commission Agendas\13 04 04 hra agenda.docx 0 i March 2013 Fridley HRA Checking Accounts Payable Check Resgister Date Check# Vendor Invoice# Description . Code Amount 2/23/2013 29486 Tables&Tents Rental Company 868 Home&Garden table rental 265-0000-430-4341 3,502.19 3,502.19 2/21/2013 29480 Advantage Signes&Graphics 19715 Home&Garden Banner 265-0000-430-4335 205.73 19812 265-0000-430-4335 37.41 243.14 2/26/2013 29484 NSC/Schwan's Super Rink 4941-1 Home&Garden Facility Rental 265-0000-430-4341 4,177.95 4,177.95 3/1/2013 29482 Buberl Recycling&Composting Inc Pay Est#1 Demolition work for HRP 501-0000-430-4520 30,400.00 30,400.00 3/1/2013 29481 American Planning Association Membership dues-Paul 100-0000-430-4331 455.00 455.00 3/3/2013 29485 Sun Newspapers 315334 Online Ad for Home&Garden Show 265-0000-430-4334 200.00 1423585 Newspaper Ads for Home&Garden Show 265-0000-430-4334 46.50 1423586 Newspaper Ads for Home&Garden Show 265-0000-430-4334 168.75 1423584 Newspaper Ads for Home&Garden Show 265-0000-430-4334 348.75 764.00 2/26/2013 29483 Liesch Associates,Inc 06801481.00-5 Demolition Abatement for HRP 501-0000-430-4520 4,728.55 4,728.55 2/21/2013 Sun Newspapers 1424409 Newspapers Ads for Home&Garden Show 265-0000-430-4334 348.75 1424410 Newspapers Ads for Home&Garden Show 265-0000-430-4334 46.50 1424411 Newspapers Ads for Home&Garden Show 265-0000-430-4334 168.75 564.00 2/28/2013 Star Tribune Newspaper&Online Ads for Home&Garden Show 265-0000-430-4334 1,616.00 1,616.00 3/14/2013 Center for Energy&Environment 11398 Revolving Loan-801 Rice Creek Ter 265-0000-127-0000 32,545.00 Loan Origination Fees 265-0000-430-4340 550.00 Marketing services 265-0000-430-4340 2,328.72 35,423.72 3/12/2013 Monroe Moxness Berg 137425 Administration Fees-Jim Casserly 100-0000-430-4330 2,015.00 474-0000-430-4330 455.00 2,470.00 CITY OF FRIDLEY 410 HOUSING AND REDEVELOPMENT AUTHORITY COMMISSION MARCH 7,2013 CALL TO ORDER: Chairperson Commers called the HRA Meeting to order at 7:00 p.m. ROLL CALL: MEMBERS PRESENT: Pat Gabel Stephen Eggert Gordon Backlund MEMBERS ABSENT: Larry Commers William Holm OTHERS PRESENT: Paul Bolin,HRA Assistant Executive Director Becky Kiernan, Accountant ACTION ITEMS: 1. Approval of Expenditures • MOTION by Commissioner Backlund to approve the expenditures. Seconded by Commissioner Eggert. Chairperson Pro Tem Gabel asked what the deferred loan charges were. Becky Kiernan, Accountant, said that is the CEE last resort loan. Some people need emergency work done right away and can't afford to make a payment right away. UPON VOICE VOTE, ALL VOTING AYE, CHAIRPERSON PRO TEM GABEL DECLARED THE MOTION CARRIED UNANIMOUSLY 2. Approval of February 7, 2013 Meeting Minutes MOTION by Commissioner Eggert to approve the minutes as presented. Seconded by Commissioner Backlund. Darin Nelson, Finance Director, asked for the following clarifications to be made to the minutes: Page 4, item 2 should read as follows: Darin Nelson, Finance Director, said that Staff has reached an agreement with Medtronic. Mary Smith will negotiate the valuation difference down to about $26M from 2009-2014. This • settlement does have an impact to the HRA; $43,000 in administration expenses over the six years HRA Meeting of March 7, 2013 3 • Mr. Bolin answered about 45'; in this neighborhood homes can go down to 7 '/2' on the living area and then usually 5' on the garage side. MOTION by Commissioner Backlund to close the public hearing. Seconded by Commissioner Eggert. UPON VOICE VOTE,ALL VOTING AYE, CHAIRPERSON PRO TEM GABEL DECLARED THE MOTION CARRIED UNANIMOUSLY AND THE PUBLIC HEARING CLOSED AT 7:15 P.M. MOTION by Commissioner Backlund to adopt the resolution authorizing sale of 5833 2 1/2 Street NE. Seconded by Commissioner Eggert. UPON VOICE VOTE,ALL VOTING AYE, CHAIRPERSON PRO TEM GABEL DECLARED THE MOTION CARRIED UNANIMOUSLY 4. Approval of Chronology for Creation of TIF District#22—Northstar Transit Station District Paul Bolin,HRA Assistant Executive Director, stated that in 2007 and 2008 Legislative Sessions gave the City the ability to create a special TIF district to fund public improvements around the Northstar Station area. HRA discussed district creation in 2009 but economic conditions were not • right for district creation. The vacant land at 5601 East River Road (JLT Site) is expected to be the TIF generator. John Allen, Industrial Equities,has recently purchased site and has submitted plans to the City for approval Mr. Bolin stated that building permits will not be submitted until June or July. Staff would like to get this district created before any construction is started. Any time a tax increment district is created there are notices and dates that need to be followed. The key dates are as follows: March 11th—CC Sets Public Hearing May 2"d—HRA Reviews TIF Plan May 6th—City Council Public Hearing Staff recommends the Authority adopt a motion authorizing staff to take the steps necessary for creating TIF District#22, Northstar Transit Station District. Chairperson Pro Tern Gabel asked if the purchase is completed. Mr. Bolin replied yes. Commissioner Backlund asked if all the area on the map was in the tax increment district. Mr. Bolin replied yes with the exception of the areas labeled 2, 3, and 4; those parcels are not part • of the TIF plan project area at this time. Commissioner Backlund asked about pooling the three existing districts. HRA Meeting of March 7, 2013 5 INFORMATIONAL ITEMS: • 1. Gateway North East Paul Bolin,HRA Assistant Executive Director, said that both developers want a national or regional anchor tenant for the development they are considering. Mr. McNutt wants a retail anchor on hand before he spends a lot of money on the design. Mr. Bolin stated that the Lyons/Trident Development includes100+units and they may want the entire site which would add an additional 60-125 units. They are laying out design options and may need to move some utilities. The OneCorp Group (Citgo) is waiting for market study results and have not found an anchor retail tenant. 2. Housing Replacement Program Paul Bolin,HRA Assistant Executive Director, stated that this month staff was able to purchase another home at 4656 Second Street for$72,000. The closing date is March 22. This home meets all the requirements for the Housing Replacement Program; it is full of mold and has some home remodeling project that went wrong in the basement. The home will be torn down and sits on a 80' x 130' lot with the opportunity for a walk out. The property last sold in 2005 for$184,000 and the home is foreclosed. There is a second garage that may be able to be fixed up and the home has • alley way access. The market price on the lot will be around $40,000 and homes in the area are very nice. Mr.Bolin stated that the home at 5745 Third Street is moving along and the siding was to be installed this week but was delayed because of the snow. Home Detail hopes to be complete soon so the buyers can move in on May 1St Chairperson Pro Tem Gabel noted that the fence is broken again. Mr. Bolin replied that staff is aware of this and they are waiting for materials to come in. This happened before Christmas and they are having trouble getting the material in to fix the fence. 3. Housing Loan Program Update Chairperson Pro Tem Gabel asked if they could receive an aging report. Paul Bolin,HRA Assistant Executive Director, replied that the last one was submitted in December and they are available quarterly now so there will be one in the April packet. There are only two loans delinquent over 90 days. • Mr. Bolin reported that the Fridley HRA Loan Program had two loans closed in February and no Remodeling Advisor Visits. • cr ACTION ITEM HRA MEETING OF APRIL 4, 2013 CRY OF FRIDLEY Date: March 28, 2013 To: Darin Nelson, Acting City Manager From: Paul Bolin, Asst. Executive HRA Director Subject: Public Hearing- Sale of 561 Ironton Street NE - HRP Dale Anderson, representing Novak-Fleck Builders (NFB), submitted a lot reservation agreement to build and sell a new home at 561 Ironton Street. NFB made an offer of $30,000 for the lot, a price justified by comparable sales and the City Assessor. ,► .' . r� J • 4' i! 4 & am..k-;: tl r � y ' *ti µ.r ,.. 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Recitals. 1.01. It has been proposed that the Authority sell certain residential property (the "Property") described below: PIN: Street Address • 03-30-24-23-0237 561 Ironton Street NE Section 2. Findings. 2.01. The Authority hereby finds that it has approved and adopted a development program known as the Modified Redevelopment Plan for its Redevelopment Project No. 1 (the "Redevelopment Program") pursuant to Minnesota Statutes, Section 469.001 et seq. 2.02. The Authority hereby finds that it has approved and adopted a Housing Replacement District Plan(the "Plan") and created Housing Replacement District No. 1,pursuant to and in accordance with Laws of Minnesota 1995,Chapter 264,Article 5,Sections 44 through 47;Laws of Minnesota 1996,chapter 471, article 7, section 22;Laws of Minnesota 1997,chapter 231, article 10, section 13;Laws of Minnesota 2002,chapter 377, article 7, section 6; Laws of Minnesota 2008,chapter 154, article 9, section 19, and Laws of Minnesota 2010, Chapter 216, Section 42 (collectively"The Act"). 2.03. The Authority hereby finds that it has performed all actions required by Minnesota Statutes for the sale of the Property. 2.04. The Authority hereby finds that the sale of the Property promotes the objectives as outlined in its Redevelopment Program and the Plan. Section 3. Approval of the Sale. 3.01 The sale of the Property is hereby approved for a price of not less than $30,000. COMMUNITY DEVELOPMENT ? mr • DEPARTMENT PLANNING DIVISION f �. Memorandum DATE: March 27, 2013 TO: Housing and Redevelopment Authority Members FROM: Stacy Stromberg, Planner Julie Jones, Planning Manager Scott Hickok,Community Development Director SUBJECT: Review and Recommendation of Transit Oriented District(TOD) Master Plan,TOD#13- 01 by Industrial Equities for 5601 East River Road REQUEST When the City Council approved the Transit Oriented District(TOD) in 2011, a requirement was put within the code that required the Housing and Redevelopment Authority(HRA)to review and make a recommendation to the City Council for each plan submitted. City staff recently received a TOD Master Plan request from John Allen of Industrial Equities, LLP for the • property at 5601 East River Road. Attached you will find the staff report to the Planning Commission related to the proposed redevelopment project. The TOD Master Plan was approved by the Planning Commission on March 20, 2013 and will go before the City Council on April 8, 2013. RECOMMENDATION City staff recommends that the authority review the attached materials and recommend approval of TOD#13-01 for the property located at 5601 East River Road. • Land Use Application TOD Master Plan #13-01 S THE REQUEST John Allen of Industrial Equities LIP, is requesting a Transit Orientated District(TOD) Master Plan for the property located at 5601 East River Road. This property is zoned C-3, ' r 13 ° � General Shopping; however, saw r!. - a t r because it is within the TOD Overlay District, a TOD �� r Master Plan needs to be x ( fig approved by the City Council before development can start ',"?: on this site. ' �{ The petitioner is asking for z t TOD Master Plan approval for the subject property to allow a phased project. Phase 1 E � a will consist of the construction of a(1) level , speculative office/warehouse building along the east sideb9 410 of the property. Proposed additional phases could include two (5) level professional office buildings with underground parking,a connected (2) level common core and a parking structure; and a 120 unit multi-family/senior housing development with underground parking. The TOD Overlay zoning allows for a mixed use development without requiring conversion of the underlying commercial zoning. SITE DESCRIPTION AND HISTORY The subject property is located on the northeast corner of Interstate 694 and East River Road. It is bordered by the railroad tracks to the east and an industrially zoned property to the north. The property was zoned M-2, Heavy Industrial from the late 1950's until 2009. The property as originally developed in 1969,when an office/warehouse building was constructed. In 1969,the site served as the headquarters, research, and production facility for LaMaur Inc.,who manufactured toiletries and cosmetics. Several additions were added to that original building, which eventually made the building approx.450,000 sq.ft. in size. In 1999,Tiro Industries, Inc., purchased the property from LaMaur Inc.,and they were in business at this location until May of 2005. Since the time it was known that Tiro Industries, Inc. would be vacating the building,the owners had very little success in attracting industrial tenants to occupy the building and believed that,with industrial trends changing and manufacturing users few,the property would be much more attractive to tenants as a commercial property. Tiro Industries Inc., sold the property to JLT Group in 2005 and JLT Group applied for a rezoning from M-2, Heavy Industrial to C-3,General Shopping. The owners didn't have a commercial • tenant identified to occupy the site however,they were asking the City Council to consider the rezoning so they could market the site to potential commercial buyers. Once a user or users were identified for the site,the rezoning was to come back to the City Council for second • , The first area that will be developed is along the ' ' BNSF railroad tracks on the east side of the zre✓ r � property. The petitioner is proposing to construct .. � . a 134,192 sq.ft.one- 'l � story office-warehouse ' building. The front of the building will face the newly constructed «° /' 3 e , 4� ad n � "development parkway that will run north and south through the subject property. The service yard for deliveries will face the railroad tracks and a landscape buffer will be installed between the railroad tracks and the buildings service yard to provide the necessary screening required from this rail right-of-way. The petitioner believes that constructing a high / quality industrial i building to provide a I ; I. screen between the i BNSF railway and g the rest of the 4'A, development area; � y will attract high class office and ' a � residential tenant prospects. 4j. ...�.m� € m This a office/warehouse - � development will 3 have 269 parking �4 °: . stalls. The building t, t will be constructed of precise concrete 1 . il '7,44*,-,4r 'Ttr'''-eit panels with a , 4 uniform rib texture Q �` ° and smooth band ' , i striping with a 32 ft. r V 1;4r t.,4kri clear height inside. 0 The aluminum ' ` framed glass =` ,,. windows will extend to 14 ft. above grade • s+TERstA and full height glass �Y will accent the 3 • TOD MASTER PLAN AND SITE PLAN ANALYSIS The Planning Commission and Fridley Transit Oriented Development(1'OD)District City Council will recall that in —�� • , a_A : . 2011,the Transit Oriented 1 r�{{�� ` 1F /, ` t `� `. 1 Development(TOD) Overlay 1.' i g- A "11 3 x f r. �` NW. ""'°."""" District was approved. The �� I 1 4 subject property is within the - ° TOD Overlay District. See }�+" Y r=, Subject Property = I map to the right,for the TOD '° by )e I " "°' • tt � =5 � $" � pYS ¢•G Yd " �i� �M,.Wmcv+pM .3 district boundaries. , p -«- - The purpose for the adoptions t of the TOD Overlay is to + — � u�. � A. Implement code * requirements that will =: = .. opip„. encourage dense, mixed ., s _. h W „ � use, pedestrian-friendly M �� :nes s as.au.,_,,,... development within a one-half mile of the Northstar Commuter Rail Station in Fridley. B. Create multi-modal connections to the Fridley Northstar Commuter Rail Station that allow for safe access to the station no matter what means of transportation someone uses. C. Create a neighborhood identity with the Northstar Station that promotes the use of mass transit, human interactions,safety and livability. D. Reduce automobile dependency by locating a variety of land uses within a half mile of the train station. E. Provide life cycle housing for people of different income levels and housing space needs within one half mile of the train station. The proposed development is the City's second TOD Overlay Master Plan request that aims to achieve the desires the City set forth when creating this district. As a result,the project needs to comply with the TOD standards that were designed to enhance the pedestrian scale and safety of any particular development.The TOD Overlay allows for flexibility when designing a redevelopment project that encourages dense, mixed use, pedestrian-friendly developments. It was also created to minimize the use of the automobile by allowing reduction in parking requirements, if certain conditions can be met and sidewalks are constructed. As stated above,the proposed project will include the construction of several new buildings that will offer a mix of uses, such as an office/warehouse building, a professional multi-story office building and a multi-level residential building. The petitioner is very interested in designing the project to TOD standards as the criteria will enhance the development,through use of high quality building materials and design,as well as enhance pedestrian site circulation through installation of sidewalks which will provide better access to public transportation such as the Northstar Commuter Rail and the Metro Transit bus system. Following is a table showing the TOD development regulations and how the petitioner plans to comply with them. • 5 • Both the professional office and multi- family/senior buildings are over the maximum 65 ft.height requirement set forth in the C-3, zoning district. However, both of the buildings will provide underground parking and these types of buildings meet that standards that the City was hoping to achieve when creating the TOD Overlay. i Facade Building 40 ft. in width or Achieved on all buildings proposed through Articulation more shall be divided into vertical division with materials, roof lines smaller increments. and window placement. Building Face No blank walls facing the Achieved on all buildings proposed. street,variations in detailing, color and materials shall exist on the building. Door&Window Windows and door opening ' Achieved on all buildings proposed. Openings shall comprise at least 50% of the length of the main floor of the primary street facade. Loading dock Loading docks to be located This is achieved on the office/warehouse in the rear or side yard and building that utilizes loading docks by the screened from view of any installation of landscaping. public right-of-way. Building Materials High quality materials,such Achieved on all buildings proposed. as brick, stone,textured cast stone, EFIS,or tinted masonry. Refuse & Common storage area, Achieved—will take place within the Recycling Storage screened from the public building. right-of-way, enclosed inside the building is encouraged. Parking for One stall for every 500 sq.ft. 269 stalls required—269 provided. Office/Warehouse of space for speculative Building(M-1 office/warehouse building. zoning) Parking for One stall for every 250 sq.ft. 1,224 stalls required—1,311 stalls provided. Professional of space. 239 stalls at grade, 120 stalls basement Office Building(C- garage, 952 stalls in the parking structure. 3 zoning) Parking for Multi- 1%2 stalls per 1 bedroom, 120 stalls required based on 88 (1) family/senior plus%2 stall per each bedrooms and 40(2) bedrooms—200 stalls • building(R-3 additional bedroom. provided. 88 stalls at grade and 112 stalls zoning for multi- basement garage. family) 7 O g Sidewalks Minimum 5 ft.width shall be 5 ft.sidewalks are situated throughout the provided on all street entire development area. Crosswalks for frontages. the office/warehouse building are marked Colorized pavement pattern and colorized on the plan. connecting the sidewalk on Sidewalks with crosswalks with need to be each side of the driveway identified for the rest of the development shall be incorporated into area upon building permit application. driveways,warning drivers Additional crosswalks will be stipulated to of the sidewalk connection be installed from the office/warehouse on each side of the driveway. building to the other areas of the Connections shall also be development. accessible. Lighting Lighting plan and fixture The petitioner has provided a site specification schedule shall photometrics plan which meets code be provided. requirements for downcast lighting. Details They shall also be have also been submitted for the type of pedestrian-oriented. light fixture proposed to be used along the "development parkway" which meets the TOD standards. Free-standing Only regulates electronic n/a 10 Sign (TOD) changeable signs and encourages door and window awnings. Free-standing Interstate 694 corridor Sign plans submitted meets these Sign (Sign Code) signage requires a maximum requirements. size of the primary free- standing sign at 240 sq. ft. in size and a secondary free- standing sign at 40 sq.ft. Sign needs to be setback 10 ft.from any property line or driveway and only 30 inches high when within the vision safety zone. Signs also need to meet the 35 ft. maximum height. Fencing Decorative fencing shall be The City doesn't have specifications on the the same color,type, and fence style yet. The use of fencing isn't a style used in adjacent TOD part of the proposed development. streetscape or of similar design approved by the City. 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S. co a o 4 4 a z 0.- m o m n m v z F = c m ° `tn° o * Q ° c `° `= `~'' a Q. - n °- r30 r° - 0 o `0a m a �°, rta0 Cr cp ^ S r0 m' n a to c a It ° ' S a- ( ,-r :0--- a a Q a -- �° 0. 0 a a. m m < N m v, (0 `° O r0 0 ^r s Q. c 0 0 rr .� O N o ° N ti, 0 r0 .,, I- C.1 '* • TRANSIT ORIENTED DEVELOPMEN T (TOD) Master Plan Narrative for Riverside Corporate Centre 5601 East River Road (1-694&East River Road) Developed by Industrial Equities, L.L.P. February 15, 2013 Background The Riverside Corporate Centre master plan application pertains to the development site located at 5601 East River Road, Fridley, Minnesota. This property is bounded by Interstate Highway 694 on the south, East River Road along with an off ramp from 1-694 on the west,the Burlington Northern Railway(North Star Line)on the east, and an existing commercial/industrial development on the north. The total land area of the property is approximately 1,178,129 square feet, or 27.046 acres. The property has access from an existing controlled intersection along East River Road. The property is currently vacant as the previous building(s)on the site were demolished in 2006. The property contains easements which affect the over master plan, including multiple sanitary sewer and Xcel 40 Energy easements. The master plan also recognizes the desire of the City of Fridley to extend 57th Avenue through the site with either an underpass or overpass at the Burlington Northern Railway. Ownership The development site is currently owned by Industrial Equities River Road L.L.C., 321 First Avenue, Minneapolis, MN 55401. Current Zoning and 2030 Comprehensive Plan Guiding The development site is currently zoned C-3 General Shopping Center District and is within the Transit Oriented Development Overlay District(TOD). The City of Fridley Comprehensive Plan currently indicates the site as vacant, but indicates redevelopment on the 2030 Future Land Use map. Master Plan The approximately 27 acre site intends a mixed use development with an emphasis on commercial development. The site is envisioned to comprise three development areas: 1. Office/Warehouse Spec. building and associated parking and service yard. 2. Professional Office Buildings and associated Parking Structure. 3. Multi-Family/Senior Housing and associated parking. In addition, a right-of-way is proposed for a future 57th Avenue extension through the site which impacts the site segregation and the potential development size of the Office/Warehouse Spec. building. Riverside Corporate Centre by Industrial Equities L.L.P. Finn Daniels Architects& Master Plan Narrative Architects Professional Assoc. Page 1 February 15,2013 Development Site—Future Professional Office Buildings The development site has been schematically planned for a pair of 5 story, 150,000 square foot professional office buildings with a 2 story common core element and underground parking. The buildings are positioned to align with the south-western edge of the property which abuts the off-ramp from 1-694. Although the TOD criteria would place the building up to the property lines(zero lot line setback), existing easements in place along the property line and the nature of the 1-694 off-ramp place the buildings further back from the property line, but we believe the intent is achieved. A parking structure is planned at the interior of the development site to account for the majority of parking required. The parking structure is 4 levels(including the on grade level)and one level below grade.A total of 1,311 parking stalls are on the development site,which meets the parking standards of the C3 zoning district. No development action is requested at this time on the proposed Professional Office development, we provide this information only as reference and guidance for the master plan intent. Development Site—Future Multi-Family/Seniors Residential Housing The development site has been schematically planned for a 3 to 4 story, 120 unit multi- family/seniors housing development with underground parking for 112 cars and on site/grade parking for another 88 cars. The parking meets the requirements for this type of structure as outlined in the City of Fridley Zoning Code District R-3(General Multiple Dwellings). This building is positioned to align with the East River Road and 57th Avenue corner. Although the TOD criteria would place the building up to the property lines(zero lot line setback), existing easements in place along the property line force the position further inward form the corner—the intent is achieved. No development action is requested at this time on the proposed Multi-Family/Senior Housing development, we provide this information only as reference and guidance for the master plan intent. Riverside Corporate Centre by Industrial Equities L.L.P. 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A R C X I T • C T • BURLINGTON 2145 FDN Pa kway,Suitr 9D1 O PYLON OR FREESTANDING SIGN LOCATION �/ ! 0 DEVELOPMENT INFORMATION SIGN NORTHERN I ---- SaDt Pau4 MinmsOta 55116 O COLORED PAVEMENT CMSSWAULCONNERgN.(SPECR pgOropJ ADyV I' RAILROAD_____ CoIAR TJAU b• EK 651b90.5525 FaK 690.5505 wwW.flnrvdanlaN.com 0 CORNER PLAZA WITH BENCH&TRASH RECEPTACLE ROAD FA.," a%.in.•F.-ne.l w Kw.-meN 1 0 FUTURE CORNER PUVA WITH BENCH&WASH RECEPTACLE / r • 0 INSET W/BENCHES&TRASNRECEPTACU ` RR0p0 p'AFVry/ !/; —� P Cw.nMl w dec,.a Fpl�`�__ power pole; 10 • O FUTURE INSET W/RNCXES&TMSN RECEPTACLE Power pole DOE MyfE ,,' /- Z 0 BIMLE PARKING IOCATION,(Qw.INDICATED ON PLAIN :70..;„/ Od Wire/% power pole 1 1 5�,3 5 163 C1 —--t— — -f i fl Q STOP SIGN ! j.• 1 9 power poe --1 1.��— ___.__ — 1 —� l Ill!g. O e STREETLIGHT POLE LOCATION SHOWN TER _ sarsrt �' $$ — —__ _ ower ole• 0 I I I I�� 4 f III$�e SITE LGHT POLE VOCATION SHOWNIYP. —— ——��— /_ I—-- Zo —— ——--r'+- _ __ P p I I - 1 —l� �� 1. 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TT B I / i / •�:: 4' i1-% ,•s. r {,,/CC,', .Y , /.::/:`:fU/J� %%s/.. r!t,' -.,:.',u,i�:/ %9 I i 'i I a v 11, t.6147 sr y .4 :: f v"".,,: ' /pN:. ::lyc t;(0 / :;?6,/ f'• '/,::>r%.' p' II 2• :'%,,. .,.;r,b/f'J.'.i . i.. /s//,/1'st r/i5 it:/ rr.,r"�E,'% I 1 1 Q :./,../: /r 1, � "/../, �1.. ..r3..,CG�",. % .r/ � 1 '?1A„y� '/ �. .J......:........:......J. / ,G: . «::,. ::r:.::r.h..f�:.. .,.;. .: :..:.:•. :....:.�::..:.:::..:.::uv.:.: ...r:/...o rr�f:.::.. .. :. rr::..o::.:r... •,.w::: .�>/ /:.,. :ri/. I II INDUSTRIAL EQUITIES L.L.P. / ..l/., : ,/,r,�.. :::�.,..:.:/.!,:.,......k.;;�?.'";...<. .�......,. :�. ..�. ..�i/, rr�”'% �.G i�`s'v�>. a Q ii vci/� "'�� ' 3 �,'.,:•;i;G'� .,lri ':s1�: � /I , 9t _?,(.k,4?/F '^'° ,wr+e i / . : r 0/ f. %:r::1 t:/i::`. /tt: ..f.. 'x A J :: :' 9 I I., r / q �: �� ''E�. :/�'% /,.r. / r/ G�yc �af /, :rr f` �.ef, /.< ' ll.,,. r/ — t� :: ':iy�;,N:.rytR'., f;f• /'U / !J/ E.:;u�3, .��i`./f,:. �-/ / .,�r. 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PARENT PA = W .511 • ........,� EVELO• ,/,/, . • .• .•• p O I Registration Va�' �' � le, . . . . . . . . . . . , . , . , . .. „ . . . • . • . , / !p, . �- ®......... .. S�e' JI: I339!FKTERIOR PARKING STALLS 4TGRPOE ,. I I i _ 11 I a 6a .y _ y y �•Q . e I1! III II • E • ! - --- • 5`0• 14 ' •c `+ \ 1— �� RIVERSIDE f / /- / r/• n �i / �Aj sI] /.:,4,/ ` r • � i.11 4 N]Rr -. 4 ..11_ "�� rli ; �-- , CORPORATE � j 4Q ;_ ) �/ ,r4r,4 4/ rail , .4 �. .. .LI I —� I uFNF .,l,ae D i t». iD` / ///ny° /' /j/ h , r/ , //; 1 ^NG W GRAD k / CENTRE %4,r , / / / ,rf / /.. /D. .., ' r r '�//i `�''..1".. :....... ......).1i. � ,le)srn,a M 19 i %.6r!/^//. /I/ /, � .Mfr / ;'x I MENi,H1Nn63pnEEV § y/ny //, // / 2 ,� '°,� r4roap4 /r ) — .r Ir-0”4a V.A„s' ."';',sro / / // \ ! .� // ,�. , / „✓i ,. r / 4 / 5} �/ __ ... R A Soil ,” /?'''4:0:'q' /� 4 °is \ -..Z% 41 /�4V2*4., �I. //r tc A4 ,: i t he4zw,xYmr is m� s �171P f/y i / MASTER PLAN fp?/ y d/trf/d 0.61 / x _ f t... . J 'grit / r /! /• /1•/ i P • / c.,4'.3F •/i `t5° o / fr 3' i /,, DEVELOPMENT• ■■■■■................. :" / � `�' /i f y/ vt��•I�tF;f /P, //1,,-'1:: r;'' _ Li I _ I $g �°A O i f ,r•�� .; //!y/ 5601 E.RNER ROAD ■ /� %sY r' 1?.:J>•ii i3_ tb 9 f f� ,�-P 9 i 'CA4 41..„,... / —cam --i_\_—.4°F`° °' ,m,r+ . ��/,B R.694®E.RIVER ROAD) • r �,AF `\\ f f// - / ` ��/� I1 71.1 l ,ro / /is Y�lS� / O �'Cx P''' ,^" l °' b4 4 ea / '// ! <r' /I/4 FRIDLEY,MINNESOTA E O In //://,///i/ j �� A�s/V 'fr k ,'iE / iki . .:IIII b 6, 6 it r i/ / /, / 4 tr - / '014 $ 4,` :4. ,B J 1 T 19 yr-/a O 0 ////� / _ .r .if if -sT, tiEr�' P: // .III 1, Is I -/ / / / //. vi 11)/I„, �5'/yq` sue.`\ 6 >// 'Il I. -r--�, .%/f/-,. //i / ic �,,,, .t, \�` '/I.. ..:iii ' \; //iv PROTECT No.. 121°1 �� / 1)I q / DRAWN BY: GGD/RLO ■\ '7,,, r�/��A \ ��i - TtII SLEYELtP� E4,#�,EA' / /�' c^,p c / - `,fI; n90 aou R AD W Gx'''" Y-eE �� CHECKED BY: SAW Oo e ` �\ / l . GOT -v aAmNG NAsEAII arRREgw tam A, Qiis. ...T„.0„„ r Yyb /E VIP ISSUES AND REVISIONS( \ RO \^ �p _..ice/II n\\ — ��•SS g'9' MASTER PLAN SUBMITTAL 01.141°17 SS � %: ��I „eTv 4�E^" Pm.� / .'' power pole IA* R,� J ��_-__—-... r= - - n ` a *"44.,\ '-, 1 13'3°I5, ...8........ JJ�e` -'—,�• NOTee]0'W 17 ' .,,.. \ �. —\ ` °.N3,µMU gyp•)EaR.^•"L P•'aaP `\ `�—`t0%co EmrWl MASTER SITE PLAN \lOD 1•4 50•-0" SITE DATA . TOTAL SITE MEORMATKN SPECULATIVE OFFICE/WAREHOUSE DEVELOPMENT PROPOSED FUTURE PROFESSIONAL OFFICE DEVELOPMENT PROPOSED FUTURE MUETYIAMILT/SENIOR HOUSING DEVELOPMENT • PROPER1YARFA: 1476,129.11591.R. (27.046 ACRES) SITE AREA: 5611516.80 S0.FT 113.051 ACRES) SOE AREA: 385.494.07 SO FT (88]3 EMS) SDF AREA )13.118.38Sf1 R. (5.12)ACRES) BUILDING AREA(FOOTPRINT): 134,19)54 FT. (23.60940F DEVELOPMENT AREA) BUILDING AREA(E000TRRRTI: 141,04350.FT. (36.49%01 DI vi LOPMENT AMA) BUILDING UREA(FOOTPRINT), 24118.38.Er. (5122 ACFDEVELOPMFNT AREA) BUILDING ARFAIEOATNIMlk 319,305 50.R. (27.10960F IOTAL211E) GREEN AREA: 140.413.110 RIFT M- (14.]0%OEDwfLOPMENT AREAL OFFICE BUILDING: 65A25 so.FT. GREEN AREA( 95,63).3850.FT. (4)81%OF DEVELOPMENT AREA) MASTER SITE HARD SURFACE AREA: 1N.045 S0.FT. (6328%OF DEVELOPMENT UREA) PARKING STRUCTURE: ]521850.FT. HARD SURFACE AREA. 61.35650 FT (A/94%OF DEVELOPMENT AREA) PLAN&SITE DATA GREEN AREA( 355,376.65 SO.M, (30.20%OF TOTAL SRE) 57TH AVENUE SILO.W.EASEMENT AREA: 47,866 SO.ET. 1 8.41%OF DEVELOPME NT AREA) GREEN AMA: 119.725.67SP IT (3038%01 DE W LOPMFNT AREA) 57THAVI NUE 96'8.0.W EASEMENT AREA 21,055 SO.FT (944%OE DEVELOPMENT AREA) (DOES NOT INCLUDE PORTION ORE.U.W.ON ADJACENT SRO HARD SURFACE AREA: 125,776 50 Fl. (3253%Or To V,LOPMTNT AREA) (DOES NOT INCLUDE PORTION OFROW ON ADIACENTSNE) &ARO SURFACE AREA 414,IPSQ R, mg%OF rout WO 5]TH AVENUE 9N NOW EASEMENT AREA: 68,911 50.M. (SAS%OF TOTAL SOW PARKING REQUIRED 269 STALLS(1/50050.FT.)-BASED ON ZONNG SECTION 2051)S,C.(5) PARKING REQUIRED: 1)OSTALS-BASED ON RISING SfCZION)05.095.[ (OOESNOTINAUOE PORTION Of R.O.W.ON ADJACENT SITE) PURRING PROVIDED. %9STANDARDPARKINGSTULLS @GRADE PARKING REQUIRED: Ij24 STALLS (1/25050.FT.),BASED ON ZONING SECTION 205 ISS.0 -I1/)STALLS PER(O MO(11 BEDROOM uNiTs&4LL(2)REDRN 400RONPl BEDROOM BF00.00M UNIT58 b(2)BEDROOM UNRSI PARKING STALL DIMENSIONS: BICYCLE PARRNG: 14 SPACES PROVIDED(1 SPACE/20 PARKING STALLS 14 REP'D.) PARKING PROVIDED: 239 STANDARD PARKING STALLS @ GRADE PARKING PRONGED: 885TANOAPO PARKING STALLS @GRADE 9,0E WIDE X20'-0•DEEP STANDARD PARKING STALL W/25'-0•MM.DRIVE AISLE(AT GRADE) 120 STILLS0 BUILDING EASEMENT OAPKINGGORAGE - EL)STALLSS BUILDING BASEMENT PARKING GARAGE �� 00 WO"DEEP STALL PERMITTED WHERE ABUTS CURB OR WAIQ 952 STALLS @ PARKING STRUCTURE )00 STALLS TOTAL (LOCATION AREAKDOWN INDICATED ON NAN) 9'6•WWE%18:D•DEEP PARKING STACLW/Sa-0'XN,DRIVE AISLE 1.311 STALLS TOTAL IIACATION BREAKDOWN MORA TED ON 0,AN1 (AT PARKING STRUCTURE&BASEMENT PARKING GARAGES/ _ BICYCLE PARKING: 1)SPACES PROVDED(1 SPACE/20 PARKING STALLS=TO REDO-) r'W WIDE ACCESSIBLE STALLSW/e'-0•WIDE ACCESSIBLE AISLE BICYCLE PARKING: U?SPOOFS PROVIDED(1 SPACE/)°PARKING STALLS.fib R[Q'OI ,..... , . S RIVERSIDE CORPORATE CENTRE TRUCK TURNING MOVEMENTS . 5601 E. RIVER ROAD 0 N....■„/ ,,_,.._..,-,__..) ENGINEERING,INC. 2 – (1-694&E.RIVER ROAD) , (FOR WB-62 SEMI-TRAILER TRUCKS - 6776 LAKE DRIVE FRIDLEY,MINNESOTA 0 20 a, SUITE 110 TOTAL TRUCK LENGTH=69 FT) 1 INCH•40 FEET UNO LAKES,MN 55014 PHONE:(651)381-8210 PAX:(651)361-8701 ,..'1,i';iii,11.11111 : ',./1:'../'. :„1 „../ 1_1/1,,/ _ MARCH 8, 2013 8, , . . ./, r„ , , , , / . - -- -- ■ ■ \ \ . , . . , . .. , . • , _.. „. .,, • , „ •"/ -., - . i,.. ,;, _ , , 7"...:.:., ' ---- - - ■ ■ \ _.• . . •. • / .:,!. ............. ........... I . , . . . . . , , ,....t ., J, /, ,r, ../. ,..., .,, , . . , • , . ./ . __ . , , _ _ , a .r1 : ...:—. ......... ./ -.,,,.,,. / : ,,,- - , , , ., .., , o , _. _ ........ ............... ./ /,. ., • / -. , . : ‘ , i ,. , 0 i, z • .. .:...:. „.., 1 s \ it, , t 11.1 1 L a j L.JLJL-ILJLJL j L I / , 1,...., . -\ z• . , - . . •-, ; ._ , , :. „ . ' '\ , .. •• , i I. L l'I , : . . : . ., 11 1111 ' 4/ ' •• ,, ' , li . . .. . , '1 t ,1 I. Ir j L j'L-1 L il . .,.. 1 , 1 , Ij I I! . 1 , . ,, . / ./ '1 g li , , •, 11 I 1 , il , 1 1 '1,1 ' - ',,,ir,t1 :., if\ I(1 L i H_J L-1""L" , — — 11 II , I , . , ' q . il .,. , : , , II . ' , 1' ' , II , . — — . . - , ii . h . ' " I -' - - II li II , , ' • 0 ' ` • . • , ■ li , .," '' li I tl -' 411.■ II . i .. , .. ' 1 ' ' , ...-'."' I _ 11 r 11 , . — / ,. . ,-- , —.. ORM ' 11 . - - . . , ,.- , .,, ,,:',...: . , , .... OW 1 I ,, / : 1 . . ' Wit/ - / t 1 1 _ " '. . D 'N'''' .111411:„„fillvaams•10111111.11,...1".."....11 :11:111:11111t----- - --Ilial:-- : • ii , , , --, 1 Iv- , I II 1 . ....,..7._; .-11 7.,-'...:„.:',40.4.4. ... 1 1 II . , ,,,- . . . ______ - - II if . . ' uuuuuuuuuuuuuuuuuuuuuuuu • . ,, „ / / .- r----, „...uuuuuu• _ - / , , uu . i ./%, , r 14 Ilip . 4 --—----- 1, '' --1.-i , • • ;,__________ -------- — ,' ..,•: - . ..-----' • r / . i ' ''' *k."' -- -- - ,...• , , .._ /-ft---___- ..... _ „ , uuu__________________________________________..77.7■•51.141AlmumeH:trimmI,-_,I.1.17_______________________________________________ - - ,- •-., . .• .., * > /,- , . ___ „ _,.. • „ / ." r , 1 . - - , -- -- :1:1--171-11:1.-E1:1.1JIC.c.A.I.II-7.1.-. ---- -77-• i V 1:1 VI LI ci.rn[n.Lc(01.1.11...i.31..t.n..L.o..q.it..-,.;. - • .1.1._ , ) ■ 1 ■ H 1 H , ' . , , . . ,.., . ... , ... . . ..• . : •r.--t.l.-- — ::.. . .. ... / , \ r, INGRESS 1 ...., _ „ .., . , I 1.1 --1:1-11•=7.Ffli.r-r761:11111.iniT,11:71.-".1,..,i, 1=-1-7171.—Hailly—LiTsi.17-1-1.11.1.1C-31..t.a.u:urstaximinu-lor,..Hbkj.,,,.. EGRESS 71 ' 0 fir ACTION ITEM Ilk HRA MEETING CETY OF F APRIL 4, 2013 Date: APRIL 4, 2013 To: Darin Nelson, Acting City Manager From: Paul Bolin, Asst. Executive HRA Director Subject: Gateway Northeast Property Acquisition - 5895 University Avenue After nearly 7 years of on and off again discussion, Dr. Lemay, owner of the Fridley Animal Hospital, has agreed-through an email from his attorney-to move forward with selling his property to the Authority. Dr. Lemay wishes to close on the property by May 30th and lease the property back from the Authority through August 31, 2013. The total amount of the purchase will be $525,000. The money is designated as follows: $400,000 for the building and land and$125,000 in lieu of relocation benefits and moving costs. Staff recommends approval of the proposed terms. Acquisition of this parcel allows the • Authority to control a contiguous parcel of nearly 6.5 acres that now stretches from 61st Avenue down to the Gateway East Townhomes. Staff further recommends the Authority authorize the Acting Executive Director and Chair or Vice-Chair to sign the documents necessary to effect the sale on behalf of the Authority. .. 4 Y ° \. f .. t i 3 '' 5. ' t i t "' 15 Igt ''0'i' ri'4c1' 1,ff,T4-. .t sson.,,,i ) , ', i: i il! .Iii *,,i,",73's ''" "); /.,*nr4.;:z. '11400to , • - ,,,, • INFORMATIONAL ITEM OF HRA MEETING OF APRIL 4, 2013 CITY FRIDLEY Date: March 28, 2013 To: Darin Nelson, Acting City Manager From: Paul Bolin, Acting Executive HRA Director Subject: Creation of TIF District #22 (Northstar Transit Station District) Last Month the Authority authorized staff to take the steps necessary to move the creation of TIF District#22 forward for consideration. The City Council has since adopted a resolution to hold a public hearing on the District's creation on May 6, 2013. Though the Authority will not take action on the creation of the TIF District until May 2nd, staff is providing a draft of the proposed TIF Plan for the District and a • projected budget showing the potential revenues and expenses for the district. Attorney Casserly and staff will provide an overview of the proposed district on Thursday. • housing units and 366 owner occupied housing units will be constructed with an estimated market value of approximately $161.0 M. Subsection 24.7. Prior Planned Improvements. After due and diligent search, the Authority has determined that no building permits have been issued during the eighteen (18) months immediately preceding approval of the TIF Plan by the Authority. Subsection 24.8. Fiscal Disparities. The Council hereby elects the method of tax increment computation set forth in Minnesota Statutes, Section 469.177, Subdivision 3, clause (a) if and when commercial/industrial development occurs within the TIF District. Subsection 24.9. Estimated Public Improvement Costs. The estimated public improvement costs, including interest thereon to be incurred for the benefit of and within the TIF District and the Project Area are set forth on Exhibit I-C. Subsection 24.10. Estimated Amount of Bonded Indebtedness. It is anticipated that approximately $51.2 M of bonded indebtedness may be incurred with respect to this portion of the Project Area. Subsection 24.11. Sources of Revenue. Anticipated revenue sources to assist in the financing of the public improvement costs, pursuant to Subsection 21.9. above, include (1) general obligation and/or revenue tax increment obligations with interest; (2) the direct use of tax increments; (3) the borrowing of available funds, including without limitation interest-bearing City short-term or long-term loans; (4) interfund loans or advances; (5) interfund transfers, both in and out; (6) land sale or lease proceeds; (7) levies; (8) grants from any public or private source; (9) developer payments; (10) loan repayments or other advances originally made with tax increments as permitted by Minnesota Statutes; and (11) any other revenue source derived from the City's or Authority's activities within the Project Area as required to finance the costs as set forth in Exhibit I-C. All revenues are available for tax increment eligible expenses within the Project Area as allowed by Minnesota Statutes. Subsection 24.12. Estimated Original and Captured Tax Capacities. The tax capacity of all taxable property in the TIF District, as most recently certified by the Commissioner of Revenue of the State of Minnesota on January 2, 2013, is estimated to be $1,036,423. The captured tax capacity of the TIF District upon completion of the proposed improvements on January 2, 2024 is estimated to be $1,947,419. The Authority intends to utilize 100% of the captured tax capacity for the duration of the TIF District for purposes of determining tax increment revenues. Subsection 24.13. Tax Increment. Annual tax increment generated from the TIF District has been calculated at approximately $2,974,608 upon the completion of the improvements in 2024. This estimate is provided on the attached Exhibit XXIV-C. 24-2 • EXHIBIT XXIV—A PARCELS TO BE INCLUDED IN THE TAX INCREMENT FINANCING DISTRICT NO. 22 223024120009 223024120016 223024120017 153024410022 153024440037 153024440038 153024440039 153024440040 153024440041 153024440042 223024110002 223024110003 223024110013 223024110016 223024110017 223024110018 223024110020 223024110021 223024110022 223024110023 223024110024 22302412CIC 223024120003 223024120005 223024120006 223024120007 223024120008 223024120010 223024120011 223024120012 223024120013 223024120018 223024120019 223024120020 223024120021 223024120022 223024120023 223024120024 223024120025 223024120026 223024120027 223024120028 223024120029 223024120030 223024130002 223024130003 223024130005 223024130010 223024130011 223024140002 223024140003 223024140008 223024140009 223024140010 223024410002 223024410003 223024410007 223024410008 223024420004 223024440009 and all easements, rights-of-way and adjacent roads and streets • • XXIV-A-1 Page 1 CITY OF FRIDLEY Northstar Transit Station District (TIF#22) ASSUMPTIONS __ _ I II 111 IMIll Area of Parcel 1/2/2013 Market Value Pay 2014) Original Market Values (Acres)IIII (Sq.Feet)1 Land Building Total Redevelopment Areas 3 I A ;Parcels 1-14 Island Park Area 7.34 3 319,556 I $ 1,569,800 $ 5,344,400 $ 6,914,200 C Parcels 25-29 West of RR Tracks 18.28 IN 796,059 1 2,934,400 6,617,000 $ 9,551,400 D Parcels 30—JLT Site 25.66 II 1,117,924 I 2,500,000 - $ 2,500,000 F 'Parcels 36-38 Transit Station 10.13 II 441,350 I 2,010,900 1,614,000 $ 3,624,900 ®∎mminim bliiEiiSiri r�rririid - Total Redevelopment Areas 61.41 3 2,674 889 1 $ 9 015,100 13,575,400 $ 22,590,500 ®_— I-1 3.37 per sq.ft.of Land Are as Not Being Redeveloped I-1 B ;Parcels 15-24 Geor•etown A•artment area No Redev 31.95 II 1,391,611 I 3,954,100 16,805,000 $ 20,759,100 E Parcels 31-35 Railroad Tracks No Redev 20.35 II 886,620 1 634,400 - $ 634,400 G 'Parcels 39-45 East o RR Tracks-South No Redev 41.94 II 1,826,689 I 6,071,400 19,939,400 $ 26,010,800 Total Areas Not Being Redeveloped 94.24 II 4,104,920 1 $ 10,659,900 $36,744,400 $ 47,404,300 TOTALS 155.64 II 6,779,809 1 $ 19,675,000 $50,319,800 $ 69,994,800 .-1-- 0 ■ ■ ■ anti—. Original Tax Capacity S-1 1,036,423 Commercial/Retail 51.5% 36,029,133 @ 2.00%CI 720,583 I ' ,Rental 37.4% 26,161,346 @ 1.25%CI 327,0171 Owner Occupied 11.1% 7,804,321 @ 1.00%CI 78,043 1-- 100.0% 69,994,800 3 1— II Phase 1 YEAR 3 I 'Estimated Market Value 88,217,280 3 I 'Estimated Tax Capacity 2017 1,466,796 I-1 Estimated Taxes 2018 2,965,794 3 I 'Estimated Tax Increment 657,379 in ♦ _ ��(combined) III I 'Estimated Market Value 106,967,280 3 I Estimated Tax Capacity 2019 1,841,796 3 I Estimated Taxes 2020 3,781,803 3 I Estimated Tax Increment 1,230,177 ill—1 Phase 3(combined) 3 I Estimated Market Value 195,551,680 3— Estimated Tax Capacity 2021 2,886,340 3 I Estimated Taxes 2022 5,703,055 3 I Estimated Tax Increment 2,825,678 III—_♦I , II Phase 4(combined) III-- Estimated Market Value 762 new units 208,426,780 3 I Estimated Tax Capacity 2023 450,192 new sq.ft. 2,983,842 I-1 _- Estimated Taxes 2024 5,849,803 3 I Estimated Tax Increment 2,974,608 ©—I �_— .—♦ Local Tax Rate- Pay 2013Th' ISD#14 1.53298 " C/I 3 4.4%1 effective tax rate State Tax Rate- Pay 2013 0.52523 (C/I only) Rental. 2.2%1 effective tax rate Eff.Incr.on local tax rate for taxes at F.D.rate 0.00072 (C/I only) For Sale II 1.8%1 effective tax rate Combined Tax Rate-C/I Property Only 2.05893 I-1 1___— NI assumes fiscal disparities taken outside the TIF district Market Value Referendum Tax Rate 0.23418% Pay 2013TNT ®used for tax increment calculations _— .—♦ Program/Admin Fees 10.00% E I State Auditor Fee 0.360% 3 I Inflation Rate _ starts 6/1/2024 2.50% I-1 Present Value Rate 6/1/2018 5.00% 3 1 ®_— . I Fiscal Disparities Metro Wide Tax Rate 1.53491 Pay 2013TNT MI I Fiscal Disparities Ratio 37.5075% Pay 2013TNT I-1 Northstar Transit Station District 2013b(2).xlsx Prepared by Sevenich,Butler,Gerlach&Brazil,Ltd. 3/19/2013 Page 6 CITY OF FRIDLEY Northstar Transit Station District (TIF#22) • ASSUMPTIONS PHASES 1-4 Total Estimated Market Value $208,426,780 Commercial/Retail 74,867,680 B 100.0% 0 sq.ft.@ /sq.ft.= 0 C West of RR Tracks 100.0% 12,000 sq.ft.@ 125.00 /sq.ft.= 1,500,000 O JLT Site 100.0% 434,192 sq.ft.@ 106.46 /sq.ft.= 46,222,480 E Railroad Tracks 100.0% 0 sq.ft.@ /sq.ft.= 634,400 land F Transit Station 100.0% 4,000 sq.ft.@ 125.00 /sq.ft.= 500,000 G East o RR Tracks-Sc 100.0% 0 sq.ft.@ /sq.ft.= , 26,010,800 land Rental I 0 60,359,100 A Island Park Area 100.0% 144 units @ 100,000 /unit= 14,400,000 B Georgetown Apt area 100.0% 0 units @ /unit= 20,759,100 land C West of RR Tracks 100.0% 132 units @ 100,000 /unit= 13,200,000 D JLT Site 100.0% 120 units @ 100,000 /unit= 12,000,000 Owner Occupied 0 73,200,000 I A Island Park Area 100.0% 100 units @ 200,000 /unit= 20,000,000 C West of RR Tracks 100.0% 186 units @ 200,000 /unit= 37,200,000 _ D JLT Site] 100.0% 0 units @ /unit= _ F Transit Station 100.0% 80 units @ 200,000 /unit= 16,000,000 762 units 450,192 sq.ft. Total Estimated Tax Capacity 2,983,842 Commercial/Retail 1,497,354 B I 2.00% 0 C West of RR Tracks 2.00% 30,000 D JLT Site I 2.00% 924,450 E Railroad Tracks 2.00% 12,688 F Transit Station 2.00% 10,000 G East o RR Tracks-South 2.00% 520,216 Rental I 754,489 0_ A Island Park Area 1.25% 180,000 B Georgetown Apt area 1.25% 259,489 C West of RR Tracks 1.25% 165,000 D JLT Site 1.25%' 150,000 Owner Occupied I ' 732,000 A Island Park Area 200,000 i <= 500,000 1.00% 200,000 > 500,000 1.25% 0 C West of RR Tracks 372,000 <= 500,000 1.00% 372,000 1 > 500,000 1.25% 0 • D JLT Site 0 <= 500,000 1.00% 0 > 500,000 1.25% 0 F Transit Station 160,000 <= 500,000 1.00% 160,000 > 500,000 1.25% 0 Total Estimated Taxes 5,849,803 Commercial/Retail 3,258,277 B I 0 sq.ft.@ 0.00 /sq.ft.= 0 C West of RR Tracks 12,000 sq.ft.@ 5.44 /sq.ft.= 65,281 D JLT Site 434,192 sq.ft.@ 4.63 /sq.ft.= 2,011,624 E Railroad Tracks 0 sq.ft.@ 0.00 /sq.ft.= 27,609 F Transit Station 4,000 sq.ft.@ 5.44 /sq.ft.= 21,760 G East o RR Tracks-South 0 sq.ft.@ 0.00 /sq.ft.= 1,132,002 Rental I 1,297,965 A Island Park Area 144 units @ 2,150 /unit= 309,658 B Georgetown Apt area 0 units @ 0 /unit= 446,405 C West of RR Tracks 132 units @ 2,150 /unit= 283,853 D JLT Site 120 units @ 2,150 /unit= 258,049 Owner Occupied 1,293,561 ir A Island Park Area 100 units @ 3,534 /unit= 353,432 C i West of RR Tracks 186 units @ 3,534 /unit= 657,384 D JLT Site I 0 units @ 0 /unit= 0 F Transit Station 80 units @ 3,534 /unit= 282,746 Northstar Transit Station District 2013b(2).xlsx Prepared by Sevenich,Butler,Gerlach&Brazil,Ltd. 3/19/2013 • EXHIBIT XXIV—D "BUT FOR" ANALYSIS The Northstar Transit Station District (the "Site") is generally located south of 61 '/2 Way, west of Main Street, north of 1-694 and east of the Mississippi River. It is approximately 155 acres and with the exception of one parcel adjacent to 1-694 is fully developed. The Site is currently composed of residential and office/warehouse/manufacturing uses. The BNSF railroad bisects the Site and the Northstar Transit Station is in the NE corner. The Site is ideally suited for transit oriented development (TOD) and the most recent City of Fridley Comprehensive Plan (the "Comp Plan") states as follows: While the area around University and 57th and 61St Avenues is currently solely designed for automobile traffic, it has immense potential for a public transit hub. The bus stop at 57th and University is the last stop before the morning express route buses rush downtown, making it about a 15-minute commute to work in the central city. The Northstar Commuter Rail Line will be going through Fridley on the existing BNSF rail line, starting in 2009. A station site is proposed near 61st and Main Street next to the Hyde Park neighborhood, which has much affordable rental and homeownership opportunities for the surrounding industrial workforce. Metro Transit plans to route existing bus routes to the Fridley Northstar • Station site, where park and ride opportunities will exist on both sides of the tracks. In addition, three of Fridley's largest employers have facilities within a mile of the proposed Fridley commuter rail station site. One of Fridley's major commercial intersections, University and 1-694, is also in this area. The Cub Foods side in this corner has been purchased and is being considered for redevelopment by the owner, posing new retail opportunities for the area. In addition, a 25.5 acre vacant industrial site at the corner of 1-694 and East River Road is being considered for rezoning to commercial, which would create additional retail opportunities in the area. All of these components make this 355 area acre [which includes the Site] a great opportunity for transit oriented development (TOD). The Fridley Housing and Redevelopment Authority (HRA) is currently considering a redevelopment project along the east side of University Avenue between Gateway East Townhomes (near 57th Avenue) and 61st Avenue. The HRA has successfully purchased four vacant commercial properties in this area and has a purchase offer out on a fifth. Commercial uses have struggled in this location for years due to poor access and shallow lot depths, which make it difficult for these sites to meet the parking requirements for many uses suitable for the commercial zoning of the properties. The HRA was selected to investigate possible • redevelopment options through the Center for Neighborhoods Corridor XXIV-D-1 EXHIBIT XXIV - E • ESTIMATED IMPACT OF TAX INCREMENT FINANCING DISTRICT NO.20 IMPACT ON TAX BASE ORIGINAL ESTIMATED CAPTURED DISTRICT TAX TAX TAX TAX AS % ENTITY BASE CAPACITY CAPACITY CAPACITY OF TOTAL City of Fridley 25,746.857 1,036,423 2,983,842 1,947,419 7.564% County of Anoka 251,300,018 1,036,423 2,983,842 1,947,419 0.775% ISD#14 10,956,626 1,036,423 2,983,842 1.947,419 17.774% IMPACT ON TAX RATE TAX %OF TAX TAX RATE ENTITY RATE TOTAL INCREMENT INCREASE City of Fridley 0.47042 30.69% 916,105 3.849% County of Anoka 0.44328 28.92% 863,252 0.346% [SD#14 0.51260 33.44% 998,247 11.080% Other 0.10668 6.96% 207,751 1.53298 100.00% 2.985,354 Assumes construction would have occurred without the creation of a Tax Increment Financing District. If construction is a result of Tax increment Financing,the impact is SO. • XXIV-E-1 W ' ` Page 1 CITY OF FRIDLEY Northstar Transit Station District (TIF#22) v • ASSUMPTIONS -- -_- Area of Parcel 1/2/2013 Market Value(Pay 2014) Original Market Values (Acres) (Sq.Feet) Land Building Total Redevelopment Areas A Parcels 1-14 Island Park Area 7.34 319,556 $ 1,569,800 $ 5,344,400 $ 6,914,200 C Parcels 25-29 West of RR Tracks i 18.28 796,059 2,934,400 6,617,000 $ 9,551,400 D Parcels 30 JLT Site 25.66 1,117,924 2,500,000 - $ 2,500,000 F Parcels 36-38 Transit Station 1 10.13 441,350 2,010,900 1,614,000 $ 3,624,900 I -- Total Redevelopment Areas _ ' 61.41 1 2,674,889 $ 9,015,100 $13,575,400 $ 22,590,500 _ 3.37 per sq.ft.of Land Areas Not Being Redeveloped B Parcels 15-24 Georgetown Apartment area No Redev 31.95 1,391,611 3,954,100 16,805,000 $ 20,759,100 E Parcels 31-35 Railroad Tracks 1 No Redev i 20.35 886,620 634,400 $ 634,400 G Parcels 39-45 East o RR Tracks-South No Redev 1 41.94 1,826,689 6,071,400 19,939,400 $ 26,010,800 I I Total Areas Not Being Redeveloped 94.24 I 4,104,920_ $ 10,659,900 $36,744,400 $ 47,404,300 TOTALS 155.64 6,779,809 $ 19,675,000 $50,319,800 $ 69,994,800 0 Original Tax Capacity 1,036,423 Commercial/Retail 51.5% 36,029,133 @ 2.00% = 720,583 Rental 37.4% 26,161,346 @ 1.25% = 327,017 Owner Occupied 11.1% 7,804,321 @ 1 1.00% = 78,043 100.0% 69,994,800 Phase 1 YEAR Estimated Market Value 88,217,280 Estimated Tax Capacity 2017 1,466,796 Estimated Taxes 2018 2,965,794 • Estimated Tax Increment 657,379 * Phase 2(combined) Estimated Market Value 106,967,280 Estimated Tax Capacity 2019 1,841,796 Estimated Taxes 2020 3,781,803 Estimated Tax Increment 1,230,177 * 1 — Phase 3(combined) Estimated Market Value 1 195,551,680 Estimated Tax Capacity 2021 2,886,340 Estimated Taxes 2022 ' 5,703,055 Estimated Tax Increment 2,825,678 * Phase 4(combined) _ Estimated Market Value 762 new units 208,426,780 Estimated Tax Capacity 2023 450,192 new sq.ft. 2,983,842 Estimated Taxes i 2024 5,849,803 Estimated Tax Increment 2,974,608 * Local Tax Rate- Pay 2013TN- ISD#14 1.53298 ** C/I 4.4% effective tax rate State Tax Rate- Pay 2013 0.52523 (C/I only) Rental 2.2% effective tax rate Eff.Incr.on local tax rate for taxes at F.D.rate 0.00072 (C/I only) For Sale 1.8% effective tax rate Combined Tax Rate-C/I Property Only 2.05893 11_____ ____I _J-____-- __ " assumes fiscal disparities taken outside the TIF district Market Value Referendum Tax Rate 0.23418% Pay 2013TNT ** used for tax increment calculations i Program/Admin Fees 10.00% State Auditor Fee 0.360% I Inflation Rate starts 6/1/2024 2.50% Present Value Rate 6/1/2018 5.00% 411 Fiscal Disparities Metro Wide Tax Rate 1.53491 Pay 2013TNT Fiscal Disparities Ratio 37.5075% Pay 2013TNT Northstar Transit Station District 2013b(2).xlsx Prepared by Sevenich,Butler,Gerlach&Brazil, Ltd. 3/19/2013 Page 2 CITY OF FRIDLEY Northstar Transit Station District (TIF#22) ASSUMPTIONS • REDEVELOPMENT SUMMARY Development Starts Phase 2 No Redev Phase 3 Phase 1 No Redev Phase 4 No Redev Current Islands of Georgetown West of RR' Train Station E of RR Tracts Peace Apts Apartments Tracks JLT Land RR Tracks Site Land Commercial Acres 7.3 ' 31.9 18.3 25.7 20.4 10.1 41.9 155.6 Parcels 1-14 15-24 25-29 30 31-35 36-38 39-45 Site A B C D E F G TOTAL Units/Sq.Ft. Office Warehouse $ 65 134,192 134,192 Retail $ 125 12,000 0 4,000 16,000 Office $ 125 300,000 300,000 Rental $ 100,000 144 132 120 396 Owner Occupied $200,000 100 186 1 0 _ 80 366 Market Value Office Warehouse 8,722,480 8,722,480 Retail 1,5.00,000 500,000 2,000,000 Office 37 500,000 _ 37,500,000 Rental 14,400,000 13,200,000 12,000,000 39,600,000 Owner Occupied 20,000,000 37,200,000 16,000,000 73,200,000 34,400,000 0 51,900,000 58,222,480 0 0 16,500,000 0 161,022,480 Existing-No Change 20,759,100 634,400 26,010,800 47,404,300 Total Market Value 34,400,000 20,759,100 51,900,000 58,222,480 0 634,400 16,500,000 26,010,800 208,426,780 _-- --- 634,400 Original Market Value 6,914,200 20,759,100 9,551,400 2,500,000 634,400 3,624,900 26,010,800 69,994,800 Increase in Market Value 5.0 5.4 23.3 4.6 New Market Value per acre 4,689,204 2,839,945 2,268,644 1,628,504 Existing Market Value per acre 649,798 31,168 620,265 MEI_ Tax Capacity I New I Construction 2016 2018 2020 2022 Market Full Valuation 2017 2019 2021 2023 Value Taxes Payable 2018 2020 2022 2024 I Starts- I Current Phase 1 Phase 2 Phase 3 Phase 4 Commercial/Retail --- B --- C Parcels 25-29 West of RR Tracks I Phase 3 I 9,551,400 9,551,400 9,551,400 1,500,000 1,500,000 D Parcels 30 JLT Site Phase 1 2,500,000 8,722,480 27,472,480 46,222,480 46,222,480 E Parcels 31-35 Railroad Tracks No Redev 634,400 634,400 634,400 634,400 634,400 F Parcels 36-38 Transit Station I Phase 4 I 3,624,900 3,624,900 3,624,900 3,624,900 500,000 G Parcels 39-45 East o RR Tracks-South I No Redev I 26,010,800 26,010,800 26,010,800 26,010,800 26,010,800 Rental --- A Parcels 1-14 Island Park Area 1 Phase 2 1 6,914,200 6,914,200 6,914,200 14,400,000 14,400,000 B Parcels 15-24 Georgetown Ast area I No Redev I 20,759,100 20,759,100 20,759,100 20,759,100 20,759,100 C Parcels 25-29 West of RR Tracks Phase 3 -- 13,200,000 13,200,000 D Parcels 30 JLT Site Phase 1 12,000,000 12,000,000 12,000,000 12,000,000 Owner Occupied I I --- A Parcels 1-14 Island Park Area Phase 2 -- 20,000,000 20,000,000 C Parcels 25-29 West of RR Tracks Phase 3 -- 37,200,000 37,200,000 D Parcels 301 JLT Site 1 Phase 1 I --- F Parcels 36-38 Transit Station I Phase 4 I --- 16,000,000 Total Market Values 69,994,800 88,217,280 106,967,280 195,551,680 208,426,780 -_. 0 -- 0 units 120 120 682 762 sq.ft. 134,192 284,192 446,192 450,192 Original Tax Capacity 1,192,346 1,163,809 1,205,192 1,033,122 1,002,047 0 0 0 0 Northstar Transit Station District 2013b(2).xisx Prepared by Sevenich,Butler,Gerlach&Brazil,Ltd. 3/19/2013 _Eggs...__ „ ,.,„„ „...._,... , Eggs ... _Eggs, . , CITY OF FRIDLEY Page 3 Northstar Transit Station District (TIF#22) ASSUMPTIONS PHASE 1 Total Estimated Market Value $88,217,280 gsgs Commercial/Retail -- U I 48,543,980 NMI B _— 100.0% 0 sq.ft.@ /sq.ft.= 0 gsgs C West of RR Tracks 100.0% 0 sq.ft.@ , U /sq.ft.= I 9,551,400 land ism D JLT Site— 100.0% 134,192 sq.ft.@ ! 65.00 U /sq.ft.= I 8,722,480 Eggs E Railroad Tracks 100.0% 0 sq.ft.@ II /sq.ft.= I 634,400 land Eggs F Transit Station 100.0% 0 sq.ft.@ U /sq.ft.= 1 3,624,900 land Eggs G East o RR Tracks-S4 100.0% 0 sq.ft.@ • /sq.ft.= I 26,010,800 land ..Rental --- U—,— 39,673,300 Eggs A Island Park Area 100.0% 0 units @ U /unit= , 6,914,200 land m EgB Georgetown Apt area 100.0% 0 units @ II /unit= I 20,759,100 land EgEg C West of RR Tracks 100.0% 0 units @ 11 /unit= I 0 gr. D JLT Site— 100.0% 120 units @ 100,000 IN /unit= 1 12,000,000 MM Owner Occupied —_ U I 0 MM A Island Park Area 100.0% 0 units @ U /unit= I 0 NMI C West of RR Tracks 100.0% 0 units @ II /unit= I 0 MIN D JLT Site— 100.0% 0 units @ II /unit= 1 NEE MI F Transit Station 100.0% 0 units @ II /unit= I 0 Mil 120 units U I M.__-- 134,192 sq.ft. II •Total Estimated Tax Capacity -- U-'-- 1,466,796 ISM Commercial/Retail -- U I 970,880 Eggs B --- 2.00% —, 0 Mil C West of RR Tracks — 2.00%III 191,028 NM D JLT Site-- 2.00%El—I 174,450 Eggs E Railroad Tracks 1 2.00%Ill—, 12,688 MIgs F Transit Station -- 2.00% 72,498 gsMI �G East o RR Tracks-South 2.00%M—, 520,216 M•Rental -- —,— 495,916 INNGlan etark Apt area 125% 86,428 C George w Tracks area – 9 P i 1.25% 259,489 Eggs -- 1 1.25%■—I 0 MIgs D JLT Site 1 1.25%U-, 150,000 MIMI Owner Occupied -- —,— 0 MM A Island Park Area -- I o —, 0 MIN <= 500,000 1.00% 0 I� MINI__— > 500,000 1.25%■ 0 ,-- _ MIgs C West of RR Tracks -- E—, 0 NNE <= 500,000 1.00%III 0I MIN__— > 500,000 , 1.25%mi 0 , gsEg D JLT Site III I 0 IMM <= 500,000 1.00%El 0 I IEM > 500,000 1.25%■ 0 1 Eggs F Transit Station -- II 0 EgMI 500,000 1.00%■ 0 I�� MINI___ > 500,000 , 1.25%■ 0 , •Total Estimated Taxes —'— 2,965,794 miCommercial/Retail — . _—I 2,112,657 I ill B. — 0._.sq.ft @ 0.00 1111 /sq ft_= � 0 C West of RR Tracks 0 sq.ft.@ 0.00 /sq.ft.= 415,681 MN D JLT Site—_ 134,192 sq.ft.@ 2.83 ii /sq.ft.= , 379,606 MEI E Railroad Tracks 0 sq.ft.@ 0.00 NI /sq.ft.= • 27,609 MIN F Transit Station 0 sq.ft.@ 0.00 NI /sq.ft.= I 157,757 MIMI G East o RR Tracks-South 0 sq.ft.@ 0.00 gi /sq.ft.= 1 1,132,002 EgEgRental --- I 853,137 mi. A Island Park Area 0 units @ 0 U /unit= I 148,683 r B Georgetown Apt area 0 /unit= , 446,405 C B Georgetown Apt area West of RR Tracks 0 units @ 0 units @ 0 /unit= 0 D JLT Site 120 units @ 2,150 /unit 258,049 MINI Owner Occupied -- I 0 mi. A Island Park Area 0 units @ 1 0 II /unit= I 0 MI gs C West of RR Tracks 0 units @ 0 /unit= , 0 NNE MI D JLT Site-- 0 units @ 0 • /unit= I 0 EMI F Transit Station 0 units @ 0 In /unit= I 0 MI Construction -- 2016 •Full Valuation --MEM U I 1111 Taxes Pa able -- 2018 1, IM I Northstar Transit Station District 2013b(2).xlsx Prepared by Sevenich, Butler,Gerlach&Brazil,Ltd. 3/19/2013 CITY OF FRIDLEY Northstar Transit Station District (TIF#22) Page 4 ASSUMPTIONS PHASES 1 &2 Total Estimated Market Value _ _ $106,967,280 Commercial/Retail 67,293,980 B 100.0% 0 sq.ft.@ $ /sq.ft.= 0 C West of RR Tracks 100.0% 0 sq.ft.@ 0.00 /sq.ft.= 9,551,400 land D JLT Site 100.0% 284,192 sq.ft.@ j 96.67 /sq.ft.= 27,472,480 +1/2 of office E Railroad Tracks 100.0% 0 sq.ft.@ 0.00 /sq.ft.= 634,400 land F Transit Station 100.0% 0 sq.ft.@ 0.00 /sq.ft.= 3,624,900 land G East o RR Tracks-Sc 100.0% 0 sq.ft.@ 0.00 /sq.ft.= 26,010,800 land Rental i 0 39,673,300 A Island Park Area 100.0% 0 units @ 0 /unit= 6,914,200 land B Georgetown Apt area 100.0% 0 units© 0 /unit= 20,759,100 land C West of RR Tracks 100.0% 0 units @ 0 /unit= 0 D JLT Site 100.0% 120 units @ 100,000 /unit= 12,000,000 Owner Occupied 0 0 A Island Park Area 100.0% 0 units @ !, 0 /unit= 0 C West of RR Tracks 100.0% 0 units @ 0 /unit= 0 D JLT Site 100.0% 0 units @ ; 0 /unit= F Transit Station 100.0% 0 units @ 0 /unit= 0 120 units 284,192 sq.ft. Total Estimated Tax Capacity 1,841,796 Commercial/Retail 1,345,880 B 2.00% 0 C West of RR Tracks 2.00% 191,028 D JLT Site 2.00% 549,450 E Railroad Tracks 2.00% 12,688 F Transit Station 2.00% 72,498 G East o RR Tracks-South 2.00% 520,216 Rental 495,916 A Island Park Area 1.25% 86,428 B Georgetown Apt area 1.25% 259,489 C West of RR Tracks 1.25% 0 • D JLT Site 1.25% 150,000 Owner Occupied 0 A Island Park Area 0 <= 500,000 1.00% 0 > 500,000 1.25% 0 C West of RR Tracks 0 <= 500,000 1.00% 0 > 500,000 1.25% 0 D JLT Site 0 <= 500,000 I 1.00% 0 > 500,000 1.25% 0 F Transit Station 0 <= 500,000 1.00% 0 > 500,000 1 1.25% 0 Total Estimated Taxes 3,781,803 Commercial/Retail 2,928,666 B 0 sq.ft.@ 0.00 /sq.ft.= 0 C West of RR Tracks 0 s q.ft.© i 0.00 /sq.ft.= 415,681 D JLT Site l 284,192 sq.ft.@ 4.21 /sq.ft.= 1,195,615 E Railroad Tracks 0 sq.ft.@ 0.00 /sq.ft.= 27,609 F Transit Station 0 sq.ft.© 0.00 /sq.ft.= 157,757 G East o RR Tracks-South 0 sq.ft.@ 0.00 /sq.ft.= 1,132,002 Rental 853,137 A Island Park Area 0 units© 0 /unit= 148,683 B Georgetown Apt area 0 units @ 0 /unit= 446,405 C West of RR Tracks 0 units @ ; 0 /unit= 0 D JLT Site 120 units @ 2,150 /unit= 258,049 Owner Occupied 0 A Island Park Area 0 units @ 0 /unit= 0 C West of RR Tracks 0 units @ 0 /unit= 0 D JLT Site 0 units @ 0 /unit= 0 • F Transit Station 0 units @ 0 /unit= 0 Construction 2018 Full Valuation 2019 Taxes Payable 2020 1 i Northstar Transit Station District 2013b(2).xlsx Prepared by Sevenich, Butler,Gerlach&Brazil,Ltd. 3/19/2013 CITY OF FRIDLEY Page 5 Northstar Transit Station District (TIF#22) ASSUMPTIONS PHASES 1-3 Total Estimated Market Value 1 $195,551,680 40, Commercial/Retail 77,992,580 B 100.0% 0 sq.ft.@ $ /sq.ft.= 0 C West of RR Tracks 100.0% 12,000 sq.ft.@ 125.00 /sq.ft.= 1,500,000 D JLT Site 100.0% 434,192 sq.ft.@ 1 106.46 /sq.ft.= 46,222,480 +all office dev E Railroad Tracks 100.0% 0 sq.ft.@ 0.00 /sq.ft.= 634,400 land F Transit Station 100.0% 0 sq.ft.@ I 0.00 /sq.ft.= 3,624,900 land G East o RR Tracks-Sc 100.0% 0 sq.ft.@ 0.00 /sq.ft.= 26,010,800 land Rental 0 60,359,100 A Island Park Area 100.0% 144 units @ 1 100,000 /unit= 14,400,000 B Georgetown Apt area 100.0% 0 units @ 0 /unit= 20,759,100 land C West of RR Tracks 100.0% 132 units @ 100,000 /unit= 13,200,000 D JLT Site 100.0% 120 units @ 100,000 /unit= 12,000,000 Owner Occupied 0 57,200,000 A Island Park Area 100.0% 100 units @ 200,000 /unit= 20,000,000 C West of RR Tracks 100.0% 186 units @ 200,000 /unit= 37,200,000 D JLT Site i 100.0% 0 units @ 0 /unit= F Transit Station 100.0% 0 units @ 0 /unit= 1 0 682 units 446,192 sq.ft. Total Estimated Tax Capacity 2,886,340 Commercial/Retail 1,559,852 B 2.00% 0 C West of RR Tracks I 2.00%' ' 30,000 D JLT Site 2.00%' ' 924,450 E Railroad Tracks 1 2.00% i 12,688 F Transit Station 2.00% 72,498 G East o RR Tracks-South 2.00% 520,216 Rental 754,489 A Island Park Area 1.25% 180,000 B Georgetown Apt area 1.25% 259,489 ■ C West of RR Tracks 1.25% , 165,000 0 ■ D JLT Site 1.25% 150,000 Owner Occupied . 1 572,000 A Island Park Area 200,000 <= 500,000 1.00% 200,000 > 500,000 1.25% 0 , C West of RR Tracks 1 372,000 <= 500,000 1.00% 372,000 >, 500,000 1.25%, 0 D JLT Site 0 <= 500,000 1.00% 0 > 500,000 1.25% 0 F Transit Station 0 <= 500,000 1.00% 0 >, 500,000 1.25% 0 Total Estimated Taxes 5,703,055 Commercial/Retail 3,394,274 B 0 sq.ft.@ 0.00 /sq.ft. 0 C West of RR Tracks 12,000 sq.ft.© 5.44 /sq.ft.= 65,281 D JLT Site 434,192 sq.ft.@ 1 4.63 /sq.ft.= 2,011,624 E Railroad Tracks 0 sq.ft.@ 0.00 /sq.ft.= 27,609 F Transit Station 0 sq.ft.@ 0.00 ' /sq.ft.= 157,757 G East o RR Tracks-South 0 sq.ft.@ 0.00 /sq.ft.= 1,132,002 Rental 1 1,297,965 A Island Park Area 144 units @ 2,150 /unit= 309,658 ' B Georgetown Apt area 0 units© 0 /unit= 446,405 C West of RR Tracks 132 units @ 2,150 /unit= 283,853 D JLT Site 120 units @ 2,150 /unit= 258,049 Owner Occupied 1,010,816 A Island Park Area 100 units @ 3,534 /unit= 353,432 C West of RR Tracks 186 units© 3,534 /unit= 657,384 D JLT Site 0 units @ 0 /unit= 0 • F Transit Station 0 units @ 0 /unit= 0 Construction 2020 Full Valuation 2021 Taxes Payable 2022 Northstar Transit Station District 2013b(2).xlsx Prepared by Sevenich, Butler,Gerlach&Brazil,Ltd. 3/19/2013 ,,,'�' Page 6 CITY OF FRIDLEY i % \t J \ Northstar Transit Station District (TIF#22) ASSUMPTIONS PHASES 1 -4 Total Estimated Market Value 111-1 - $208,426,780 .Commercial/Retail - II 74,867,680 . B -_ 100.0% 0 sq.ft.@ Il /sq.ft.= ' 0 M. C West of RR Tracks 100.0% 12,000 sq.ft.@ 125.00 . /sq.ft.= 1 1,500,000 MI. D JLT Site- 100.0% 434,192 sq.ft.@ 106.46 /sq.ft.= I 46,222,480 E Railroad Tracks F Transit Station 100.0% 100.0% 4,000 s 0 sq.ft.@ /sq.ft._ 634,400 land q.ft.@ 125.00 /sq.ft.= 500,000 MI. G East o RR Tracks-Si 100.0% 0 sq.ft.@ . /sq.ft.= I 26,010,800 land ..Rental --- �- 0 60,359,100 MI. A Island Park Area 100.0% 144 units @ 100,000 • /unit= , 14,400,000 .. B Georgetown Apt area 100.0% 0 units @ • /unit= I 20,759,100 land MI. C West of RR Tracks 100.0% 132 units @ i 100,000 • /unit= 13,200,000 .- D JLT Site- 100.0% 120 units @ 100,000 El /unit= = 12,000,000.III Owner Occupied -- -, 0 73,200,000 MI. A Island Park Area 100.0% 100 units @ 1 200,000 . /unit= I 20,000,000 MI. C West of RR Tracks 100.0% 186 units @ 200,000 I /unit= 37,200,000 MI. D JLT Site- 100.0% 0 units @ ' • /unit= NM F Transit Station 100.0% 80 units© 200,000 MI /unit= I 16,000,000 NM 762 192 sq.ts -- 450,192 sq.ft. Total Estimated Tax Capacity I -- 2,983,842 .Commercial/Retail 111_ 1,497,354 MN B _- 2.00%m I 0 . C West of RR Tracks 2.00%■ 30,000 . D JLT Site-- 2.00%■= 924,450 MI. E Railroad Tracks 2.00%■- 12,688 Transit Station EOM East o RR Tracks-South 2.00% 520,2106 Mil MI.Rental -- .-'- 754,489 •. A Island Park Area 1.25%U-I 180,000 N. B Georgetown Apt area 1.25%U- 259,489 . MI C West of RR Tracks - 1.25%■-, 165,000 MI. D JLT Site 1.25%1111-I 150,000 ..Owner Occupied II 732,000 MIN A Island Park Area E_I 200,000 IIIM ■ <= 500,000 1.00% 200,000 .. _- > 500,000 1.25%■ 0 , .. C West of RR Tracks -- II II . <= 500,000 1.00%■ 372,000 _ EIM - > 500,000 1.25%■ 0 . D JLT Site - 0 .__ <= 500,000 1 .1.00% 0 • � > 500,000 1.25%in 0 , ..-Tra-tatio -- III- 160,000 ._-- <= 500,000 1.00%■ 160,000 , > 500,000 1.25%® 0 ill I Total Estimated Taxes 5,849,803 .Commercial/Retail - .- 3,258,277 B �� 0 sq.ft.@ 0.00 U /sq.ft.= 0 Mil. C West of RR Tracks 12,000 sq.ft.@ 5.44 • /sq.ft.= 65,281 �. D JLT Site-- 434,192 sq.ft.@ 4.63 U /sq.ft.= C 2,011,624 . E Railroad Tracks 0 sq.ft.@ 0.00 U /sq.ft.= 27,609 . F Transit Station 4,000 sq.ft.@ 5.44 II /sq.ft.= I 21,760 MI. G East o RR Tracks-South 0 sq.ft.@ 0.00 II /sq.ft.= I 1,132,002 MINI Rental .11111,- 1,297,965 MIN A Island Park Area 144 units @ 2,150 • /unit= I 309,658 • N. B Georgetown Apt area 0 units @ 0 /unit= 446,405 .. C West of RR Tracks 132 units© 2,150 • /unit= , 283,853 MINI D JLT Site-- 120 units @ 2,150 E®1 258,049 N Owner Occupied III-I 1,293,561 _ . A Island Park Area 100 units @ 3,534 • /unit= , 353,432 C West of RR Tracks 186 units© 3,534 II /unit= I 657,384 min D JLT Site 0 units @ 0 II /unit= I 0 F Transit Station 80 units @ 3,534 /unit= 282,746 Northstar Transit Station District 2013b(2).xlsx Prepared by Sevenich,Butler,Gerlach&Brazil, Ltd. 3/19/2013 Page 7 CITY OF FRIDLEY Northstar Transit Station District (TIF#22) ','� CASH FLOW ANALYSIS qk < ANNUAL > < --------------- -- SEMI-ANNUAL------- - -> • (a) (b) (c) (d) (e) (fl (g) (h) Available (I G) < Original Estimated Captured Est.T.I. Less: ilable Cumulative Present Value > Tax Tax Tax (d)x Admin/Prog Tax Avail.Tax Semi Annual Cumulative Date Capacity Capacity Capacity 1.53298 Fees Increment Increment Balance Balance (see assumptions) (c)-(b) -St.Aud.Fee (e)x (e)-(f) Total of(g) P.V.of(g) Total of(i) 2.50% Inflation (prey.year) 0.360% 10.00% 5.00% 06/01/18 06/01/13 1,036,423 1,036,423 12/01/13 1,036,423 1,036,423 06/01/14 1,036,423 1,036,423 City elects to NOT receive tax increment,per MN Statutes 469.175,subd 1(b) 12/01/14 ! 1,036,423 1,036,423 06/01/15 1,036,423 1,036,423 City elects to NOT receive tax increment,per MN Statutes 469.175,subd 1(b) 12/01/15 1,036,423 1,036,423 I I 06/01/16 1,036,423 1,036,423 City elects to NOT receive tax increment,per MN Statutes 469.175,subd 1(b) 12/01/16 ! 1,036,423 1,036,423 I I 06/01/17 1,036,423 1,466,796 City elects to NOT receive tax increment,per MN Statutes 469.175,subd 1(b) 12/01/17 1,036,423 1,466,796 1 06/01/18 1,036,423 1,466,796 430,373 328,689 32,869 295,820 295,820 295,820 295,820 12/01/18 1,036,423 1,466,796 430,373 328,689 32,869 295,820 591,641 288,605 584,426 2 06/01/19 1,036,423 1,841,796 430,373 328,689 32,869 295,820 887,461 281,566 865,992 12/01/19 1,036,423 1,841,796 430,373 328,689 32,869 295,820 1,183,281 274,699 1,140,690 3 06/01/20 1,036,423 1,841,796 805,373 615,088 61,509 553,579 1,736,861 501,516 1,642,206 12/01/20 1,036,423 1,841,796 805,373 615,088 61,509 553,579 2,290,440 489,284 2,131,490 4 06/01/21 1,036,423 2,886,340 805,373 615,088 61,509 553,579 2,844,020 477,350 2,608,839 12/01/21 1,036,423 2,886,340 805,373 615,088 61,509 553,579 3,397,599 465,707 3,074,546 5 06/01/22 1,036,423 2,886,340 1,849,918 1,412,839 141,284 1,271,555 4,669,154 1,043,624 4,118,171 12/01/22 1,036,423 2,886,340 1,849,918 1,412,839 141,284 1,271,555 5,940,709 1,018,170 5,136,341 6 06/01/23 ! 1,036,423 2,983,842 1,849,918 1,412,839 141,284 1,271,555 7,212,264 993,337 6,129,678 12/01/231 1,036,423 2,983,842 1,849,918 1,412,839 141,284 1,271,555 8,483,819 969,109 7,098,787 7 06/01/24 1,036,423 3,058,438 1,947,420 1,487,304 148,730 1,338,574 9,822,393 995,304 8,094,091 12/01/241 1,036,423 3,058,438 1,947,420 1,487,304 148,730 1,338,574 11,160,967 971,029 9,065,120 _ 8 06/01/25 1,036,423 3,134,899 2,022,016 1,544,275 154,428 1,389,848 12,550,815 983,633 10,048,753 12/01/25 1 1,036,423 3,134,899 2,022,016 1,544,275 154,428 1,389,848 13,940,663 959,642 11,008,395 III 9 06/01/26 1,036,423 3,213,272 2,098,477 1,602,671 160,267 7 1,442,404 15 383,067 971,639 11,980,035 12/01/26 1,036,423 3,213,272 2,098,477 1,602,671 160,267 1,442,404 16 825,471 947,941 12,927,975 10 06/01/27 1,036,423 3,293,604 2,176,849 1,662,527 166,253 1,496,274 18,321,744 959,360 13,887,335 12/01/27 , 1,036,423 3,293,604 2,176,849 1,662,527 166,253 1,496,274 19,818,018 935,961 14,823,296 11 06/01/28 1,036,423 3,375,944 2,257,181 1,723,878 172,388 1,551,491 21,369,509 946,830 15,770,125 12/01/28 1,036,423 3,375,944 2,257,181 1,723,878 172,388 1,551,491 22,920,999 923,736 16,693,862 12 06/01/29 1,036,423 3,460,342 2,339,521 1,786,764 178,676 1,608,088 24,529,087 934,081 17,627,943 12/01/29 1,036,423 3,460,342 2,339,521 1,786,764 178,676 1,608,088 26,137,175 911,299 18,539,242 13 06/01/30 ! 1,036,423 3,546,851 2,423,920 1,851,222 185,122 1,666,100 27,803,274 921,145 19,460,387 12/01/30 1,036,423 3,546,851 2,423,920 1,851,222 185,122 1,666,100 29,469,374 898,678 20,359,066 14 06/01/31 1,036,423 3,635,522 2,510,428 1,917,291 191,729 1,725,562 31,194,936 908,051 21,267,116 12/01/31 1,036,423 3,635,522 2,510,428 1,917,291 191,729 1,725,562 32,920,498 885,903 22,153,019 15 06/01/32 1,036,423 3,726,410 2,599,100 1,985,012 198,501 1,786,511 34,707,009 894,824 23,047,843 _ 12/01/32 1,036,423 3,726,410 2,599,100 1,985,012 198,501 1,786,511 36,493,519 872,999 23,920,841 16 06/01/33 1,036,423 3,819,570 2,689,988 2,054,426 205,443 1,848,983 38,342,503 881,489 24,802,331 12/01/33 1,036,423 3,819,570 2,689,988 2,054,426 205,443 1,848,983 40,191,486 859,990 25,662,320 17 06/01/34 1,036,423 3,915,060 2,783,148 2,125,575 212,558 1,913,018 42,104,504 868,071 26,530,391 _ 12/01/34 1,036,423 3,915,060 2,783,148 2,125,575 212,558 1,913,018 44,017,522 846,899 27,377,290 18 06/01/35 1,036,423 4,012,936 2,878,637 2,198,503 219,850 1,978,653 45,996,175 854,591 28,231,881 12/01/35 1,036,423 4,012,936 2,878,637 2,198,503 219,850 1,978,653 47,974,828 833,747 29,065,628 19 06/01/36 1,036,423 4,113,260 2,976,514 2,273,255 227,325 2,045,929 50,020,757 841,069 29,906,697 12/01/36 1,036,423 4,113,260 2,976,514 2,273,255 227,325 2,045,929 52,066,687 820,555 30,727,252 20 06/01/37 ' 1,036,423 4,216,091 _ 3,076,837 2,349,875 234,987 2,114,887 54,181,574 827,524 31,554,775 12/01/37 1,036,423 4,216,091 3,076,837 2,349,875 234,987 2,114,887 56,296,461 807,340 32,362,115 21 06/01/38 1,036,423 4,321,493 3,179,669 2,428,410 242,841 2,185,569 58,482,030 813,973 33,176,088 12/01/38 1,036,423 4,321,493 3,179,669 2,428,410 242,841 2,185,569 60,667,600 794,120 33,970,208 22 06/01/39 I 1,036,423 4,429,531 3,285,071 2,508,909 250,891 2,258,018 62,925,618 800,433 34,770,641 12/01/39 1,036,423 4,429,531 3,285,071 2,508,909 250,891 2,258,018 65,183,636 780,910 35,551,552 23 06/01/40 1,036,423 4,540,269 3,393,108 2,591,421 259,142 2,332,279 67,515,915 786,920 36,338,471 12/01/40 1,036,423 4,540,269 3,393,108 2,591,421 259,142 2,332,279 69,848,194 767,726 37,106,198 24 06/01/41 1,036,423 4,653,776 3,503,846 2,675,995 267,599 2,408,395 72,256,589 773,446 37,879,644 12/01/41 1,036,423 4,653,776 3,503,846 2,675,995 267,599 2,408,395 74,664,984 754,581 38,634,225 25 06/01/42 1,036,423 4,770,120 3,617,353 2,762,683 276,268 2,486,415 77,151,400 760,025 39,394,251 • 12/01/42 1,036,423 4,770,120 3,617,353 2,762,683 276,268 2,486,415 79,637,815 741,488 40,135,739 26 06/01/43 1,036,423 4,889,373 3,733,698 2,851,539 285,154 2,566,385 82,204,200 746,670 40,882,409 12/01/43 1,036,423 4,889,373 3,733,698 2,851,539 285,154 2,566,385 84,770,585 728,458 41,610,867 94,189,539 9,418,954 84,770,585 84,770,585 1,610,867 41,610,867 NPV,46,234,297 I 4,623,430 I 41,610,867 Northstar Transit Station District 2013b(2).xlsx Prepared by Sevenich,Butler,Gerlach&Brazil,Ltd. 3/19/2013 CSfC. EXHIBIT I - C TIF #22 Cumulative Modified TIF Plan Budget ESTIMATED TAX INCREMENT REVENUES (from tax increment generated by the district) Tax increment revenues distributed from the county $ 94,200,000 Interest and investment earnings 500,000 Sales/lease proceeds 1,000,000 Market value homestead credit Total Estimated Tax Increment Revenues $ 95,700,000 ESTIMATED PROJECT/FINANCING COSTS • (to be paid or financed with tax increment) Project Costs Land/building acquisition $ 12,280,000 Site improvements/preparation costs 10,000,000 Utilities 1,000,000 Other qualifying improvements 20,000,000 Construction of affordable housing Small city authorized costs, if not already included above Administrative costs 9,420,000 Estimated Tax Increment Project Costs $ 52,700,000 Estimated Financing Costs Interest expense 43,000,000 Total Estimated Project/Financing Costs to be Paid From TI $ 95,700,000 0 ESTIMATED FINANCING Total amount of bonds to be issued 51,200,000 • TIF Budget-22.xlsx I -C-16 • INFORMATIONAL ITEM HRA MEETING OF APRIL 4, 2013 CITY OF FRIDLEY Date: March 28, 2013 To: Darin Nelson, Interim City Manager/ Finance Director From: Paul Bolin, Asst. Executive HRA Director Subject: Gateway Northeast Update 6071 University/ McNutt: Dave McNutt reported the following on March 14th, "I wanted to provide you with an update. To date, I've spoken with quite a few different contacts 1 have about leasing the new location. Many of my contacts include: Subway, Starbucks, Little Caesars, Caribou Coffee, Potbelly's, etc and I haven't had anyone express any interest thus far. I also have had MidAmerica Group working on leasing the location for me as well. The comments I keep getting back are twofold. First, the retailers I've spoken to tell me I'm on the wrong side of the road. They've indicated an interest in being on the "going to • work"side. I also get feedback that until the new retail space by Cub Foods fills up 1 likely won't have any solid prospects. Having said that I am continuing to prospect both individually as well as through MidAmerica Group. 1 still believe in this location and would like to make something work. I'm honestly just surprised at how long it's taken. I really felt we'd have a couple interested tenants at this point. " Not one to easily give up, Dave McNutt reported on March 24th, "I wanted to circle back around with you and let you know that I have been in contact with Northco to help me in pre-leasing the space. I recognize the exclusive negotiation is up the end of April but 1 did want to let you know that I have been in contact with another property management company and I will be signing an agreement with them. I am hopeful we can make some progress in the next 30-days." Lyons / Trident Group: The Lyons/Trident Group, developers of the "Landmark" senior building located at Mississippi Street and Old Central Avenue, are extremely interested in developing the property along University Avenue. They have been in regular contact with Staff and are simply waiting for Dr. Lemay to make a decision, so they can decide which development scenario to move forward. Their development is not dependent on obtaining the Animal Hospital property. However, if it were available, it would provide an • opportunity for more housing units. • • Fridley HRA Housing Program Summary Cover Page April 4, 2013 HRA Meeting Report Description Loan Application Summary Loan application activity (e.g. mailed out, in process, closed loans) for past month and year-to-date. Loan Origination Report Loan originations for past month and year-to-date. Remodeling Advisor Shows the number of field appointments scheduled and completed for the Remodeling Advisor Services administered by Center for Energy and Environment. • • HA—Paul's DOcurnents\HRA\HRA Agenda Items\2013\April 4,2013\Housing Program CoverPageApri113.docx J Fridley Loan Summary Report ce e Activity for Period 2/28/2013 - 3/29/2013 Center for Energy and Environment Application packets requested/mailed: This period: r 5 Year-to-Date: 14 Residential Advisor Visits: This period: 1 Year-to-Date: 0 Loans currently in process for residents in your City: 2 Closed Loans This period: Year-to-Date: Fridley Units Units Closed End 0.00 0 32,545.00 1 Last Resort 0.00 0 6,323.00 1 Total 0.00 0 38,868.00 2 Leveraged Funds This period: Units Year-to-Date: Units 0 0 Total 0 0 Types of Improvements Financed YTD #of Projects %of Total Types of Properties Financed YTD # %of Total Single Family Residence 2 100.00 Heating System 1 50.00 Other Interior Improvements 1 50.00 III • • • • • Community Reinvestment Fund,Inc. Collectinv.rpt Collection Detail By Investor 4/4/2013 8:26:40 AM Pa 1 ge LoanID Borrower Name Legal Status Warning Status Critical Warning Collector COMMENT Property City State Home Phone# Work Phone# Loan Type ARM 2nd Mtg Investor Frid HRA-City of Fridley 0000002324 SR-FLC SRFC CS-Special JSmith RFD-Death Primary borrower,Senior mortgage lien Fridley MN (763)571-6385 (763)571-8659 Other Yes foreclosure sale held in November 2012,reverted back Due Date 1/4/2012 Payment None Prin Bal $3,749.21 Late Charges $49.80 Total Pmts 16 $1,062.88 to bank for$117,988. Redemption expires in May Last Pmt Rec 12/28/2011 Stop Date Esc Bal $0.00 NSF Fees $0.00 Total Fees $49.80 2013. Borrower died without a will,heirs were Acquired Pmt Freq Monthly Times Late 29 Legal Fees $0.00 Unap Bal(-) $0.00 attempting to open probate. Letters continue to be sent Pmt Coupon Pay Habits 353425333033 Other Fees $0.00 C/O relative there has been no recent contact. Total Due $1,112.68 Credit Score Credit Score Date Credit Score Provider 0000002333 i BKDischg CS-Second Liens Borrower again,requested her loan be"extinguished" Fridley MN Other Yes as she is now delinquent on the first mortgage which Due Date 10/25/2005 Payment None Prin Dal $32,710.93 Late Charges $884.66 Total Pmts 90 $17,889.30 was modified under HAMP. We sent a letter requesting Last Pmt Rec 11/9/2005 Stop Date Esc Bal $0.00 NSF Fees $0.00 Total Fees $884.66 financial information and documentation supporting her Acquired Pmt Freq Monthly Times Late 90 Legal Fees $0.00 Unap Bal(-) $0.00 claim. We have no phone numbers and refuses to Pmt Coupon Pay Habits 04 Other Fees $0.00 provide one. Borrower obtained discharge through Total Due $18,773.96 bankrupcty 11/2009-refuses to pay. We believe the your lien to be valid. Credit Score Credit Score Date Credit Score Provider 0000002338 BKDischg DO NOT ATTEMPT TO COLLECT/CONTACT BWR- CS-Second Liens No change in status-borrowers were granted discharge Fridley MN Other Yes in 06/2010,however,they still own the property. We Due Date 2/9/2009 Payment None Prin Bal $18,736.06 Late Charges $319.50 Total Pmts 50 $6,391.50 are prohibited from collection activity,however,if they Last Pmt Rec 12/29/2008 Stop Date Esc Bal $0.00 NSF Fees $0,00 Total Fees $319.50 sell the property a release of this lien will be required. Acquired Pmt Freq Monthly Times Late 50 Legal Fees $0.00 Unap Bal(-) $0.00 Pmt Coupon Pay Habits 000000000000 Other Fees $0.00 Total Due $6,711.00 Credit Score Credit Score Date Credit Score Provider Investor Totals #Loans 3 Grand Total #Loans 3 • • • CITY OF FRIDLEY BUILDING INSPECTION MONTHLY REPORT MARCH S 2013 2012 2013 2012 MARCH MARCH Y-T-D Y-T-D RESIDENTIAL 36 45 74 87 COMMERCIAL 5 9 20 16 INDUSTRIAL 0 0 0 0 INSTITUTIONAL 0 0 1 0 MULTI FAMILY DWELLING 0 0 0 0 PUBLIC FACILITY 0 0 0 0 TOWNHOUSE 0 0 0 0 DUPLEX 0 0 0 0 SIGNS 0 0 7 8 WRECKING 0 0 3 0 TOTAL 41 54 105 111 RESIDENTIAL HEATING 16 12 65 41 PLUMBING 30 30 86 51 ELECTRICAL 25 28 172 64 TOTAL 71 70 323 156 COMMERCIAL HEATING 1 10 10 12 PLUMBING 6 7 16 10 ELECTRICAL 10 17 38 35 TOTAL 17 34 64 57 GRAND TOTAL 129 158 492 324 2013 2012 2013 2012 MARCH MARCH Y-T-D Y-T-D RESIDENTIAL $211,153.00 $231,572.00 $481,639.00 $508,604.65 COMMERCIAL 782,604.00 1,288,500.00 $2,261,014.00 $1,539,428.00 INDUSTRIAL 0.00 0.00 $0.00 $0.00 INSTITUTIONAL 0.00 0.00 $25,000.00 $0.00 MULTI FAMILY DWELLING 0.00 0.00 $0.00 $0.00 PUBLIC FACILITY 0.00 0.00 $0.00 $0.00 TOWNHOUSE 0.00 0.00 $0.00 $0.00 DUPLEX 0.00 0.00 $0.00 $0.00 SIGNS NO VALUE FOR SIGNS OR WRECKING WRECKING NO VALUE FOR SIGNS OR WRECKING TOTAL $993,757.00 $1,520,072.00 $2,767,653.00 $2,048,032.65 COMMERCIAL HEATING $250.00 $1,188,319.00.. $311,494.00 $1,202,419.00 PLUMBING 125,550.00 123,850.00 $225,377.00 $133,650.00 .CTRICAL NO VALUE FORELECTRICAL PERMITS TOTAL $125,800.00 $1,312,169.00 $536,871.00 $1,336,069.00 Additional $23,650.00 GRAND TOTAL $1,119,557.00 $2,832,241.00 $3,304,524.00 $3,407,751.65 March 2013 Fridley HRA Checking Accounts Payable Check Resgister Date Check# Vendor Invoice# Description Code Amount 3/13/2013 Sevenich,Butler,Gerlach&Brazil Administration Fees-Greg Johnson 100-0000-430-4330 1,125.00 1,125.00 3/18/2013 Anoka County Property Taxes-587 Ironton St NE 501-0000-430-4350 1,051.96 1,051.96 3/13/2013 Wilson Development Services,LLC GWNE-Animal Hospital Relocation-LeMay 474-0000-430-4520 1,738.20 1,738.20 3/27/2013 Anoka County Property Taxes-22-30-24-11-0023-NS 100-0000-430-4350 388.83 Property Taxes-22-30-24-11-0022-NS 100-0000-430-4350 388.83 Property Taxes-14-30-24-31-0088-C HALL 100-0000-430-4350 545.16 Property Taxes-14-30-24-31-0089-C HALL 100-0000-430-4350 53.23 Property Taxes-14-30-24-31-0090-C HALL 100-0000-430-4350 155.53 Property Taxes-14-30-24-31-0095-C HALL 100-0000-430-4350 172.86 Property Taxes-23-30-24-21-0135-GWNE 474-0000-430-4350 418.80 Property Taxes-03-30-24-23-0237-HRP 501-0000-430-4350 53.23 2,176.47 3/24/2013 Sun Newspapers Legal Publ-HRP lot sale-561 Ironton St NE 501-0000-430-4334 51.78 51.78 86,892.96