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HomeMy WebLinkAbout10.C.4. Facade Improvement Program � �� �, Counc i � I O .C .y . CITY OF SHAKOPEE Memorandum TO: Mayor and City Council Economic Development Authority Mark McNeill, City Administrator/EDA Executive Director FROM: R. Michael Leek, Community Development Director SUBJECT: Fa�ade Improvement Program MEETING DATE: August 21, 2012 REQUESTED ACTION: The EDA is asked to recommend to the City Council that it re-implement a fa�ade improvement program as recommended by the Economic Development Advisory Committee (EDAC). Based on the recommendation of the EDA, the City Council is asked to offer and pass a motion approving the re-implementation of the fa�ade improvement program either as presented or with changes that the EDA and/or City Council has suggested. Attached for EDA and Council are the following related draft documents; 1. Brochure; 2. Application; 3. Review Criteria Matrix; INTRODUCTION: From the early 1990's until 2011, the City of Shakopee operated a small program to help fund improvements to businesses first in the Downtown and later in the First Avenue Corridor. Several months ago, Mayor Tabke and Councilor Whiting requested that the EDAC discuss and recommend alternatives for the EDA/City Council to consider in reinstating a loan program. The recommendations contained below are the result of EDAC discussions over the last few months. DISCUSSION: In the mid-1990s the fa�ade improvement program was a pure grant program that was first available in the Downtown/B-3 Zone. At one time it was expanded to include not H:ACC\2012\8-21-12\Improvement loan program_08212012.docx 1 only the First Avenue corridor and part of Marschall Rd. Later the program was converted to a loan program, and its use in the Marschall Road/CR 17 corridor was curtailed. The loans, however, have only been repayable in the event that the applicant does not own/operate the business for at least five (5) years. In its most recent iteration, the program was a 50-50 matching program, and the cap on the forgivable "loans" from the City was $25,000.00. For the 2012 budget,the Council indicated a desire to revisit the nature and size of the loans (presumably to look at making them non-forgivable loans that would be repaid), as well as potentially making a reduction in the amount of such loans. In addition, there was some concern about how frequently businesses were eligible to receive loans. However, that discussion did not take place, and thus no funding was included in the EDA 2012 budget for the program. Initially, the program was purely for fa�ade improvements in the Downtown, and a very specific set of architectural guidelines was established for the type of improvements that should be funded. (See attached copy of guidelines) A later version addressed the First Avenue area, which does not contain the same concentration of"historic" structures. By 2011, the program was expanded to allow use for interior improvements and site improvements as well. For the EDAC's information, I searched for information on Improvement loan programs, and came up with information from three other cities (Belle Plaine, Farmington and Savage). As can be seen from attached table, the loan limits range from $1,500.00 (Bel�e Plaine)to $25,000.00 (Shakopee). Two of the programs are grant programs, and for the other two the loans are forgivable. In no case does it appear that repayment is routinely required. The only limitation I found on frequency of loans was in Farmington, which allows one per fiscal year. On March 21, 2012 the EDAC began a discussion regarding whether to reinstitute an improvement loan/grant program. The EDAC completed its discussion at its July 18tn meeting. Based on the changes recommended by the EDAC, staff has prepared the attached documents for EDA and City Council information. Funding: Funding for any improvement loan or grant program would come from the Economic Development Authority (EDA) budget. Funds available for this, or other programs, would come from the EDA levy, which for the 2012 budget is $80,000. Answers to some of the questions posed above would determine the ultimate potential availability and H:\CC\2012\8-21-12\Improvement loan program_08212012.docx 2 impact of such program. An increase for this, or other, EDA programs would have to be addressed in the 2013 budget process, which is currently underway. RELATIONSHIP TO CITY GOALS: This item relates to Goal B. Positively manage the challenges and opportunities presented by growth, development and change. EDAC RECOMMENDATION: The EDAC has recommended reinstatement of the fa�ade improvement program as presented. Specifically and notably, it has recommended the following; • That the program be made available to businesses in commercial zones throughout Shakopee; • That the 'loan' be forgivable as in the past; • That the maximum loan be $15,000.00, and that the applicant provide a 60% match to the loan amount; • That the loans be available for improvements to building facades; • That the application and evaluation criteria be modified as evidenced on the attachments; • That funding for the program be increased to $150,000.00 in 2013. ALTERNATIVES: EDA: 1. Recommend to the City Council the reinstatement of the City's fa�ade improvement program as recommended by the EDAC; 2. Recommend to the City Council the reinstatement of the City's fa�ade improvement program with further revisions; 3. Table this item for additional information. CITY COUNCIL: 1. Offer and pass a motion directing staff to implement the City's fa�ade improvement program as recommended by the EDAC; 2. Offer and pass a motion directing staff to implement the City's fa�ade improvement program with further revisions as directed by the City Council; 3. Table this item for additional information. REQUESTED ACTION: EDA: H:\CC\2012\8-21-12\Improvement loan program_08212012.docx 3 The EDA is asked to offer and pass a motion recommending to the City Council the reinstatement of the City's fa�ade improvement program as recommended by the EDAC or with revisions as suggested by the EDA. CITY COUNCIL: The City Council is asked to offer and pass a motion directing staff to proceed with the reinstatement of the City's fa�ade improvement program as recommended by the EDAC or with revisions as suggested by the EDA and/or City Council. R. Michael Leek Community Development Director H:\CC\2012\8-21-12\Improvement loan program_08212012.docx 4 Introduction Eligible Improvements Projects that restore or enhance a street- The City of Shakopee is proud of its historic facing fa�ade. In the case of buildings withi downtown and other commercial areas, and- the Central Business (B-3) Zone, projects CITY of SHAKOPEE would like to encourage property owners to should meet the standards established in the maintain and invest in their properties in order "Downtown Shakopee Design Guidelines.' to preserve them as a profitable businesses and attractive destinations for years to cou�e. Examples of project work includes: FA�A�E • Restoration or Replacement of Win- That is why the City of Shakopee is making dows & Doors IMPROVEMENT deferred loans available through this Fa�ade • Removal of Vinyl Siding, Artificial Improvement Program. Brick or other modern coverings pR�G�M • Restoration and Repair of Brick Fa- Deferred Loans cades, Wooden Trim and Moldings • Purchase of New Awnings or Signage Through the City's Economic Development Defei-�-ed Loans for the Authority, Shakopee is offering deferred loans To Apply Restoration and Enhancement of to fund up to 40 percent of the costs of a resto- Shakopee's ration or enhancement project, up to a maxi- Application materials are available online at Commercial Districts mum of$l 5,000 per property. The loans are forgiven on a sliding-scale over a five-year pe- www.ei.shakopee.mn.us riod if the property owner does not sell the property during that time. Interested property owners are encouraged t� apply now. There is no application deadline: Eligible Properties however, funds are limited and will be awarded to qualifying applicants on a first- The loan program is open to commercial prop- come, first-serve basis. Applications will bE �� erties in Shakopee's B-1, B-2, B-3, Neighbor- reviewed by a committee consisting of repre � �� hood Commercial and Community Commer- sentatives of the City's EDAC, HPAC, - --. --- - �---.. .-.. '���� cial zones (see map on reverse). In the Down- Chamber of Commerce and city staff. Final �•�,�, ���� ��'���� town and First Avenue Corridor, this includes decisions on applications are made by the �°'�� properties that may be commercial on the first City EDA. ��'���`��-�'���������-�``�'��`-���`�"� floor and residential on the upper floors. For more information, please contact: Eligible Applicants Mark Noble, Pla��ner II Applications inust be submitted by the proper- City of Shakopee ty owner(s), or the owner(s) and business 129 S. Holmes St., Shakopee, MN 55379 tenant together. (952)233-9348 / mnoble@ci.shakopee.m��.us 1 CITY OF SHAKOPEE Fa�ade Improvement Program Application for Deferred Loan I. Applicant Information Name of Applicant Applicant's primary agent Date of Birth Name of Co-Applicant/Property Owner Date of Birth Tax ID # (if applicable) Address Street City State Zip Telephone # ( ) ( ) Home Work II. Property Information Address of Building to be Rehabbed Property Identification Number (PIN) Contact Person Telephone # Cell Phone Number E-mail address Age of Building Number of Stories Date of Last Exterior Renovation (if applicable) Estimated Market Value Current Annual Property Taxes Gross area of building sq. ft. (exclude non-habitable space such as attics, basements, etc.) H:\CC\2012\8-21-12\facade loan application_draft_08212012.doc 2 Gross area of non-residentiai space (include commercial, office, etc.) Existing building use(s): Proposed building use(s): III. Ownership Information Ownership Interest in property to be improved: ❑ Contract for Deed ❑ Title "Free and Clear" ❑ Mortgage ❑ Other: Specify: Name(s) on Title: Specify ownership interest of each individual named on the title Qoint, tenants-in-common, life estate, partnerships, corporations, etc): Amount of outstanding principal owed on building: $ Please attach a copy of the most recent Property Tax Statement from the County Assessor's Office and Proof of Insurance on the building. IV. Estimated Rehabilitation Costs and Requested Loan Information Please describe proposed improvements: (please attach additional pages, including any photo of existing building prior to planned improvements; renderings and/or plan drawings showing proposed improvements; contractors' bids or proposals obtained by the applicant. Please itemize costs when possible.) Describe the expected impact of the proposed improvements on adjacent or nearby businesses. (In other words, do you have reason to know or believe that other business owners are likely to improve their properties if the outcome of your improvements is positive.) H:\CC\2012\8-21-12\facade loan application_draft_08212012.doc 3 Estimated Total Cost of Proposed Rehabilitation Work: $ Requested Loan Amount from the Fa�ade Improvement Program — Loan amount may be up to 40% of the total construction costs, with a maximum of$15,000. $ Source of Remaining Funds ❑ Personal Savings ❑ Private-Sector Loan (Institution: ) ❑ Other submittals: (eg., pro forma, profit and loss statement, personal guarantees) Building Permits & Inspections Applicant is responsible for obtaining appropriate building permits, per the Shakopee City Code. In the case of improvements that do not require a city-issued building permit, the applicant must submit the name and state license number of the contractor completing the work and agree to an inspection of the work by a city building official. Loan Disbursement Awarded loan funds will be dispersed to the applicant upon submittal of receipts or invoices for supplies purchased and work completed, and verification by the City that the receipts and invoices are bona fide. V. Certification City staff or other authorized representative of the City shall have the right to inspect the property to be improved at any time from the date of application upon giving notice to the owner and to occupants. H:\CC\2012\8-21-12\facade loan application_draft_08212012.doc 4 I/We certify that all statements on this application are true and correct to the best of my/our knowledge. I/We understand that any intentionai misstatements will be grounds for disqualification. I/We authorize program representatives the right to access the property to be improved for the purpose of the deferred loan program and to take photographs of the structure before and after rehabilitation. I/We further understand that I/we will make the final selection of the improvements to be made with the loan funds and that the contract for improvements will be solely between myself and the contractor(s). The administering agency will not be liable for the inadequate performance of the contractor(s). Applicant Date Co-Applicant Date H:\CC\2012\8-21-12\facade loan application_draft_08212012.doc 5 DATA PRACTICES ACT The following notice is provided for those applicants for the Shakopee Downtown Fa�ade Improvement Program that are individuals. The following does not apply in cases where the applicant is a non-individual, such as a corporation. (TENNESSEN WARNING) in accordance with the Minnesota Government Practices Act,the City of Shakopee is required to inform you of your rights as they pertain to the private information collected from you. Private data is that information which is available to you, but not to the public. The personal information we collect about you is private; however, your name, address and the amount or value of the approved loan funds are public. The information collected from you or from other agencies or individuals authorized by you is used to determine your eligibility for the Downtown Fa�ade Improvement Program. The dissemination and use of the private data we collect is limited to that necessary for the administration and management of the Downtown Fa�ade Improvement Program. Persons or agencies with whom this information may be shared include: 1. City of Shakopee personnel administering the Downtown Fa�ade Improvement Program. 2. Individuals charged by the city with reviewing applications and making recommendations to the Shakopee EDA. 3. Members of the Shakopee Economic Development Authority(only that information needed to approve the application for loan funds and/or payments to contractors). 4. Federal, State, County, local and contracted auditors. 5. The contract for deed holder(only that you are a loan recipient and the amount of the loan). 6. Law enforcement personnel in the cases of suspected fraud. 7.Those individuals or agencies to which you give your express written permission. Unless otherwise authorized by State statute or Federal law, other government agencies utilizing the reported private data must also treat the information as private. You may wish to exercise your rights as contained in the Minnesota Government Data Practices ACT. The rights include: 1. The rights to see and obtain copies of the data maintained on you, 2. To be told the contents and meaning of the data and, 3. To contest the accuracy and completeness of the data. To exercise these rights contact: , City of Shakopee, (952)233- I have read and understood the above information regarding my rights as a subject of government data. Date Applicant Co-Applicant H:\CC\2012\8-21-12\facade loan application_draft_08212012.doc 1 SHAKOPEE IMPROVEMENT (LOAN/GRANT) PROGRAM EVALUATION CRITERIA Draft 07/06/2012 Property Address and/or Property Identification Number(PIN: Property is in a commercial zoning district yes no (i.e. B-1, B-2, B-3, CC or NC) Property is in the Central Business (B-3) Zone. (Projects lo�ated in the B-3 Zone will be reviewed under the Downtown Design Guidelines) yes Y ' �no ��: ;' �:..,�, ,�,:-° e.:r. Property is used for commercial purposes y�5 y no �s .x:z ��� � �\ ����� Age of Building/Date of Construction �� ,�� ���,;,, k,X �� ���'�, Date of Last Exterior Renovation � £:.,. ���, : � : Property is in an area of the City where the investment may be likely to spur additional investment in adjacent or nearby commercial building (Provide a description of how further investment will be spurred `1. on) , �., ���. ���..c; ��.. �: Proposed prtt�ect is for restoration/renovatian of fa�ade elements visible from a public right-of-way '���:, YeS � � no Photo of Existing Build��.�nd Rendering of Improvements provided yes no � Description of proposed improvQments: z Total estimated cost of proposed work: Contractor's estimated cost of work submitted yes no Requested loan amount: Documentation regarding impact on the business of the improvements Documentation regarding impact on adjacent and/or nearby businesses��ommercial buildings �;y�. �,� � ��:. �K:is- s�t, Creditworthiness submittals F�� _�. �� : �� �;YS� .. �.. R ''^r� /�,� . .. �'�,Y, �c�, <!/ � yi'Y.;S. '4�s�� .. k q � ��,y��w, .:��� ��fi 5'" � � � _� �c.; `vn���� �����' �, >,. �� ��`� z�' �., _� S, �`- `� ��`�, K a, 1'.. a a y;�5� ��• :S`::, x ,`s_ �Z"'� �� \_". � :S' 3 EVALUATION MATRIX: FA�ADE IMPROVEMENT PROGRAM 1-point 2-points 3-points 4-points Zoning–Applies to NC, CC, B-1, B- 2, and Central Business (B-3) Fa�ade to be Adjacent to alley Adjacent to local Adjacent to Adjacent to improved street collector street or principal arterial 1 minor arterial Financial Pro Forma Profit and Loss i Other evidence Pro Forma and/or Information and Statement ' that the business Profit and Lost and guarantees 4 is presently Personal profitable Guarantees Documentation General statement Data regarding Data regardin�, Data regarding regarding impact regarding anticipated energy increase in ���� expected increase �._���.. of improvements improvements savings from the i number of visit��S� .in sales that are on the business having a salutary project > z�; � to the business expected to result effect �'�� � �#fiat are expected from the as a result of improvements "improvements Documentation General statement Identifies specific � Information Letters of regarding impact that it will have a businesses that regarding other recommendation on adjoining or positive impact. are interested in businesses that from other nearby businesses the project and are%developing adjacent or nearby investments in "„ � maybe making proposals, but businesses their buildings ���`' investments may be waiting to � F` ��': ° see the outcome �: �� , , �`��� y , � of the applicant s �, , � -;-� �:�;�= project. TOTAL << _�, 4 8 12 16 �, — Minimum score tt��,l�e,considered for a matching loan/grant=4 ��.,,_. � .�_ � Maximum possible sco `�~ 16 .,� ��� �� ,���5..� � t � � '. d