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HomeMy WebLinkAbout05 19 2014 EDA Report 7A Attach1 Scott County Community Development Agency EDI - Technical Assistance Grant Grant Application Applications are due June 2, 2014 by 4:00 pm. The applicant shall submit an executed original application and four (4) The application must be received no later than 4:00 p.m. on photocopies of the application. Monday, June 2, 2014 , at the Scott County CDA, Attn: Bill Jaffa, Executive Director - 323 South Naumkeag, Shakopee, Minnesota 55379. Project Title: Prior Lake Downtown Parking Analysis Lead Organization: City of Prior Lake Project Manager: Name Dan Rogness Address 1 4646 Dakota Street SE Address 2 City, ST, Zip Prior Lake, MN 55372 Phone 952-447-9813 Fax 952-447-4245 Email drogness@cityofpriorlake.com Project Partners: Please list any project partners that will help fund and complete this project. 1. Name / Title Frank Boyles, Executive Director Organization Prior Lake Economic Development Authority (EDA) 2. Name / Title Organization 3. Name / Title Organization Project Summary: () Please provide a 100-word description of your proposal. Prior Lake has completed various studies of its downtown area related to building/site design, transportation, parking and redevelopment. The city’s Town Center Zoning District allows buildings from boundary to boundary without on-site parking minimums. Studies have concluded that as future redevelopment occurs, a greater emphasis must be given to structured parking. This analysis will build upon previous studies by identifying downtown sites that will best accommodate future public parking demand, including structured parking facilities. Its conclusion will identify the city’s best parking strategy by prioritizing sites that meet criteria related to locational demand, site availability and size, and total development cost. Financial Summary: (): Please provide a summary of your complete budget, from page 2. Activity 1: Evaluate existing/recent downtown studies $5,400 Activity 2: Develop site options for public parking lots/ramps $10,200 Activity 3: Evaluate and prioritize site options based on a list of criteria $10,200 Activity 4: Provide conclusions, including project funding options $5,200 Activity 5: [Describe] $0 Total Request: $15,000 Grant ($31,000 total) Page 1 EDI - Technical Assistance Grant Budget Worksheet Project Title: Prior Lake Downtown Parking Analysis Activities & Tasks Cost Categories (a) Grant (b) Local cash match* (c) Local staff time (d) Total estimate 1) Activity One $2,500 $2,500 10 hrs @ $40 = $400 $5,400 Evaluate existing/recent downtown studies 2) Activity Two $5,000 $5,000 5 hrs @ $40 = $200 $10,200 Develop site options for public parking lots/ramps 3) Activity Three $5,000 $5,000 5 hrs @ $40 = $200 $10,200 Evaluate and prioritize site options based on a list of criteria 4) Activity Four $2,500 $2,500 5 hrs @ $40 = $200 $5,200 Provide conclusions, including project funding options 5) Totals $15,000 $15,000 $1,000 $31,000 * Local cash match of 1:1 is required and does not include in-kind staff time. Page 2 Scott County Community Development Agency EDI - Technical Assistance Grant Competitive Criteria Responses Max award per project: $30,000 Threshold Criteria: Applicants must first meet the threshold criteria to be considered for funding. 1.Application must be approved by the respective city council by resolution that includes the Required Resolution Provisions (attached). 2.Application must demonstrate a minimum leverage rate of 1 to 1 ($1 of other funds for every $1 of Technical Assistance Grant). If the application meets all threshold criteria, the application will then be reviewed and ranked on the following competitive criteria. Please limit responses to three (3) pages in length and describe how the proposed project fits each of the criteria indicated below. 1)Economic Benefit: The project should have a defined impact on the local economy. This impact is measurable through growth/projected growth in property taxes and new and/or retained Livable Wage Jobs ($14.00 per hour). [15 Maximum Points] 2)Project Understanding: Applications should be consistent with the overall goals and objectives of the SCALE Unified Economic Development, Land Use, and Transportation Plan Charter. Projects should promote and parallel the outcomes of the greater SCALE effort. [15 Maximum Points] 3)Transferability: The ability to replicate or apply either the project itself or the information collected from the project to other communities. [10 Maximum Points] 4)Innovation: New or innovative projects to enhance economic development are encouraged. [10 Maximum Points] Page 3 REQUIRED RESOLUTION PROVISIONS WHEREAS, the City of Prior Lake has identified a proposed project within the City that meets the Scott County Community Development Agency (CDA) Economic Development Incentive Grant program’s purposes and criteria; and WHEREAS, the City has established a Development or Redevelopment Plan of which the proposed project is a component; and WHEREAS, the City has the capability and capacity to ensure the proposed project be completed and administered within the Economic Development Incentive Grant program guidelines; and WHEREAS, the City has the legal authority to apply for financial assistance; and WHEREAS, the City is supportive of enhancing economic development opportunities that will serve to create jobs, enhance the tax base and improve the lives of Scott County residents. NOW THEREFORE BE IT RESOLVED that the City of Prior Lake approves the application for funding from the Scott County CDA Economic Development Incentive Grant program. BE IT FURTHER RESOLVED that upon approval of its application by the Scott County CDA, the Mayor and , the City Manager , are hereby authorized to execute such agreements as are necessary to receive and use the funding for the proposed project. Page 4