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HomeMy WebLinkAbout9G - Jeffers Waterfront 16200 Eagle Creek Avenue S.E. Prior Lake, MN 55372-1714 MEETING DATE: AGENDA #: PREPARED BY: AGENDA ITEM: DISCUSSION: CITY COUNCIL AGENDA REPORT AUGUST 7,2006 9G PAUL SNOOK, ECONOMIC DEVELOPMENT COORDINATOR CONSIDER APPROVAL OF A RESOLUTION IDENTIFYING THE NEED FOR LIVABLE COMMUNITIES DEMONSTRATION ACCOUNT FUNDING AND AUTHORIZING AN APPLICATION FOR GRANT FUNDS Introduction The City Council is being asked to approve a resolution authorizing an application for grant funding in the amount of $1.9 million from the Metropolitan Council's Livable Communities Demonstration Account (LCDA). The grant funding would support commercial development at the Jeffers Waterfront development at the corner of County Roads 21 and 42 including a 60 space park and ride structure, transit station, two bus shelters, and a public parking structure to serve the development. The total project development cost is estimated at $74 million. There is no City funding match required for this grant. Histo~ The Livable Communities Demonstration Account was established by the Livable Communities Act, Minnesota Statutes Chapter 473.25 (b). The funds and program are administered by the Metropolitan Council. The Demonstration Account provides funds to development or redevelopment projects that connect development with transit, intensify land uses, connect housing and employment, provide a mix of housing affordability, and provide infrastructure to connect communities and attract investment. This is the second consecutive year that the City has applied for LCDA funding. Staff worked with Carolyn Krall, AlA of Landform, and Wensmann to complete the application (see attachment) which was submitted July 17, 2006. Ms. Krall submitted the grant application last year, and has submitted applications for numerous projects under the Livable Communities Program. She has also designed several similar projects that received funding from the program. Current Circumstances The local resolution of support is due to the Metropolitan Council August 17, 2006. After the resolution is submitted, the Metropolitan Council will do the following: July-August: Metropolitan Council staff will receive applications and conduct technical reviews of proposals and Step 1 evaluation process. www.cityofpriorlake.com ..Mfuh~%2:'447~42'3(Ff) .ft~~52.44 7.4245 ISSUES: ,,\ f";:, August-November: The Livable Communities Advisory Committee conducts the Step 2 evaluation process and selection process and recommends funding awards. November 20, 2006: Funding recommendations presented to Community Development Committee. December 4, 2006: The Committee recommends grant awards. December 28, 2006: Metropolitan Council awards grants. Conclusion The proposed project at Jeffers Waterfront and grant application appear to meet many of the funding requirements of the grant program. If approved the grant would provide needed funds to the project to achieve a transit-oriented, compact and pedestrian friendly urban village at the corner of County Roads 21 and 42. The resolution approving the grant application is a "boilerplate" document supplied by the Metropolitan Council. The resolution states, in part, that the funding is sought because "the project will not occur solely through private or other public investment in the reasonably foreseeable future and will not occur within two years after the grant award unless LCDA funding is made available for the project at this time". According to the grant request prepared by the developer "without the funding to act as an incentive, public structured parking will not be feasible". Since the staff has no way to verify this statement, we are relying upon the veracity of the developer and their consultant who also assisted with the application. If all or a portion of this grant is actually awarded, the City Council would need to authorize acceptance of the funds on behalf of Wensmann. The grant funds would actually be approved for the City of Prior Lake and the City would need to transfer the funds to Wensmann Development in accordance with the grant program requirements and in accordance with the City's Business Subsidy Policy. Wensmann has indicated it will want the City to resubmit the application in 2007 if unfunded in 2006. The City will need to weigh the needs of Wensmann as well as its own plans for downtown parking structures. However, the submission of this grant in future years will not jeopardize the City's ability to obtain additional funds from the LCDA program for city parking structures in the downtown area. Competition for this program is high and there are limited funds. Historically, one in three project applications are funded, and in most instances applications are submitted multiple times (2-3 consecutive years) before being funded. There is $8.8 million available under this program for 2006 applications. If funding is not approved the application can be resubmitted again in 2007. The attached resolution of authorization is the process required by the Metropolitan Council. The resolution sets forth findings that the City Council should concur with before they consider adoption. The grant application 'Of; .'- prepared by the developer and consultant addresses these findings. Support of the grant application and project is consistent with the City s Comprehensive Plan and 2030 Vision and Strategic Plan. FINANCIAL IMPACT: The financial impact to the City is minimal. If the grant were approved it would be transferred to Wensmann in accordance with the grant program requirements and Business Subsidy Policy. The City would be responsible for assuring proper administration reporting and legal compliance with any applicable laws and regulations which apply to this grant. ALTERNATIVES: 1. Approve Resolution 06 xx authorizing the grant application as described herein. 2. Deny Resolution 06 xx and withdraw the application. RECOMMENDED MOTION: Alternative 1. ATTACHMENTS: 1. Resolution 06 xx 2. Livable Communities Demonstration Account Grant Application Reviewed by: \tJ. 16200 Eagle Creek Avenue S.E. Prior Lake, MN 55372-1714 RESOLUTION 06-xx A RESOLUTION IDENTIFYING THE NEED FOR LIVABLE COMMUNITIES DEMONSTRATION ACCOUNT FUNDING AND AUTHORIZING AN APPLICATION FOR GRANT FUNDS Motion By: Second By: WHEREAS, the City of Prior Lake is a participant in the Livable Communities Act's Housing Incentives Program for 2006 as determined by the Metropolitan Council, and is therefore eligible to apply for Livable Communities Demonstration Account funds; and WHEREAS, the City has identified a proposed project within the City that meets the Demonstration Account's purposes and criteria and is consistent with and promotes the purposes of the Metropolitan Livable Communities Act and the policies of the Metropolitan Council's adopted metropolitan development guide; and WHEREAS, the City has the institutional, managerial and financial capability to ensure adequate project administration; and WHEREAS, the City certifies that it will comply with all applicable laws and regulations as stated in the grant agreement; and WHEREAS, the City agrees to act as legal sponsor for the project contained in the grant application submitted on July 17, 2006; and WHEREAS, the City acknowledges Livable Communities Demonstration Account grants are intended to fund projects or project components that can serve as models, examples or prototypes for development or redevelopment projects elsewhere in the region, and therefore represents that the proposed project or key components of the proposed project can be replicated in other metropolitan-area communities; and WHEREAS, only a limited amount of grant funding is available through the Metropolitan Council's Livable Communities Demonstration Account during each funding cycle and the Metropolitan Council has determined it is appropriate to allocate those scarce grant funds only to eligible projects that would not occur without the availability of Demonstration Account grant funding. NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE, MINNESOTA as follows: 1. The recitals set forth above are incorporated herein. 'iNWW.Qityofpriorlake.com Phone 952.447.4230 / Fax 952.447.4245 2. The City finds that it is in the best interests of the City's development goals and priorities for the proposed project to occur at this particular site and at this particular time. 3. Finds that the project component(s} for which Livable Communities Demonstration Account funding is sought: a. will not occur solely through private or other public investment within the reasonably foreseeable future; and b. will not occur within two years after a grant award unless Livable Communities Demonstration Account funding is made available for this project at this time. 4. Represents that the City has undertaken reasonable and good faith efforts to procure funding for the project component for which Livable Communities Demonstration Account funding is sought but was not able to find or secure from other sources funding that is necessary for project component completion within two years and states that this representation is based on the following reasons and supporting facts: a. The City has researched potential funding sources, and finds no grant programs that are applicable to the requested funding components of structured parking, transit stations and bus shelter. Use of local taxes or revenue bonds is not likely to be supportable, politically or fiscally given the public projects already underway (new Police Station and City Hall); and b. The City has researched potential funding sources, and find no other County, regional or State funding programs that are applicable to the requested funding components of structured parking, transit stations and bus shelter. 5. The City Council authorizes the City Manager to submit on behalf of the City an application for Metropolitan Council Livable Communities Demonstration Account grant funds for the project component(s} identified in the application, and to execute such agreements as may be necessary to implement the project on behalf of the City. PASSED AND ADOPTED THIS 7TH DAY OF AUGUST, 2006. YES NO I Haueen I Dornbush I Erickson I LeMair I Millar Haueen Dornbush Erickson LeMair Millar Frank Boyles, City Manager Office Use LIVABLE COMMUNITIES DEMONSTRATION ACCOUNT DEVELOPMENT GRANT APPLICATION FORM 2006 Instructions: Submit form and attachments by 4:30 D.m. on Julv 17.2006 Use font size 11. Use ofbulleted lists is encouraged. Do not attach a coversheet or use any graphic images on top of the application. Limit application to 19 pages plus attachments, for a total of no more than 31 pages. Strictly follow the format or the application will be returned for revision. I Project Name: Applicant city, county or development authority Project Location (city): Address (street boundaries or Major intersection): Primary Project Contact: Name: Title: Address: Phone: Fax: E-mail: Authorized city, county or development authority official for contract execution Name: Title: The Jeffers Waterfront Villa2e The City of Prior Lake Prior Lake CSAH 42 and Ea2le Creek Ave. CSAH 21 Paul Snook Community Development Director 16776 Fish Point Road SEe 952-447-9805 952-447-4245 Dsnook@cityofpriorlake.com Frank Boyles City Manager A. Funding Proposal Describe goals and features of the element, building, or phase(s) that will go forward to construction within one year, if this funding request is granted, and be completed or substantially completed within two years of the grant award. (Limit 20 lines) The primary goal for this project is to support the creation of a unique place -- a village community in Prior Lake. Our funding request is for structured parking, a transit station with Park and Ride, and Village bus shelters to support transit-oriented development. The Jeffers Waterfront Village will: . Create a unique community at the gateway into City from the north; · Improve links to downtown Prior Lake with transit connections, trails and pedestrian amenities on CSAH 21; . Offer a mixed use, walkable, neighborhood center to serve this growing area of the City; . Provide a family friendly destination, with hotel, waterpark, and a variety of restaurants; . Blend the trails and natural style of Jeffers Pond with a more traditional Main Street shopping area; . Attract smaller, more unique retailers and restaurants to Prior Lake; · Focus housing and retail around a Town Square leading to a Village green, with a campanile or bell tower; . Provide for public and civic uses including a new fIre station, performance and event space, and central structured public parking with a Transit StationlPark & Ride facility, and transitlbus shelters. The Jeffers Waterfront Village is part of the Jeffers Pond development, a 336 acre site currently being built out. The overall Jeffer's Pond Master Plan provides for almost 700 housing units, while preserving 174 acres for public uses including neighborhood parks, an elementary school, a new fIre station, a nature center, and a network of wetlands, ponds and open space with 5 miles of public trails and walks. 1 B. Funding Request and Timeline (limit one page, landscape layout) List requested project elements in priority order, e.g. street, structured parking, stormwater pond. Under Task/Eligible Use, provide as much detail as you can about items for which you are requesting funds. Examples: If the project element is underground parking, the details should include the number and location of parking structure(s), number of stalls and the cost per stall. If the project element is acquisition, the details might include number, type and location of buildings, or size of parcel; and demolition and relocation costs. Priority Project Element TasklEli2ible Use - itemize detail for each $ Request Start Date End Date I Public Parking Structure 60 spaces in a ramp structure at $12,000/space less $3,000/space $ 540,000 July 2007 March 2008 w/Park & Ride for developer's anticipated cost to provide surface parking; 2 Transit Station and Two Bus Shelters Transit Station, Park and Ride, and two bus shelters in the Village $ 76.000 Oct 2007 April 2008 3 Town Square Public Parking Structure 125 spaces in a ramp structure at $ 12,000/space less $3,000/space $ 1,350,000 March 2008 Nov 2008 for developer's anticipated cost to provide surface parking Total dollars requested and the start and completion date for the entire project or phase: !could the pro.iect components be phased to move forward with a smaller lrant award? If so, please list element(s) and itemize the elements. This is our minimum request. H a smaller award or partial grant was provided, the ramp would have to be reduced in size. which would result in a correspondin2 reduction in second floor commercial space Public Parking Structure w/Park & Ride 60 spaces in a ramp structure at $12,000/space less $3,000/space $ 540,000 July 2007 for developer's anticipated cost to provide surface parking; March 2008 List components of the proposed project previously funded with an LCDA grant, if applicable, indicating the amount of grant award, start date and completion date for antici !)ated completion date) of that component. Previously Funded LCDA Components $ Awarded Start Date End Date List future phases of the proiect, if applicable, or write "none," and estimated start and completion dates. I Future Phases I I NONE I I Start Date End Date 2 c. Other Project Information 1. In this section, provide information about the larger development project of which the funding proposal (described in Section A on page 1) is a part, if applicable, that will be developed beyond two years from the grant award (beginning Jan. 2007). This would apply if a project will be developed in phases over a period of years. Describe phasing plan and include details of phases, e.g. anticipated number and type of housing units, other proposed project components. (Limit 20 lines) Jeffers Pond, named for the original property owner, is a beautiful place with a lake long referred to as Jeffer's pond. The 336 acre site is being developed to respect the natural environment. The master plan provides for almost 700 housing units, while preserving 174 acres for public uses including neighborhood parks, a new elementary school, fire station, and nature center, within a network of wetlands, ponds and open space which includes 5 miles of public trails and walks. The Jeffers Waterfront Village is located in the northeastern comer of the site, where CSAH 42 and CSAH 21 connect. The mix of uses is intended to create an urban village on one edge of the waterfront and a destination that will be unique in the outlying suburbs. The Village is divided by the Prior Lake outlet channel and wetlands, into a west and east side: · The Westside will be developed with a more traditional, Main Street and town square, leading to a central Village green; uses will include 2 and 3 story retail-office buildings (closer to CR 42), and four story buildings with street level retail and condominiums above; resident parking is all provide below the buildings, and public parking is on the street or in central parking structures. · The Eastside will be developed more organically, with a boardwalk along the edge of the wetlands connecting to the lakefront; uses will include a hotel with conference facilities and an indoor/outdoor waterpark, restaurants, and retail; parking is below the buildings and in parking structures; Prior Lake is a quaint lakefront town on the southern edge of one of the fastest growing residential areas of the metro region. Downtown Prior Lake is thriving, and Wensmann Homes has already completed a mixed-use development combining affordable Senior condominiums with first floor commercial uses facing Main Street. But downtown doesn't have land for development of this size. Wensmann sees this transit-oriented Village offering life-cycle housing options and amenities for the larger Jeffers Pond development. 2. Describe buildings or development phases already constructed, if applicable, or other existing development adjacent to the area described in Section A on page 1, "Funding Proposal." (Limit 20 lines) The Jeffers Pond development, a 336 acre site, is about 40% completed. The master plan provides for almost 700 housing units when fully built-out, including 122 units in the waterfront Village. Immediately adjacent to the Village is park open space and Jeffer's Pond. At the south end of the site, the elementary school is completed and much of the wetlands restoration and public trails and walks. Most of the surrounding area is lower density residential and recreational open space. CSAH 42 is primarily a commercial road, with conventional small shopping centers, and service commercial. A planned extension of CSAH 21 south, to connect Shakopee with CSAH 42 (planned for 2009) will bring significant pressure for increased retail and commercial development. This new connection can contribute to the financial success of the Village as a destination. But if the Village is not established by that time, potential tenants may be more attracted to more conventional, new strip malls and "big box" anchored commercial comers - which is not the vision Prior Lake has for it's future. 3. Benefits of LeDA funding. Address all that apply of the following: How will LCDA funding overcome obstacles, provide a catalyst, or increase the value of the project to the community? (Limit 20 lines) Livable Communities funding can act as an incentive to the developer and potential commercial tenants or sub- developers, to buy-into the concept of central, shared, public parking. This structured parking will: · conserve land and preserve natural open space; · significantly reduce permeable surface and stormwater run-off; · encourage walking to and from multiple destinations within the Village; · reduce non-point pollution impact on water, soils and air quality; · attract transit-oriented development by including significant Park and Ride spaces and a comfortable, convenient transit station. The Village plan needs central, public, structured parking to support the planned, high density, mixed-use development envisioned for the Waterfront project. But this project must compete in an environment where surface parking is plentiful and structured parking is expensive. A Livable Communities Demonstration Account grant can help to overcome this economic challenge, and by demonstrating the success of this type of concentrated development, act as a model for better, more sustainable development even in a developine: suburb. 4. Available Resources Assessment. Describe in reasonable detail why this project element(s) will not occur within two years after this grant cycle unless LCDA funding is made available for this project at this time. (Limit 20 lines) Without funding to act as an incentive, public structured parking will not be feasible. The Village plan needs central, public, structured parking to support the planned, high density, mixed-use development envisioned for the Waterfront Village development. But this project must compete in an environment where surface parking is plentiful and structured parking is expensive. Especially in the outlying suburban areas, it is difficult to convince leasing agents, commercial tenants and their lenders, and even the general public, of the value of structured parking. While it can be difficult to convince people to consider structured parking, it is impossible to convince them to pay for public parking, much less pay more for structured parking. This site has not been developed and will not be able to quality as a TIF district. To the best of our knowledge, there are no other grants programs, such as TOD grants, which would be available to support this project. 4 5 Sources and Uses - For Requested Elements(s) - As described in the table, Section B on page 2. Fill out completely, ensuring that the numbers properly total. Incomplete sources and uses may be interpreted as a lack of funding readiness. The Livable Communities Advisory Committee cannot evaluate the financial readiness of a project without complete information. I Sources $ Amount I Private Sources: $ 660,000 I 60 Parking Spaces $ 180,000 150 Parking Spaces 450,000 $ Portion from $ Other Public Uses $ Amount LCDA Source Sources I Hard Costs: I Parking Ramp (60 spaces) $ 720,000 540,000 I I Transit Station 60,000 60,000 I Bus Shelters (2) 16,000 16,000 Parking Ramp (150 spaces) 1,800,000 1,350,000 Total Hard Costs: $ 2.596.000 Soft Costs: legal, planning fees $30,000 I planning, grant app fees I Public Sources: Park & Ride Structure Transit Station Transit shelters (2) Town Square Public Parking Structure 30,000 $ 1.966.000 540,000 60,000 16,000 1,350,000 TOTAL: $ 2.626.000 Total Soft Costs: $ 30.000 OVERALL TOTAL $ 2.629.000 Status Approval Anticipated by: committed by developer committed by developer, pending LCDA funding committed by developer Dec 2006 LCDA Grant applied for LCDA Grant applied for LCDA Grant applied for LCDA Grant applied for Dec 2006 Dec 2006 Dec 2006 Dec 2006 $ Other Private Sources $ 180,000 I 450,000 I I I I I $ 30,000 I I 5 6. Sources and Uses - For Funding Proposal, as described in Section A on page 1, including Requested Element(s) described in Sources and Uses, Dl (if applicable). Fill out completely, ensuring that the numbers properly total. Incomplete sources and uses may be interpreted as a lack of funding readiness. The Livable Communities Advisory Committee cannot evaluate the financial readiness of a project without complete information. Sources $ Amount Status Approval Anticipated by: Private Sources: $ 72,000,000 Sales, Est. Market Value 72,000,000 in development process Final PUD/P1at by June 2008 Public Sources: Park & Ride Structure Transit Station Transit shelters (2) Town Square Public Parking Structure $ 1,966,000 540,000 LCDA Grant applied for 60,000 LCDA Grant applied for 16,000 LCDA Grant applied for 1,350,000 LCDA Grant applied for Dec 2006 Dec 2006 Dec 2006 Dec 2006 TOTAL: $73,966,000 $ Portion from $ Other Public $ Other Private Uses $ Amount LCDA Source Sources Sources I Hard Costs: Mixed-Use Development (construction, AlE) $ 71,100,000 $ 71,100,000 Parking Ramp (60 spaces) 720,000 540,000 180,000 I Transit Station 60,000 60,000 I Bus Shelters (2) 16,000 16,000 I I Parking Ramp (150 spaces) 1,800,000 1,350,000 450,000 I I I Total Hard Costs: $73,696,000 $ 71,730,000 I Soft Costs: planning & dev costs 170,000 170,000 financing & legal fees 100,000 100,000 Total Soft Costs: $ 270,000 270,000 OVERALL TOTAL $ 73,966,000 1,966,000 $ 72,000,000 6 7. Other Resource Documentation. Identify other sources the applicant has considered but will not us to fund this LCDA request. a. Describe the local funding sources the applicant has considered but will not use to fund the project component for which the applicant is requesting LCDA funds. Include local taxes, use oflocal bonding authority, other local sources. Identify why these sources cannot be used within the next two years to fund the requested project component. (Limit 10 lines) We have researched potential funding sources, and find no grant programs that are applicable to the requested funding component - structured parking, transit stations and bus shelter. Use of local taxes or revenue bonds is not likely to be supportable, politically or fiscally given the public projects already in the works (library expansion, new Police Station and City Hall, planned downtown parking ramp). We do intend to apply to the Watershed District to fund innovative approaches to stormwater management, reducing run-off and filtering pollutants to improve water quality. b. Describe non-local sources of funding the applicant has pursued to fund this project component within the next two years. Identify why these sources cannot be used. Provide information (e.g. letters, other documentation) to substantiate unsuccessful efforts to secure such funding. (Limit 10 lines) We have not applied for other non-local sources of funding. We have researched potential funding sources, and find no other County, regional or State funding programs that are applicable to the requested funding component - structured parking, transit stations and bus shelter. Weare not aware of applicable sources of federal funding, but also have not researched federal sources extensively. Since this is a newly growing area, with no currently planned investment in rail, BRT or other FTA eligible projects, we don't believe that federal funding for TOD is available. 8. Regulatory Status: Mark (X) whether the following will be needed, is underway or is completed, or if not a Jplicable, place 'NA' in the box. Briefly provide additional information as noted. I Will be Needed Underway Completed X Comprehensive plan amendment. If needed, please describe: X Environmental Reviews - EA W, EIS, AUAR. Ifneeded, please describe: EA W was completed in 2004 X Zoning changes and variances. If needed, please list and include change to/from: 7 D. Step One Evaluation Criteria (Begin new page) Include information in Sections D. 1. through D. 6 for the "Funding Proposal," as described in Section A on page 1. 1. Uses Land Efficiently Proposed land use changes: Mark (X) appropriate box Yes I No X Will buildings be rehabilitated or adapted for reuse? If yes, briefly describe: X Will buildings be demolished? If yes, indicate the number of and type of buildings: X Will new buildings be constructed? If yes, list the percent mix of commercial, residential, public or other uses: 45 Commercial 20 Residential 1!L Public 25 Other Uses -list: Hospitalitv. wateroark. hotel X Will new streets or other infrastructure be added? X Will any park land be converted? Briefly describe: over 174 acres of new open space and parkland will be created in the Jeffers Pond Development 2. Develops land uses linked to the local and regional transportation system. Describe how the following will link to transit or improve connections to the local and regional transportation system - new streets (or extensions, realignments) sidewalks, trails, bike paths, or improvements to existing pedestrian infrastructure. Limit 10 lines The Village is planned to become a regular stop on Prior Lake's circulator transit service, the Laker Link. The Link connects Lakefront Park, Sand Point Beach, and downtown Prior Lake. The Village will have sidewalks on all the streets and connections to the five miles of trails and bike paths that cover the site. Two transit shelters are planned, on the main square and near the hotel, as well as the Transit Station at the Park & Ride lot, to encourage residents and visitors to use transit. The plan also proposes the Eastside Public Parking Structure include a Park and Ride lot on the top deck level serving commuters who use the Laker Lines express bus service to downtown Minneapolis. Laker Lines also offers express bus service to local tourist destinations like Mystic Lake Casino and Valley Fair. 8 3. Connects housing and centers of employment, education, retail and recreation uses. a. Yes No Mark (X) appropriate box X Will new pedestrian infrastructure be added? If yes, check type: ~ Sidewalks ~ Bike paths X Trails X Will existing pedestrian infrastructure be improved? If yes, check type: Sidewalks ~ Bike paths ~ Trails How will the additions or improvements provide or improve connections within the site or with adjacent neighborhoods? The trails and improvements which connect the Village to the neighborhoods within the Jeffers Pond development, will link the surrounding developing residential areas with the trails and parks to the south, which then connect to the downtown and Prior Lake regional trails. b. I Yes No Mark (X) appropriate box X Will new streets be constructed? Include street realignments and connections. If yes, how will they enable connections within the site or to adjacent neighborhoods? A new parkway provides public access to the waterfrontfrom either CSAH 42 or CSAH 21. Then a new "Main Street" is the primary shopping street providing access to the public parking structures. This new "grid" of streets is vital to the connectivity that will make this are successful. c. Mix and Type of Uses: List the number and types of existing or planned uses for the project site. Number Square Number of Square Mark (X) if planned uses are new Type of Use of Footage or Planned Uses Footage or construction, rehab/renovation or Existing Acreage Acreage adaptive reuse Uses Rehabl Adaptive New Renovation Reuse I Commercial 16,000 X I Retail 50,000 X I Restaurant 4-5 20,000 X I Office 18-12 36,300 X Government/Civic Fire station 8,000 X Public Parking 210 cars Transit station I Arts/Cultural I Entertainment 1 waterpark 15,000 X Open SpacelPublic 4-7 acres X Space Other (list) 1 hotel 86,000 X Hotel, hospitality 9 d. Employment proximity: Estimate the number of jobs within 2 miles of the project site and list major employers. Number of Jobs I More than 5,000 I 3,000-5,000 I 1,000-3,000 I 500-1,000 I Less than 500 I I I Mark (X) appropriate number rane:e 5,020 Major employers within 2 miles Mystic Lake 1,400 1,200 575 500 424 415 ADC Telecommunications Valleyfair Prior Lake Independent School District #719 Scott County Government K-Mart Distribution Shakopee Valley Printinll; Yes X Number 100-150 95-180 100-180 5-10 300-520 Creation of new jobs: No Mark (X) appropriate box Will this project create any new jobs? If yes, how many and what type? Job Tvpe Service, retail - store clerks, sales staff Office - admin, professional, mana$!erial Hospitality - hotel, restaurant, food service Residential Management: admin, mana$!ement, maintenance/cleanin$! Total est. new .iobs created e. 4. Develop a range of housing densities, types and costs. a. Type and Tenure of Housing: List the number of housing units by type and tenure (owner/renter) currently in the proiect site area (correspo Iding to the site plan, Attachment #3) and planned. Distinguishing Features: (# of stories, architectural desie:n) Total # of Units # Units Owner # Units Rental Existine: Housine:: Single-family Townhouse Apartments or Condominiums Duplexes Other (list): Planned Housine:: Single-family Townhouse Apartments or Condominiums Duplexes Other (list): 122 in Village 122 3-4 stories, mostly above 1 st floor commercial; all resident parking below the buildings b. Housine: Density: I Current Overall Density (net units per acre) Planned overall density (net units per acre) 13 units/acre in the Village 3 units/acre in Jeff'er's Pond development overall 1/336 acres on original Jeffer's property 10 c. Housing Affordability: List estimated affordability levels for existing and planned housing in the following format: (Area median income - $78,500) Number of Units up to 50% of Area Median Income I Existing housing 0 I Planned housing 0 I Yes No Mark (X) appropriate box I X Are there mechanisms to ensure lone-term affordability? I Mark (X) any that apply I Land trust I Resale price indexing I Other (describe): Number of Units at 50-80% of Area Median Income o o Number of Units at Market Rate o 122 CurrentlProposed Price Rangesof~arketRate Units $ 220,000 - 500,000 If yes. what type? 5. Conserve, protect and enhance natural resources. a. Yes No Mark (X) app.vp.:ate box X Does the project consider the site's relationship to nearby park and open space amenities? If yes, please describe. The Village plan is oriented to the lake, the waterfront park, the new parkway and the trails. All of the residential units have great views over the open space. Much of the commercial, including the hotel and water park, is planned to be along the "waterfront" (wetlands and lake) lining an old- fashioned boardwalk. b. Describe specific runoff water quality improvement techniques, extent of use, and any community amenity benefits for marked items. I Yes No Mark (X) appropriate box I X Connects to the existing; storm sewer system without any water quality improvements. If yes, please describe: X Provides conventional project-specific runoff treatment facilities; e.g. retention basins, detention basins, infiltration basins. If yes, please describe: There will be some use of more conventional storm water run-off and filtration approaches, but NURP ponds use too much land area to be viable in the Village area, so where traditional storm water elements are used they will be more vertical with sub-surface chambers where possible. In the site plan you can see one of the vertical pond in the formal circular pond at the south end of the main square. X Incorporates project-specific Low Impact Development (LID) runoff reduction measures: e.g. porous pavers, rain gardens, green roofs. If yes, please describe: Project plans include rain gardens and alternative paving surfaces; the architect may also investigate a green roof option 11 Yes No Mark (X) appropriate box X Provides constructed or restored natural methods of runoff treatment: e.g. restoration of buried creeks, wetlands, bio-infiltration areas. If yes, please describe: The Village plan shows a restored wetland reaching into the site, with new vegetative buffers. The plan also shows proposed dry creeks, raingardens/bio-filtration areas, and small ponds using natural approaches reducing surface run-off and improving water quality with natural filtration. Throughout the Jeffers Pond site there are high quality wetlands which have been restored and protected with the construction of wetlands for filtration purposes, use of filtration buffers, bio-filtration plant materials, etc. X I I Provides green spaces for increased infiltration, recreation and scenic value. If yes, please describe: The Village plan shows a wide range of green spaces, including a central square, Village green, wide green buffers along the busy commercial roads (CSAH 42 and 21), the lake with surrounding parkland, and restored wetland with extensive green buffers. The Jeffers Pond master plan preserves 174 acres of open space for views, passive recreation via trails, as well as for it's scenic, habitat and environmental value, Other ( describe): 12 6. Tools and Processes to Ensure Successful Outcomes (Begin new page) a. City review/regulatory process: Describe city review or regulatory processes or procedures used or developed for this project, such as zoning codes, design standards, or development standards. (limit 6 lines) The master plan for the project was reviewed as a PUD, working with the City and the existing zoning codes. The preliminary plat and the preliminary PUD plan have been approved by the Planning commission and City Council. The next step is approval of the Final PUD plan and Final Plat, which will require a public hearing. The developer does intend to create design standards as part of the Final PUD plan submittal, in order to assure that the Village development maintains a high standard of design and quality. b. Planning and Implementation Partnerships: List and briefly describe the type and nature of partnerships in the project among government, private, for-profit and non-profit sectors. Name ofPartner(s) Wensmann Homes Spring Lake Watershed District Type of Partnership or Role of Partner Private developer, investing over $70 M in the Village, and over $250 M in the overall development Stormwater Management Plan, support for innovative filtration for water quality improvements EA W review, Wetland Mitigation permits Sewer extension permit, NPDES construction permits, EA W review Access and road way improvements Water main extension Corp of Engineers MPCA Scott Count MDH c. Community's role: Describe any public participation processes involving residents, businesspersons and others used to develop the proposal. Describe plans for future community involvement in project implementation. Limit 10 lines The City included this project in the scope of its goals and framework in the newly completed 2030 Vision and Strategic Plan, which included numerous public hearings, planning and visioning meetings with the public and local developers in the spring of2005. Wensmann Homes sought City input during the planning for this project. If LCDA funding is awarded, the developer will hold another community open house, focused on the public parking, transit station and shelters, to encourage additional participation. The local Chamber of Commerce has also been actively following the project and many local businesses have expressed a desire to be included in the development. d. City's role: How have elected officials, city council initiatives or actions supported the project? Limit 10 lines The City included this project in the scope of its goals and framework in the newly completed 2030 Vision and Strategic Plan. The City Council passed a Local resolution of Support last year for the LCDA grant application and will do so again later this month. 13 E. Step Two Evaluation Criteria Include information in Section E.l through E.6 for the Funding Proposal, as described in Section A on page 1, and for any future development as described in Section C.l, page 3. 1. Describe how the funding proposal and future development (if applicable) will make more efficient use of land in ways that are innovative and replicable elsewhere in the region. Limit 10 lines Structured parking is a much more efficient use of land than surface parking. Transit is a much more efficient use of resources (public investment in transit, roads, energy) than individual cars, and efficiency is further enhanced by concentrating the Park & Ride in a parking ramp, and locating it where these same spaces will be used on weekends and evenings. The Village plan also concentrates significant new, mixed-use, high density development close to CR 42, making cost-effective use of existing County and City infrastructure. The Jeffers Pond plan concentrates land use in a high density plan that preserves open space and facilitates groundwater recharge to protect the region's water supply. At the same time the plan meets Prior Lake's growth forecasts, and provides the life-cycle housing options and commercial development that community needs. This transit-oriented Village should be a model for developing communities throughout the Metro area. 2. Describe how the funding proposal and future development (if applicable) will connect land use to the local or regional transportation system in ways that are innovative and replicable elsewhere in the region. Limit 10 lines This proposal for transit-oriented development; structured public parking; and transit station/shelters will: . attract transit-oriented commercial uses near the Park &Ride spaces and convenient transit stations; . make the Village a regular stop on the Laker Link, Prior Lake's circulator transit service. · serve commuters who use the Laker Lines express bus service to downtown Minneapolis and local tourist destinations like Mystic Lake Casino and Valley Fair; · concentrate destination uses (restaurants, hotel, waterpark, waterfront recreation) where transit is available; . encourage walking to and from multiple destinations within the Village; This is an approach readily duplicated in Metro suburban communities, and by demonstrating the success of this type of concentrated development, act as a model for sustainable development.. 3. Describe how the funding proposal and future development (if applicable) will connect housing and centers of employment, education, retail and recreation uses, in ways that are innovative and replicable elsewhere in the region. Limit 10 lines The Village will have sidewalks on all the streets and connections to the five miles of trails and bike paths that cover the site. So children will be able to walk or ride a bike to the new elementary school when weather permits. Two transit shelters are planned, on the main square and near the hotel, in addition to the Transit Station at the Park & Ride lot, to encourage use of both the local circulator transit service and regional commuter bus service. The Village will be a regular stop on the Laker Link, Prior Lake's circulator transit service. These routes offer connections to Lakefront Park, Sand Point Beach, downtown Prior Lake, as well as Laker Lines express bus service to downtown Minneapolis, Mystic Lake Casino, Canterbury Park and Valley Fair. 14 4. Describe how the funding proposal and future development (if applicable) will provide a range of housing densities, types and costs in ways that are innovative and replicable elsewhere in the region. Limit 10 lines The Village plan offers single level condominium units in an active location, with shopping, employment and entertainment options immediately available. The overall Jeffer's Pond plan includes several neighborhoods, offering a range of housing densities, types, and prices to meet Prior Lake's housing goals: . Single family, larger and smaller lots; . Duplex and triplexes; . Townhomes and Senior townhomes; . Senior condominiums and senior rental apartments. All of the new housing on the Jeffers site is planned as market rate housing. This development will be marketed largely to active seniors and empty-nesters, with greater economic freedom. There are already several affordable developments in this area, including the 440 senior rental (affordable) apartments being built directly across CSAH 42 from this site. 5. Describe how the funding proposal and future development (if applicable) will conserve, protect and enhance natural resources in innovative ways that are replicable elsewhere in the region. Limit 10 lines The Jeffers site development is very progressive in conservation development, using innovative design and engineering to conserve, protect and enhance this site's natural resources. . Extensive wetlands have been preserved or restored, with buffers to reduce pollutants from runoff; . Groundwater recharge is maximized through surface water infiltration, including; o Dry creek beds for filtration and directing runoff; o Rain gardens and bio- filtration swales for stormwater storage and filtration; o Recreated or restored wetlands in critical buffer areas; o Ponds, with naturalized edges, stormwater holding capacity and sub-surface filtration chambers. . Green open space is preserved to benefit the development, with over 174 acres preserved; . The lake shore is ringed in green, with higher density development located across the parkway. 6. Describe ways the funding proposal and future development (if applicable) will be innovative and replicable elsewhere in the region, other than those described in E.I through E.5. Limit 10 lines Wensmann Homes is taking the lead is demonstrating how new development of a larger, green-field site can be done in a way that is a significant improvement over conventional housing development. Jeffer's Pond combines sustainable, conservation development, which preserves and enhances the natural environment, with a concentrated, mixed-use, transit-oriented urban Village located appropriately close to major roads and transit access. The result is a model for new development that is unique in the metro area. Even more refreshing, is the fact that the developer had the vision to pursue this approach and work with the City to mesh his vision with the City's planning goals. The developer is committed to providing the Park & Ride facility, even without funding, although it may be in a more conventional surface parking lot. This project is only seeking limited public assistance - specifically this grant to build the transit station and shelters, and to assist with the significant cost of structured public parking and Park & Ride. More Metro-area developers take this lead, including TOD Villages in all major new residential developments. 15 F. Selection Criteria - Readiness Assessment (Begin new page) 1. Indicate the status of land use regulatory changes, design or development standards: Will be Needed Underway City has Adopted X Mark (X) appropriate box Zonine; codeslland use ree;ulatory chane;es Desie;n standards Development standards X X 2. Indicate the status of market and feasibility studies: Will be City has Needed Underway Completed I X undergoing revisions If completed, briefly state the conclusions of the studies: (limit 4 lines) Mark (X) appropriate box Market studies Feasibility studies The uses and type of development being proposed appear to be well supported by the demand and demographics, even though there are no "comps" for this unique project within the in the market area. 3. Developer's role: Yes No X Name of Developer(s) Wensmann Homes Mark (X) appropriate box Is a developer(s) committed to the project? If yes - Type of contract or commitment Owns the site, PUD concept plan approved; Preliminary plat approved for !!!.ofthe site 4. I Yes X No Mark (X) appropriate box Is the development site as represented currently within a designated development district, or an approved development (Le. PUD)? 5. Mark (X) status of applicant control of the site, or sites represented in the proposal. Under option X Own Condemnation Within a TIF District Other (list): 16 6. If the site is not under the applicant's control, state the steps that will be needed to gain control. Limit 5 lines 7. Yes No Mark (X) appropriate box X Are market studies or a.........a.isals available for all some or all components of the project? If yes, which components (e.g. retail, office, ownership housing, rental housing)? 8. Yes No Mark (X) appropriate box X Is the developer acquiring the development site from the city? If yes, is the site being sold at fair-market value? 9. Yes No Mark (X) appropriate box X Has an architect/engineer been selected for the project? 10. Yes No Mark (X) appropriate box X Is site plan final? If not final, describe status: (limit 4 lines) The Preliminary Plat and Preliminary PUD Plan has been approved. Final Plat and Final PUD plan will need to be submitted for fmal site approvals. 11. How have costs been determined? Mark (X) as many as appropriate. (If more than 1 box checked, explain which .)roject element or elements.) I Bidding I Contracting estimates I X Developer estimates I City estimates X Other (list): Architect and Engineer estimates 12. If commercial is proposed, provide as much specificity as possible regarding the type of tenants and projected rents. I Type of Tenant I Hotel, restaurants, conference and banquetfacilities I Retail, destination commercial I Professional offices I Service commercial I Pro.iected Rents $16-26 psfnet $18-24 psf net $15-24 psfnet $14-22 psfnet 17 13. 14. I Yes Yes X No Mark (X) appropriate box Does the applicant intend to apply for LCDA funds for this project in future years for additional phases or components? If yes, briefly describe future phase(s) or components: Only for elements not funded with this request No Mark (X) appropriate box X Has the applicant applied this year for the same funds, as detailed in this request, from another source(s)? If yes, state source(s): 18 G. Required Attachments Maps and graphic images in 11" x 17" format Attached in the order listed: 1. Aerial Photo with project site boundaries marked 2. Vicinity Map showing project location; planned land use; transit locations, and adjacent land uses. 3. A Jeffers Pond overall development site plan showing: . adjacent land uses and connections (roads, sidewalks, or other) . the location of existing and planned buildings (marked) . existing and planned streets . transit stops within or adjacent to the development . sidewalk and trail routes . open space, public spaces · proposed phases, if applicable, clearly distinguishing between existing and proposed phases . 'l4 mile and Yz mile radius. 4. A Waterfront Village site plan showing: . adjacent land uses and connections (roads, sidewalks, or other) . the location of existing and planned buildings (marked) . existing and planned streets . transit stops within or adjacent to the development . sidewalk and trail routes . open space, public spaces . proposed phases, if applicable, clearly distinguishing between existing and proposed phases 'l4 mile and Yz mile radius 5. Sketches, elevation/sections and perspective illustrations. 6. Completed Certification of Compliance regarding use of eminent domain. 7. Local Resolution of Support (will be submitted under separate cover). 19 LIVABLE COMMUNITIES DEMONSTRATION ACCOUNT CERTIFICATION OF COMPLIANCE Regarding Metropolitan Council Policy Restricting LCA Grants For Projects Using Eminent Domain for Economic Development Project Name: Applicant's Name: The "Applicant" is a statutory or home rule charter city or town that has negotiated affordable and life- cycle housing goals pursuant to the Metropolitan Livable Communities Act and is participating in the Local Housing Incentives Account program, or is a housing and redevelopment authority, economic development authority, or port authority. On January 25, 2006, the Metropolitan Council adopted a "Policy Restricting Metropolitan Council LCA Grants for Projects Using Eminent Domain for Economic Development." The policy applies to LCA grants awarded after January 25, 2006 and private property that was acquired through eminent domain proceedings after January 25, 2006. Please check (D) one of the following as appropriate for the Project. The Project will not be eligible for LeA grant funding unless the appropriate certifications are made by the Applicant: o ON BEHALF OF THE APPLICANT and to the best of my knowledge, I CERTIFY that with regard to the Project for which LeA funding is requested, no eminent domain authority was used after Januarv 25. 2006 to acquire any private property associated with the Project and there are no plans to use eminent domain authority for "economic development" purposes in connection with the Project. o Eminent domain authority was used after Januarv 25. 2006 to acquire private property associated with the Project but, ON BEHALF OF THE APPLICANT and to the best of my knowledge, I CERTIFY that the eminent domain authority was not exercised for "economic development" purposes as defined by the Metropolitan Council's policy because one or more of the following exceptions applies: Please check (D) the following exceptiones) that applies: o (a) Private property was acquired for public ownership and public use, such as for a roadway, park, sanitary sewer, hospital, public school, or similar use; o (b) Private property was acquired to remediate or clean up pollution or contamination that threatens or may threaten public health or safety or the environment; o (c) Private property acquired through eminent domain will be leased to a private person or entity but the private person or entity only will occupy an incidental part of a public property or public facility, such as a retail establishment on the ground floor of a public building; o (d) Eminent domain authority was used to acquire abandoned property or acquire "blighted" property as the term "blighted" is defined and used in Minnesota Statutes Chapter 469; 20 D (e) Private property was acquired to remove a public nuisance; or D (f) Eminent domain authority was used to clear defective chains of title. If eminent domain authority was used to acquire private property to remediate or clean up pollution or contamination that threatens or may threaten public health or safety or the environment (see exception (b) above), then ON BEHALF OF THE APPLICANT, and to the best of my knowledge, I FURTHER CERTIFY that: (1 ) The property owner was/is unable or unwilling to pay for appropriate remediation or clean up; and (2) Remediation or clean up must occur expeditiously to eliminate or mitigate the threat to public health or safety or the environment; and (3) No Responsible Party has been identified or is financially capable of carrying out the remediation or clean up. BUS CERn~lCATION MUST BE SIGNED BY 1.l1.E APPLICANT'S AUTHORIZED O~~lCIAL: Name: Title: Signature: 21 2006 RESOLUTION - SINGLE PROJECT RESOLUTION NO. CITY OF , MINNESOTA RESOLUTION IDENTIFYING THE NEED FOR LIVABLE COMMUNITIES DEMONSTRATION ACCOUNT FUNDING AND AUTHORIZING AN APPLICATION FOR GRANT FUNDS WHEREAS the City of is a participant in the Livable Communities Act's Housing Incentives Program for 2006 as determined by the Metropolitan Council, and is therefore eligible to apply for Livable Communities Demonstration Account funds; and WHEREAS the City has identified a proposed project within the City that meets the Demonstration Account's purposes and criteria and is consistent with and promotes the purposes of the Metropolitan Livable Communities Act and the policies of the Metropolitan Council's adopted metropolitan development guide; and WHEREAS the City has the institutional, managerial and financial capability to ensure adequate project administration; and WHEREAS the City certifies that it will comply with all applicable laws and regulations as stated in the grant agreement; and WHEREAS the City agrees to act as legal sponsor for the project contained in the grant application submitted on , 2006; and WHEREAS the City acknowledges Livable Communities Demonstration Account grants are intended to fund projects or project components that can serve as models, examples or prototypes for development or redevelopment projects elsewhere in the region, and therefore represents that the proposed project or key components of the proposed project can be replicated in other metropolitan- area communities; and WHEREAS only a limited amount of grant funding is available through the Metropolitan Council's Livable Communities Demonstration Account during each funding cycle and the Metropolitan Council has determined it is appropriate to allocate those scarce grant funds only to eligible projects that would not occur without the availability of Demonstration Account grant funding. NOW THEREFORE BE IT RESOLVED that, after appropriate examination and due consideration, the governing body of the City: 1. Finds that it is in the best interests of the City's development goals and priorities for the proposed project to occur at this particular site and at this particular time. 22 2. Finds that the project component(s) for which Livable Communities Demonstration Account funding is sought: (a) will not occur solely through private or other public investment within the reasonably foreseeable future; and (b) will not occur within two years after a grant award unless Livable Communities Demonstration Account funding is made available for this project at this time. 3. Represents that the City has undertaken reasonable and good faith efforts to procure funding for the project component for which Livable Communities Demonstration Account funding is sought but was not able to find or secure from other sources funding that is necessary for project component completion within two years and states that this representation is based on the following reasons and supporting facts: 4. Authorizes its to submit on behalf of the City an application for Metropolitan Council Livable Communities Demonstration Account grant funds for the project component(s) identified in the application, and to execute such agreements as may be necessary to implement the project on behalf of the City. Adopted this _ day of ,2006. Mayor Clerk 23 2006 RESOLUTION - MULTIPLE PROJECTS RESOLUTION NO. CITY OF , MINNESOTA RESOLUTION IDENTIFYING TIlli NEED FOR LIVABLE COMMUNITIES DEMONSTRATION ACCOUNT FUNDING AND AUTHORIZING APPLICATIONS FOR GRANT FUNDS WHEREAS the City of is a participant in the Livable Communities Act's Housing Incentives Program for 2006 as determined by the Metropolitan Council, and is therefore eligible to apply for Livable Communities Demonstration Account funds; and WHEREAS the City has identified proposed projects within the City that meet the Demonstration Account's purposes and criteria and are consistent with and promote the purposes of the Metropolitan Livable Communities Act and the policies of the Metropolitan Council's adopted metropolitan development guide; and WHEREAS the City has the institutional, managerial and financial capability to ensure adequate project administration; and WHEREAS the City certifies that it will comply with all applicable laws and regulations as stated in the grant agreement; and WHEREAS the City agrees to act as legal sponsor for the projects contained in the grant applications submitted on , 2006; WHEREAS the City acknowledges Livable Communities Demonstration Account grants are intended to fund projects or project components that can serve as models, examples or prototypes for development or redevelopment projects elsewhere in the region, and therefore represents that the proposed projects or key components of the proposed projects can be replicated in other metropolitan- area communities; and WHEREAS only a limited amount of grant funding is available through the Metropolitan Council's Livable Communities Demonstration Account during each funding cycle and the Metropolitan Council has determined it is appropriate to allocate those scarce grant funds only to eligible projects that would not occur without the availability of Demonstration Account grant funding; and WHEREAS cities may submit grant applications for up to five projects during each funding cycle but, using the cities' own internal ranking processes, must rank their projects by priority so the Metropolitan Council may consider those priority rankings as it reviews applications and makes grant awards. NOW THEREFORE BE IT RESOLVED that, after appropriate examination and consideration, the governing body of the City: 24 Finds that it is in the best interests of the City's development goals and priorities for the proposed projects to occur at these particular sites at this particular time. 1. Finds that the project components for which Livable Communities Demonstration Account funding is sought: (a) will not occur solely through private or other public investment within the reasonably foreseeable future; and (b) will not occur within two years after the grant award unless Livable Communities Demonstration Account funding is made available for these projects at this time. 2. Ranks the project funding applications, according to the City's own internal priorities, in the following order: Priority Ranking Project Name Grant Amount Required (1) (2) (3) (4) (5) 3. Represents that the City has undertaken reasonable and good faith efforts to procure funding for the project component for which Livable Communities Demonstration Account funding is sought but was not able to find or secure from other sources funding that is necessary for project component completion within two years and states that this representation is based on the following reasons and supporting facts: 4. Authorizes its to submit on behalf of the City applications for Metropolitan Council Livable Communities Demonstration Account grant funds for the project components identified in the applications, and to execute such agreements as may be necessary to implement the projects on behalf of the City. Adopted this day of , 2006. Mayor Clerk 05/10/06 25