Loading...
HomeMy WebLinkAbout2014/10/27 - ADMIN - Agenda Packets - City Council - Study SessionAGENDA OCTOBER 27, 2014 (Mayor Jacobs Out) 5:00 p.m. COMMUNITY CENTER & REFRIGERATED ICE SITE TOUR – Meet at Rec Center Immediately Following Site Tour CITY COUNCIL STUDY SESSION – Council Chambers Discussion Items 1. 5 minutes Future Study Session Agenda Planning – November 10, 2014 2. 30 minutes Outdoor Refrigerated Ice Schematic Design Presentation 3. 60 minutes Community Center Update 4. 30 minutes Southwest LRT Update 5 minutes Communications/Meeting Check-In (Verbal) Written Reports 5. September 2014 Monthly Financial Report 6. Third Quarter Investment Report (July - September 2014) 7. Proposed Property Assessed Clean Energy (PACE) Program 8. City Publications Update 9. Inclusionary Housing Strategy Update 10. DLC West End Affordable Housing Mix 11. Oppidan/Bally's Affordable Housing Proposal Auxiliary aids for individuals with disabilities are available upon request. To make arrangements, please call the Administration Department at 952/924-2525 (TDD 952/924-2518) at least 96 hours in advance of meeting. Meeting: Study Session Meeting Date: October 27, 2014 Discussion Item: 1 EXECUTIVE SUMMARY TITLE: Future Study Session Agenda Planning – November 10, 2014 RECOMMENDED ACTION: The City Council and the City Manager to set the agenda for the regularly scheduled Study Session on November 10, 2014. POLICY CONSIDERATION: Does the Council agree with the agenda as proposed? SUMMARY: At each study session approximately five minutes are set aside to discuss the next study session agenda. For this purpose, attached please find the proposed discussion items for the regularly scheduled Study Session on November 10, 2014. FINANCIAL OR BUDGET CONSIDERATION: Not applicable. VISION CONSIDERATION: Not applicable. SUPPORTING DOCUMENTS: Future Study Session Agenda Planning – November 10, 2014 Prepared by: Debbie Fischer, Office Assistant Approved by: Tom Harmening, City Manager Study Session Meeting of October 27, 2014 (Item No. 1) Page 2 Title: Future Study Session Agenda Planning – November 10, 2014 Study Session, November 10, 2014 – 6:30 p.m. (City Manager Harmening Out) Tentative Discussion Items 1. Future Study Session Agenda Planning – Administrative Services (5 minutes) 2. Southside Excelsior Boulevard Design Guidelines w/ Planning Commission – Community Development (45 minutes) Consultant Michael Schroeder of LHB Corp. and city staff will present draft design guidelines document and respond to questions and comments. Task Force members will be invited to attend the meeting for this item, too. 3. Planning Commission Annual Discussion – Community Development (20 minutes) Meet with Planning Commission to discuss commission work in 2013-14 and work program for 2015. 4. East Triangle Neighborhood Redevelopment Proposal – Community Development (30 minutes) Bader Development will present its redevelopment proposal for five properties in the East Triangle Neighborhood. Discussion regarding the reconfiguration of CSAH 25 from Belt Line Blvd to France Ave., future redevelopment along this corridor in light of the anticipated SWLRT project, and the status of the ASAP building with regard to its historical eligibility. 5. Paid Parental Leave – Administrative Services (30 minutes) Per City Council request, discussion related to the consideration of a Paid Parental Leave Policy. 6. Southwest LRT Update – Community Development (30 minutes) Continued discussion of Southwest LRT project items. Communications/Meeting Check-In – Administrative Services (5 minutes) Time for communications between staff and Council will be set aside on every study session agenda for the purposes of information sharing. End of Meeting: 9:15 p.m. Reports 7. Bee Friendly Community Meeting: Study Session Meeting Date: October 27, 2014 Discussion Item: 2 EXECUTIVE SUMMARY TITLE: Outdoor Refrigerated Ice Schematic Design Presentation RECOMMENDED ACTION: Staff desires direction on the policy question below. POLICY CONSIDERATION: Is Council supportive of moving forward and authorizing staff to negotiate and bring back to the Council for approval the final business terms with the Hockey Association as to their participation in this project, as well as develop more details as to an overall funding plan and a timeline for undertaking Design Development and Phase I construction of the project? SUMMARY: At the Study Session held on July 28, 2014, Council was presented with the results of the feasibility study on the potential for an outdoor refrigerated ice rink at The Rec Center. The site is in the northwest corner of The Rec Center campus. The Hockey Association has discussed their desire for outdoor refrigerated ice for several years. While the Association has discussed a number of sites, their preference is adjacent to The Rec Center. Staff and the Hockey Association believe there are many synergies’ created by having this facility near The Rec Center. The idea is to create a year-round community resource and gathering place. Staff has worked with RSP Architects and members of the St. Louis Park Hockey Association to prepare a schematic design for an outdoor refrigerated rink at the Rec Center. The scope of this project is a covered 200’ by 85’ refrigerated outdoor ice rink with related support spaces (resurfacer storage garage, parking) and additional future site improvements/amenities. FINANCIAL OR BUDGET CONSIDERATION: The cost of the schematic design phase was $34,089. This cost was split (50/50) with the Hockey Association. The total estimated cost of the entire project (Phase I and II) is estimated at $5,635,657. This project is being proposed in phases. Phase I of the project includes the complete construction of the outdoor refrigerated rink, a fabric roof, ice resurfacer (Zamboni), resurfacer storage garage and parking. The cost of Phase I of the project is estimated at $4,340,335. Phase II of the project includes locker room space, viewing plaza, storage and the potential for other site improvements (i.e. outdoor fire place, expanded pool deck seating; see alternates on attached estimates); Phase II is anticipated to be $1,295,322. At this time the Hockey Association is willing to commit a total of $1.5 million to the capital cost of the project. The specific source of funds from the City still needs to be determined. VISION CONSIDERATION: St. Louis Park is committed to being a connected and engaged community. SUPPORTING DOCUMENTS: Discussion Schematic Design from RSP Architects Cost Estimates from RJM Prepared by: Jason Eisold, Rec Center Manager Reviewed by: Cindy S. Walsh, Director of Operations and Recreation Approved by: Tom Harmening, City Manager Study Session Meeting of October 27, 2014 (Item No. 2) Page 2 Title: Outdoor Refrigerated Ice Schematic Design Presentation DISCUSSION BACKGROUND: The Hockey Association and the City of St. Louis Park have a long history of partnerships. They have participated financially in the east rink addition, the skate shop renovation, and the public address system in the arena. The intent for this proposed facility is to be a year-round community asset. Although it will be primarily a skating rink, the idea is to use this facility during the spring, summer and fall for other activities and events. Staff has met with the soccer, lacrosse, baseball, and track youth associations and all have expressed interest in using the facility for practice when spring weather does not allow outdoor fields to be used. This space can also be used for other activities such as craft fairs, pet expos, dog training, concerts, farmers markets, and garage sales. SCHEMATIC DESIGN RESULTS: The Feasibility Study recommended locating the new outdoor refrigerated ice rink and related facilities adjacent to the existing Rec Center building in order to utilize the existing infrastructure and facilitate management of the rink. The current “complete” design is still proposed as a phased implementation, and has been designed in a way that allows the future phase to be built without major disruption to the first phase improvements. Phase I consists of: • Refrigerated rink with adequate slab beyond dasher boards to restrain slab. There is also an extended slab area to allow for placement of a temporary changing room. • Tensile roof • Ice resurfacer (Zamboni) garage • Parking to accommodate 38 stalls • Artificial turf (to be used seasonally when the ice comes out) Phase II consists of: • Locker rooms • Storage • Viewing plaza • Potential for other site improvements (i.e. outdoor fire place, expanded pool deck space; see alternates on attached estimates) As presented in the feasibility study, the intention of the final design is to utilize the existing infrastructure wherever possible in lieu of duplicating them. This is both an economic and maintenance consideration. Operationally, it was desirable to have a drop-off to allow direct access to the rink instead of requiring access through the building from the main entrance. The current design of Phase II provides an entry plaza at the same elevation as the existing drive. From the plaza, spectators would go up steps or the ramp to the upper plaza that serves the exterior spectator seating and the entrance to the West Arena. We believe this could become an asset both for identity and as a means of access for spectators. A copy of schematic design is attached. Study Session Meeting of October 27, 2014 (Item No. 2) Page 3 Title: Outdoor Refrigerated Ice Schematic Design Presentation SKATE PARK RELOCATION: There is $85,000 in the 2015 CIP budget to purchase new skate park equipment. Regardless of whether the skate park changes locations, the equipment is in need of replacement. Staff has some ideas of adding amenities like a “pump track” to be used by bicycles and skate boarders. At this time, staff is recommending that the skate park move to EDA owned property on the corner of Beltline and 36th Street. This keeps the skate park in the same vicinity of The Rec Center that it is now. If at some point in the future the EDA has a development proposal for this site, the skate park could be relocated. NEED FOR OUTDOOR REFRIGERATED ICE: The Hockey Association has approximately 500 families involved in their program. They currently use ice at The Rec Center’s two existing rinks and have a need for more hours than they are able to acquire at The Rec Center. They purchase additional ice from a private company and from neighboring arenas. Building an outdoor refrigerated rink would provide more hours of available ice for practices and games to be played in the city. The idea of adding an outdoor refrigerated ice rink has been discussed by the Hockey Association for nearly 20 years. While the committee has discussed a number of sites, the preferred location is at The Rec Center. Staff and the Hockey Association believe there are many synergies’ created by having this facility near The Rec Center. The idea is to create a year-round community resource and gathering place. Although the youth Hockey Association will be the primary user of this proposed facility, the intent is for this to be an asset used by many groups at all times of the year. NEXT STEPS: If there is an interest in continuing the design process, it is recommended that staff meet with the Hockey Association to finalize the financial commitment and terms of their contribution. Once finalized, staff will present to Council the financial commitment agreement with the recommendation of moving forward in the design process to design development. In addition to finalizing the financing and operational expenses, staff would like to discuss the costs associated with moving the skate park. Staff proposes to come back to the Council by the end of the year with these details. Study Session Meeting of October 27, 2014 (Item No. 2) Title: Outdoor Refrigerated Ice Schematic Design Presentation Page 4 RESURFACERCOACH'SOFFICEHS SLPGIRLSLOCKERROOM HMECHANICALHS BSMGIRLSHS SLPBOYSEXISTING RAMPICE PIT WITHFLOOR DRAINT.O. SLABEL. = 173' - 2"T.O. SLABEL. = 179' - 8"RELOCATED FENCECENTERED ON COLUMNSRELOCATED FENCE,SEE SITE PLANOFFICIALSPOOLMECHLOCKERROOM ELOCKERROOM FLOCKERROOM GEXISTING FLOORDRAINT.O. CONCRETEEL. = 179' - 0"T.O. CONCRETEEL. = 179' - 0"SLAB EXTENSION FORWARMING TRAILEREXISTING COOLINGTOWER STRUCTURETO REMAINRETAINING WALL5' - 2"200' - 0"6' - 0"85' - 0"8' - 1"EXISTING FENCENEW FENCE LOCATIONPARKING LIGHTPARKING LIGHTR S P A R C H I T E C T SSt. Louis Park, Minnesota October 8, 2014RINK LEVEL - PHASE 1Study Session Meeting of October 27, 2014 (Item No. 2) Title: Outdoor Refrigerated Ice Schematic Design Presentation Page 5 RESURFACERCOACH'SOFFICEHS SLPGIRLSLOCKERROOM HMECHANICALHS BSMGIRLSHS SLPBOYSLOCKERROOM IEXISTING RAMPCITYMECHANICALUNASSIGNEDSTORAGEICE PIT WITHFLOOR DRAINT.O. SLABEL. = 177' - 0"RELOCATED STAIRNEW 3'-4" x 8'-2"OPENINGT.O. SLABEL. = 175' - 6"NEW DOOR AND STAIRT.O. SLABEL. = 173' - 2"T.O. SLABEL. = 175' - 6"EL - 184' - 3" (VERIFY)T.O. GRADEEL - 175' - 4" (VERIFY)T.O. POOL DECKKEYSTONE WALLT.O. WALLEL. = 182' - 6"T.O. SLABEL. = 179' - 8"RELOCATED FENCE,SEE SITE PLANOFFICIALSSCOREBOARDPOOLMECHDASHER BOARDSTORAGE STACKED 2HIGH ON SHELVESGLASS STORAGELOCKERROOM ELOCKERROOM FLOCKERROOM GEXISTING FLOORDRAINPERVIOUS PAVERS W/GRASS. GRASS PAVEOR EQUALRAMPGAS FIRE PIT INRAISED BENCHSPORT FLOOR IN LOCKER ROOMS, HALL,AND WAITING. EXTEND TO RINK DOOR@ EXTERIORNEW ULTILITYLOCATIONS IF REQ'D.EL = 179' - 2 1/2"EXISTINGLOCKERROOM LLOCKERROOM MWAITINGSLABSTORAGESTORAGESTORAGET.O. SLABEL. = 181' - 0"T.O. SLABEL. = 179' - 0"R S P A R C H I T E C T SSt. Louis Park, Minnesota October 8, 2014RINK LEVEL - PHASE 2Study Session Meeting of October 27, 2014 (Item No. 2) Title: Outdoor Refrigerated Ice Schematic Design Presentation Page 6 R S P A R C H I T E C T SSt. Louis Park, Minnesota October 8, 2014 1" = 20'-0"NORTH ELEVATION - PHASE 11 1" = 20'-0"NORTH ELEVATION - PHASE 22Study Session Meeting of October 27, 2014 (Item No. 2) Title: Outdoor Refrigerated Ice Schematic Design Presentation Page 7 R S P A R C H I T E C T SSt. Louis Park, Minnesota October 8, 2014VIEW FROM 36TH - PHASE 1Study Session Meeting of October 27, 2014 (Item No. 2) Title: Outdoor Refrigerated Ice Schematic Design Presentation Page 8 R S P A R C H I T E C T SSt. Louis Park, Minnesota October 8, 2014ENTRY PLAZA - PHASE 1Study Session Meeting of October 27, 2014 (Item No. 2) Title: Outdoor Refrigerated Ice Schematic Design Presentation Page 9 R S P A R C H I T E C T SSt. Louis Park, Minnesota October 8, 2014ENTRY PLAZA - PHASE 2Study Session Meeting of October 27, 2014 (Item No. 2) Title: Outdoor Refrigerated Ice Schematic Design Presentation Page 10 R S P A R C H I T E C T SSt. Louis Park, Minnesota October 8, 2014VIEW FROM POOL DECKStudy Session Meeting of October 27, 2014 (Item No. 2) Title: Outdoor Refrigerated Ice Schematic Design Presentation Page 11 BUDGET SUMMARY ESTIMATE DATE: PROJECT: ARCHITECT: DRAWING DATE: Base DESCRIPTION Notes Estimate Construction Costs Roof Structure - Rink $1,841,840 Ice Rink $549,945 Dasher Boards $178,500 Zamboni Room $59,604 Zamboni Used machine $60,000 Earthwork $159,798 Asphalt $35,658 Site Concrete $48,800 Retaining Walls $28,700 Site Utilities Allowance $50,000 Landscaping Allowance $15,000 Survey $3,500 General Conditions $120,000 Temp Fencing $5,768 General Liability Insurance $28,414 Builders Risk Insurance $7,893 Building Permit $44,997 Bond $31,719 Subtotal Construction Costs $3,270,136 Escalation Escalation: $98,104 Contingency Contingency: $235,777 Contractor's Fee 2.95%$106,318 A&E Design Fees $205,000 Additional Capacity to Refrigeration $250,000 Turf $175,000 Construction Estimate Total $4,340,335 Phase I ***Add $30,000 for new propane or add $65,000 for new electric resurfacer. St. Louis Park Ice Sheet RSP Architects September 29, 2014 October 20, 2014 Study Session Meeting of October 27, 2014 (Item No. 2) Title: Outdoor Refrigerated Ice Schematic Design Presentation Page 12 ESTIMATE DATE: PROJECT: ARCHITECT: DRAWING DATE: St. Louis Park Ice Sheet RSP Architects September 29, 2014 October 20, 2014 Base DESCRIPTION Notes Estimate Construction Costs Building Expansion 6,000Sf (team rooms, storage and exterior $1,280,322 SAC/WAC Fees Allowance $15,000 A&E Design Fees In Phase I $0 Estimate Total $1,295,322 ***Potential cost savings of $125,000 if all phases completed as one project. Phase I Estimate Total:$4,340,335 Phase II Estimate Total:$1,295,322 Total Combined Estimate:$5,635,657 ALTERNATES: No. 1:Add $78,657 No. 2:Add $272,794 No. 3:Add $142,818 No. 4:Add $16,450 No. 5:Add $114,675 Sub-Total:$625,393 Fire pit and structure. Pool terrace extended slab. Concrete slab-on-grade with ramp in lieu of sloped grass. Phase II Expand Zamboni structure to create Nest viewing area. Single level storage area. Add a second level to storage area. Study Session Meeting of October 27, 2014 (Item No. 2) Title: Outdoor Refrigerated Ice Schematic Design Presentation Page 13 Meeting: Study Session Meeting Date: October 27, 2014 Discussion Item: 3 EXECUTIVE SUMMARY TITLE: Community Center Update RECOMMENDED ACTION: Staff desires direction on the policy questions noted below. POLICY CONSIDERATION: Which of the following options would Council like to pursue? • Table this item until a later date when more information is known about financial obligations the City may face for other significant capital projects such as SWLRT. • Continue to move forward with the Community Center project and commence a comprehensive process of reaching out to the community for their input. • Some combination of the above. SUMMARY: The City Council authorized staff to enter into the schematic design at their May 19, 2014 meeting. Moving to the schematic design gets us to the point of more accurate cost estimating and building renderings so that we could gather public input when the City Council is ready to take that step. Staff believes we have all of the necessary information to move into the public process whenever Council is ready to do so. The Schematic Design phase of the project recently finished. As discussed later in this report. the total estimated cost of the project is approximately $48 million in 2016 dollars. The construction of a project of this scale happens in steps.. Although they need to happen in order, there can be time in between each step. Nothing is lost by putting a hold on the project after the schematic design. If the Council wishes to continue moving forward, the next step from a building design perspective would be Design Development. The cost for design development for the entire project would be approximately $900,000. Since the project can be built in phases, the estimated Design Development cost for Phase 1 is approximately $600,000. The following consultants were used for the schematic design phase: Hammel, Green and Abrahamson, Inc (HGA) for the architecture and engineering, RJM for the cost estimating, American Engineering Testing for the soils testing, and Sunde for the survey work. Bob DeGroot also provided guidance as an independent contractor on the soils analysis. FINANCIAL OR BUDGET CONSIDERATION: The cost associated with the schematic design phase has been paid from the Park Improvement Fund (PIF). If the project moves forward the project would be funded via the issuance of GO Bonds. At that time the PIF Fund would be reimbursed for the cost of the schematic design. VISION CONSIDERATION: St. Louis Park is committed to being a connected and engaged community. SUPPORTING DOCUMENTS: Discussion Schematic Design from HGA Cost Estimates from RJM Prepared by: Cindy S. Walsh, Director of Operations and Recreation Approved by: Tom Harmening, City Manager Study Session Meeting of October 27, 2014 (Item No. 3) Page 2 Title: Community Center Update DISCUSSION BACKGROUND: Hammel, Green and Abrahamson, Inc. (HGA) has acted as architect and engineer to assist in the schematic design of a community center project. They have experience in designing and building community centers around the metro area as well as other states. PRESENT CONSIDERATIONS: The building design and cost analysis were based on recommendations from the Task Force and include all of the program components that were desired by the community. PROGRAM COMPONENT ASSUMPTIONS: The following program components were recommended by the Task Force. The data that the Task Force used came from the two surveys that were done in the community. During this phase of planning, staff and the consultant went through each component to ensure allocation of appropriate space and amenities associated with each of the items. The following is a list of amenities included in the current analysis: Gymnasium The gym is proposed to hold two full-size basketball courts with a drop down curtain in the middle separating them. There will be a set of bleachers that pull out from the wall on each side. At this time we are considering a multi-purpose poured floor rather than a traditional wood floor. There are two reasons for this. First, it is less expensive to build and less expensive to maintain. Second, it can be used for multi-purpose events including all sports, tricycles and other equipment used for children events. It can also be used for special events where tables and chairs are set up without worrying about scratching the wood floors. Staff envisions programming the gyms as well as having them available for drop-in basketball. The current gyms in the schools are overused by traveling sports so there is no time for kids and adults to drop-in and play. We would also like to look at an area in the back of one of the courts where we could drop in a batting cage similar to what Chaska and other communities do in their gymnasiums. Aquatics The trend in pool construction is to have areas for lap swimming, deep water and leisure/fun areas. To accommodate that, a lap pool is proposed with six lanes that would have deep water at one end. The deep water could be used for various events (scuba diving classes, etc.) as well as hold a diving board and a climbing wall. The leisure pool would have youth play features and slides with a zero depth entry area. An ADA accessible ramp is recommended for the lap pool. That will allow all ages and abilities access to the pool as well as allow us to hold specialty classes for people with MS or those recovering from surgeries. This is another reason we are exploring a partnership with a physical therapy group. Swimming lessons could be held at either or both pools depending on the age of kids. At this time, Community Education offers the swimming lessons at the schools. We would explore a partnership with them. Because of the cleaning issues associated with a hot tub or spa, staff is not recommending one for this facility. Drop-in Child Care This child care is only for parents and care givers who are using the facility. This is a facility that can be used by people who are at the building for a period of 1 - 2 hours. A full-time day care is not being proposed. Study Session Meeting of October 27, 2014 (Item No. 3) Page 3 Title: Community Center Update Community Room The capacity for this room wasn’t fully defined in the Task Force process. From the feedback received from the Council and residents, staff is proposing a room with a capacity of approximately 250 people. The proposed room would be approximately 4,000 - 4,500 square feet. A caterer’s kitchen will likely need to be attached so that the room can be used by a variety of groups. This room can be reserved for a variety of functions and events. The Banquet Room at the Rec Center holds up to 160 people. We receive requests for various events that we are unable to accommodate because of the current size of the Banquet Room.. Commons/Gathering Place This would be near the front entrance and serve as a gathering place for people in the community. The furniture would be stationary. A coffee shop/café would be adjacent to this space. Providing a gathering place was the number one comment that we heard from the community through the Vison process and early surveys. Kid’s Play Area It is proposed to have a climbing stationary feature along with a large motor play area with a variety of toys for kids to play with. Track The track is shown above the gymnasium and fitness room. This track is one of the “wow” features of the building. It has great views to the outside and is longer than most indoor tracks with 5 laps to a mile. Fitness The two components of fitness are the exercise equipment and fitness studios where classes are held. Since the trends in fitness classes change, we want to be able to adapt to those new classes. We are proposing three rooms: large, medium and small to accommodate a variety of classes. Actual sizes of the rooms are still being researched. Appropriate storage needs to be adjacent to the rooms to hold equipment such as mats, balls, bikes, etc. Party Rooms One of the biggest revenue generators in other community centers is the ability to hold birthday parties. Staff is proposing party rooms near the pool and possibly near the Kid’s Play area. CONSTRUCTION COST ESTIMATES: The cost of constructing the entire project at once is estimated to be $47,961,920. That includes architectural and engineering fees, contingency and a construction escalation fee for 2016 construction and removal of all contaminated soils that will have to be hauled off site. POSSIBLE PHASING SCENARIOS: The building could be planned and constructed in two phases. The second phase of the building could be added at any time. The attached diagram shows the two possible phases. It is recommended to build the entire parking ramp in the first phase. It is not economically feasible to add a level to the ramp at a later date. In addition to the cost, it would have a major operational impact on the site. The ramp would need to be closed down during the construction of the additional parking deck which would prove to be challenging with very limited parking available on site. It is possible that Council could decide to start with Phase 1 and not build phase 2. The cost estimates are based on construction costs for Study Session Meeting of October 27, 2014 (Item No. 3) Page 4 Title: Community Center Update 2016. Contingencies are built into these costs. Soils correction and removal of any contaminated soils is included in this estimate. All soils that are disturbed during this project will need to be hauled off site and disposed of in a hazardous waste landfill. The following is a phasing scenario: There is a price premium to phasing this project. Both phases done separately will cost more than if it were all done at once. Phase 1: Gymnasium and dry land wellness components (gym, locker rooms, drop-in child care, kids play area, fitness equipment and fitness group exercise rooms, lobby, and community gathering commons and community Room/Banquet meeting room (meeting room to hold 250 people for large events). Also included in this is the entire parking ramp. The cost for the parking ramp portion of is $9,122,531. The total cost of Phase 1 is $39,718,867. Phase 2: The Indoor Aquatic Park is the second phase. The cost of doing this separately is $9,533,028 When done separately the phased project has a total price of $49,251,895. FINANCING: Financing for the proposed Community Center would be through the issuance of General Obligation (G.O.) Bonds for the entire cost of the project with an assumed 20 year term on the bonds. Based on a $30 - $50 million Community Center project, the property tax impact on a residential homesteaded median value home of $204,700 would be an increase of approximately $81 - $134 over a two year period, or approximately $41 - $67 increase per year for the City share of property taxes. This equates to approximately a 8.6% - 14.4% increase in the City share of property taxes over a two year period, or approximately 4.3% - 7.2% increase per year. These estimates are only for construction costs of the proposed Community Center and do not factor in the estimated operating loss, any property tax levy increases for the general operating levy, or any other significant capital projects such as sidewalks and trails, SWLRT etc. NOTE: The last time the Council discussed this matter it was requested that staff consider how new development growth in the community might help mitigate property tax impacts to our residents and to incorporate that into its analysis. After spending time trying to develop a model, it was determined that there was not a reliable way to do this given many unknowns. For example, many of our more sizable redevelopment projects utilize tax increment districts, which actually capture value for an extended period of time. Another example relates to economic downturns and markets. Attempting to project what might happen in the future is a guess at best. Having said the above, staff could still incorporate certain assumptions in its estimates of property tax impacts but would strongly encourage against it as the results would be speculative. ESTIMATED OPERATING COSTS: Staff has worked with the firm of Ballard & King to assist with an Operating Analysis estimate. Jeff King took the program components outlined in this report to design an operating budget and revenue projections. Jeff King has estimated expense and revenue projections for many community centers throughout the United States. The cost recovery rate is estimated conservatively at 65%. That includes the anticipated increase in full time staff as well as part time staff, utilities, program expenses, supplies and other miscellaneous items needed to run a facility. The revenue projections include memberships and daily admissions (anticipating several options) as well as rental revenue obtained from the community room. We can certainly recover more than that by increasing fees. At this time, our fees are similar to that of other Community Centers. Study Session Meeting of October 27, 2014 (Item No. 3) Page 5 Title: Community Center Update Staff also explored the maintenance/operating expenses for parking ramps. Although we do not anticipate much for maintenance costs the first 1 - 5 years (with the exception of snow removal), the annual maintenance for parking ramps is approximately $120-$130 per stall per year. If we are looking at 688 stalls that is $82,560 - $89,440 per year in ramp maintenance expenses (plowing, crack sealing, painting, lighting, etc.). POSSIBLE PARTNERSHIP WITH THE YMCA: We were approached by the JCC and YMCA about a possible partnership. In early discussions, the JCC was not sure they were going to continue to be in the fitness business. At this time, the JCC is still undergoing some long range planning and is unsure of how the future for them may look. The potential partnership now appears to be with the YMCA. We have shared our building program components, design layout and pro forma with them. If the City were interested in a partnership with the YMCA, they responded with the following proposal: • They would propose reducing the building footprint from approximately 105,000 square feet to 50,000 square feet. They did not provide details regarding what would be removed. • They are not in a position to invest any capital money in building the facility. However, they are interested in willing in running the programming in the new building. • They proposed that the name of the building would be the YMCA of St. Louis Park. • They would propose charging more for memberships than we are showing in our pro forma (which is similar to other Community Centers in the metro area). Their prices would be about 15% less than private facilities. • They would want to offer all of their typical programs. Some of those may compete with programs that are offered by Parks and Recreation and the School District through Community Education. SUSTAINABILITY: The committee reviewed several ideas that are culturally and physically specific to this project. While LEED certification has not been determined, the team reviewed a preliminary planning matrix and believes a LEED Certified project is easily attainable. With some effort, the team thinks a LEED Gold certification could be achieved. Additionally, the team identified LEED Platinum as a stretch goal if there was a desire by the City to make a statement with this project. When evaluating strategies, the team encourages the City to look at long term value to the community and consider longer paybacks. The following is a list of sustainable strategies currently incorporated into the project: 1. Use of low VOC materials and views to outdoors. 2. High performance HVAC systems and lighting controls. 3. Low flow plumbing fixtures. 4. Reduced irrigation water. 5. Enhanced pool filtration and circulation system. 6. Diversion of construction waste and use of recycled and regional materials. 7. Improved storm water management practices to exceed regulatory requirements. 8. Green roof over indoor aquatics program to reduce on site infiltration requirements. 9. Encourage alternative transportation through connections to larger trail systems for bikes and pedestrians and promoting bus and LRT infrastructure. 10. Utilization of measurement, verification and commissioning to track and report over-all building performance. Study Session Meeting of October 27, 2014 (Item No. 3) Page 6 Title: Community Center Update EXISTING REC CENTER CAPITAL ITEMS: It is important to note that The Rec Center has a number of improvements identified in the existing five year capital plan totaling $6.5 million to be funded from the Park Improvement Fund. The largest expense will occur in 2016 with the change to a new refrigeration system ($4.8 million). The remaining funds will replace or refurbishing existing amenities. We will need to reconstruct all or portion of the outdoor aquatic park. Some of this may include redesign and adding features. Staff’s recommendation is that if a community center is added, we may continue with the majority of the outdoor pool features we have and look at replacing some features. If we do not go forward with a community center, we should consider new additions to the outdoor aquatic park to keep it fresh and fun for residents and visitors and keep it competitive in the market place. NEXT STEPS: Applying for Grants to assist in further soils study: Staff feels comfortable with the environmental assessments done thus far but would still want more work done before a final decision is made to move forward. There is a possibility of applying for three different grants to assist in the additional site assessment and a Response Action Plan (RAP). Staff suggests applying for all three of these to pay for the majority of the additional soils and environmental exploration of the site. Applying for these grants does not guarantee the City will go forward with the project. The first grant is the Hennepin County Environmental Response Fund. The second is the Met Council Tax Based Revitalization Account. This grants looks at jobs we are creating and livability in the City. The location of Wolfe Park makes this a good candidate. The third one is the Minnesota Employment of Economic Development (DEED) grant which is a Contamination Investigation and RAP Development Grant. The City could apply for these grants and do the additional work (test pits and vapor testing) without committing to the project. The maximum grant from all of these is $50,000. There will be some matching money required for this. Some of this matching money we have already expended during the schematic design phase just finished. There could be additional matching money needed which is anticipated to be in the $5,000 -$10,000 range. Public Process: If the Council wishes to continue moving forward, the next step would include public process. If Council is ready to pursue that option, staff would like to come back to an upcoming Council meeting to lay out the specifics of the process. If the project keeps progressing after public process, the next step would be design development. city council study session october 27, 2014 1575-004 Project Site Orientation WEST 36TH STREET TEMPORARY SKATE PARK PARKING STRUCTURE 688 vehicles OUTDOOR REFRIGERATED RINK EXISTING REC CENTER COMMUNITY CENTER 1. entry plaza 2. commons 3. terrace 4. community room 5. gymnasium 6. fitness center 7. indoor running track 8. aquatic center 9. lawn 10. project boundaryMO N T E R E Y D R I V E 1 2 5 3 4 6 8 910 7 ST. LOUIS PARK COMMUNITY CENTER & OUTDOOR REFRIGERATED RINK Study Session Meeting of October 27, 2014 (Item No. 3) Title: Community Center Update Page 7 ST. LOUIS PARK COMMUNITY CENTER city council study session october 27, 2014 1575-004 1 Community Center Site Plan 1. FORESTED PARKING SCREEN The perimiter of the site is treated as a landscape tapestry. Planted with a variety of species with varying heights and foliage colors. Extending the park to the streets edge, The landscaped “screen” is artfully illuminated to provide visual interest and depth, shrouding the parking structure and highlighting the natural character of the park. 2. PARKING STRUCTURE Three levels above grade 172 stalls per level = 688 stalls 3. ENTRY DRIVE The entry drive off of west 36th street serves as the main entry and provides vehicular access to the ramp, access to bus drop off and parking, as well as pedestrian access. The entrance off or Monterey Drive serves the parking ramp. 4. ENTRY COURT The entry court, as an extension of the building commons and the Community terrace acts as a gathering space and a pedestrian connection between the entry drive,the common spaces of the community center, and the Rec Center. The landscaped Western side of the court is home to the relocated Evelyn Raymond Sculpture 5. COMMUNITY TERRACE The terrace serves as a connection between Wolfe Park and the commons space. It provides an intimate setting for events taking place in the community room. 6. RENOVATED HOCKEY ENTRANCE In an effort to create a more cohesive entry court, the existing hockey lobby will be replaced with one of a more appropriate scale and material palette. The renovated entrance will have a reduced vestibule and a waiting area which overlooks the entry court and dropoff areq. 7. WEST COURTYARD The west courtyard is an intimate landscaped area between the existing Rec Center and the new Community Center. Views into the courtyard greet patrons using the indoor and outdoor aquatics as they arrive at the locker rooms. 8. OUTDOOR SHOWERS Located adjacent to the locker rooms, as well as the West Courtyard, the outdoor showers serve the outdoor aquatics program, and have the opportunity to be a “water feature” more than just a functional shower area. 9. RELOCATED LAWN The lawn is a relocation of the picnic space that exists on the current sitein the area of the new Community Center. It will be replaced as the same area as the existing lawn. 10. DELIVERY ACCESS DRIVE The lawn is a relocation of the picnic space that exists on the current sitein the area of the new Community Center. It will be replaced as the same area as the existing lawn. 11. BUS DROP OFF The bus drop off is sized to accomodate 3 busses. 12. BUS PARKING There are 2 bus parking areas - each accomodating 2 busses 13. RELOCATED OUTDOOR BASKETBALL COURT 14. RELOCATED OUTDOOR VOLLEYBALL COURT 15. OUTDOOR REFRIGERATED RINK - BY OTHERS 100’ 150’ 200’ 250’225’ 1 15 1 3 3 11 2 13 14 5 4 6 7 8 9 12 12 10 WEST 36TH STREET MO N T E R E Y D R I V E Study Session Meeting of October 27, 2014 (Item No. 3) Title: Community Center Update Page 8 ST. LOUIS PARK COMMUNITY CENTER city council study session october 27, 2014 1575-004 2 First Floor Plan 1. LOBBY AND FRONT DESK 2. COMMONS AREA 3. COMMUNITY ROOM 250 SEATS 4. CONCESSIONS 5. OFFICE AND PROGRAM SUPPORT 6. INDOOR KID’S PLAY AREA 7. DROP-IN CHILD CARE 8. WOMENS LOCKER ROOM 9. MENS LOCKER ROOM 10. FAMILY LOCKER ROOM 11. LEISURE POOL 12. LAP POOL 13. PARTY ROOM 14. GYMNASIUM 15. BUILDING SERVICES 16. RENOVATED HOCKY ENTRANCE 17. TRAINING DESK 18. LARGE STUDIO SPACE 19. MEDIUM STUDIO SPACE 20. SMALL STUDIO SPACE 21. CARDIO 22. CIRCUIT TRAINING 23. FREE WEIGHTS 24. RUNNING / WALKING TRACK 5 LAPS = 1 MILE 25. MECHANICAL 26. GREEN ROOF 27. ENTRY COURT w/ relocated Evelyn Raymond sculpture 28. COMMUNITY TERRACE 29. WEST COURTYARD 16 27 2 28 1 529 15 10 9 8 7 6 4 13 13 11 12 3 13 13 14 0’8’ 16’32’ Study Session Meeting of October 27, 2014 (Item No. 3) Title: Community Center Update Page 9 ST. LOUIS PARK COMMUNITY CENTER city council study session october 27, 2014 1575-004 3 Second Floor Plan 17 20 2523 22 2124 26 26 1. LOBBY AND FRONT DESK 2. COMMONS AREA 3. COMM UNITY ROOM 250 SEATS 4. CONCESSIONS 5. OFFICE AND PROGRAM SUPPORT 6. INDOOR KID’S PLAY AREA 7. DROP-IN CHILD CARE 8. WOMENS LOCKER ROOM 9. MENS LOCKER ROOM 10. FAMILY LOCKER ROOM 11. LEISURE POOL 12. LAP POOL 13. PARTY ROOM 14. GYMNASIUM 15. BUILDING SERVICES 16. RENOVATED HOCKY ENTRANCE 17. TRAINING DESK 18. LARGE STUDIO SPACE 19. MEDIUM STUDIO SPACE 20. SMALL STUDIO SPACE 21. CARDIO 22. CIRCUIT TRAINING 23. FREE WEIGHTS 24. RUNNING / WALKING TRACK 5 LAPS = 1 MILE 25. MECHANICAL 26. GREEN ROOF 27. ENTRY COURT w/ relocated Evelyn Raymond sculpture 28. COMMUNITY TERRACE 29. WEST COURTYARD 26 25 19 18 24 0’8’ 16’32’ Study Session Meeting of October 27, 2014 (Item No. 3) Title: Community Center Update Page 10 ST. LOUIS PARK COMMUNITY CENTER city council study session october 27, 2014 1575-004 4 Material Palette Semi Reflective Glass Internally Shaded GlassColored Precast Concrete Clear Glass Clear Glass with Frit Spandrel Glass with Frit Anodized AluminumGreen Roof Study Session Meeting of October 27, 2014 (Item No. 3) Title: Community Center Update Page 11 ST. LOUIS PARK COMMUNITY CENTER city council study session october 27, 2014 1575-004 5 Entry Birdseye Study Session Meeting of October 27, 2014 (Item No. 3) Title: Community Center Update Page 12 ST. LOUIS PARK COMMUNITY CENTER city council study session october 27, 2014 1575-004 6 Entry Terrace Study Session Meeting of October 27, 2014 (Item No. 3) Title: Community Center Update Page 13 ST. LOUIS PARK COMMUNITY CENTER city council study session october 27, 2014 1575-004 7 Community Center Commons Study Session Meeting of October 27, 2014 (Item No. 3) Title: Community Center Update Page 14 ST. LOUIS PARK COMMUNITY CENTER city council study session october 27, 2014 1575-004 8 Community Terrace Study Session Meeting of October 27, 2014 (Item No. 3) Title: Community Center Update Page 15 ST. LOUIS PARK COMMUNITY CENTER city council study session october 27, 2014 1575-004 9 view from the Southeast Study Session Meeting of October 27, 2014 (Item No. 3) Title: Community Center Update Page 16 ST. LOUIS PARK COMMUNITY CENTER city council study session october 27, 2014 1575-004 10 Cost Estimate and Phasing ESTIMATE SUMMARY - COMMUNITY CENTER FULL SCOPE ESTIMATE DATE: PROJECT: ARCHITECT: DRAWING DATE: Base DESCRIPTION Estimate Construction Estimate Total $30,994,856 Parking Ramp $9,122,531 Façade Enhancement / Public Art Allowance $1,000,000 Other Costs $1,239,794 Architectural & Engineering Costs $2,467,043 Project Contingency $3,137,696 Total Project Estimate $47,961,920 October 10, 2014 SAC / WAC St. Louis Park Community Center - SD Estimate HGA Architects August 12, 2014 NOTES 2016 Start Date 2016 Start Date Soil Borings Site Survey Testing & Special Inspections FFE ( funiture, fixtures & equipment ) Signage Artwork Phone & Data Audio Visual Security Systems Computer Systems and Equipment SINGLE PHASE CONSTRUCTION Study Session Meeting of October 27, 2014 (Item No. 3) Title: Community Center Update Page 17 ST. LOUIS PARK COMMUNITY CENTER city council study session october 27, 2014 1575-004 11 Cost Estimate and Phasing ESTIMATE SUMMARY - PHASE 1 ESTIMATE DATE: PROJECT: ARCHITECT: DRAWING DATE: Base DESCRIPTION Estimate Phase 1 Construction Estimate Total $23,991,413 Parking Ramp $9,122,531 Façade Enhancement / Public Art Allowance $1,000,000 Other Costs $959,657 Architectural & Engineering Costs $2,046,837 Project Contingency $2,598,431 Total Phase 1 Project Estimate $39,718,867 Phone & Data Security Systems Audio Visual Computer Systems and Equipment FFE ( funiture, fixtures & equipment ) Signage Artwork Soil Borings Site Survey Testing & Special Inspections NOTES 2016 Start Date SAC / WAC St. Louis Park Community Center - SD Estimate HGA Architects August 12, 2014 October 10, 2014 PHASE I gymnasium office locker room lobby kids play area community gathering fitness + track commons childcare center multipurpose room Study Session Meeting of October 27, 2014 (Item No. 3) Title: Community Center Update Page 18 ST. LOUIS PARK COMMUNITY CENTER city council study session october 27, 2014 1575-004 12 Cost Estimate and Phasing PHASE II aquatics aquatics support ESTIMATE SUMMARY - PHASE 2 ESTIMATE DATE: PROJECT: ARCHITECT: DRAWING DATE: Base DESCRIPTION Estimate Construction Costs Phase 2 Construction Estimate Total $8,099,429 Other Costs $323,977 Architectural & Engineering Costs $485,966 Project Contingency $623,656 Total Phase 2 Project Estimate $9,533,028 FFE ( funiture, fixtures & equipment ) Signage Artwork Phone & Data Audio Visual NOTES 2020 Start Date SAC / WAC Computer Systems and Equipment Security Systems Soil Borings Site Survey Testing & Special Inspections St. Louis Park Community Center - SD Estimate HGA Architects August 12, 2014 October 10, 2014 * Completing the project in 2 phases results in a total project cost increase of $1,289,975.00 This cost increase is a result of escalation, remobilization and deconstruction costs. Study Session Meeting of October 27, 2014 (Item No. 3) Title: Community Center Update Page 19 Meeting: Study Session Meeting Date: October 27, 2014 Discussion Item: 4 EXECUTIVE SUMMARY TITLE: Southwest LRT Update RECOMMENDED ACTION: No formal action at this time. Staff desires feedback on the information provided in this report. POLICY CONSIDERATION: What Locally Requested Capital Improvements should the City commit to fund for design and engineering. SUMMARY: Staff is working on a number of items related to the SWLRT project. This report and the discussion at the study session is to (1) provide a broad overview of current planning and engineering activities; and (2) to discuss the most issues for St. Louis Park. Attached are updates for several areas including, SWLRT project schedule; Community Works activities; updates on the process moving forward, including agreements, grant applications, and station planning. For St. Louis Park, several policy decisions are needed in the next few months related to the Locally Requested Capital Investments (LRCIs), which are potential improvements that would need some local funding. To pursue our LRCIs, the City will need to cover the costs of the design process, which is significant in some cases. For a LRCI to be included in the SWLRT project the Met Council will require the City to commit to fund the design cost for the LRCI in a formal agreement prior to the start of the Advanced Design phase of the SWLRT project early in 2015. In the next couple months, ideally by the end of this year, the City needs to decide which LRCIs if not all of our LRCIs we are fund through Advanced Design. This will be the focus of discussion at this meeting. NEXT STEPS: Follow-up analysis and/or discussion and approval of agreements with the Met Council for design and environmental design costs as needed. VISION CONSIDERATION: St. Louis Park is committed to being a connected and engaged community. SUPPORTING DOCUMENTS: Discussion Prepared by: Meg J. McMonigal, Planning and Zoning Supervisor Reviewed by: Kevin Locke, Community Development Director Approved by: Tom Harmening, City Manager Study Session Meeting of October 27, 2014 (Item No. 4) Page 2 Title: Southwest LRT Update Discussion SWLRT Project Schedule: Time Period Milestone 4-9-2014 Scope and Budget Approval 7-9-2014 Revised Scope and Budget approval 4-22 to 8-29-2014 Municipal Consent 8-25-2014 Final FTA Guidance on JD development released September 2014 New Starts Application submitted to FTA Q4 2014 Advanced Design Consultants selected Q1 2015 Advanced Design Begins Q4 2015 Record of Decision FTA approval to enter Engineering Q2 2016 Construction bids New Starts Application for FFGA Q4 2016 Full Funding Grant Agreement (FTA approval) 2016 - 2018 Heavy Construction 2019 Revenue Operation The Preliminary Design Plans can be found at www.stlouispark.org/webfiles/file/community- dev/swlrt_plans.pdf. Study Session Meeting of October 27, 2014 (Item No. 4) Page 3 Title: Southwest LRT Update Updates: Community Works Activities Housing: The Community Works Steering Committee has completed the Corridor Housing Inventory and is reviewing the second phase of study, the Housing Gaps Analysis. The third step is to develop a strategy for addressing those gaps. Additional information will be coming on this topic at future meetings. Master Development Strategies: Community Works is funding a consultant to complete a Master Development Strategy (MDS) for four of the stations, including the Beltline station in St. Louis Park. This process is to create a strategy that is grounded in real estate market realities and catalyze new TOD. It will include a market analysis, creating preferred development programs, and outline specific implementation steps necessary to make the transition to a walkable transit- supportive district. This process will be a $100,000- $150,000 effort for each station and take approximately 12 months throughout 2015. Moving the Market: McKnight Foundation awarded a grant to Hennepin County, MEDA and NDC to collaborate on Employment Transit Oriented Development (ETOD) opportunities along the corridor. The intent is to transform LRT station areas into places where employment, entrepreneurial opportunities, support services and amenities exist; and to expand minority- owned businesses and create new jobs for communities of color. This is a $750,000 effort that will be developed throughout 2015. Bicycle Facilities Assessment: Community Works is leading an effort to develop a strategy to maximize trail usage and LRT interface. This will be an approximately $110,000 effort with some funding provided by Three Rivers Park District. The expected completion date is September ’15. Grant Applications It is expected the City will pursue a number of grants in the coming years related to identified/ needed improvements. Currently the staff is writing a grant for Congestion Mitigation Air Quality (CMAQ) federal funds administered through the Met Council to construct a park and ride ramp at the Beltline station (versus a surface parking lot). The intent is this will facilitate mixed-use development near the station. This application is due in early December for funds to be disbursed in 2017. A resolution approving the application submittal will be presented to the City Council for approval on November 17th. Station Planning Met Council’s Southwest Project Office (SPO) is working on the station design approach. Designers are beginning to create prototypes for the line. The intent is that stations will not be identical, however will match in terms of elements, based on the type of station and the local surroundings. A public art process will be a part of this effort. Additional information on this work and public process will be forthcoming after the first of the year. Study Session Meeting of October 27, 2014 (Item No. 4) Page 4 Title: Southwest LRT Update Agreements As a part of the project, several agreements with the Met Council will be necessary. A Master Funding Agreement (MFA) sets up the overall framework for the transfer of funds from the Council to the City and from the City to the Council as necessary throughout the project. Met Council is asking cities to complete this agreement by the end of the year. This agreement does not commit any funds, but rather it sets out a process for transferring funds when approved to do so by Met Council and the City. A Subordinate Funding Agreement (SFA) will be required for individual work projects. For example if the City wants to pursue the LRCI items, initially a SFA will be needed to layout the scope of the LRCI, and provide a method of payment for the design and environmental work to be completed by Met Council and paid for by the city or other agency. Prior to construction if the city decides to go forward with a LRCI and pay for a portion or all of it, another SFA will be necessary. Locally Requested Capital Improvements: Essentially by the first of the year, the City will need to commit to covering design and environmental costs for the LRCIs we wish to pursue. Agreements will need to be in place by early 2015. Below is the list of high priority LRCIs from the City’s resolution approving the SWLRT Municipal Consent Plans. At the City Council Study Session staff would like to review the list of LRCIs and get direction from the City Council on how to proceed, including what additional information or analysis the City Council needs to help it make these important decisions. LRCIs Table Locally Requested Capital Improvement Constr. Cost Est. Design Cost Est. Comments a. Cedar Lake Regional Trail grade separations (Wooddale Avenue and Beltline Boulevard) $7.5 mill. (note this is based on trail over Beltline) $750,000 It is anticipated that Three Rivers Park District will take lead with Hennepin County on the trail separations. b. Beltline Boulevard underpass $20 mil. $2.0 mil. Also has impacts on Joint Dev. Project, trail separations, Beltline circulation LRCI. c. Circulation and access improvements at Beltline Station - the extension of Lynn Avenue and a new road along the north side of the rail corridor - - SPO says City proposed changes construction & design cost neutral with exception of additional ROW acquisition costs which are as yet not known. d. Structured parking at the Beltline and a Joint Development project $7.9 mill. Net cost - Pkg Ramp part of Joint Development not a true LRCI. City applying for CMAQ grant to fund ramp. Study Session Meeting of October 27, 2014 (Item No. 4) Page 5 Title: Southwest LRT Update e. Xenwood Avenue underpass $13 mill. $1.3 mill. Anticipated to be funded thru TIF and grants. f. Pedestrian/bike connection to Methodist Hospital ? ? More discussion on this LRCI needed with SPO. g. Streetscape and engineering plans in accordance with City and the Community Works Investment Framework and Transitional Station Area Action Plan (TSAAP) elements - - Items to be determined during Advanced Design process. Meeting: Study Session Meeting Date: October 27, 2014 Written Report: 5 EXECUTIVE SUMMARY TITLE: September 2014 Monthly Financial Report RECOMMENDED ACTION: No action required at this time. POLICY CONSIDERATION: None at this time. SUMMARY: The Monthly Financial Report provides a summary of General Fund revenues and departmental expenditures and a comparison of budget to actual throughout the year. FINANCIAL OR BUDGET CONSIDERATION: At the end of September, General Fund expenditures total approximately 72.5% of the adopted annual budget, which is about 2.5% under where expenditures would normally be through September. Please see the attached analysis for more details. VISION CONSIDERATION: Not applicable. SUPPORTING DOCUMENTS: Discussion Summary of Revenues & Expenditures Prepared by: Darla Monson, Senior Accountant Reviewed by: Brian A. Swanson, Controller Nancy Deno, Deputy City Manager/HR Director Approved by: Tom Harmening, City Manager Study Session Meeting of October 27, 2014 (Item No. 5) Page 2 Title: September 2014 Monthly Financial Report DISCUSSION BACKGROUND: This report is designed to provide summary information of the overall level of revenues and departmental expenditures in the General Fund and a comparison of budget to actual throughout the year. PRESENT CONSIDERATIONS: Actual expenditures should generally run at about 75% of the annual budget at the end of September. Currently, General Fund expenditures are at approximately 72.5% of the adopted budget. Revenues tend to be harder to measure in this same way due to the timing of when they are received, examples of which include property taxes and State aid payments. A few brief comments on specific variances are noted below. Revenues: • License and permit revenues have already exceeded the total annual budget for the year at 102% through September. Business and liquor license revenues are exceeding the annual budgeted amount by 5% or $35,000. Permit revenues are also exceeding the annual budget through September by 1.5% or $31,000. Based on typical permit activity during the last quarter for the past several years, staff estimates that license and permit revenue could exceed the annual budget by as much as 20% in 2014. • Fine revenues are still exceeding budget by about 11%. Liquor violation and police court fines are running higher than budget and higher than the previous year. Expenditures: • The Accounting Division continues to be about 8% over budget because of the property and liability insurance premium expense. For simplicity, all property and liability premium expenses for General Fund departments are budgeted under Accounting. A budget amendment will be proposed later in the year to more accurately reflect the insurance costs. • Human Resources expenditures are exceeding budget by about 8% because of unbudgeted expenses related to the Health in the Park program. These additional expenses are offset by grant revenues and have no net effect on the overall budget. • Police is showing a small variance of about 1.4% in September. This is due in part to a one-time capital expense of $48,000 for upgrading the viper server using E911 funds. There is also a variance through September in Personal Services because of overtime and other staffing changes, which staff is continuing to monitor. • Public Works Administration continues to have a variance which relates to a staffing allocation and is being partially mitigated by underspending in supplies and services and other charges. The variance is caused by a budget allocation change for one of the admin positions splitting time between City Hall and the Municipal Service Center. The additional payroll expenses in Public Works Administration are offset in the Public Works Engineering budget, which is well under budget due to this and also the City Engineer position that has been vacant. A budget amendment will be proposed for these and other personnel related items later in the year. Study Session Meeting of October 27, 2014 (Item No. 5) Page 3 Title: September 2014 Monthly Financial Report • The Organized Recreation Division shows an expenditure variance of about 5% due to the fact that the full Community Education contribution for 2014 of $187,400 was paid to the school district early in the year. The timing of this payment is consistent with prior years, and the variance is expected to only be temporary. • The Rec Center Division is running about 7% over budget, which is typical of prior years following the summer pool season, because the annual budget for temporary seasonal staff has been fully spent. This expected to only be a temporary variance. • The Vehicle Maintenance Division continues to run a small overage of about 1% on expenditures because of overtime, tires, and repair parts. NEXT STEPS: None are required at this time. Summary of Revenues & Expenditures - General Fund As of September 30, 2014 20142014201220122013201320142014 Balance YTD Budget BudgetActual BudgetAudited Budget Sept YTD Remaining to Actual %General Fund Revenues: General Property Taxes20,169,798$ 20,209,604$ 20,657,724$ 21,987,968$ 21,157,724$ 11,118,240$ 10,039,484$ 52.55% Licenses and Permits2,375,399 3,241,812 2,481,603 3,069,088 2,691,518 2,757,274 (65,756) 102.44% Fines & Forfeits328,150 341,356 335,150 311,882 320,150 275,965 44,185 86.20% Intergovernmental1,232,579 1,365,023 1,300,191 2,031,355 1,282,777 614,971 667,806 47.94% Charges for Services2,341,104 2,169,631 1,837,976 1,779,259 1,857,718 1,435,351 422,367 77.26% Miscellaneous Revenue1,079,550 1,092,234 1,092,381 1,067,210 1,112,369 911,523 200,846 81.94% Transfers In2,023,003 2,066,136 1,816,563 1,805,223 1,837,416 1,359,312 478,104 73.98% Investment Earnings125,000 136,415 150,000 14,180 150,000 - 150,000 0.00% Other Income45,600 276,273 36,650 10,756 17,950 10,828 7,122 60.32%Total General Fund Revenues29,720,183$ 30,898,483$ 29,708,238$ 32,076,921$ 30,427,622$ 18,483,464$ 11,944,158$ 60.75%General Fund Expenditures: General Government: Administration1,012,554$ 977,392$ 877,099$ 890,883$ 939,391$ 704,698$ 234,693$ 75.02% Accounting641,691 639,999 827,320 819,458 767,094 634,640 132,454 82.73% Assessing517,840 518,271 543,855 543,202 559,749 418,199 141,550 74.71% Human Resources667,612 645,357 678,988 731,634 693,598 578,084 115,514 83.35% Community Development1,076,376 1,052,186 1,094,517 1,090,213 1,151,467 840,546 310,921 73.00% Facilities Maintenance1,083,128 972,481 1,074,920 1,058,127 1,053,715 752,634 301,081 71.43% Information Resources1,507,579 1,363,266 1,770,877 1,597,993 1,456,979 1,086,018 370,961 74.54% Communications & Marketing265,426 244,392 201,322 170,013 566,801 350,601 216,200 61.86% Community Outreach8,185 5,341 8,185 (22,450) 8,185 5,292 2,893 64.65% Engineering927,337 939,425 303,258 296,383 506,996 126,091 380,905 24.87%Total General Government7,707,728$ 7,358,111$ 7,380,341$ 7,175,456$ 7,703,975$ 5,496,803$ 2,207,172$ 71.35% Public Safety: Police7,273,723$ 7,124,784$ 7,443,637$ 7,225,579$ 7,571,315$ 5,780,482$ 1,790,833$ 76.35% Fire Protection3,346,931 3,291,655 3,330,263 3,246,162 3,458,161 2,575,642 882,519 74.48% Inspectional Services1,889,340 1,869,616 1,928,446 1,932,021 2,006,200 1,389,985 616,215 69.28%Total Public Safety12,509,994$ 12,286,055$ 12,702,346$ 12,403,762$ 13,035,676$ 9,746,109$ 3,289,567$ 74.76% Operations & Recreation: Public Works Administration389,783$ 378,852$ 393,054$ 288,207$ 222,994$ 172,333$ 50,661$ 77.28% Public Works Operations2,604,870 2,521,463 2,698,870 2,720,563 2,625,171 1,689,414 935,757 64.35% Organized Recreation1,305,747 1,352,273 1,280,117 1,256,678 1,290,038 1,037,031 253,007 80.39% Recreation Center1,466,246 1,516,121 1,449,930 1,501,627 1,543,881 1,264,769 279,112 81.92% Park Maintenance1,461,645 1,444,448 1,431,825 1,424,139 1,423,011 1,033,242 389,769 72.61% Westwood515,456 506,404 520,554 503,309 531,853 377,212 154,641 70.92% Environment390,009 382,378 430,876 434,297 433,750 253,480 180,270 58.44% Vehicle Maintenance1,188,705 1,326,153 1,240,325 1,268,559 1,285,489 975,671 309,818 75.90%Total Operations & Recreation9,322,461$ 9,428,091$ 9,445,551$ 9,397,379$ 9,356,187$ 6,803,152$ 2,553,035$ 72.71% Non-Departmental: General -$ 65,292$ -$ 256,627$ 4,000$ 1,126$ 2,874$ 28.16% Transfers Out- 1,160,000 - 60,000 - - - 0.00% Tax Court Petitions180,000 - 180,000 53,345 327,784 - 327,784 0.00%Total Non-Departmental180,000$ 1,225,292$ 180,000$ 369,972$ 331,784$ 1,126$ 330,658$ 0.34%Total General Fund Expenditures29,720,183$ 30,297,549$ 29,708,238$ 29,346,569$ 30,427,622$ 22,047,191$ 8,380,431$ 72.46%Study Session Meeting of October 27, 2014 (Item No. 5) Title: September 2014 Monthly Financial Report Page 4 Meeting: Study Session Meeting Date: October 27, 2014 Written Report: 6 EXECUTIVE SUMMARY TITLE: Third Quarter Investment Report (July – September 2014) RECOMMENDED ACTION: No action required at this time. POLICY CONSIDERATION: None at this time. SUMMARY: The Quarterly Investment Report provides an overview of the City’s investment portfolio, including the types of investments held, length of maturity, and yield. FINANCIAL OR BUDGET CONSIDERATION: The total portfolio value at September 30, 2014 was $43.1 million. Approximately 60% of the portfolio is in longer term investments that include agency bonds, municipal debt securities, and certificates of deposit. The remainder is held in money market accounts for cash flow needs and future investing opportunities. A consistent overall yield near 1% has been maintained for the past 12 to 18 months by balancing cash flow needs with longer term investment options. VISION CONSIDERATION: Not applicable. SUPPORTING DOCUMENTS: Discussion Investment Portfolio Summary Prepared by: Darla Monson, Senior Accountant Reviewed by: Brian A. Swanson, Controller Nancy Deno, Deputy City Manager/HR Director Approved by: Tom Harmening, City Manager Study Session Meeting of October 27, 2014 (Item No. 6) Page 2 Title: Third Quarter Investment Report (July – September 2014) DISCUSSION BACKGROUND: The City’s investment portfolio is focused on short term cash flow needs and investment in longer term securities. This is done in accordance with Minnesota Statute 118A and the City’s Investment Policy objectives of: 1) Preservation of capital; 2) Liquidity; and 3) Return on investment. PRESENT CONSIDERATIONS: The total portfolio value decreased by approximately $8 million in the third quarter from $51.1 million at 6/30/2014 to $43.1 million at 9/30/2014. The decrease was in money market funds and available cash. In addition to cash needed for the August 1 debt service and Pay As You Go TIF note payments, approximately $3.5 million was expended for the on-going monthly contract payments for the Louisiana Avenue and Highway 7 project and $1.9 million was paid to MnDOT for the upcoming Highway 100 reconstruction. Because the balances in the lower yielding money market accounts dropped by $8 million, the overall yield of the portfolio increased slightly to .86% from .71% in the second quarter. Cities generally use a benchmark such as the two year Treasury (.58% at 9/30/2014) or some similar measure for yield comparison of their overall portfolio. About 40% or $16.6 million of the portfolio is currently held in money markets. While some of this cash may be used to purchase longer term investments in the coming months, it is necessary to keep a large amount of cash available between property tax settlements for on-going cash flow needs for payroll, operating expenses, and capital project payments. The next property tax settlement will be received on December 1, 2014. Another 13% or $5.5 million of the portfolio is invested in fixed rate certificates of deposit. There are currently 23 CD’s in the portfolio, each with a face value of $240,000, which guarantees that each CD is insured by the FDIC up to $250,000. Five of these CD’s were purchased in the third quarter. Four of these were five year CD’s with rates ranging from 1.9% to 2.1%, and the other had a shorter term of 3.5 years with a rate to maturity of 1.35%. The remaining $21 million of the portfolio is invested in other long term securities, including municipal debt ($11 million) and agency bonds ($10 million). Municipal debt instruments are bonds issued by States, local governments, or school districts to finance special projects. Agency bonds are issued by government agencies such as the Federal Home Loan Bank or Fannie Mae. Agency bonds usually have higher interest rates to the final maturity date in five years, but the issuers have the right to call the bonds at specific intervals prior to maturity if interest rates decline. There were no bonds called during the third quarter, and there was only one municipal debt maturity. Here is a summary of the City’s portfolio at September 30, 2014: NEXT STEPS: None at this time. 06/30/14 09/30/14 <1 Year 60% 50% 1-2 Years 8% 9% 2-3 Years 10% 17% 3-4 Years 16% 14% >4 Years 6% 10% 06/30/14 09/30/14 Money Markets $24,731,633 $16,637,171 Commercial Paper $0 $0 Certificates of Deposit $4,303,454 $5,488,251 Municipal Debt $11,969,085 $10,902,960 Agency Bonds $10,057,589 $10,037,406 City of St. Louis Park Investment Portfolio Summary Sept 30, 2014 Institution/Broker Investment Type CUSIP Maturity Date Yield to Maturity Par Value Market Value at 9/30/2014 Estimated Avg Annual Income Citizens Indep Bank Money Market 0.08%3,046,638 3,046,638 2,437 4M Fund Money Market 0.02%5,007,733 5,007,733 1,002 Northeast Bank Money Market 0.40%5,008,333 5,008,333 20,033 UBS CD - First Bank PR Sant 33764JNF8 10/27/2014 0.80% 240,000 240,079 1,920 UBS CD - Doral Bank PR 25811L2L2 12/08/2014 0.85% 240,000 240,238 2,040 UBS CD - Amer Exp Cent UT 02587DLS5 01/26/2015 0.85% 240,000 240,370 2,040 UBS Muni Debt - Amer Munic Pwr Ohio 02765UER1 02/15/2015 1.54% 1,000,000 1,010,960 15,400 UBS Muni Debt - Gilroy, CA 376087CZ3 04/01/2015 1.81% 1,125,000 1,143,034 20,363 UBS Muni Debt - Dist of Columbia 25476FLE6 06/01/2015 1.33% 1,000,000 1,021,190 13,310 UBS CD - Apple Bank NY 0378304L7 09/14/2015 0.35% 240,000 239,558 840 UBS Muni Debt - Calif State 13063BNR9 10/01/2015 2.00% 1,000,000 1,023,450 20,000 UBS CD - BMW Bank UT 05568PZ59 10/26/2015 1.05% 240,000 241,224 2,520 UBS Muni Debt - Atl City, NJ 048339RR8 12/15/2015 2.70% 470,000 481,924 12,690 UBS CD - Barclays Bank DE 06740KFS1 01/11/2016 1.60% 240,000 243,310 3,840 UBS CD - Medallion Bank UT 58403BM52 05/09/2016 0.50% 240,000 238,997 1,200 UBS FNMA Step Up 3136FTXU8 12/29/2016 1.25% 1,000,000 1,002,410 12,500 UBS FHLMC 3134G3NN6 02/27/2017 0.72% 1,000,000 997,820 7,220 UBS CD - Discover Bank DE 254671AG5 05/02/2017 1.75% 240,000 242,520 4,200 UBS CD - GE Cap Retail Bank UT 36160NJZ3 05/04/2017 1.75% 240,000 243,317 4,200 UBS Muni Debt - N. Orange Cty CA 661334DR0 08/01/2017 1.01% 1,000,000 1,014,830 10,110 UBS CD - Sallie Mae Bnk UT 79545OPE9 08/29/2017 1.70% 240,000 243,108 4,080 UBS CD - Sun Natl Bank NJ 86682ABV2 10/03/2017 1.00% 240,000 242,830 2,400 UBS CD - Everbank Jacksonvl FL 29976DPB0 10/31/2017 1.00% 240,000 241,937 2,400 UBS CD - Comenity Bank DE 981996AX9 12/05/2017 1.25% 200,000 198,140 2,500 UBS CD - Banco Popular PR 05967ESG5 12/05/2017 1.10% 240,000 239,906 2,640 UBS FNMA 3136G1AJ8 01/30/2018 1.06% 1,000,000 993,290 10,630 UBS CD - Third Fed S&L Assn OH 88413QAT5 02/22/2018 1.35% 240,000 238,349 3,240 UBS FHLB 313381JW6 06/27/2018 0.92% 1,000,000 1,093,146 9,200 UBS Muni Debt - NYC Trans Fin Auth 64971QH55 11/01/2018 1.33% 1,000,000 992,730 13,280 UBS FHLB Step-up 3130A1A73 03/27/2019 2.00% 2,000,000 1,999,740 40,060 UBS CD - Cit Bank UT 17284CH49 06/04/2019 1.90% 240,000 238,886 4,560 UBS CD - Amer Exp F UT 02587CAC4 07/10/2019 1.95% 240,000 238,277 4,680 UBS CD - First Bk Highland IL 3191408W2 08/13/2019 2.00% 240,000 237,842 4,800 UBS CD - Webster Bk NA CT 94768NJX3 08/20/2019 1.90% 240,000 237,679 4,560 UBS CD - Bk Hapoalim BM NY 06251AD31 08/22/2019 2.10% 240,000 237,386 5,040 UBS Money Market 0.02% 3,574,467 3,574,467 715 21,112,944 Sterne, Agee Muni Debt - Smithfield, RI 832322NP2 01/15/2015 1.90% 275,000 276,312 5,225 Sterne, Agee Muni Deb - Smithfield, RI 832322NQ0 01/15/2016 2.40% 275,000 280,984 6,600 Sterne, Agee Muni Debt - Elmore Cnty AL 28976PAS4 02/01/2016 0.85% 1,050,000 1,067,976 8,925 Sterne, Agee Muni Debt - Elmore Cnty AL 28976PAT2 02/01/2017 1.15% 1,000,000 1,014,790 11,500 Sterne, Agee Muni Debt - New York, NY 64966HJS0 04/01/2017 1.20% 500,000 557,770 6,000 3,197,832 Wells Fargo CD - Goldman Sachs Bank NY 38143AGR0 01/12/2015 1.50% 240,000 240,696 3,600 Wells Fargo CD - Ally Bank UT 0200SQYM9 01/26/2015 1.15% 240,000 240,770 2,760 Wells Fargo CD - GE Capital UT 36160XC62 01/06/2016 1.70% 240,000 242,832 4,080 Wells Fargo Muni Debt - Fond Du Lac WI Schl 344496JQ8 04/01/2017 1.05% 1,000,000 1,017,010 10,500 Wells Fargo FNMA 3135G0NH2 08/23/2017 0.95% 1,000,000 991,460 9,500 Wells Fargo Fannie Mae 3136G04A6 11/21/2017 1.00% 1,000,000 989,560 10,000 Wells Fargo FNMA 3135G0TM5 01/30/2018 1.02% 1,000,000 984,860 10,200 Wells Fargo Fannie Mae 3136G1AZ2 01/30/2018 1.00% 1,000,000 985,120 10,000 5,692,308 GRAND TOTAL 43,065,788 371,540 Current Portfolio Yield To Maturity 0.86% Study Session Meeting of October 27, 2014 (Item No. 6) Title: Third Quarter Investment Report (July – September 2014) Page 3 Meeting: Study Session Meeting Date: October 27, 2014 Written Report: 7 EXECUTIVE SUMMARY TITLE: Proposed Property Assessed Clean Energy (PACE) Program RECOMMENDED ACTION: No action at this time. The purpose of this report is to inform the Council of the availability of a program to finance energy efficient building improvements. POLICY CONSIDERATION: Does City Council wish to make MN PACE financing available to St. Louis Park businesses and is it interested in entering into a Joint Powers Agreement with the St. Paul Port Authority to implement the program? SUMMARY: Property Assessed Clean Energy (PACE) is a new, innovative financing tool that helps building owners make investments in their properties and reduce their utility bills through energy efficient upgrades. PACE eliminates up-front costs and provides low-cost, long-term, fixed rate financing that is repaid through a voluntary special assessment carried on a building’s property taxes. For the past several years, Staff has been investigating PACE and has been evaluating how to make it available to building owners in St. Louis Park in a manner that is both cost-effective and efficient to administer. Recently, the State Department of Commerce approached the St. Paul Port Authority (SPPA) and requested that it create a program that could make PACE easily accessible state-wide. Accordingly, the SPPA set aside up to $10 million from its Trillion BTU program to finance PACE projects throughout Minnesota. Cities that enter into a Joint Powers Agreement (JPA) with SPPA would then be able to offer PACE MN financing to the businesses, multifamily (4+ units) and non-profit property owners in their communities. If the City Council were to approve the proposed JPA, the SPPA would administer the PACE program on behalf of St. Louis Park. Local building owners would apply to the SPPA to finance their proposed energy savings project. Once a financing agreement is reached with the SPPA, the building owner would apply to the City to have a special assessment placed on their property. The City Council would then be asked to adopt a resolution imposing the voluntary special assessment on the applicable property. The City would only be responsible for the collection of the special assessment and transmission of the funds back to the SPPA to repay the loan. FINANCIAL OR BUDGET CONSIDERATION: It is proposed that the City Council consider entering into a JPA with the SPPA allowing PACE MN financing be accessible to St. Louis Park building owners. The SPPA will administer the program at no cost to the City. The SPPA will charge a fee to applicants which will be blended into their interest rate. The City Council would retain the authority to approve each voluntary special assessment that is requested. VISION CONSIDERATION: St. Louis Park is committed to being a leader in environmental stewardship. SUPPORTING DOCUMENTS: Discussion Environment and Sustainability Commission Endorsement Prepared by: Julie Grove, Planning and Economic Development Assistant Reviewed by: Greg Hunt, Economic Development Coordinator Michele Schnitker, Housing Supervisor Approved by: Tom Harmening, City Manager and EDA Executive Director Study Session Meeting of October 27, 2014 (Item No. 7) Page 2 Title: Proposed Property Assessed Clean Energy (PACE) Program DISCUSSION What is PACE? Property Assessed Clean Energy (PACE) is a financing program that allows property owners to borrow money to pay for solar and energy efficient improvements to their buildings. PACE financing allows building owners to pay for these energy projects through a voluntary special assessment on their property tax bill. Examples of the types of improvements covered under PACE include: lighting retrofits and HVAC system upgrades, solar or geothermal renewable energy systems, and electric vehicle charging infrastructure. Background In the United States approximately 39% of total energy use and carbon emissions come from buildings. A variety of market barriers exist that discourage making buildings more climate- friendly. One of the barriers that many energy efficiency improvement projects have faced is the large upfront capital costs required to develop the project. PACE financing was authorized in 2008 to address the barriers of retrofitting buildings to be more energy efficient and to finance renewable energy and energy efficiency projects. Since 2008, 31 states and the District of Columbia have adopted legislation that enables local governments to offer PACE financing programs. PACE MN-St. Paul Port Authority In 2010, legislation was passed in Minnesota allowing local governments to offer PACE programs, impose special assessments for energy improvements and to designate another authority to administer the program. Subsequent legislation extended the time period on financing terms up to 20 years, increased the limits of a loan from 10% to 20% of the property’s assessed value, and allows the financing to be from bonds and other alternative funding sources. Recently, the State Department of Commerce approached the St. Paul Port Authority (SPPA) and requested that it create a program that could make PACE financing easily accessible state-wide. Accordingly, the SPPA set aside up to $10 million from its Trillion BTU program to finance PACE projects throughout Minnesota. Cities, counties and townships that enter into a Joint Powers Agreement (JPA) with SPPA would then be able to offer PACE MN financing to the businesses, multifamily (4+ units) and non-profit property owners within their communities. Per the JPA, the SPPA would then administer the PACE program on behalf of the participating jurisdiction The SPPA reviews loan applications, credit histories, energy and financial audits, technical details of the proposals and ensures the project is complete. Once a financing agreement is reached with the SPPA, the building owner would apply to the city/county in which the property is located to have a special assessment placed on their property. The governmental entity would then be asked to adopt a resolution imposing the voluntary special assessment on the applicable property. The voluntary special assessment would then be added to the usual property tax bill for the property. The city/county would only be responsible for the collection of the special assessment via Hennepin County and transmission of the funds back to the SPPA to repay the loan. Project financing would come directly from the SPPA. The city/county has no liability for the repayment. The SPPA’s fee for the program is blended into the interest rate for the loan. Study Session Meeting of October 27, 2014 (Item No. 7) Page 3 Title: Proposed Property Assessed Clean Energy (PACE) Program The SPPA presently has agreements with Becker, Wright and Sherburne Counties as well as the cities of Cottage Grove, Eagan, Eden Prairie, Minnetonka, Minneapolis, Oakdale, St. Paul, Stillwater and Woodbury. It is currently working with several other communities including Hopkins and Edina to adopt the program. Why the St. Paul Port Authority? Energy efficiency and renewable energy is important to the Port Authority and its customers. It began with the success of the Trillion BTU Energy Efficiency improvement program which is a statewide energy financing program similar to PACE MN that provides short term loans to fund energy retrofits in large buildings for things such as heating and lighting. Having the knowledge and wherewithal to run this type of program, the St. Paul Port Authority was approached by the State Department of Commerce to implement the PACE program and make funding available anywhere in the state. Benefits and Risks to offering PACE The benefits of offering PACE financing include: 1. PACE helps building owners make energy efficient improvements and solar upgrades in their properties and thereby reduce their monthly utility bills. Many building owners lack capital to do energy improvements, especially for renewable energy projects. PACE has the ability to provide upfront, long-term financing at a fixed interest rate for the term of the loan. There is also a possibility that the special assessment will not be required to be on the owner’s balance sheet as a debt. Projects may also be tax deductible on a case by case basis. Property owners will need to check with their tax advisors. 2. Owners often need tenants to share in the costs of energy upgrades. As the energy improvement loan is repaid through the property tax bill, the energy savings as well as the PACE property assessment can be passed along to tenants through a typical lease. 3. Owners may want to sell the building before a PACE loan if fully repaid. The PACE obligation is attached to the property and therefore may transfer to the new owner. In other instances, the loan may be paid off as a negotiated part of the sale. 4. To ensure the energy improvements yield an adequate return on investment the PACE program requires project to be cash flow positive. Financing is structured so that energy savings more than offset the additional property tax assessment. 5. As a participant in the GreenStep Cities program, establishing a PACE program in St. Louis Park would allow the city to complete best practice action 26.3: Create/participate in a renewable energy financing program for commercial property owners to install generation capacity/energy efficiency equipment. There is minimal risk to the City in offering a PACE program. The SPPA provides the loan directly to building owners and administers the program on behalf of the City. The City’s responsibilities are limited to instituting a special assessment and collecting it just as it does with other special assessments. The City Attorney has reviewed the proposed JPA with the SPPA and recommends its approval. Study Session Meeting of October 27, 2014 (Item No. 7) Page 4 Title: Proposed Property Assessed Clean Energy (PACE) Program Local Interest in PACE Over the past several years, various property owners and renewable energy consultants have expressed interest in PACE financing for solar upgrades to their buildings in St. Louis Park. As a result, Staff has been investigating how to make PACE financing available to building owners in St. Louis Park in a manner that is both cost-effective and efficient to administer. Entering into a JPA with the SPPA to offer PACE financing on behalf of the City achieves both of these objectives. In October, the proposed PACE program was presented to the Environmental and Sustainability Commission which subsequently provided its endorsement (see attachment). Next Steps Should the Council wish to participate in the proposed PACE program, Staff will schedule the Joint Powers Agreement (JPA) with the St. Paul Port Authority for formal approval on November 17th. ADVISORY COMMUNICATION TITLE: St. Louis Park City Council FROM: St. Louis Park Environment and Sustainability Commission DATE: October 21, 2014 SUBJECT: The City of St. Louis Park’s Participation in the PACE program. ACTION REQUESTED: The ESC commission would like the City Council to enter into a Joint Powers Agreement with the Saint Paul Port Authority that would support and implement the PACE program within the City of St. Louis Park. BACKGROUND: Julie Grove, the Planning and Economic Development Assistant, presented the details of the PACE Program to the Energy/Reduce Carbon Emissions work group. The work group felt that this program fell in line with the goals of the commission in supporting and encouraging businesses to engage in sustainable energy operating practices. The energy work group presented the details of the PACE program and a motion of support to the full Environment and Sustainability Commission which passed unanimously. RECOMENDATION: The Environment and Sustainability Commission recommends that the City of St. Louis Park enter into a Joint Powers Agreement with the Saint Paul Port Authority allowing PACE MN financing to be available to St. Louis Park building owners. Study Session Meeting of October 27, 2014 (Item No. 7) Title: Proposed Property Assessed Clean Energy (PACE) Program Page 5 Meeting: Study Session Meeting Date: October 27, 2014 Written Report: 8 EXECUTIVE SUMMARY TITLE: City Publications Update RECOMMENDED ACTION: No action needed at this time. POLICY CONSIDERATION: None at this time. This item is an informational report. SUMMARY: In 2008-2009, as a part of responding to impacts from the Great Recession, the city reduced the number of print publications mailed to residents each year from six Park Perspective newsletters and three Park & Recreation guides to three newsletter/guide combinations as a cost-cutting move. While the change saved the city a significant amount in mailing costs initially, the combination guide has grown to where design and printing costs are no longer providing savings once found by the city. In addition, the city staff and residents have expressed interest in an additional publication during the year. In 2014, the city added a fourth special newsletter in spring focused on transportation and engineering projects. This special newsletter proved incredibly successful and received unsolicited accolades from staff, City Council members and the public. The Information Resources Department is recommending that the newsletter and Park & Rec Guide again be separated to allow maximum opportunity for resident communication. Staff proposes four newsletters (one each quarter) and the continuation of three Park & Rec guides. Several reasons make now a good time to make this transition. First, the 2014-2015 Communications Plan calls for an update to the city branding that will result in a redesign of both publications. Secondly, Operations and Recreation is deploying a new software system for registration, which has a direction relationship to their program guide. Finally, city staff is now prepared to take over design of the city newsletter with its current staff, thereby saving design costs. To prepare for the transition and to aid in the deployment of the new Parks & Rec registration system, the November 2014 issues of the newsletter and guide have been separated. Residents will receive the newsletter this week and the guide in November. In the future, the publications will arrive different months to maximize opportunities for resident communication. The redesign of the publications is designed for the first quarter of 2015. These redesigns will also yield potential savings in terms of materials used and other design changes. FINANCIAL OR BUDGET CONSIDERATION: As mentioned above, the Information Resources Department believes the changes will be cost neutral. VISION CONSIDERATION: St. Louis Park is committed to being a connected and engaged community. SUPPORTING DOCUMENTS: None Prepared by: Jamie Zwilling, Communications & Marketing Coordinator Reviewed by: Clint Pires, Chief Information Officer Approved by: Tom Harmening, City Manager Meeting: Study Session Meeting Date: October 27, 2014 Written Report: 9 EXECUTIVE SUMMARY TITLE: Inclusionary Housing Strategy Update RECOMMENDED ACTION: None at this time. This report is intended to provide the Council with an update on the status of the creation of an affordable housing strategy that would require the inclusion of affordable housing units in new market rate multi-unit residential developments receiving financial assistance from the City. POLICY CONSIDERATION: None at this time. Please let staff know of any questions you might have. SUMMARY: Following adoption of the updated Housing Goals at the August 4th Council meeting, the Council directed staff to develop a strategy that would require the inclusion of affordable housing units in new market rate multi-unit residential developments receiving financial assistance from the City and return to a future Study Session for further review and discussion. At the September 8th City Council Study Session, staff presented the Council with a proposed framework and strategy. The requirement for affordable housing units would be applied to both owner occupied and rental developments. Staff presented three options in which the income and affordability requirements of the “Program” could be fulfilled. The three options were as follows: I. On-site development of units within the proposed market rate ownership or rental residential development; or II. Development of income and rent restricted rental units at another site approved by the City; or III. At the discretion of the City, payment of a fee to the City in lieu of developing any income or rent restricted housing units. Over the next several months, the Minnesota Challenge Project will be working with staff on the development of an Inclusionary Housing Program for our community. FINANCIAL OR BUDGET CONSIDERATION: Not applicable. VISION CONSIDERATION: St. Louis Park is committed to providing a well-maintained and diverse housing stock. SUPPORTING DOCUMENTS: Discussion Prepared by: Michele Schnitker, Housing Supervisor Reviewed by: Kevin Locke, Community Development Director Approved by: Tom Harmening, City Manager Study Session Meeting of October 27, 2014 (Item No. 9) Page 2 Title: Inclusionary Housing Strategy Update DISCUSSION BACKGROUND: At the September 8th City Council Study Session, staff presented the Council with a framework for the creation of a strategy that would that would require the inclusion of affordable housing units in new market rate multi-unit residential developments that receive financial assistance from the City. The framework identified the following three options in which a developer could fulfill the income and affordability requirements: I. On-site development of units within the proposed market rate ownership or rental residential development; or II. Development of income and rent restricted rental units at another site approved by the City; or III. At the discretion of the City, payment of a fee to the City in lieu of developing any income or rent restricted housing units. Staff presented information related to components that will need further research prior to the incorporation as part of the final “Program” including options for affordability requirements, length of the affordability requirement, applicable bedroom mix and development of an appropriate waiver fee. In general, the Council supported the three options presented in the framework including the requirement of City approval for options II and III. Much of the discussion focused on the affordability requirement, specifically the percentage of units required to be affordable. Staff also informed the Council that the Minnesota (MN) Challenge Project had contacted us with an offer to work together on the development of an Inclusionary Housing Program for our community. The MN Challenge project is a joint effort of the Center for Urban and Regional Affairs and the Housing Preservation Project, funded by MN Housing and the McKnight Foundation. The purpose of MN Challenge is to identify practical ways to reduce the cost of developing affordable rental housing. At the time of our meeting, staff had not yet met with MN Challenge to discuss next steps. UPDATE: Since the September 8 Study Session, staff has met with MN Challenge to discuss our community’s affordable housing goals and the status of our efforts in developing an inclusionary affordable housing strategy. Based on these discussions, MN Challenge has selected Inclusionary Housing as one of two topic areas in which they will be conducting an in depth analysis related to reducing the cost of creating affordable housing. As part of their process, MN Challenge is convening a working group of municipalities for the purpose of developing specific and practical technical assistance that cities can use to apply in their own community to reduce the cost of developing affordable housing. The MN Challenge Team will be responsible for organizing, staffing and facilitating the discussion of this working group. Since St. Louis Park is in the process of establishing an Inclusionary Housing Policy, we have agreed to act as a “test-case” city, working with the group addressing the various issues involved in developing the City’s “Program”. As part of this effort, the Southwest LRT Community Works and MN Challenge recently applied for and were awarded 50 hours of technical assistance from Cornerstone, a national housing research organization, to assist in this work. The technical assistance will be used to answer many of the questions surrounding the implementation of an inclusionary housing policy and cost reduction measures to develop affordable housing. The goal is to develop a practical guide Study Session Meeting of October 27, 2014 (Item No. 9) Page 3 Title: Inclusionary Housing Strategy Update for cities to use in developing an Inclusionary Housing policy while assisting St. Louis Park in the development of “Program” that addresses the specific goals of our community. The first meeting of the working group is scheduled for Tuesday, October 28th. The preliminary timeline is to have a best practice product by January 2015. NEXT STEPS: Over the next two months, staff will work with the MN Challenge workgroup in drafting an Inclusionary Housing Program including addressing issues involved in determining the components needed for adoption and implementation of the “Program”. Staff will keep the Council apprised of our progress as we move through the process. We anticipate returning to the Council by early January for review and discussion of a draft “Program”. Meeting: Study Session Meeting Date: October 27, 2014 Written Report: 10 EXECUTIVE SUMMARY TITLE: DLC West End Affordable Housing Mix RECOMMENDED ACTION: None at this time. This report is intended to provide an update on the housing component of the next phase of the West End project and the inclusion of affordable units. POLICY CONSIDERATION: Affordable housing is proposed to be a component of the next phase of the West End project. Please let staff know of any questions you might have. SUMMARY: At the August 18, 2014 City Council Study Session the developer that is buying the remaining vacant land at the West End, Dolce Living (DLC), was introduced and their concept plan for completing the West End project was discussed. The proposed revised plan for the currently vacant West End Office site included two office towers, a hotel and two luxury apartment buildings. While the proposed housing component of the West End project does not fall under the City’s new affordable housing policies, DLC did agree to explore including at least a few affordable housing units in the project. The reason the City’s affordable housing policy does not come into play is because no new City assistance will be provided to DLC or Duke as a result of the DLC proposed project. The amount of TIF assistance for West End was set by Redevelopment Contract in 2007 and the amount is not changing. None the less, DLC has agreed to include 11 affordable units in the two phase 366 unit total project. The proposed units will meet an affordability standard for a tenant at 60% of Area Median Income. This means the rent for the affordable units will be $500+/month to $800+/month less than for a comparable market rate unit. The mix of affordable units will include 4 Alcove (studio) units in each phase, 1 two bedroom unit in each phase and an additional one bedroom unit in the first phase. The affordable units come with parking and will be finished to the same level as the comparably sized market rate units. The cost of providing the affordable units is being borne by the developer accepting a reduced rate of return on the project. They are open to providing a larger number of affordable units if the income limit was raised to 80% AMI. Unless the City Council would prefer to switch to 80% of AMI units, staff has directed DLC to pursue plans for the 11 60% of AMI units. The developer is moving forward to seek approval of their plans. If the City Council has any questions or wishes to discuss this issue further, let us know. FINANCIAL OR BUDGET CONSIDERATION: Not applicable. VISION CONSIDERATION: St. Louis Park is committed to providing a well-maintained and diverse housing stock. SUPPORTING DOCUMENTS: None Prepared by: Kevin Locke, Community Development Director Approved by: Tom Harmening, City Manager Meeting: Study Session Meeting Date: October 27, 2014 Written Report: 11 EXECUTIVE SUMMARY TITLE: Oppidan/Bally's Affordable Housing Proposal RECOMMENDED ACTION: In preparation for a future study session discussion, the purpose of this report is to inform the City Council of changes to the redevelopment proposal, challenges identified to realizing the City Council’s goals of including affordable housing in this redevelopment, and potential zoning code changes that may be considered to provide the City more flexibility to allow the proposed development. POLICY CONSIDERATION: None at this time. Please inform staff of questions you may have SUMMARY: City Council was presented a development proposal and tax increment financing (TIF) request from Oppidan Investment Company at a Study Session on July 28, 2014. City Council expressed support for working with Oppidan on the proposed mixed-use development for the Bally/EDA block. A key direction from the City Council was that a significant number of affordable units should be added to the development. Oppidan subsequently submitted a revised concept plan that may allow the project to provide 20 affordable apartment units at 60% AMI (area median income). This would be consistent with continuing City Council policy discussions regarding requiring affordable housing for TIF projects The changes present challenges for meeting zoning requirements on this site. The revised concept plan would add a level to the building making it 5-stories tall, and increase the total number of apartments to between 175 and 185 units. A building of that height would not be out of character with the neighboring Excelsior & Grand development. The combined development site is 1.6 acres in size, however, and would result in a residential density of approximately 110-116 units per acre. That density is higher than currently permitted in the RC – High Density Multiple Family and Mixed Use zoning districts even with a Planned Unit Development (PUD). Minimum parking requirements for the apartments could still be met with a combination of on-street and shared parking with the first floor commercial uses or similar strategies. For Oppidan’s proposal to move forward with 20 affordable units, the City will need to amend its zoning ordinance to allow an increased density under certain specific situations. There are a few options that would allow City Council the flexibility to entertain proposals for higher residential densities in order to achieve its policy goals, such as affordable housing. Oppidan’s proposal demonstrates the viability of allowing increased density as a means to generate affordable housing units. Discussions with affordable housing developers confirm that allowing higher densities can be a means of enticing a developer to provide affordable units. However, two to three added market rate housing units will be needed for each affordable unit to make the numbers work financially. VISION CONSIDERATION: St. Louis Park is committed to providing a well-maintained and diverse housing stock. SUPPORTING DOCUMENTS: Discussion Prepared by: Sean Walther, Senior Planner Reviewed by: Michele Schnitker, Housing Supervisor Approved by: Tom Harmening, City Manager Study Session Meeting of October 27, 2014 (Item No. 11) Page 2 Title: Oppidan/Bally's Affordable Housing Proposal DISCUSSION BACKGROUND: City Council was presented a development proposal and TIF request from Oppidan Investment Company at a Study Session on July 28, 2014. City Council expressed support for working with Oppidan on the proposed mixed-use development for the Bally/EDA block. A key direction from the City Council was that a significant number of affordable units should be added to the development. Oppidan’s revised proposal may allow the project to achieve a better unit mix and provide 20 affordable apartment units at 60% AMI. This would be consistent with continuing City Council policy discussions regarding requiring developments receiving TIF assistance to provide in the range of 10% or more units affordable at 60% of AMI. Oppidan’s revised development proposal adds one level to the building making it 5-stories tall, and increases the total number of residential apartments to between 175 and 185 units. A building of that scale would not be out of character with the neighboring Excelsior & Grand development. The development site, including the Bally Total Fitness and EDA parcels, is 1.6 acres. The residential density would be 110-116 units per acre. The parcels are zoned a combination of MX – Mixed Use and RC – High Density Multiple Family Residence districts. These two zoning districts allow 50 units per acre. Both districts allow the density to be increased to 75 units per acre with a PUD. The current PUD allows an additional 10% increase above and beyond 75 units per acre, or more if there is specific guidance in the Comprehensive Plan. In this case, there is no specific Comprehensive Plan language that would indicate a higher density could be allowed. Also, this provision has rarely been used. Even with a PUD, the proposed density would not be allowed under the City’s current code. In the City Council’s affordable housing policy discussions, the Council has discussed the use of density bonuses or parking reductions in order to achieve affordable housing goals on a case-by- case basis. Staff has identified a few potential zoning ordinance amendments that would allow City Council the flexibility to entertain proposals for higher residential densities in order to achieve its policy goals, including affordable housing. These changes would provide this flexibility for not only Oppidan’s proposal, but also future development proposals elsewhere in the City. PRESENT CONSIDERATIONS: Three potential options that would give City Council additional flexibility to allow higher densities include: 1. Require any new or amended PUDs to be approved as a rezoning by ordinance, rather than a resolution. 2. Edit the current PUD zoning ordinance text to allow greater modifications to the density. This could be tied specifically to inclusion of affordable housing or allow greater flexibility more generally. 3. Allow higher densities within the RC and MX zoning districts only. Option 1: Staff recommends using the approach of requiring any new or amended PUDs to be approved as an ordinance, rather than a resolution. Procedurally, PUD approvals would become more similar to a rezoning than a conditional use permit (CUP). Essentially, any development Study Session Meeting of October 27, 2014 (Item No. 11) Page 3 Title: Oppidan/Bally's Affordable Housing Proposal approved through this process would become its own stand-alone zoning district, with all zoning requirements for the development provided in the ordinance approving the development. This approach has a few unique benefits. An ordinance to rezone property is a legislative decision that gives the City Council more discretion to approve or deny an application. The City Attorney has previously suggested to staff that he would prefer the City use this process to approve PUDs in general. Based on the City Attorney’s advice, staff has already been working on this proposed ordinance language for several months. As currently drafted, this ordinance would give the City Council broader discretion to increase the density and set other requirements based on the site plans and uses for each PUD development area. This approach eliminates the need to process a separate rezoning and any variances, since the PUD is established by an ordinance. This option has an advantage because staff already has been preparing an ordinance for several months and it has been reviewed by the City Attorney. However, staff will need to develop some administration systems before the changes go into effect. If another option is preferred by City Council, staff would still propose a change to the PUD ordinance in the near future, but perhaps follow a different schedule from Oppidan’s redevelopment proposal and the affordable housing policy discussions. Option #2: A slightly less complicated text amendment to the existing PUD ordinance is another option. The City currently limits the degree to which the residential density may be increased. City Council could eliminate this limitation or boost the maximum density increase in the PUD section of the code. This could either be allowed broadly, or tied to specific conditions, such as a provision of affordable housing objectives. While this may be somewhat less complex than Option #1 above, it also has ripple effects to other chapters in the ordinance that would need to be identified and amended to be consistent with the PUD section. Staff views this as workable, but still a temporary fix to a structural issue in the PUD section of the code. Option #3: Another change could be made that affects only the RC and MX zoning districts and allows higher densities to all properties in these districts. An advantage of this approach is that these areas have already been deemed appropriate for high density residential uses. The City made a similar change to the Office zoning district in 2010. These code changes allowed the Flats at West End and Millennium at West End to develop at densities of 112 and 99 units per acre respectively with a PUD. Common Issues: All of the above options could be further tailored to allow higher densities only under certain conditions (to be determined), only with a PUD and at City Council’s discretion, as a specific density bonus for affordable housing only, or some combination of all of these. Staff will need to identify any potential conflicts with other ordinance provisions, especially for Option #3, because these changes could generate unnecessary and unwarranted variance requests. It will take at least two months to adopt any of these zoning ordinance amendments. It is not uncommon for such amendments to take longer, as debate about the policy variables above can take time. Study Session Meeting of October 27, 2014 (Item No. 11) Page 4 Title: Oppidan/Bally's Affordable Housing Proposal In the meantime, Oppidan may be uncomfortable waiting for the ordinance process to conclude to submit its development proposal. Staff anticipates Oppidan will request that their proposal be allowed to begin the zoning review process, based on the direction of these changes, after the process has started and before the process has concluded. While this would entail some added risk to Oppidan, it would compress the schedule for review of their plans by a month or more. Finally, the changes to the maximum densities allowed in the zoning districts may need to be paired with an amendment to the Land Use chapter of the Comprehensive Plan. This process is similar in duration to the zoning amendments and can be done concurrently.