EDSR INFORMATION 12-12-2011 - Laserfiche WebLink

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Staff has prepared a draft taproom ordinance for Council consideration at a future meeting. Business subsidy reporting In 2009, the Bank of Elk River was granted an extension to achieve their job and wage goals as outlined in their'1'ax Abatement and Business Subsidy agreement which was approved in 2007 for the renovation and expansion of their downtown location, extending their deadline to September of 201 L In October, The Bank requested an additional two year extension which was approved by the City Council, extending their job creation and wage goal deadline date to September of 2013. Staff continues to complete the mandatory annual reporting to the state fox other tax abatement and business subsidy agreements. Northstar Commuter RaIl Staff continues to attend the Northstar Commuter Rail marketing meetings to promote ridership. Staff utilizes our city website and social media to promote the train service. In addition, Go 'I'o cards (discounted train tickets) axe avaIlable at City Hall for purchase. The US Department of Housing and Urban Development received a grant to execute a market analysis study along the Noxthstax Corridor. Staff has met with consultants and will continue working with them to provide community information, plans and resources. An open house revealing the results is anticipated to be held mid-2012. Foreclosure Initiatives The strategies to address foreclosures in Elk River axe 3-fold - 1) Prevention 2) Preserve & Secure and 3) Recovery. To address this issue, staff applied for and received the Neighborhoods Stabilization Program grant to provide applicants with down payment assistance. A total of 13 households were provided down payment assistance ranging from $5,000 to $14,999 (not including matching sources) as a result of the City's NSP program. Staff has conducted several outreach presentations with various community groups regarding the city's strategies in addressing foreclosures as well as communicating resources available through partner agencies like the MN Homeownership Centex and HOME Line. Quarterly mailing of this information is provided to local banks, mortgage companies, churches and non-profits. Staff continues to collect foreclosure data from the county and share information with various city departments to monitor these neighborhoods and prevent issues arising from vacant homes. 1"his interdepartmental communication will be more important going into the winter season to prevent water damage in foreclosed homes. Staff maintains an in-house list outlining avaIlable properties within the city which may not be listed on the larger databases Minnesota's Manufacturer's Week Minnesota Manufacturers Week is held every year to recognize the contributions of manufacturers to the economy. This year staff paxmexed with Big Lake and Monticello to organize a Manufacturers Meet and Greet The Meet and Greet was held to establish a N:ADepazttnennVCommuniep DevelopmentAI:eonomic Deodopmrn[AISDl~ h~ moveAAgenda\Ycav211ll \Fseeutlve Dimchs mpon 1& 12-1l.doc