|
12/05/2001 16:02 FAX 320 252 0889 ST CLOUD HRA 0002
<br /> r S2.CL U
<br /> .7I9,7IS7NG&R.EPRVI-CLI)PMFNTAZUTHORITY
<br /> . °' '• s.• Enclosure 4B
<br /> 1fV I lt,i,i::Y 1.
<br /> TO: fooard'of c. ,)- "� "=rs
<br /> -,T x a,
<br /> FROM: `
<br /> ,
<br /> I 4
<br /> 1
<br /> DATE: ' i 01 ,
<br /> SU 1't , , ishment of a Threshold for Economic Development Activities
<br /> r t
<br /> {` 1 o 0 ,1 „ ;` several years the HRA board has looked at what sort of wages that jobs created
<br /> ;;, ,L-1,--',14.=, =ctivities should pay. Most recently the Board has expressed an interest in
<br /> + 1 '+`4�1 'i i,l ''i,a what type of wages should be paid for permanent jobs created through our
<br /> 1 s,;;,-;L.- `, ',r t�1ii',& development activities.
<br /> , ,,,,a 'ssioner Podawiltz has suggested a "Threshold Minimum Average Wage" that ought to be
<br /> . =' --i 1 q rVig. e for Economic Development projects.
<br /> #� ni� k1{� M �tI, threshold would be updated annually by the US Treasury and US Department of Housing
<br /> ,p ' tr$ .,T;31r t-d Urban Development statistics- The threshold would not apply to any projects except for
<br /> At'0 t ;' '3;, 'economic development activities.
<br /> r or instance, it would apply for a new manufacturing facility, but would not apply to a
<br /> ;,, ,, k , redevelopment project or soils correction project. The reasons for undertaking the
<br /> ": ,,i,: „: redevelopment or soils correction activities may be important to the community. However, the
<br /> '-- k reason for undertaking these activities are not to create permanent good paying jobs.
<br /> t
<br /> iii'%4' ''' '1` ' The threshold would establish a wage rate that would allow the employees to be able to afford
<br /> , ' "; ' .. housing in St. Cloud.
<br /> by `
<br /> ly,,�,
<br /> Ft`) 1l„f •..{
<br /> VOA 4t
<br /> p i 4,i
<br /> ,k4;.�bM�J� N^K
<br /> I,YI'
<br /> j6 ' •
<br /> fl 1,T 1 %141 •
<br /> ,,,L..:'1'f?LA, 't,� It 's` �LL��;' { e , 1225 West Sit.Ge,�rfpain Street • St.Cloud,MN 56301
<br /> P� tiJ1°r n 1Xc, 1 '�1�IN �� t,r, Fh � �j 2b)y b2-08B0 • Far:(320)252-0889
<br /> '4`11;'i;✓r'1�nrk: 1;\ a u� 4'E 4�,., xftX E rS.'"i:�^'�N`, :101`.r;�'', ,•\:;:‘!'';'.%';': www.sfcloudhra.com
<br /> +°Ic•,kV4#11 ,A,i ,^ ,,v e�”-4•'' t✓t 1ibh •�,+2i'r'�yeik i ;+t�q'ilal Opportunity Housing&Equal Opportunity Employment
<br />
|