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88-1824 M�MITE - CITV CLERK PINK - FINANCE G I TY O F SA I NT PA U L Council CANARY - DEPARTMENT BLUE - 1.!,AVOR File NO• ��-� � Council Resolution �� Presented By �� Referred To Committee: Date Out of Committee By Date RESOLUTION APPROVING APPLICATION OF ST. PAUL STAMP WORKS, INC. FOR CLASSIFICATION OF PROPERTY LOCATED IN THE SAINT PAUL RIVERFRONT ENTERPRISE ZONE AS CLASS 4d EMPLOYMENT PROPERTY WHEREAS, St. Paul Stamp Works, Inc. (the "Company") filed with the City Clerk an Ap- plication for classification of its property located north of Empire Drive in Empire Builder Industrial Park as Employment Property pursuant to Minnesota Statutes Section 273. 1313 and the Saint Paul Riverfront Enterprise Zone Program (the "Program"); and WHEREAS, the new investment, tax classification, and State tax credits as set forth in detail in the October 19, 1988 Staff Report will result in the creation of 8 new posi- tions in Saint Paul with the construction of a new 20,950 square foot manufacturing facility for St. Paul Stamp Works, Inc. ; and WHEREAS, there has been presented to and considered at this meeting a Particlpation Agreement between the City and the Company whereby the Company covenants respecting the completion of property improvements; and WHEREAS, the Port Authority of the City of Saint Paul has received authorizatton from the Department of Trade and Economic Development to utilize an alternative local contribu- tion of infrastructure improvements in lieu of local property tax reduction; and WHEREAS, the City Clerk duly published on October 15, 1988, in the Saint Paul Legal Ledger, the official newspaper for the City a notice of public hearing before the City Council upon the Company's Application; and WHEREAS, District 6 and 7 Planning Councils have reviewed and recommended approval of the Applicatlon; and COUNCIL MEMBERS Yeas Nays � Requested by Department of: Dimond �� [n Favor Goswitz Rettroan s�6e;n�i _ Against BY sonnen Wilson Form Approved by City Attorney Adopted by Council: Date g' Certified Yassed by Council Secretary B "� � . gy, Approved by Mavor: Date _ Approv b Mayor for Subm' t�o Council By BY` WNITE - GTV GLEAK PINK - FINANCE G I TY OF SA I NT PALTL Councii y�/- BLUERY - �AVPORTMENT File NO. �� /"' �� -- Council Resolution Presented By Referred To Committee: Date Out of Committee By Date WHEREAS, the City Council conducted a public hearing on November 17, 1988, upon the Application at which hearing opportunity was provided for the Applicant, the County Asses- sor, representatives of affected taxing authorities and any taxpayer of the City or member of the public to present their views orally or in writing at or before the hearing, and having duly considered the testimony and written views presented at the hearing and the Application, staff report and draft Participation Agreement; now therefore, be it RESOLVED by the Council of the City of Saint Paul that it hereby determines that the Application of St. Paul Stamp Works, Inc., the property improvements, retained and new Jobs and tax benefits proposed meet the ob,jectives of the Saint Paul Riverfront Enterprise Zone Program. RESOLVED FURTHER that the City Council additionally finds and determines that the construction of the new facility ( I ) is reasonably likely to create new employment in the City; (2) will not have the effect of transferring existing employment from one or more other cities within Minnesota; (3) will result in an increase in market value ot the employment property of $800,000 which is .0115� of the market value of all taxable property in Saint Paul ; and (4) will not result in the reduction of the assessed value of existing property within the City owned by Applicant. RESOLVED FURTHER that the Application and employment property reclassification thereby proposed is hereby approved and the City Clerk is directed to transmlt the Ap- plication together with a certified copy of this resolution to the Commissioner of Trade and Economic Development for consideration and final approval . RESOLVED FURTHER that the Participation Agreement between the City and the Applicant is hereby approved, and the proper City officers are authorized to sign the same on behalf of the City, and upon its signature by the Applicant to transmit Attachment C of said Agreement to the Commissioner of Trade and Economic Development for signature by the Com- missioner or designee upon final approval of the Applicatton. - 2 - COUNCIL MEMBERS Requested by D tm Yeas Nays � Dimond I.o� In Favor Goswitz �` � A ainst BY s�ne�ne� — g � Sonnen Wilson �� ;� ,�8 Form Approved by City Attorney Adopted by Council: Date Certified Yas oun il Se tar BY Bl, �J _ � '�c.�..' � �. r � Appr e by Mayor for m' sion to Council /�pprov y Mavor. Date — By - Pt�lS� ;`!;-+�; _:' ; 19$� ,� �-�-��.� � � , . � FAX (612) 223-5198 PORT AUTHORIN OF THE CIN OF SAINT PAUL TOLL FREE (800) 328-8417 1900 AMHOIST TOWER • 345 ST. PETER STREET • ST. PAUL, MN. 55102 • PHONE (612) 224-5686 October 25, 1988 Mr. Ken Johnson, Director RECEIVED Planning 8� Economic Development Department :A �ity ot st. Paul NOVOd_ 1988 13th Floor City Hall Annex St. Pa u I, M i n nesota s5 i o2 ��TY �LERK SUBJECT: ENTERPRISE ZONE CREDITS ST. PAUL STAMP WORKS, INC. Dear Ken: We submit herewith for your review and referral to the office ot the Mayor, City Council and City Attorney's Office details pertaining to the issuance of Enterprise Zone Credits to St. Paul Stamp Works, Inc. The credits will be in the form of $160,000 in State income tax credits made up of $24,000 in employee credits and $136,000 in debt service credits. Local contribution in the amount of $101,547 has been approved by the State in the form of infrastructure improvements in Empire Builder In- dustrial Park. Enterprise Zone credits will be used as an incentive for St. Paul Stamp Works, Inc. to construct a new 20,950 square foot manufacturing faciltty in Empire Builder Industrial Park. The company presently has 37 full- time empioyees and will create 8 new positions within three years of the completion of the proJect. In addition to the staff report, we are attaching the Participation Agreement and a draft copy of the proposed City Council resolution which authorizes the execution of the Participation Agreement and the submit- tal of the proposal to the Department of Trade and Economic Development. Your expeditious handling of this matter wlli be appreciated. .�urs truly, � ��E gene A. raut EAK:ca E_xecutive Vice President ttach. cc. Mayor Latimer EUGENE A.KRAUT,C.I.D. PERRY K.FEDERS,C.PA. CHARLES M.TOWLE LAWRENCE H.LANGER,P.E. PATRICK E.DEAN,C.PA. EXECUTNE V10E PRESIDENT,C.E.O. ASST.IXEC.VICE PRESIOENT,C.F.O. DIRECTOR INDUSTRIAL DEVEIOPMENT CHIEF ENGINEER FINANCE DIRECTOR JAMES F.FAUE,C.I.D. RICHARO A.GIERDAL WILLIAM E.McGNERN DIRECTOR REAL ESTATE OPERATIONS PROPERTV MANAGER DIRECTOR PUBLIC REL4T10NS COMMISSIONERS: GEORGE W.WINTER WILLtAM R.PETERSON ARTHUR N.GOODMAN JEAN M.WEST VICTOR P.REIM JAMES SCHEIBEL ROBERTC.LONG PRESIDENT V10E PRESIDENT SECREfARY ASST.SECRETARY TREPSURER ASST.TREASURER COMMISSIONER C,I.D.CERTIFIED INDUSTRIAL DEVELOPER c� � St. Paul Port Authority DEPARTMENT d � �� N� O � gi J.A. Campobasso, E.A. Kraut CONTACT 224-5686 PHONE October 25, 1988 DA7E ,,,,r�;r� � ,,, r � ASS_IGN Nl1NIB�R FOR ROUTING ORDER (Clip All Locations for .Sianature� : - � Department Director 4' Director`of Management/Mayor Finance and Management Services Director � 5 City Clerk � Budget Director ` � � City Attorney T P STAMP R INC k r M�HAT WILL BE ACF�IEVED BY TAKING ACTION ON THE ATTACHED MATERIALS? (_Purpose/ � Rationale) : Enterprise Zone credits will be used as an incentive for St. Paul Stamp Works, Inc, to const `_ ct a new 20,950 square foot manufacturing fa�i7ity in Empire Builder Industrial' Park. St. Paul Stamp has 37 full time employees and will create 8 new positions within three years ` of the completion of this project. Attached are two copies of the Participation Agreement for review and execution. COST/BENEFIT, BUDGETARY AND PERSONNEL IMPACTS ANTICIPATED: �='n� 0� '� � T°��''1�9RA N/A , E � _ ; fINANCING, SOURCE AND BUDGET ACTIVITY NI�BER CHARGED OR CREDITED: (Mayor's signa- ture not re- Total Amount of "Transaction: quired if urtder . ' �10,000) � Fundi n�g Source:- _ N/A � Activity Mumber: • ATTACHMENTS (List and Number All Attachments) : ' 1 . Draft City Council Reso�lution 2. Staff Report � _ - 3. Participation Agreement cc. J. Shoholm F; DEPARTMENT REVIEW CITY ATTORNE1l REYIEW X Yes No Council Resolution Required? ' Resolution Required? Yes No � � Yes No Insurance Required? Insurance Sufficient? Yes No Yes No Insurance Attached: �, , . - . (SEE •REVERSE SIDE FOR INSTRUCTIONS) � � Revised 12/84 . � 8�-� �� 10/19/88 STAFF REPORT RE: ST. PAUL STAMP WORKS ENTERPRISE ZONE APPLICATION A. PROPOSED EMPLOYMENT PROPERTY St. Paul Stamp ��Vorks, inc. proposes that approximately 93,549 square feet or approximately 2. 15 acres of land leased from the Port Authority of the City of Saint Paul in the Empire Builder Industrial Park be determined eligtble for reclassification as employment property through the City's Riverfront En- terprise Zone Program. The property will not be formally reclassified for tax purposes as an aiternative contribution of infrastructure improvements is being provided in lieu of local property tax reduction. This aiternative con- tribution has been approved by the Minnesota Department of Energy and Economic Development. The property description is attached. This property is iden- tified by the Ramsey County Tax Department through the property identification number 31-29-22-22-0087. This property was formerly owned by the Burlington Northern as part ot its Jackson Street Shops complex. B. IMPROVEMENTS AND PROPOSED USE St. Paui Stamp Works is one of the largest manufacfiurers of marking and identification products in the country. These products include custom hand stamps for improving paper fiow, decorative trim, nameplates and labels for identifying products and maktng equipment for stamping variable informatlon on customer parts. ' St. Paul Stamp Works will construct a 21,000 square foot production facility in Empire Builder Industrial Park. The new facility will be financed with Port Authority tax exempt industrial revenue bonds of $935,000 with total new investment estimated at $1,253,000. C. PROJECTED INCREASED MARKET VALUE The market value will increase by the amount of the improvements pius the tand value as the property has not generated any taxes being owned by the Port Authority. The development will result in an estimated market value of $800,000 which is .0115 of the market value of all taxable property in Saint Paul . � � � � ��-��y� . D. RETAINED AND NEW JOBS The companies have 37 full-tlme employees who will be retained in Saint Paul with construction of the new facility. in addition, the companies es- timate they will hire at least 8 new employees within the next three years. The company has entered into a City of Saint Paul Employment and Training Par- ticipation Agreement and anticipates recruiting from the immediate neigh- borhood. E. DRAFT PARTICIPATION AGREEMENT A draft Participation Agreement has been negotiated with the following tax benefits: Annual 3-Year Total State New Employee Credits 24,000 State Debt Financing Credits 136,000 136,000 Alternative local contribution is $101,546.65 based on $47,231 per acre of Port Authority site improvements. The contributton has had prior approval from the Department of Trade and Economic Development. This represents a private-to-public ratio of approximately $7.83 private per $i public tax reduction or credit. It also represents one new job per $20,000 tax credits. F. COUNCIL FINDINGS St. Paul Stamp Works, Inc. 's applicatlon proposes to create up to 8 new jobs, none of which would be a transfer from another Minnesota municipality. The proposal will not result in the abandonment or demolition of other property owned by the applicant in Saint Paul causing reduction of the as- sessed value of existing property within the City. G. RECOMMENDATION The staff of the Port Authority of the City of Saint Paul recommends the City Council approve the attached Participation Agreement for St. Paul Stamp Works, Inc. as drafted. Staff further recommends the City Council determine that the proJect is eligible for empioyment property reciassification and that • Attachment C of the Participation Agreement be forwarded to the Commissioner of Trade and Economic Development. . �-��a� Members: � . Bill Wiison, chair CITY OF SAINT PAUL Tom Dimond te�11119E11 � . �� n OFFICE OF THE CITY COIINCIL {�I{(1 SO(lil@Il Date: November 9, 1988 WILLIAM L. WILSON MARK VOERDING �o��an Committee Report Leg�B►atl�e A=ae To: Saint Paul City Council From : Housing and Economic Development Committee Bill Wilson, Chair ' 1. Approval of Minutes - APPROVED � 2. Presentation - "Year of the Cities" NO CONIl�IITTEE ACTION REQUIRED 3. Economic Development Strategy Update NO CONIlr1ITTEE ACTION REQUIRED � 4. Appeal of Michael D. Williams on the denial of a request for House Number and/or waiver for Lot 45, Block 12, Burlington Heights, Division 1 CONIl�IITTEE RECOI�Il�III�TDED DIIVIAL OF TE� APPEAL AND WAIVIIt REQUEST (3-0) . . EAterpris� Zone Application for St. Paul Stamp Works, Iflc. CONfl�1ITTEE RECOMNIIIVDED APPROVAL (3-0) - 6. Revenue Bonds for St. Paul Stamp Works, Inc. COMMITTEE RECOMMIIVDID APPROVAL (3-0) 7. Resolution - Flnergency Fund Service, Inc. , $1,400,000 Revenue Bond Issue COMMITTEE RECOI�IIIVDED DISAPPROVAL (2-1) . � RECEIVED�j No� �,01�� "`_� cr�� c��. CITY HALL SEVENTH FLOOR SAINT PAUL, MINNESOTA 55102 612/298-4646 s.�,�e ��, .Pa '�1 Port Authority DEPARTMENT `__ _. .. ��,��' N� _ OsOB� J.A. Campobasso> E.A. Kraut CONTACT ��' �24-5686 ^ PHONE . . --�.�--.; _ . . . . October 25, 1988 - . � : = - DATE ' . 1 e��__ ' ' Q, Q � -- .�; - . SSIGN NUMBER FOR ROUTING ORDER (C1ip All Locations for Signature) : :,�,_ ,, -. , . . 1 Department Director • � - • - � 4 � Director` of Management/Mayor ` ? Finance and Management Services Director - . . . 5 City Clerk .. . _ ,. _ Budget Director . . ; � �� - _ � � �FNTFRPRTSF �7f1NF CRF�TTS � � City Attorney . . _ ST. PAUL STAMP WORKS. INC. HAT WILL BE ACHIEVED BY TAKING ACTION ON THE ATTACNED MATERIALS? (Purpose/ - •- . Rationale) : _nterprise Zone credits will be used as an incentive for St. Paul Stamp Works, Inc. to construct � new 20,950 square foot manufacturing facility in �mpire Builder Industrial Park. �t. Paul Stamp has 37 full time employees and will create 8 new positions within three years �f the completion of this project. Attached are two copies of the Rarticipation Agreement For review and execution. . OST/BENEFIT, BUDGETARY AND PERSONNEL IMPACTS ANTICIPATED: . . N/A INANCING SOURCE AND BUDGET ACTIVITY NUMBER CHARGED OR CREDITED: (Mayor's signa- ture not re- Total Amount of �Transaction: quired if under � $10,000) Funding Source: N/A Activity Number: • TTACHMENTS (List and Number All Attachments) : . Draft City Council Resolution � '.. Staff Report . . 3. Participation Agreement :c. J. Shoholm :PARTMENT REVIEW CITY ATTORNEY REVIEW � Yes No Council Resolution Required? � Resolution Required? Yes No _Yes No Insurance Required? Insurance Sufficient? Yes No Yes No Insurance Attached: (SEE •REVERSE •SIDE FOR INSTRUCTIONS) �' svised 12/84 . , I' IINIYE � CITY CLE�+�c � / p�NK � LiN�ryCE COURCII a C�.�+�av �- DEO�ciTr.�ENT G I TY OF SA I NT PA U L ' BLUE - M�vop �. File NO. ' � Council Resolution - ��a Presented By �'��'�� v Referred To Committee: Date Out of Committee By Date RESOLUTION APPROVING APPLICATION OF ST. PAUL STAMP WORKS, INC. FOR CLASSIFICATION OF PROPERTY LOCATED IN THE SAINT PAUL RIVERFRONT ENTERPRISE ZONE AS CLASS 4d EMPLOYMENT PROPERTY WHEREAS, St. Paul Stamp Works, inc. (the "Company") filed with the City Clerk an Ap- plication for classification of its property located north of Empire Drive in Empire Builder Industrial Park as Employment Property pursuant to Minnesota Statutes Section 273. 1313 and the Saint Paul Riverfront Enterprise Zone Program (the "Program"); and WHEREAS, the new investment, tax classification, and State tax credits as set forth in detail in the October 19, 1988 Staff Report will result in the creation of 8 new post- tions in Saint Paul with the construction of a new 20,950 square foot manufacturing facility for St. Paul Stamp Works, Inc. ; and WHEREAS, there has been presented to and considered at this meeting a Particlpation Agreement between the City and the Company whereby the Company covenants respecting the completion of property improvements; and WHEREAS, the Port Authority of the Cfty of Saint Paul has received authorizatlon from the Department of Trade and Economic Development to utilize an alternative local contribu- tion of infrastructure improvements in lieu of local property tax reduction; and WHEREAS, the City Clerk duly published on October 15, 1988, in the Saint Paui Legal Ledger, the official newspaper for the City a notice of public heartng before the City Councii upon the Company's Application; and WHEREAS, District 6 and 7 Planning Councils have reviewed and recommended approval of the Application; and COUNCIL MEMBERS Yeas Nays Requested by Department of: Dimund �o$ IR F�BVOC coswia Rettman scne;t�t Against BY Sonnen �Ison Form Approved by City Attorney Adopted by Council: Date . Certified Passed by Council Secretary BY By Approved by Mavor: Date Approved by Mayor for Submission to Council gy By w.+ITE - C�Tr CLEwK C011lIC11 J� P.NK FIVAN�E GITY OF SAINT F�ALiL C p[ CsN�Rr _ DEP�RTME�+T BLUE - r.��rOw , ['lle �O. � / " � � Council Resolution � Presented By Referred To Committee: Date Out of Committee By Date WHEREAS, the City Council conducted a public hearing on November 17, 1988, upon the Application at which hearing opportunity was provlded for the Applicant, the County Asses- sor, repr-esentatives of affected taxing authorities and any taxpayer of the City or member of fihe public to present their views orally or in writing at or before the hearing, and having duly considered the testimony and written views presented at the hearing and the Application, staff repo►-t and draft Participation Agreement; now therefore, be it RESOLVED by the Council of the City of Saint Paul that it hereby determines that the Application of St. Pau) Stamp Works, Inc., the property improvements, retained and new jobs and tax benefits proposed meet the objectives of the Saint Paul Riverfront Enterprise Zone Program. RESOLVED FURTHER that the City Council additionally finds and determines that the construction of the new faciltty ( I ) is reasonably likely to create new employment in the City; (2) will not have the effect of transferring existing employment from one or more other cities within Minnesota; (3) will result in an increase in market value of the employment property of 5800,000 which is .0115� of the market value ot all taxabie property in Saint Paul ; and (4) will not result in the reduction of the assessed value of existing property within the City owned by Applicant. RESOLVED FURTHER that the Application and employment property reclassification thereby proposed is hereby approved and the City Clerk is directed to transmit the Ap- plication together with a certified copy of this resolution to the Commissioner of Trade and Economic Development for consideration and��final approval. RESOLVED FURTHER that the Participation Agreement between the City and the Applicant is hereby approved, and the proper City officers are authorized to sign the same on behalf of the City, and upon its signature by the Applicant to transmit Attachment C of said Agreement to the Commissioner of Trade and Economic Development for signature by the Com- missioner or designee upon fina! approval of the Application. - 2 - COUNCIL MEMBERS Requested by Department of: Yeas Nays Dimond �ns In Favor Goswitz Rettman Scheibel A ga i n s t BY Sonnen • �Isoo Form Approved by City Attorney Adopted by Council: Date ' Certified Passed by Council Secretary BY By� Approved by 1Aavor: Date Approved by Mayor for Submissiort to Council By BY g�- � ��, � FAX(612) 223-5198 PORT AUTHORIN OF THE CIN OF SAINT PAUL TOLL FREE(800) 328-8417 1900 LANDMARK TOWERS � 345 ST. PEfER STREET • ST. PAUL, MN 55102 • PHONE(612) 224-5686 January 18, 1989 RECEIVED JAN 2 01989 Mr. A I bert o I son CITY CLERK City Clerk Office of the City Clerk 386 City Hali & Court House St. Paul , Minnesota 55102 SUBJECT: ENTERPRISE ZONE CREDITS ST. PAUL STAMP WORKS Dear Mr. Olson: Enclosed is the fwlly executed Participation Agreement for the St. Paul Stamp Works project for your files. Sincerely, -,. ,� u � ..�-�, _ ' John A. Campobasso Director • Industrial Development JAC:ca Encl . EUGENE A.KRAUT,C.I.D.� PERRY K.fEDERS,C.P,A. JOHN A.CAMPOBASSO,C,LD.� JAMES F.FAUE,C.I.D.� JAMES E.TERRELL,C.LD.� EXECUTIVE VICE PRESIDENT,C.E.O. ASSL EXEC.VICE PRESIDENT,GEO. DIRECTOR INDUSTRIAL DEVELOPMEM CIRECTOR REAL ESTATE OPERATIONS DIRECTOR ECONOMIC DEVELOPMENT LAWRENCE H.LANGER,P.E. RICHARD A,GIERDAL PATRICK E.DEAN,C.P.A. ROBERT A.MITfET,C.P.A. KAMERON L CARLSON,C,P.A. WILLIAM E.McGNERN CHIEF ENGWEER PROPERN MANAGER FINANCE DIREC70R ASST.FINANCE DIRECTOR ACCOUNTWG MANAGER DIRECTOR PUBLIC RELATION$ COMMISSIONERS: GEORGE W.WINTER WILLIAM R.PETERSON HOWARD M.GUTHMANN JEAN M.WEST VICTOR P.REIM JAMES SCHEIBEL ROBERT C.LONG PRESIDENT VICE PRESIDENT SECRETARY ASST.SECRETARY TREASURER ASST,TREASURER COMMISSIONER �C.I.D.CERT�RED INDUSTRIAL DEVELOPER •� � , � . PARTICIPATION AGREEMENT RIVERFRONT ENTERPRISE ZONE CITY OF SAINT PAUL Preamble 1. Participating Business: 2. Application Approval �t pa�i] Stamr Works, ins. Name Date November 17, 1988 946 Universitv Ave. West Address C.F. No. RR-1R94 St. Paul , MN 55104 City Council Employment Property Classification Effective For Assessment Years 19 �_ thru 19 �_ Employment Property Classification Certification by Commissioner Department of Revenue dated Januarv 10, 1989 (Attachment C) 3. (Persons)(Officers) Authorized to Sign for Participating Business: Edmund M. Mellqren III Name Name Treasurer Title Title Signature Si�nature 4. Person Authorized to Receive Communications for Participating Business: Edmund M. Mellaren III Name Is Authorized to Receive Communications From the City or State on Behalf of Treasurer the Participating Business. Title 946 Universitv Ave. West Address 646-9661 Telephone 5. Description of Property to Receive "Employment Property" Classification (Use Description From Ramsey County Department Space for Use of of Taxation, 126 City Hall and County Courthouse): Ramsey County Dept. of Taxation PIN Classification Entered: Date: Lot 1 , Block 1 , Empire Builder Industrial Park (Use Reverse Side of This Page If Necessary) 6. Alternative Local Contribution: Yes X No Description An alternate local contribution plan comprised of building demolition, site preparation and infrastructure improvements within the Empire Builder Industrial Park was approved bv the Minnesota Dept. of Trade and Economic Development. 7. Types of State Tax Reduction: (a) Sales Tax Exemption Amount (b) Income Tax Credit (1) Employee Credit X Amount $ 24,000 (2) Debt Service Credit X Amount $136.000 (c) State Paid Property Tax Credit Amount The type and amount of exemption and credits shall be those as certified by the Commissioner of Energy and Economic Development. If there is variance between this section and the Commissioner's Certification, the latter will control (Attachment C). Subject to compliance with this Agreement, to the provisions of Minnesota Statutes 1984, Section 273.1312 to 273.1314 inclusive, and such regulations as nnay be adopted by the Department of Revenue or of Energy and Economic Development (the "Act"), and upon filing proper tax returns and schedules, the participating business is eligible for credits as appropriate against Minnesota income tax and property tax liabilities for the tax years 19 $$ through 19 91 . 8. COVENANTS BY PARTICIPATING BUSINESS: In making application for enterprise zone credits, the participating bu'siness has represented and hereby covenants, for itself and its successors or assigns, (the "Participating Business"): (a) that (it) (XXXk�� will submit construction plans and evidence of financing and will commence, diligently pursue and timely complete improvements to the property described in Section 5 above in the dollar amount and as specified in the "Property Improvement Schedule" annexed hereto as Attachment "A". Commencement Date December 1 , 1988 Completion Date June 1 , 1989 Amount S 876,562 (b) that (it) (XXX��) will recruit, employ and train new employees resident in the economic hardship area designated in the Riverfront Fnterprise Zone Program, or persons who are unemployed and economically disadvantaged or of a protected class in accordance with the provisions of the "EMPLOYMENT AND TRAINING SCHEDULE" annexed hereto as Attachment "B", and that the minimum number of new employees shall be as follows: Number of New Employees $ (c) that (it) (xXX��) will maintain complete records respecting its performance of the covenants set forth in Section 8(a) and (b) herein, and permit access to said records by accredited representatives of the Minnesota Commissioner of Revenue, Ramsey County Tax Department and Saint Paul Port Authority; that (it) (XXx��) will report quarterly to the Division of Job Creation and Training the number of hires covered by this Agreement; and that upon request and at least annually (it) (XXX�qe� will report to the Saint Paul Port Authority on forms provided by the Saint Paul Port Authority on construction completion, new hires and other direct or indirect economic activity resulting from its facility operations in the Riverfront Enterprise Zone. (d) that (it) (xXX� will promptly and satisfactorily perform each covenant herein undertaken and each other requirement of the Act, the Program or of this Agreement imposed as a condition of the approval of the application for and grants of tax credits and designation of property classification. 9. REVOCATION The Council may revoke an alternative local contribution and may request the Commissioner of Revenue to approve the revocation of a classification pursuant to the Act if. it finds and determines by resolution, after hearing upon notice mailed to the applicant by certified mail at least 60 days before the hearin�, that (a) The construction or improvement of the Participating Business' property and operating facility has not been completed within two years after the approval of the classification, or any longer period as may be provided in Section 8(a) hereof; . �'U�-i�� (b) The Participating Business has not proceeded in good faith with the construction or improvement of the facility, or with its operation, in a manner which is consistent with the purpose of the Act, the representations of the application, or the covenants of this Agreement; or (c) The Participating Business has misrepresented a material statement contained in its application for tax credit has failed to perform any express covenant of this Agreement or is not in continuing compliance with requirements or conditions for approval or grant of an alternative local contribution, state tax reductions or credits under the Act, the Program or this Agreement. REVOCATION OF AN ALTERNATIVE LOCAL CONTRIBUTION OR OF AN EMPLOYMENT PROPERTY CLASSIFICATION 3HALL TERMINATE STATE TAX EXEMPTIONS, CREDITS AND REDUCTIONS. The City Council may impose or request imposition of a remedy other than revocation, including withholding, of eligibility certifications for credits, exemptions or reductions, or institution of suit for specific performance or other remedy in law or equity. No failure of the City to exercise or make selection of a particular remedy for breach of this Agreement by the Participating Business shall be deemed a waiver of its rights to enforce performance by the Participating Business of its obligations under the Act or this Agreement by any remedy available to the City in law. 10. RECAPTURE _ In the event the Participating Business ceases to operate its facility in the Riverfront Enterprise Zone within two years after the expiration of tax reductions under the Act and this Agreement, the Participating Business covenants and agrees that it shall repay the amount of tax reductions and of the local contribution pursuant to the following schedule: Termination of Operations Repayment Portion Less than 6 months after expiration of tax reductions 100 percent 6 months 75 percent 12 months or more, but less than 18 months 50 percent 18 months or more, but less than 24 months 25 percent The repayment shall be immediately due upon such cessation of operation of its zone facility, payable to the State of Minnesota to the extent it represents an income tax credit or reduction and payable to the City to the extent it represents a property tax reduction or other local contribution. 11. OTHER TERMS . , . , �'� - /�'� � 12. EFFECTIVE DATE This Agreement has been accepted and executed on behalf of the Participating Business by the afficers whose titles and signatures appear in Section 3, above The Application and Agreement have been approved by action of the Saint Paul City Council as recited in Section 2 above, and is executed on behalf of the City of Saint Paul by the officers whose titles and signatures appear below. This Agreement shall be effective upon its execution in Section 2 above and its delivery to the City of Saint Paul by the Minnesota Commissioner of Revenue or his authorized designee. CITY OF SAINT PAUL � g Date MAYO� s �`� gy ✓ Date //'_� / —8� C CLERK � �� gy � Date DIRECT R DEPARTME OF FINANCE & MANAGEMENT SERVICES �_��f � Appr d as to Form �--( ��_ - - � A sistant City Attorne � ,� ' PROPERTY IMPROVEMENTS SCHEDULE � � ATTACHMENT "A" PARTICIPATION AGREEMENT RIVrRFRONT ENTERPRISE ZONE ST PAUL �TAMP wORK�� T Nr._ _ PARTICIPATING BUSINESS A. Facility description The companv will construct a 20 950 sq�are foot building rnntitting nf F,,9(1(1 cT rP feet of office and 14,750 square feet of �rod�ction sna�P_ ThP facilit�i w;>> t,P constructed on 2 15 acres of land in Emnire Build r Ind ,strial Park_ B. Construction Specifications(identify every specification or drawing, title;date and approving architect or engineer)* All construction specifications will be submitted to the Port Authority for review. (copies of each drawing or specification must be supplied to the Ppt"t AUth01^1 ty� C. Construction Cost Detail Estimated construction costs - $876.563. All disbursements will go thrni��h the Port Authority. D. Financing commitments(equity and mortgage financing) Port Authority has approved the sale of tax exemqt revenue �onds under Resolution No. 876. • Preliminary plans may be submitted with the Application.Within days of approval of this Application by the Commissioner of Revenue,final construction plans and specifications acceptable to the Ciry will be submitted. ST. PAUL STAMP WORKS, INC. PARTICIPATING BU I ESS aint Paul By ey gy �r� . � EXHIBIT B �� 0�� '� CITY OF SAINT PAUL � � FIRST SOURCE EMPLOYMENT PARTICIPATION AGREEMENT Participating Employer: Saint Paul Stamp Works, Inc. Address: 946 University Ave. W. , Saint Paul, MN Zip: 55104 Phone: 646-9661 Authorized Contact Person: Edmund Mell�ren III Estimated Number of New Jobs: 9 I. GENERAL A. The Ciry desires to increase employment opportunities for unemptoyed, economically disadvantaged City residents participating in the comprehensive employment and training services provided through the Saint Paul Employment and Training Cerrter. B. DevelopedEmployer agrees to use the Ciry as its primary source for recruitment, training, referral, and placement of new or replacement employees in accordance with the terms of this Agreement. � C. The Ciry's delegate agency will be the Job Creation and Training (JG"T) Section in the Department of Planning and Economic Development, Saint Paul, Minnesota, or any other appropriate City agency as may be designated by the Mayor. D. This Agreement becomes effective upon the date hereof and shall continue for five years from the time Employer/Developer occupies any developed facilities unless othervvise specified as provided herein or until the job creation goals as described in the Estimated Hiring Schedule (Attachment B) are fullfilled. E. This Agreement shall be applicable to all Developer/Employer new or replacement entry level positions for which unemployed, economically disadvantaged persons might reasonably be available. This Agreement shall not apply to thase jobs covered by existing collective bargaining agreements or other DevelopedEmployer Agreements, where the terms of this Agreement would cause Developer/Employer to breach the provisions of such agreements. F. The Developer/Employer shall incorporate this agreement in each lease and sale agreement for space, if any, developed with public assistance, provided by or through the Ciy of Saint Paul in a manner in which the space so leased or sold and the - lessee or purchaser thereof shall bear a proportional share of the job placement to be accomplished under this agreement. _ ___ II. RECRUITMENT - A. The employment positions covered by this Agreement include all DevelopedEmployer job openings in the ctassifications, tides and qualifications contained in Attachment B. B. The Developer/Employer will notify Job Creation of its need for new employees in covered positions as soon as the Developer/Employer decides to hire such employees or, if possible, fifteen {15) working days prior to the expected hiring dates. Notification will include the information in Attachment A. C. The DevelopedEmployer will provide Job Creation with its best estimate of the number and timing of potential job openings through use of the form provided in Attachment B. D. The Developer/Employer may notify Job Creation of any vacancies not covered by this Agreement. Atthough the Developer/Employer is not obligated to hire employees from Job Creation referrals, they must consider such individuals for hire in good faith. ' E. Job openings which.are filled by internal promotions from the Developer/Employer's existing work force are not covered by this Agreement. - --- =.-_ II1. REFERRAL A. Job Creation will refer applicants according to the qualifications requested by Developer/Employer. B. If training for specific jobs has been agreed upon between the Ciry and Developer/Employer in a separate agreement under Section V, hereof, trainee applicants will be considered qualified only when the training is successfully completed by applicant. C. Deve�oper/Employer reserves the right to make all decisions on hiring new or additional employees, including the qualifications of applicants, but agrees to hire for covered positions from among those pe�sons referred by Job Creation who meet the job descriptions and qualifications or other pe�sons certified as eligible. D. The Job Creation and Training Section will coordinate its referral and placement efforts with the Minnesota Job Service. Referrals and placements from either organization will apply toward the total hiring goal stated herein. ��City of Saint Paul �.�:::: Job Creation and Training Section , .. . IV. PLACEMENT A. When Developer/Employer notifies Job Creation of job openings in covered positions prior to fifteen (15) working days in advance of the proposed date to hire, Job Creation will notity the Employer five (5) working days prior to the application submission date of the numbe�of applicants Job Creation will refer. B. If Job Creation cannot refer the tatal number of qualified persons, the Job Creation and Training Section will notify the DevelopeNEmployer who may fill the remaining positions by any means. C. Job Creation will: a) provide assistance and monitor job retention of employees placed under this agreement for six months, and b) monitor Developer/Employer's performance under this Agreement. DevelopedEmployer will submit Quarterly Hiring Summaries in the form attached as Attachment C. D. After the Developer/Emplo�ner has hired an applicant referred by Job Creation, Job Creation will not be responsible for the employee's conduct and the Developer/Employer releases the City from any liabiliry for the actions of such employees. V. TRAINING A. Job Creation and the DevelopedEmployer may agree in a separate agreement to develop training programs including: 'OnThe,lob Training programs (OJT) 'Wage subsidy programs (Minnesota Employmern and Economic Development Program (MEED) = - -- 'Customized Training Programs developed joiMly between the Ciry, EmployedDeveloper, and area educational institutions. B. Job Creation and Training will coordinate the provision � Errterprise Zone credits with the Saint Paul P�ort Authoriry andbr the Minnesota Department of Energy and Economic Assistance, if appropriate, through the Quarterly Hiring Summaries. C. The DeveloperlEmployer agrees that it will not discontinue on-the job training presently provided to iis employees by reason of ` the pr�ision by JCT �on-the-�ob training under this or a separate agreemeM. - °- T -, - —_._ _._. �- - VI. CONTROLLING LAWS AND AGREEMENTS - - � A. 1f this Agreement conflicts with or requir�es DevelopedEmployer to breach an existing collective bargaining agreement or any other existing agreemerds, said agreements shall prevaiL _ B. DevelopedEmployer will provide Job Creation with written evidence that Developer/Employer has provided the rep�esentative of any collective bargaining unit with a copy of this Agreeme►it and has requested comments from said unit. DevelopeNEmployer will provide such comments to Job Creation. C. The Developer/Employer will comply with any local, state, or federal law or regulation as they pertain to the EMerprize Zone designation. PARTICIPATING EMPLOYER: By: G�� ..��'' /�'.�� o �.��r �'�'r-�-� � Date: /4/88 Title:�� ' - BY� Date: ==— _ -- Title: _ - CITY OF SAI T PAUL BY� Date: Dir f Planning & con �ic DeJ�I ment .' ';� 5"'.-r'i BY� �'� '_� Date: - _ _ Director of Fi�ance & Management Services �;1-�;, APPROV AS TO FO ' Date: /� -�5�'8d' Assistant ' ttorney . - , �� a � ATTACHMENT A JOB ORDER FORM t. Employer 2. Date Client Response Date (SPETC) By: 3. Job Title 4. Number of Openings 5. Job Location 6. Contact Person Phone 7. Supervisor � 8. Starting Date 9. Starting Salary $ per 10. Benefits 11. Days to be worked 12. Hours of Worlc 13. Will union membership be required? Yes No UnioNLocal 14. Duties of position (may attach description) � :__ � -- -- _-- — 15. Necessary Qualifications - - - - _ -- - Skill Level (include licenses and/or certificates necessary) Education: Specialized Training: Euperience: . 16. Are your employees in this position expected to provide any necessary taoT's�in the job(s)? Yes --NB (If yes, please attach an itemized list (with prices) of tools required for each position.) _ - -- z7. Could a person with limited English speaking skills perform this job? Yes No 18. Is public transportation easily accessible? Yes No 19. Does the job required shift work or other than traditional hours? Yes No (If yes, please clarify) ' Return To: St. Paul Employment & Training Center 615 So. Chatsworth � Saint Paul, Minnesota 55102 ��-,-� •I • ' , , ATTACHMENT B ' ESTIMATED HIRING SCHEDULE City of Saint Paul Department of Planning and Economic Development � Job Creation and Training Section Employer Saint Paul Stamp Works, Inc. Date October 4, 1988 Transfer from Future Job Other Immediate New Hires Titles Locations New Hires (No. 8 Date) Production (production of tags (1) within 3 months and nameplates; $6.00 _ per hour) Full Charge (1) 6 months Bookkeeper (general ledger and computer = _ - responsibilities) - -- Salesperson (direct sales, local �l) 6 months base plus commission) Commission Sales (3) 6 to 12 months Telemarketing (cold calls to (3) 6 to 12 businesses nation- months wide; $5.00 per hour , . . ATfACHMENT C QUARTERLY HIRING SUMMARY For Quarter Ending Please list belaw the positions in your fi�m which are covered under the first Source Employment Participation A�greement with the Ciry of Saint Paul. Atso list the number of hires for each position and return this form to the Job Creation and Training Section within ten (10) days. Additional information on hires may be attached as needed. Title of Position Total Number of New Hires 1. 2. 3. 4. 5. 6. — 7. 8. - I certify that the above information is�rue and accurate. Authorized Signature Tdle Participating Employer Date Please return this form to: Ciry of Sair�-�'aul —= --- -- - - - Departme�of-Planning and Econom�Fdeve�opment - - Job Creation and Training Section - -- 25 West Fourth Street Saint Paul, Minnesota 55102 Attn: Kathy Korf . , c�u��o,� � �a �� .�,�a .� � � �G�-- - . y / . i✓i� V' �i'II t!'�/Mn�Or>C-� ��-��i�Y� ..li/ ATTACHMENT A � 'OB ORDER FORM �'- -- - t. Employer 2. Date,Ls2—l.�'� Client Response Date (SPETC) By: 3. Job Title /`—i i'!�/ � ��/CCI /I Oy� . Number of Openings / �»O✓•'hs 7�G �MIoi.P� �[9�/I10.�2 5. JOb LOCatiOn ' , �, �J �• y� �' rii� ,lp V s. Contact Person _ �A �/p� �Q✓ G �� Phone �o �7 � """ /� �/ 7. Supervisor 8. Starting Date ��J D�/� 9. Starting Salary $�per.��Z'��ef�� 10. Benefits c.3 11. Days to be worked ��— /�--` 12. Hours of Wo�lc �:�0 � y`..3 � G�'0+�+'�G Ov�I.� �7i's,C, 13 Vllifl�nion membership be required? Yes No UnioNLocai 14. - Duties of position (may attach description) ��i�d� �/sc�r�i�l 77C� �r� r»G � / ' r J . � f . _ �,-Ne_c�asary ch,alifications /�c>:r��i r, , C�o �c�h: ar� c�!» .veyo� _. � `J -- =f- _- `Skill Le�rsl (include licenses andlor certificates necessary) �O G�/hf h A�G��4 r�i/ - - � J , � Education: �' � .// Specialized Training: r ' � : Experience: lw� � C3 � /UJ'_ /—�t!�/�ouJ' . !/'��°��P'� 4 e /l/Lf'� 16. .��rour employees in this position expected to prev+de any necessary tools in the job(s)? Yes IVo (If yes, please -a�f'dC� an itemized list (with prices) of tools required fior each position.) -�� 17. Could a person with limited English speaking skills perform this job? Yes No �rf� v vN�'r'� 18. Is public transportation easily accessible? Yes No ��G��p _ " �� 19. Does the job required shift work or other than traditional hours? Yes No /Y�s r 4J� }'�- (If yes, please clarify) Retum To: St. Paul Employment & Training Center 215 East Ninth Street � Sai nt Paul , Mi nnesota 55101 ��"�°� T, ` � Attachment g - Exhibi t D �'�',/�'�� ' `.�' '�.~�'I�r�rr'� x�—�----'i� . ��--�� •// /�� ,�� ,��'� .�r�"� _��L`.�u�'� ;..—r' �, • =,T-- � �,. .'II� � ,. -� N � � �� r� ��' � =��,I . �^� �. / �u',L_ ��'��r--��----�r—� r"�' ��'-�.lirr!�� ~' .;I �• I�a r �--• � � I'�.i � i '� � '�� -""�—� k �'� ��`�.k II ii � ��u...�l �� _ —��'.Y�'J`��~i • I��"\ • �� U J , __ — �� '.��0�� I'.�c�iq-----� ��ea � , !� ��I��.�.� �1� �i� ----�� _� -- � �' -�� .�� ' � -'�---1 S .1i�� :.�U,�I j � ..II i �� • � _ __ .;y�tn--- ----- ' �,� � . (� �---�y( � , �� ' �w.- �\,y+`,��1 `��... �, I L�--NJ�c7 J L �j� � � � r•r ! � � `'��' d ; .: \ \ O�� __ _ �___ I f� . rr`, _ �_ � '-- r� —,-1�� _� /�� , � I � ! � '� � h � ^'-- -^�L' � � -- , - � -� 1-'� L.�.�LuLL ,L � �, � � r. -- - -\ ,e. ..�,. .... 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N J �� y'� , ::�•au��❑m�o a� ��G� : � °' ��,JjI�� n �� °��-� �� ... ` . � ��U i I❑❑ � J J '\� ^ � 1 I �� ^ I\\�!� - �� ' ��aoo� ��,�� -� .. � ,,�, �. . . � � ��d _.� , � (��-��- �:� ,_ � ,/.� . innn�mm��nnn�.,��.N,-,� � � SC�IE �y N o +oa wo '.mo ao0 x000 FEET � Q R H EI1tP.Y"�2zSE ZOrie Riv�erfront Initiative � �� p 4'� T�'U�a � ATTACHMENT C �Ml ''�'U�,�:� Form MINNESOTA DEPARTMENT OF TRADE ANO ECONOMIC DEYELOP �� yO,:• EPA Certtftcatlon and Appitcatlan for Enterprise 2ane rby�it � Sj� �`'` 9N1 � �� PART I .? �� ame us ness nnes a um r ra um �y,4C Fi;� St. Paul Stam Work In . 832 744 41 63 '°Fo ress num r an s rse � ame an e ep rne num r person o con a a � iness if we have questions about thts form. � �� 4,� 946 Universit Ave. We Ed M M 11 r n III 646- 1 i y a e p e St. Paul MN 55104 escr e expans an ac v y squa re ee expans on, num r � s crea e , ncrease n pay ro , ncrease in market value, cost of expansfcn, descriptfon of business and nature of its product). The COfilPdfly W1�� onstruct a 20 950 sguare foot produ tion facility with an estimated market value of 800 000 with �otal investment over 1 .2 milli n d llars S Paul Starn W rk is n f (Over) PART II Ente rt se Zrne C red t ts . a es tax pa7�pu rchases of constrvctton mate rials or equipment......................... 1. 2. Interest paid rn debt to finance constnictian ot ner+ facillty.............................. Z. $136,0�0 3. a. Numbe r of worke rs emplayed....................................... 3a. 8 b. Cred(t perr►orlcer (from Ifne 6 bela+)............................ b. . c. Multiply the numbe r on Iine a by the amount on Iine b.................................. 3c. 24.�� Bo�ier CitY Zanes Only � �Numbe�o� wo•kers emptoyed....................................... 4a. b. Credit perworicer (trcm line 7 bela+>............................ b. c. Multiply the numbe r on I(ne a by the amount on line b.................................. 4c. Tata I C red t ts �T a en erprfse zone credlts (add lines 1, 2, 3c and 4c).................................. 5. �160.0�0 n e rp r se one y ame an e e ane num r pe rsrn o con a v+e ave ques i ons a ou tn�s for�. �ohn A. Campobasso, Port Authority of the City St. Paul , Minnesota of Saint Paul -- 612/224-5686 ega esc r p on p rope y or w c c re s c a me . Lot 1 , Block 1 , Empire Builder Industrial Park 6. Fill fn the c redit amount to be al�a+ed for each emplayee.................................. 6. $3,�0� 7. Borde r cfty zones rn�Y - Fill in the creCit amount to be alla+ed for each emplayee......... 7. 8. Check the app rop riate boc: I I new facility I 1 expansion af extsting factiity Also fi I I in the amount of credit to be al Iwed for property tax payable in 19 ......... 8. 9. Border�city zones rn I (for existing faci I tties) FTT'rTn�Fie amount�c�dit to be al la+ed for property tax payable in 19 .............. 9. xa co� r u on exp a n a+ e e rm n ane e uc a►s An.al 2r d 1V �OCd CO t 1bUt10q 1d11 COm- eeginntng ealance........ • prise�d o'� �bu��d�ng �demo4i��on, sit� prepara- Otfering toCompany...... Em�irenBuilderSIndustrealmPa�kewasta Wroved b Co�i�ss Boner�of Tra e onomic Develo men 1 he reby dec I a rs and ce rt i y that the app I t cat I on i s t rue and correct to the best of my knw I edge�a ar�4 ef. 85� � gn re pp can a e � + � � , ,J _ - y e o m n s ra or a e omm ss oner ra conan c eve cpme a e � Ce rtttication that app Icant is located in the Enterprise Zone and credits are available. • ece y ca ae F VII/10-1, 10-2, 10-3 Form EC-00060-Ot INSTRUCTIONS If you wish to claim the enterprise zone credit, you must complete Part 1 of this form and have a representative of the enterprise zone city fill in Part 2 to show the amount of credit the city will allow. The representative and an elected official must also certify that the information is correct by signing at the bottom of the form. After the information has been certified by the city, it must be sent to the Department of Trade and Economic Development for approval. Mail the form to: Minnesota Department of Trade and Economic Development Community Development Division 900 American Center Building 150 East Kellogg Houlevard St. Paul, MN 55101 After the form has been approved by the Departa►ent of Trade and Economic Development, the Department will notify the Enterprise Zone City of approval. Note: If you stop operations in the enterprise zone within two years after you claim these credits, you will have to repay all or part of these credits. This form should be filed with your county auditor if local property tax reductions (4D property reclassification) or state paid property tax credits aYe requested. If the city has allowed you a credit for property tax payable on line 6 (or line 7 for border city zones) , you must file this approved form with your county auditor to receive credit on your property tax statement. Contact 612/296-5005 for additional information. F VII/10-4 ** the largest manufacturers of marking and identification products in the country. These products include custom hand stamps for improving paper flow, decorative trim, nameplates and labels for identifying products and making equipment for stamping variable information on customer parts.