86-344 WHITE - C�TV CLERK
PIy.Y -�-`IN�ANCE GITY OF SAINT PAUL Cou cii /j
CANARV - OEPARTMENT File NO• �G �✓�
BLUE - MAVOR
Council solution
_ . ..
Presented By l
Referre Committee: Dat
Out of Committee By Dat
RESOLUTION APPROVING APPLICATION OF
DCONOMICS LABORA'It�RY, INC. FOR CLASSIFICATI
OF PROPER'TY LOCATED IN ZHE SAINT PAUL
RIVERFRONT ENTERPRISE ZONE AS CLASS 4d
EMPLOYMENT PROPERTY
WHERF,AS, Economics Laboratory, Inc. , (the "Company") filed w' the City Clerk an
Application for classification of $2,500,000 in improvements to e 'sting property located
on Blair Avenue in the Ehipire Builder Industrial Park as F�nployme Property pursuant to
Minnesota Statutes Section 273.1313 and the Saint Paul Riverfront nterprise Zone Program
(the "Program"); and
WHERF,AS, the property irnprovements, tax classification, and ate tax credits as set
forth in detail in the January 30, 1986, Staff Report will result 'n the creation of 200
new jobs and the retention of 17 jobs in Saint Paul by the const tion of a new building
on the site; and
WHEREAS, there has been presented to and considered at this eting a Participation
Agreement between the City and the Company whereby the Co�npany co nants respecting the
canpletion of property improvements; and
WHEREAS, the City Clerk has sent copies of the Application t the Ramsey County
Assessor and to the governing body of Independent School District . 625 and of every
other public body authorized to levy taxes upon the property and ly published on
February 4, 1986, in the Saint Paul Legal Ledger, the official ne paper for the City a
notice of public hearing before the City Council upon the Ccxnpany' Application; and
WHEREAS, the District 6 Planning Council on February 4, 1986, reviewed and
recamnended approval of the Application; and
COUNC[LMEN Requested by Department f:
Yeas Drew Nays
Nicosia � �
Rettman [n Favor
Scheibel Q
so��e� __ Against BY
Tedesco
Wilson
Form Approved by City At rney
Adopted by Council: Date �
l/
Certified Passed by Council Secretary BY �
sy. l �-cs�__� .
Approved by :Navor: Date _ Approved by May for ub is 'on to Council w
BY - —
WHITE -�ITV CIERK
PI}OK - FINANCE GITY OF SAINT PAUL Co ncil ,/
CANARV - DEPARTMENT FII NO. �� v`� / �
Bl_UE - MAVOR
Council Resolution
Presented By
Referred To Committee: Da e
Out of Committee By Da e
WHEREAS, the Thcxnas/Dale District 7 Planning Council on Janu ry 23, 1986, reviewed
and recoarniended approval of the Application; and
Wt�REA.S, the anpire Builder Industrial Park Job Coalition ha been kept informed of
the use of �terprise Zone credits for this project with the most recent update on
February 27, 1986; and
WHEREAS, the City Council conducted a public hearing on Marc 6, 1986, upon the
Application at which hearing opportunity was provided for the App icant, the County
Assessor, representatives of affected taxing authorities and any axpayer of the City or
member of the public to present their views orally or in writing t or before the hearing,
and having duly considered the testimony and written views presen ed at the hearing and
the Application, staff report, draft Participation Agreement and solution dated
February 27, 1986, of the Ibwntown Riverfront Commission reco��en ing approval of the
Application; now therefore, be it
RESOLVED by the Council of the City of Saint Paul that it he eby determines that the
Application of Econamics Laboratory, Inc., the property improveme ts, retained and new
jobs and tax benefits proposed meet the objectives of the Saint P ul Riverfront Enterprise
Zone Program.
RESOLVED FURZHER that the City Council additionally finds an determines that the
construction of the Company's building: (1) is reasonably likely to create new ernployment
in the City; (2) will not have the effect of transferring existi g employment fro�n one or
more other cities within Minnesota; (3) will result in an increa e in market value of the
employment property of $2,225,000 which is .00034$ of the market alue of all taxable
property in Saint Paul; and (4) will not result in the reduction f the assessed value of
existing property within the City owned by Applicant.
- 2 -
COUNCILMEN Requested by Department f:
Yeas DfeW Nays
N"°5'e (n Favor
Rettman
Scheibel
son�e� __ Against BY
Tedesco
W ilson
Adopted by Council: Date Form Approved by City At rney
Certified Passed by Council Secretary BY
B}.
Approved by Mavor: Date _ Approved by Mayoc for Sub ission to Council
BY - — BY
WHITE -�ITV CLERK
PI/rK - FINANCE GITY OF SAINT PAUL Cou cil
CANARV - DE�ARTMENT File NO. �� `���
BLUE - MAVOR
Council Resolution
Presented By
Referred To Committee: Dat
Out of Committee By Dat
RE90LVED FURTHER that the Application and employment property classification
thereby proposed is hereby approved and the City Clerk is directed transmit the
Application together with a certified copy of this resolution to th Conanissioner of
Energy and Economic Development and the Commissioner of Revenue for onsideration and
final approval.
RE90LVED FURTHER that the Participation Agreement between the 'ty and the Applicant
is hereby approved, and the proper City officers are authorized to ign the same on behalf
of the City, and upon its signature by the Applicant to transnit At chment C of said
Agreement to the Commissioner of Energy and Economic Development an the Co�nnissioner of
Revenue for signature by the Commissioners or their designee upon f' al approval of the
Application.
COUNC[LMEN Requested by Department f:
Yeas Drew Nays
Nicosia �
Rettman I(1 FBVO[
Scheibel
Sonnen 0 __ Against BY
Tedesco
Wilson
Adopted by Council: Date MAR 2 0 19$6 Form Approved by City At rney
Certified Pas• by Council Secretary 1 By
By� __ � 1 �f
Appro by Vlavor: Date �R � y �86 Approved by Mayor for Sub ission to Council
sy _ sy
�
PUBIISNEO MAR 2 91986
St. Paul Port Authority DEPARTMENT �� `3�� N� 2263
E.A. Kraut, J.A. Campobasso CONTACT
224-5686 PHONE � ��
DATE e Q Q,
ASSIGN NUMBER FOR ROUTING ORDER (Clip All Locations for Signature) :
1 Department Director 3 Director of Management/Mayor
Finance and Management Services Director 4 City Clerk
Budget Director RE: ENTERPRI E ZONE CREDITS
2 City Attorney ECONOMIC LABORATORY INC.
WHAT WILL BE ACHIEVED BY TAKING ACTION ON THE ATTACHED MATERIALS? (Purp se/
Rati ale) :
Enterprise Zone credits will be made available as part of a total ince ive package provided
to Economics Laboratory, Inc. The company will be constructing a new mputer facility in
the Empire Builder Industrial Park and will also be relocating their I titutional Sales
Division from White Plains, New York, to the Osborn Building in Downto St. Paul .
The project will retain 17 jobs and create 200 new jobs within two yea . Economics
Laboratory, Inc. is anticipating creating up to 350 new jobs within fiv years.
COST/BENEFIT, BUDGETARY AND PERSONNEL IMPACTS ANTICIPATED:
EC�(VED
N�A P� AR � :. �.�"�►
M YQR'S OFFICE
FINANCING SOURCE AND BUDGET ACTIVITY NUMBER CHARGED OR CREDITED: (Mayor' signa-
ture n t re-
Total Amount of Transaction: quired if under
$10,00 )
Funding Source: N�A
Activity Number: -
ATTACHMENTS (List and Number Al1 Attachments) :
1 . City Council Resolution
2. Staff Report
cc. J. Shoholm
DEPARTMENT REVIEW CITY ATTORNEY RE IEW
X Yes No Council Resolution Required? Resolution Requi ed? Yes No
Yes X No Insurance Required? Insurance Suffic ent? Yes No
Yes �No Insurance Attached:
(SEE REVERSE SIDE FOR INSTRUCTIONS)
Revised 12/84
St. Paul Port puthori ty DE PARTMENT � ����No 2 2 70
E.A. Krau t, J.A. Campo basso CONTACT
.
224-5686 PHONE � �
April 2, 1986 DATE e� e �r
ASS GN NUNBER FOR ROUTING ORDER Cli All Locations for Si nature :
epartment Director 3 Director of nagement/Mayor
� Finance and Management Services Director 4 City Glerk
� Budget Director RE: ENTERPRI E ZONE CREDITS
City Attorney ECONOMIC LABORATORY INC.
WHAT WILL BE ACHIEVED BY TAKING ACTION ON THE ATTACHED MATERIALS? (Purpo e/
Ratio ale) :
Attached are five copies of the Participation Agreement for Economics aboratory, Inc. for
your review and signature. Approval of the use of Enterprise Zone cre its and authorization
to execute the Participation Agreement was granted by the City Council on March 20, 1986,
by Resolution No. 86-344.
COST/BENEFIT, BUDGETARY AND PERSONNEL IMPACTS ANTICIPATED:
N/A
FINANCING SOURCE AND BUDGET ACTIVITY NUN�ER CHARGED OR CREDITED: (Mayor' signa-
ture n t re-
Total Amount of Transaction: quired if under
$10,00 )
Funding Source: N/.A
Activity Number: .
ATTACHMENTS (List and Number Al1 Attachments) :
1 . Participation Agreements - Economics Laboratory, Inc.
DEPARTMENT REVIEW CITY ATTORNEY RE IEW
Yes No Council Resolution Required? Resolution Requi ed? Yes No
Yes No Insurance Required? Insurance Suffic ent? Yes No
Yes No Insurance Attached:
(SEE REVERSE SIDE FOR INSTRUCTIONS)
Revised 12/84 �
. �� .,�� T . � � �_ � ��
� e � � �►.R �
� AUTHORITY
OF THE CITY OF ST. PAUL
Memorandum
TO: Riverfront Conmission Develo�nent Task Force �A ' Jan. 30, 1986
FROM: J.A. Cam�obasso '
SUBJECT: DCONOMICS LABORA�RY, INC.
Econamics Laboratory, Inc. 's develoFxnent plans involve bo the Downtown
property as well as the construction of a new facility in the E�npire
Builder Industrial Park. �e campany will be expending a roximately $4.5
million on the renovation of the Osborn and Northern Stat s Fbw�er buildings
to accc�rrodate the m�ve of the Institutional Sales Divisi n fran White
Plains, New York to St. Paul. In order to create adequat space in their
existing buildings and meet the growing de�nand of the div sion, they have
decided to move the Information and Service Division into a new facility in
the F�ire �ilder Industrial Park. The total cost of th t expansion is
estimated at $2.5 million.
Because of the speed in•which Econanics Laboratory has c to these
decisions, they have not determined whether additional di isions will be
accairmodated in the construction of the new facility; the fore, at this
time they are stating that the building will be 20,000 are feet. A
final decision will be made no later than February 14 at hich time they
are expecting the size of the building to be 30,000 squar feet or larger.
Enterprise Zone credits were negotiated based on the cc� ny constructing a
53,200 square foot facility with total credits of $596,00 ; hov�ver, if the
building is less than that, we w�ould back dawn those cred ts. As the staff
report indicates, a 20,000 square foot building w�ould rec ive $400,000
wnrth of State credits. Local tax credits �ould reflect e size and type
of building that they construct as estimated market value of the pr�erty
is established on that basis. The overall project will c eate 217 new jobs
within the first two years and an estimated 350 total job in five years.
Zhe majority of those jobs will be in the Downtown facili y with a minimtun
of 21 jobs being located in the Ea�ire Builder Industrial Park. The 21
jobs are based on a 20,000 square foot building and are e cted to grow as
the building does.
Other incentives in the� project include a $1 million gran fran the State
that will run through the City of Saint Paul, $1,350 per ew job created in
St. Paul up to a maximum of $472,500 fro�n the St. Paul Pe t Authority and
$145,000 fro�rr the City job training program. These incen ives w�ere
essential in Econo�nics Laboratory's decision to expand in St. Paul.
�7Ar;�?
Attach.
. , , . : , . - �� ���
� . . . .
1/30/86
STAFF REFORT
RE: DCONOMICS LABORAZURY, INC.
ENTERPRISE ZONE APPLICATION
A. PROPOSED IIKPLOYMII�TT PROPERTY
Econamics Laboratory, Inc. proposes that approximately 258,000 square
feet of land be reclassified as em�loyment property th ough the City's
Riverfront Enterprise Zone Program. The property will be leased fran
the Port Authority of the City of Saint Paul and is 1 ated in the
Dnpire Builder Industrial Park. The property is ident fied by the
Ramsey County Tax Department through the property iden ification number
09-12000-190-05. The property description is as foll s:
Blocks 5 and 8, Fletcher's Subdivision of Brewster's dition.
Blocks 22 and 23 of Brewster's Addition.
Block 5 of Ashton's and Sherburn's Addition
Including vacated streets.
This property was fonnerly owned by the Burlington Nor ern as part of
its Jackson Street Shops complex.
B. IMPROVFI�IENTS AND PROPOSED USE
Econanics Laboratory Inc. will construct a 20,000 squa e foot buzlding
that will house the information services computer cent r. Estimated
cost for the new facility is $2,500,000. This is phas one of an
anticipated three-phase development which could total ver 90,000
square feet of new construction.
C. PR�7DCTID INCREASED MARKET VALUE
The market value will increase by nearly the total am� nt of the
i�rovements plus the land value as the property was nunally assessed
as vacant, underdeveloped land.
D. RETAINID AND NEW JOBS
The 17 jobs currently in place at the ccxnputer informa ion service
center would have been lost without an acceptable deve opment package
being presented to the co�any. In addition, Economic Laboratory,
Inc. expects to increase its overall employment in the City of Saint
Paul by more than 100 positions in each of the next t years and by
350 within five years. Phase I construction of the in ormation service
� �� -�� (.���G--���
� . � � � . . �
♦ f
center will initially e�loy 21 people. The ccanpany entered into a
City of St. Paul E�nployment and Training Participation reement and
anticipates recruiting fran the local neighborhood as ch as possible.
E. DRAFT PARTICIPATION AGREII�IIIVT
A draft Participation Agreement has been negotiated wi the following
tax benefits:
ual 4-Year
E�mployment Property Reclassification - Estimated $ 1 ,250 $ 45,000
State Debt Financing Credit $20 ,000 •$400,000
Alternative local contribution is $283,386 based on $47 231 per acre of
R�rt Authority site improvements. This contribution ha had previous
approval fran the Department of Energy and Economic Dev lopment.
This represents a private-to-public ratio of approximat ly $5.62 in
private investrnent per $1 public tax reduction or credi . It also
represents one new job per $11,521 of tax credits or ctions.
F. COUNCIL FINDINGS
The Econanic Laboratory, Inc. application proposes crea 'on of 217 new
jobs, none of which would be a transfer fran another Mi esota
municipality. The application further proposes establis nt of an
employment property classification of an estimated marke value of
$2,250,000 which is .00034 of the market value of all t able property
in Saint Paul. The proposal will not result in the aban onment or
de�nolition of other property owned by the applicant in S int Paul
causing reduction of the assessed value of existing pr rty within the
City.
G. RDCOHIlKELVOATION
The staff of the Port Authority of the City of Saint Pau reccmmends
the City Council approve the em�loyment property reclass fication
requested by Econo�nics Laboratory, Inc. Staff further camnends the
City Council approve the attached Participation Agreemen as drafted
and forward Attach�nent C of the Agreesnent to the Co�miss oner of Energy
and EconoRnic Develop�nent.
��� - ' CIiY OF S�IyT PAUL, ��I�iNESOTa �� - ? yC �
- � AP�LICATION fOR � �
' �RIVERFRONT ENTERPRISE ZONE TAX CREOITS ��
�
i . "Jame of Person Applying: W. K. Cooper
PoStttCn: Vice President - Purchasing Div"sion
'la;�z or aus� ness: Economi��s l_abor•ator�•�i , Inc .
address of Bus�ness: Osbor-n E3uildinc
St. f'aul , MN 55102
?hone Number: 293-2608
2. Legai descript�on o` the parcel or land on which che busin ss � s '.ccaLaa
(or � s to be �OG3Lc'd for new construct�on) :
Blocks 5and 8, Fletcher' s Subdivision of Qrewster's Additi n.
Blocks 22 and 23 of !3r-ewster' s Addition
Block 5 of Ashtor�'s and Sher�bur�n ' s �ddition including vaca ed streets.
3. ?he market va�ue and assessed value of the land and other taxable prooer��
*r�m your most recent Proper*y iax Statement:
�s�imated `larket 'J,� ' u�: ����� �'���-'��'►rtly 4�ro�crty is owned b the Port
assessed Value: i,uthoi�ity and is tax exempt.
�, iotal property t3xes listed �n line 10 of the property '3 �ta�emen� *or
19�4 payabie � n 1985 : '�Note: attach a copy or your Pr perty �ax ��3te-
r�ent.
5. If you lease the land ur sp�ce tor your business. do you ay 'he proper�y
�axes'
'es X 'Jo
� ,
,v'no �ay; �he �r•�per� � �axe; � r vou �jon *�
.. ��.,rrenr n��mber �� ?mC �oyees: -.�i ' -* ��te: ?3r^-r ��e:
Thi� �_*:formatian is computerized and must e verl ied. We ill provi e w en
availabie.
� , �� - . � ��.��� �
- ' ' i. ro� construction include: � �
A. A general description of the facility or improvemen and its proposed use.
Construction of a. new building to house various Compa y operations. A computer
facility at least 20,000 square feet in size is p ann . oving a tiona
o erations such as order entry operations and marketi g services into the
building is under consideration. The project could r su t in up to ,
s uare feet of new construction.
B. A probable time schedule for un�ertaking the cons�r ction or improvement.
Construction to begin in the Spring of 1986 and be co pleted by late 1986 or
early 19II7.
C. An estimate of the probable cost of new constructio or improvement.
$2,500,000 for a 20,000 square foot facility. This is based on internal
estimates. Architect and engineering reports are pe ding.
0. An estimate of the market value of the new or impro ed faciiity (excluding
land) when completed.
$2,500,000 See C above
E. The number of new jobs expected to be created or j s to be maintained: 217 i
City of St. Paul.
8. State the type and amount of enterqrise .zone incentives requested and briefly
explain why Lhey are necessary to the proje:t: �
The incentiv was essential to
offset relocation costs for moving the Institutional ni ision from White
P1d111S, New York, t0 $t. PdUI �nd for consolidating Inst"tutional support opera-
tions in St. Paul. Without these incentives, the move a d consolidation would
not have occurred.
I hereby declare a�d certify that this application is true nd carrect to the
best of my knowledge and belief. �
ECONOMICS LABORATORY, INC.
�� � -��__ ��� drLLI� Febr r 1 6
/ Signature of Applicant ate
W. K. Cooper
Vice President - Purchasing Division
Position or Title
Remember to attach the follow�ng:
1 . A copy of your property tax statement for taxes Qa able in 1985�
2. A check for 51500. payable to the Port Authority f the
C�ty c` Saint Paui �
' - rA�i���t 'ttet'S i.Vr� �' ` "—� STATEM NT OF PRO TY TA
� , RETAIN THIS COPV � �� ��'3 L�(.�
. . Foa ro ua Re c oA O S ' PAYABLE IN RAMSEY COUN Y, Mif�
PPOPERTV iDENT+FiCATiO'v SCHOOL �OAN
""' 1984 P 1985 VALUE INFORMATION
D�ST P�qT PARCEL s�� D�ST. COMP. —
i NEW IMPROVEME TS.......................
I�� 1 Q50� 161 O9 b2S ESTIMATED MAR ET VALUE......... 9 f8 ZZ1 SO
`--- — ---
NAME OF TAXPAV ER I ASSESSED VALUE ................. (�f 21�/ 67
� DELINQUEN TAX �
'ECONOMICS LABORATORY '
�!3 7 0 W A g A$H A $T N/�$B 0 R N B�G �f this box is cnecke , you owe dei�nouent taxes and mav
not app�y for the pr erty tax refund. �
ST PAUL MINN 55102 ARE YO EUGIBLE FOR A REFUND?
To fin out if you're eligible
PROPERTV ADDRESS for on or both of these refunds . . .
The Min esota Property Tax Refund
� and
�O " ' �. �, 9 5TH ST E The Spe 'al Property Tax Refund
PROPERTV OWNEFi , . , fIII OUt ORM M•1PR using these amounts:
1. Fill in this a ount on line 10
HADDINGTON ASSOCIATES anda�soon �i e24,schedule3 ,p
2. Fill in this a ount on line 12
. and also on li e 25,schedule 3 �p
Neetl a FOAM M 1PR� Read the back o< <h�s!orm
V UF iTEMiZED STATEMEtiT
3� STATE �SEE OV ......._. ....__.. � Q
SPECIAL ASSESSMENTS 4. COUNTY.............. ... . le) 226• 3
_....
NAME NO. AMOUNT 5. TOWNSHIP OR CI V....... ...... ..._ 2O1 l�87� 7
6. SCMOOL DISTRI ..._....._........... 32) L22. 3�
STR MAINT 0032 348.60 7. OTHERTAXING �sTR�cTS ..._. 420� 59b. 1:
TN SO OP 0050 1s021.48 B. TAXBEFORECR o�TS........ ...... 491�432. 5�
9. CREDITS WMICH RE UCE YOUR TAX..
10. TAX AFTER CR ��TS ................. 491� 432�5;
11. SPECIAL ASSES ENTS ............
� A. PRINGPAL .... ............. ...._...._ 1 f 37O�O�
8. WTEREST...... ........._...,......_.. ��'.
• TOTAL-SEE ITEM 11 12,TOTAL TAX
1, 3T0.08 492s802.b�
� �,—.,�—��s�
'�AXPAYER'S COPY C/D-5 STATEMENT F PROPERTY TAX
RETAIN THIS COPY n
FOR YOUR RECOROS PAYABLE IN 1 78 RAMSEY COUNTY, MINN.
c�`,cE�+?• D"t'T F :.�='��,'� I w, SCHOOL LOAN 1984 PAY 198 VALUE INFORMATION
�- -?-------� swo pIST COMP
T D� ..� PAR.,__
_. _ . , I
Ir'04' -- T , NEW IMPROVEMENTS .... ............... . �
, �_~� ,
� !1950� 131 I 091 625 ESTIMATED MARKET V �uE......... 1� 245s 600
NAME OF TAXPAYER ASSESSED VALUE .......... .................. S35f bO8
ECONOMICS LABORATORY INC DELINQUENT T X D i
If this box is checked,You we delinquent taxes and may i
3 7 0 W A B A$H A S T �ot epply for the property x ref und. �
S T P AUL M I NN 55101 ARE YOU ELI IBLE FOR A REFUND?
To find out you're eligible
for one or b th of these refunds . . .
PROPERTV AODRESS
L The Minnesot Property Tax Refund
and
I9 5�H 5 T The Special Pr perty Tax Refund
PROPERTV owrvEa . . . fiil out FORM M•1PR using these amounts:
1. Fill in this amount on line 10
ECONOMICS LABORATORY INC andalsoonline24, chedule3 . 00 '
J 370 WABASHA ST 2. Fili inthisamounton line 12 �
ST PAUI MINN 55101 andalsoonline25,schedule3 .00 I
Need a FORM M 1PR? Read the back of this form.
YOUR I M12ED STATEMENT j
3. STATE •SEE OVER .... ...._....__ • OO ;
SPECIAL ASSESSMENTS 4. COUNTV ....................... ...__.. ...... 2) 316�Z3 j
. NAME NO. AMOUNT 5. TOWNSHIP OR CITY..._ ...._......,.. 2 f 6O3�61 I
6. SCHOOL DISTRICT...... ................ �►! O82 �13 �
ST R MA I NT 0032 468.30 7. OTHER TAXING DIST �cTS _. 53�450. 11 �
TN S Q �P �5� ls 758• 36 8. TAX BEFOAE CREDIT
62s 452.08 i
9. CREDITS WHICH REDUCE OUR TAX_
i
10. TAX AFTER CREDITS ................. bZ!4 5Z�08 '.
11. SPECIAL ASSESSMEN S ............. �
A. PRINCIPAL............ ................. Z! 226:66 i
8. INTEREST.............. ................ •OO
I
TOTAL•SEE �TEM 11 12.TOTAL TAX
2, 226.66 64,b18.74 (
- . '. �� -�� �
_ , ; . . _.
;�
, .
�AXPAYER'S COPY � ��-5 STATEMENT 0 PROPERTY TAX
RETAIN THIS COPY 1985
FOR YOUR RECORDS PAYABLE IN RAMSEY COUNTY, MINN.
PROPERTV iDENTIFICATIOn wrwSCHOOL LOAN 1984PAY 1985 AIUE INFORMATION
DiST PLAT PARCEL
s�o O�ST. COMP.
NEW IMPROVEMENTS ....... ..............
O4 19500 OlO ZO b2S ESTIMATED MARKET VAL E.......... Zf iOOf OOO �
NAME OF TAXPAVER ASSESSED VALUE ............. ............... 9O3! OOO
DELINQUENT TA i
E C ON 0 M I C S L A B 0 R A T 0 R Y I N C 1f this box is checked,vou o delinquent taxes and may !
3 7� W A B A$H A s T �ot appiy for the proQerty ta refund.
�ST PAUL MN 55101 , ARE YOU ELIG BLE FOR A REFUN�? i
�I
To find out if ou're eligible '
for one or bot of these refunds . . .
PROPERTY ADORESS I The Minnesota roperty Tax Refund �
nd '
7 � � 36 0 w A B A S H A $T N � The Special Pro erty Tax Refund '
' PROPEFiTV OWNER , , , fIII OUL FORM �-1PR using these amounts: ;
� 1. Fill in this amount line 10 i
ECONOMICS LABORA�ORY INC andalsooniine24,s hedule3 .00 i
370 MABASHA ST 2. Fill in thisamount line 12
ST PAUL MN 55101 andalsoonline25,s hedule3 .00 ';
Need a FORM M 1PR? ead the back of this form
YOUR ITE 12E0 STATEMENT
3. STATE •SEE OVER ........ .........._ •00 I
SPECIAI. ASSESSMENTS 4. COUNTV.................. ....... ._.......... ZO 1 ql l�9� I
NAME NO. AMOUNT 5. TOWNSHIP OR CITY....., ..,........_ Z3f 5O6• 56 �
6. SCHOOL DISTRICT._...... ..__...... 36f 8 S 5� 3 8 �
i
STR MAINT �32 51�• 3� 7. OTHERTAXINGDISTRI rs .... 24s016�2a I
TN S 0 OP 050 653 .14 8. TAX BEFORE CFiEDITS . 1 OS1 290. 12 i
9. CREDITS WH�CH REDUCE UR TAX
�
10. TAX AFTER CREDITS . ............... I OS)29O• 1 Z
11. SPECIAL ASSESSMENT ............
A. PRINC�PAL ............... ............... 1 f 16�• 4�f
B. INTEREST................. .............. •OO
TOTAI-SEE ITEM 11 12.TOTAL TAX �6s y 53��b
1 163.44
, �� - ��y�
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�; PORT AUTHORITY OF THE CITY OF SAINT PAUL OLL FREE(800) 328-8417
25 WEST FOURTH STREET • SUITE 1305 • ST. PAUL, MINN. 55102 • HONE (612) 224-5686
April 2, 1986
Mr. James Bellus, Director
Planning & Economic Development Depart�nent
City of Saint Paul
14th Floor City Hall Annex
St. Paul, Minnesota 55102
SUR7ECT: �TTERPRISE ZONE CREDITS
ECONOMICS LABORA'IL7RY, INC.
Dear Jim:
Attached are five copies bf the Participation Agreement fo Economics
Laboratory, Inc. for your review. Approval of the use of terprise Zone
credits and authorization to execute the Participation Agre nt was
granted by the City Council on March 20, 1986, by Resoluti No. 86-344.
We are, therefore, requesting that you transmit the attach agreements to
the Mayor, City Clerk and Director of Finance and Manageme Services for
execution. Please return all the a reements to the P�rt Au orit so they
may be submitted to the Commissioner of Energy and Economic Development and
the Comnissioner of Revenue for their signature. Each depa trnent will be
provided with a copy of the document when fully executed.
Your expeditious handling of this matter will be appreciate .
,-..Yours truly,
,
'\��,�[\ � y� � �..�..�_ �� `�'� ��\' ``J•..1��L� �l i
���.].C..�"'l. �'L... � `�
� �gene 1�. Kraut
Executive Vice esident
EAK:ca
Attach.
cc. Mayor Latimer
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EUGENE A KRAUT,C.I.D. DONALD G.DUNSHEE,C.I.D. CHARLES M.TOWLE CUFFOR E.RAMSTED PERRY K.FEDERS
EXECUTNE VICE PRESIDENT ASST.EXEC.VICE PRESIDENT DIRECTOR OF INOUSTRIAI DEVELOPMENT CHIE ENGINEER DIRECTOR OF FINANCE
C.E.O.
RICHARD A.GIERDAL WILLIAM E.McGNERN
PROPERN MANAGER DIRECTOR Of PUBLIC RELATIONS
COMMISSIONERS GEORGE W.WINTER WILLIAM WILSON ARTHUR N.GOODMAN VICTOR P.REIM RAYMOND E. GEVIN CHRIS NICOSIA JEAN M.WE:
PRESIDENT VICE PRESIDENT SECREfoRY TRE4SURER COMMISSIO R COMMISSIONER COMMISSIONE
C.I.D. Certified Industrial Developer
. ��_ �� -..3��
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r` PORT AUTHORITY OF TNE CITY OF SAINT PAUL OLL FREE(800) 328-8417
,..�
25 WEST FOURTH STREET • SUITE 1305 • ST. PAUL, MINN. 55102 • HONE (612) 224-5686
May 10, 19�86
Mr. James Bellus, Director
Planning & Econamic Developm�nt Department
City of St. Paul
14th Floor City Hall Annex
St. Paul, Minnesota 55102
SUBTF7CT: IIVTII2PRISE ZONE CRIDITS
ECONOMICS LABORAZORY, INC.
Dear Jim:
We su�mit herewith for your review and referral to the off ce of the Mayor,
City Council and City Attorney's Office details pertaining to the issuance
of Enterprise Zone Credits to Econanics Laboratory, Inc. e credits will
be in the fo�n of a 50$ reduction in local real estate tax s for five years
estimated at $45,000 and $400,000 to $596,700 in State in tax credits
for debt financing costs. The dollar ranges are related t a 20,000 square
foot building for a minina.ua $400,000 and $4.90 for each a itional square
foot to a maxinaun of $596,700 or a 53,200 square foot faci ity.
Zhe facility will be bui.lt in the F�npire Builder Industria park and will
house the InfoYmation Services Division. This develop�nent will allow the
ccxnpany to move the Institutional Sales Division fran Whit Plains, New
York to its downtown headquarters. Econo�nics Laboratory i anticipating
the creation and retention of 217 jobs within tw�o years an up to 350 jobs
within five years.
In addition to the staff report, w�e are attachirig a draft y of the
praposed City Council resolution which authorizes the ex tion of the
Participation Agre�nent and the su�mittal of the proposal the Departrnent
of Energy and Econo�nic Develognent and the Departznent of venue.
Your expedi�iaus handling of this matter will be appreciat .
Yours truly,
Etizgen A. Rrau
EAK:ca Executive Vice sident
Attach.
cc. Mayor Latimer
EUGENE A KRAUT,C.I.D. DONALD G.DUNSHEE.C.I.D. CHARLES M.TOWLE CLIFFOR E.RAMSTED PERRY K FEDERS
EXECUINE VICE PRESIDENT ASSC E%EC.VICE PRESIDEM DIRECTOR OF INDUSTRtAL DEVELOPMEM CH�E ENGINEER DIRECTOR OF FlNANCE
C.EO.
RICHARD A GIERDAL WILLIAM E McGNERN
PROPERIV MANhGER qRCCfOR OF PUBLIC RHAiIONS
COMMISSIONERS GEORGE W.WINiER WIWAM WILSON ARiHUR N.C-,OODMAN VICiOR P.REIM RAYMOND E. EVIN CHRIS NICOSIA JEAN M.WES'
PRE�Vf VK�PRESIDEH� �CRETAI7V iREAS1RER COMMISSIO COMAMSS� COA�MMSSIONE�
C.I.D.C'_artifled Industrial Develoner
Y � ' � � � � � - 3�y
1/30/86
STAFF REPORT
RE: �NOMICS LABORAZ�DRY, INC. .
II�l'lERPRISE 7JONE APPLICATION
A. Pi�P06F.D PROPERZ'Y '
ECCrtCmics Iabor'dtory� Inc.. Pro�oses that appr0ocimately 258�000 square
feet of ].and be reclassified as esn�loyment property h the City's
Riverfront Enterprise Zone Program. The Praperty will be leased fran
the Port Authority of the City of Saint Paul and is 1 ted in the
II�ire Builder Industrial Park. The praperty is ident fied by the
Ramsey County Tax Department through i-he property iden ification ninc�er
09-12000-190-05. The property description is as foll :
8locks 5 and 8, Fletcher's Subdivision of Hrswster's ition.
Slodcs 22 and 23 of Brewster's Additian.
B1ock 5 of Ashton's and Sherburn's Addition
Inclwdir�g vacated streets.
�is praperty was forn�erly awned by the Burlington No ern as part of
its Jackson Street Shops coa�lex.
B. IMPF�'JVFl�lF�1TS AND PI�DPOSID USE
Econanics Laboratory Inc. will construct a 20,000 fvot bui.lding
that will l�use the information services cc�uter cent r. Estimated
oost for the ne�w facility is $2,500,000. This is p one of an
anticipated three-phase devel�nt which could total ver 90,000
square feet of new� construction.
Cf S1gA/� ii`Rd�Gl7�7r'�� `7lSRL�1 VL7L/�/G
The market value wil].. increase_ by riearly the total t of the
improvements plus the land value as the PrapertY was ' imally assessed
as. vacant, wnderdeveloped land.
D. RETAII�IID AND NEW JOBS
The 17 jobs currently in place at the couQuter infornia ion service
center would have been lost without an acceptable de opnent package
being presented to the ca�any. In addition, Econcmic Laboratory,
Inc. expects to increase its overall e�loyment in City of Saint
Paul by nnre than 100 positions in each of the next years and by
350 within five years. Phase I construction of the ' oanation service
.
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v�ter wi11 initiallY e�nploY 2]- P�Pie« �he cx.�pany entered into a
City of SG Paul F.imployment an�d Trainin�g Participation .�gree�nent and
anticipates recruiting fran the local neighborhood as ch as possi.ble.
E. DRAFT PA1rLTCIPATICr1 AL�EII�F�1T
A� dra£t Pa�ticfpatiat Ags�rent has beelt c�egcttiabe� �i the follawir�g.
tas be�efitss
� �Y� '
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�'�"� �� � � t�—�� s� .zsa s 4s,000:
� stat� �t �na�c� cr�a�t sz ,000 s400,o00
Altea�ative Iocal contribution ig $283.386 base� on $4 ,231 per acre of
�brt Authority site i.n�r�av�ements. This contribution had previous
approval fram ttle Dgpartment o� Energy and Ecor�ic De ].c�pment.
�is rep�ts � p=ivat�to-public rati o of a�ooci.�. ly $5.62 i.ur
privst+� inves�rent pet $I.public ta�c �rr or .. It also
ra�t�one ne� jcitr per SII,52L of tax cs�edits or .
F'. � � �
T!��c LabozatiorY'p In�. appsicatf ocr.prcposes of. 21? new�
�ob�,. r� of � woutcF b�a� transfer frc� aaothat�
nn�;�T�tY� �e� applicatic�r. fc�ther pzcposes establi t of arz
�P�t P�PertY classificati� of ar: estimated mark t value of
$2,250,OOQ which i.s .00034 0� the market value of a].Y le prvperty
in� Sain� Pau1.� � proposal will not result in th� t or
de�olitiaT of other prc�erty owned by� the applicant in int Paul
causing redu�e� of the assessed va�lue of existi.ryg p rtY withia the
Citg►
G� .
�nr sta� o£ t�er Po�t Authorttg� o� th+�C�tg of� Safnt racomaendg
t3�Cft� Catuycftl.� tl�en�Iaym�t pzvpe�ty� ific�t��,
�bg �Labcrat�orgr',. Ii�.. Staf�� the�
C'ftg�Conac�I. �Q�aove��t�ee�P�pat� t a� d=afted-
� f.o�At#�ecl�nt C oL tt��aem�t ta� t3� of Energy
anc� �c D�T�opms�n�
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NOTICE OF PUBLIC HEARING ON APPLICATION
FOR RECLASSIFICATION OF P'ROPERTY FOR TAX
FURPOSES UNDER THE ENTERPRISE ZONE PROGRAM
Pursuant to Minnesota Statutes 1984, Section 273.1313 Subdivision 2(b)
and to provision of the Program For City of Saint P ul Riverfront
Enterprise Zone NOTICE IS HEREBY GIVII�T 'II�AT A P[JBLIC will be held
before the Co�ncil of the City of Saint Paul i.n the Counci Chambers, third
floor City Hall, 15 West Kellogg Boulevard, Saint Pau , Minnesota on
Thursday, the 6th day of March, 1986, at 10:00 a.m., or a soon thereafter
as the matter may be heard, upon the Application of Econ ics Laboratory,
Inc. , Osborn Building, Saint Paul, Minnesota for rec assification of
certain real property located in the Saint Paul Riverfront Enterprise Zone,
Ramsey County, Minnesota, as employment praperty and for a sessment of said
property as provided for class 4d property in Minnesot Statutes 1984,
Section 273.13 Subdivision 9, Paragraph (4) for taxes 1 vied in 1986 and
for four succeedirig years thereafter.
AT SAID PUBLIC HEARING the City Council will con ider whether to •
approve the said Application upon findings as requi ed by Minnesota
Statutes 1984, Section 273.1313 Subdivision 2(d) . At s id hearing, the
Applicant, the Ramsey County Assessor, representatives o affected taxing
authorities and any taxpayer of the municipality or repre ntative of any
community organization will have opportunity to be he or may present
� their views� in writing at or before the Hearing. �
Copies of the Application, the report of the Saint Paul Riverfront
Office and the proposed Participation Agreement between e Applicant and
the City may be inspected at the offices of the City C erk or the Port
Authority of the City of Saint Paul during normal bus'ness hours, and
written ca�rents may be delivered or mailed c% City Cler , �oom 386, City
Hall , 15 West Kellogg Boulevard, Saint Paul, MN 55 02, or c/o Port
Authority of the City of Saint Paul, 25 West Fourth Str et, Suite 1305,
Saint Paul, NIDI 55102. Telephone inquiries may be made to John Ca�obasso,
224-5686. �
ALBER'T B. OL90N, City Clerk
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r �_� 'N(1'�iCS OF� - . >. - :�� �-.�,'�� _ - ,
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� � ..:;7fi .. . �17�XJ������' `yR-,z�' r.'�
.., .. ..z4',e .,. . ..,.., �'�-'-i ' ° . . .
.i ���Y:I�!��$hsraFY�1�A'�l�.4tst�i;��v'y�,+u+ _ �� .�I
p � af tlXe�p �'pr-{�y.a�Saiat PeuT Rivertront En �
IY�CE I�HEREBY GiVEI�i�'PF�#'F;.1��PUBLIC-I�ARIN�:�ri�t�. befare
the Council of the Cf#�r.af 3aiut Paul ia-the Council Chambers;�th� Ci�y
F�a11.18 West Kellct�Bc�levard.�afnt Paul,�dinnesota o�i- 8thrdst
o�March, 188B� 19��a. ..or.as soon therPatter as th��etiter
uPon��pp'Iics���oaomics-Labontor�*��I�c�; f�s�vr�n ' ,��t �
Pgui.�ta for r�lassificatiGn o#certain`��=��fy��'!�ifir- � ,,
1�u1 1�verf�t�►t�se ZQne, iiaa�m�eY �o�n'tY; ; as;.
�� ;
T�'6P�3�`►d ior�asaeastinent o!sai� Y .� � ���� �t, ,i
ll�in�esota SE�a'Ett�es 1$8�, Sectioii 27�.����c�p�Q�i�rag�aA�-.�+t� :�
leiried in 1986 at��l far fdh�r'" _
. su�oeed3ti�:y�ara.���tett�. .. , • : , - t
�:`A'E SA�D PjIBIdC HF�ARIA�Cr tbe City�Pd�-�I ��1lSfde! ri �O i
�psawe th�_�dd Agplic�tion npon fi�diags�±s'requi�ed��lftiu�ota �
'1984, Sectioa 273,1313 Subdfvisiot► 2Ed). At's�i�i� �tg;-�te,� ;� ;
R�sey County Assesa�r.rep�ta�ives oi y{f�;�e�cin8 authorities y�
taxpager'of#1�-mu�iMpa2ity ot dr� . C�un�"`t�
w'iii l�tve-t�ppc�iCm��'!+o be� .f�Y p����y.i�s�n�t �1��.
be�or�the Hearing: _ _ . ,. ` .,�,� _ ..7�;,�
Copies of the Applicat.�on..the report oi the S�t:Fattl�ilver�rir�t � �.
the proposed Participation Agreement betweea tfie Applicant a� a
�_•:
be inspected at the o#fices oi the City Clerk or the Port Authority o� Cifijrei ..
Sai3it'Pa�iI `during norriisl business hoursr�d�AV�i�. cox�u�arta � �� be �•
de3f�►'g� or_m�iled e/o City CIerk, R,�rn .�City Hall, 15 �Pest
Bop.f�ra�id,Saint�atil,MN 55102,or clo Part Author;i�y of tt:eCity of ' t Paul, ,.
25 West Fourth Street,Suite 1305,�3�-Pau1.�MI�r 55102.Telephone inqui �t m�ty '
be ma�to John Campolias�0.�2 _ _ ..
ALBE�tT B.OL�ON,-City�erk� � � �� �� � � �� -
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(F�bivary i, 1� - �
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WHITE - CITV GLERK
PINK -oFINANCE GITY OF SAINT PAUL Cou cil e �J�/r�
C'ANARY - DEPARTMENT File NO. �S `�'^ "
BLUE - MAVOR
, . Co il Resolution
�
Presented By
Referred To Committee: Dat
Out of Committee By Dat
RESOLUTION APPROVING APPLICATION OF
KODIAK CORFORATION FOR CLASSIFICATION
OF PROPERTY LOCATED IN THE SAINT PAUL
RIVERFROI�TT ENTERPRISE ZONE AS CLASS 4d
F.NIPIAYMENT PROPERTY
WHEREAS, D.K. Conners Ltd. filed with the City Clerk an Appli ation for
classification of $3,010,000 in improvements to existing property ocated on Blair Avenue
in the II�ire Builder Industrial Park as anployment Property pursu nt to Minnesota
Statutes Section 273.1313 and the Saint Paul Riverfront Enterprise Zone Program (the
"Program"); and
WHEREAS, Kodiak Corporation (the "Company") will lease approx tely 30,000 square
feet of space from D.K. Conners Ltd. to conduct the manufacturing f fine quality rolled
fiberglass and graphite recreational and industrial products; and
WHEREAS, the property irnprovements, tax classification, and S te tax credits as set
forth in detail in the January 30, 1986, Staff Report will result n the creation of 30
new jobs in Saint Paul by the relocation and expansion of Kodiak C rporation; and
WI�REAS, there has been presented to and considered at this eting a Participation
Agreement between the City and the Ccxrq�any whereby the Company cov nants respecting the
occupancy of the property, and the ernployment of a minimum of 15 n w employees resident in
the econamic hardship area designated in the Program or who are u mployed and
econamically disadvantaged or of a protected class; and
WHEREAS, the Port Authority of the City of Saint Paul has rec ived authorization frcan
the Department of Energy and Economic Development to utilize an al ernative local
contribution of infrastructure i�rovements in lieu of local prope ty tax reduction; and
WHEREAS, the City Clerk duly published on February 4, 1986, i the Saint Paul Legal
Ledger, the official newspaper for the City a notice of public hea ing before the City
Council upon the Campany's Application; and
COUNCILMEN Requested by Depa tment of
Yeas Nays �
l In Favor
� __ Against BY —
MAR 2 0 1g�6 Form Appro d by City Atto ey
Adopted by Council: Date
Certified assed by Council Se retar B
B}� �"_'_''�--� ' �
t�pproved by IVlavor: Date _ Approved Mayor Su i si to Council
,
By _
N�HITE - CITV CLERK
PINK - FINANCE COU II
C�NARV �DEPARTMENT GITY OF SAINT PAIT�L File NO. �� -� �
BLUE - MAVOR
Council Resolution
Presented By
Referred To Committee: Dat
Out of Committee By Dat
WHEREAS, the District 6 Planning Council on February 4, 1986, eviewed and
recoarrtt�ended approval of the Application; and
WEIEREAS, the Tho�nas/Dale District 7 Planning Council on Februa 12, 1986, reviewed
and reco�enended approval of the Application; and
WHEREAS, the F�npire Builder Industrial Park Job Coalition has en kept informed of
the use of Enterprise Zone credits for this project with the most r ent update on
February 27, 1986; and
WHEREA.S, the City Council conducted a public hearing on March , 1986, upon the
Application at which hearing opportunity was provided for the Appli nt, the County
Assessor, representatives of affected t�ing authorities and any t yer of the City or
member of the public to present their views orally or in writing at r before the hearing,
and having duly considered the testimony and written views presente at the hearing and
the Application, staff report, draft Participation Agreement and Re lution dated
February 27, 1986, of the Downtown Riverfront Comnission recoimlendi approval of the
Application; now therefore, be it
RESOLVED by the Council of the City of Saint Paul that it here determines that the
Application of D.K. Conners, Ltd., the property im�rovements, retai d and new jobs and
tax benefits proposed meet the objectives of the Saint Paul .Riverfr t Enterprise Zone
Program.
RESOLVED FURTHER that the City Council additionally finds and termines that the
relocation and expansion of the C�npany: (1) will create new emplo nt in the City; (2)
will not have the effect of transferring existing employment fram o or more other cities
within Minnesota; (3) is not reasonably likely to result in an inc ase in market value
beyond the improvements made by D.K. Conners Ltd. and those improve nts are less than
.00034$ of the market value of all taxable property in Saint Paul; a d (4) will not result
in the reduction of the assessed value of existing property within t e City owned by
Applicant.
- 2 -
COUNC[LMEN Requested by Department of:
Yeas Nays
In Favor
_ __ Against BY
Form Approved by City Attor ey
Adopted by Council: Date
Certified Passed by Council Secretary BY
By
lapproved by ;Vlavor: Date _ Approved by Mayor for Submi sion to Council
By _ _ By
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PORT AUTHORITY OF THE CIN OF SAINT PAUL LL FREE(800) 328-8417
1900 AMHOIST TOWER • 345 ST. PETER STREET • ST. P�AUL, MN. 55102 � PHONE(612)224-5686
August 5, 1986 '�
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Mr. Albert B. Olson ; r? o
City Clerk �,.r
City Clerk's Office . - �
386 City Hall �:-i ', �M�
St. Paul, Minnesota 55102 �''
SUBJECT: EI�TI'ERPRISE ZONE CREDITS I
ECONOMICS LABORATORY, INC.
Dear Mr. Olson:
Enclosed is the fully executed Participation Agreeqnen for the
Economics Laboratory, Inc. project for your files.
Sincerely,
1
, L i ..
I �
' ohn A. Camp� sso
Develognent As istant
JAC:ca
Encl. �
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EUGENE A.KRAUT,C.I.D. DONALD G.DUNSHEE,C.I.D. CHARLES M.TOWLE CLIFFORD E. MSTED,P.E. PERRY K.FEDERS,C.P.A
EXECUTIVE VICE PRESIDENT ASST.EXEC.VICE PRESIDENT DIRECTOR OF INDUSTRIAL DEVELOPMENT CHIEF EN INEER DIRECTOR OF FINANCE
ASST.TREASURER
RICHARD A GIERDAL WILLIAM E.McGIVERN
PROPERN MANAGER DIRECTOR OF PUBLIC RELATIONS
COMMISSIONERS GEORGE W.WINTER WILLIAM WILSON ARTHUR N.GOODMAN VICTOR P.REIM RAYMOND E.tAN IN CHRIS NICOSIA JEAN M.WEST
PRESIDENT VICE PRESIDENT SECRETARV TREASURER COMMISSIONER, COMMISSIONER COMMISSIONER
C.I.D.Certified Industrial Developer I
• �. °��� �� ` � �(� -��y
. PARTICZFATION AGBE�HT
RIVEBF80NT EHTEBPBISE ZO1�B
CITY OF SAIZ1? PAIIL
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Preaable
1. Participating Business: 2. Application Appr val
Economics Laboratory, Inc,
Name Date March 2 , 1986
Osborn BuildinQ
Address C.F. No. 86-34
St. Paul . MN 55102 City Cou cii
Employment Prope ty Classification
Effective For As essment
Years 19 86 th 19 �_
Employment Prope tq Classification
Certification bq Commissioner
Department of Re enue dated _
July 29, 19 6
(Attachme t C)
3. (Persons)(Officers) Authorized to Sign for Participating Bus ness:
Piichael E. Shannon
Name Name
Executive Vice President and Chief
Financial and Administrative Officer
Title Title
,7 n
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Signature Signature
4. Person Authorized to Receive Communications for Participatin Business:
1) Jon R. Grunseth
Name Is Authorized to Re eive Co�unications
From the City or St te on Behalf of
Vice President - Public Affairs the Participating B siness.
Title
Economics Laboratory, Iric., Osborn Bld�. 2) Robert H. Hain '
St. Paul, MN 55102 Director, Prope ty and Adain. Services
Address Economics Labor tory, Inc.
Osborn Bldg. , S . Paul, I�� 55102
(612) 293-2514 � (612) 293-229�
Telephone
3) S. Lars Olson
Vice President nd Treasurer
Economics Labor tory, Inc.
Osborn Bldg. , S . Paul, MN 55102
(612) 293-2323
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5. Description of Property to Receive "Employment Propertq"
Cla�sification (Use Description From Ramsey County Departme t Space for Use of
of Taxation, 126 Citq FIall and County Courthouse): Ramsey County
Dept. of Taxation
PIN
Classification
Entered:
Date:
Block 5 and 8, Fletcher's Subdivision of Brewster' s Addit on.
Blocks 22 and 23 of Brewster' s Addition.
Block 5 of Ashton's and Sherburn's Addition '
Includin vacated streets.
(Use Reverse Side of This Page If Necessar )
6. Alternative Local Contribution: Yes X No
Description In addition to reclassification, the Port Auth rity of the
City of Saint Paul will not be assessing for improvements to the site.
Estimated alternative local contribution--$283,386 based n $47,231/acre
7. Types of State Tax Reduction:
(a) Sales Tax Exemption Amount
(b) Income Tax Credit
(1) Employee Credit Amount
0,0 0 or t e irst 20,000 sq.ft
(2) Debt Service Credit X Amount of new bl . lus $4.90 for each
a . sq. t. o�construction to
(c) State Paid Property Tax Credit Amount d mdximum of $596,700.
The t�pe and amount of exemption and credits shall be those as certified by the
Co�issioner of Energy and Economic Development. If there s variance between
this section and the Commissioner's Certification, the latt r will control
(Attachment C).
Subject to compliance with this Ag�eement, to the provision of Minnesota
Statutes 1984, Section 273.1312 to 273.1314 inclusive, and uch regulations as
may be adopted by the Department of Revenue or of Energy an Economic Development
(the "Act"), and upon filing proper 'tax returns and schedul s, the participating
businese is eligib?e for credite as approgriate against Min esota iaco�e *_aY a^d
property tax liabilities for the tax years 19 86 through 19 90 .
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8. COVENANTS BY PARTICIPATING BUSINESS:
In making application for enterprise zone credits, the par cipating business
has represented and hereby covenants, for itself and its s ccessors or assigns,
� (the "Participating Business"): _
(a) that (it) �Cxx�[!c$ will submit construction plans and e dence of financing
and will commence, diligently pursue and timely comple e improvements to the
property described in Section 5 above in the dollar a nt and as specified
in the "Property Iaprovement Schedule" annexed hereto e Attachment "A".
Commencement Date Jul 1986
Completion Date March-Au ust 1987
Amaunt 52�500,000 (estinate)
(b) that (it) (���� will recruft, employ and train new e loqees resident in
the economic hardship area designated in the Riverfron Enterprise Zone
Program, or persons who are unemployed and economicall disadvantaged or of
a protected class in accordance with the provisions of the "EMPLOYMENT AND
TRAINING SCFiEDULE" anneaed hereto as Attachment "B", a d that the minimum -
number of new employees ahall be as follows:
Number of New Employees 217 InCludin DOwntown GrOwth ositions retained and
employees relocated from White lains, PJew York.
(c) that (it) �Cxxxbu) will maintain complete records respe ting its performance
of the covenants set forth in Section 8(a) and (b) her in, and permit access
to said records by accredited representatives of the M nnesota Co�issioner
of Revenue, Ramseq County Tax Department and Saint Pau Port Authority; that
(it) �CXx�iX will report quarterly to the Division of ob Creation and
Training the number of hires covered by this Agreement and that upon
request and at least annually (it) (xxx�q will report to the Saint Paul
, Port Authoritq on forms provided by the Saint Paul Por 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) (cxxxK��C will promptlq and satisfactorily per orm each covenant
herein undertaken and each.other requirement of the Ac , the Program or of
this Agreement impoaed as a condition of the approval f the application for
and grants of taa credits and designation of property lassification.
9. REVOCATION
The Council may revoke an alternative local c�ntribution a d may request the
Commissioner of Revenue to approve the revocation of a cla sification pursuant
to the Act if it finds and determines by resolution, after hearing upon notice
mailed to the applicant by t�rtified mail at least 60 days before the hearing,
that
(a) The construction_or improvement of the Participating B siness' propertq and
operating facility has aot been completed within two y ars after the
approval of the clasaification, or anp longer period a mav be provi�ed in
� Section 8(a) hereof; -'
� � . : � �� � � � -��
(b) The Participating Business has not proceeded in good fa th with the
construction or improvement of the facilitq, or with it 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 _
I .
(c) The Particigating Business has misrepresented a materia statement contained
in its applicatioa for tax credit has failed to perfor anp express covenant
of this Agreement os is not in contiauing compliance wi h requirements or
conditions for approval or grant of an alternative loca contribution, state
taa reductions or credits under the Act, the Program or this Agreement.
REVOCATION OF AN ALTERNATIVE LOCAL CONTRIBIITION OR OF AN LOYMENT PROPERTY
CLASSIFICATION SSALL TERMINATE STATE TAX EXEMPTIONS, CREDIT AND REDUCTIONS.
The City Council may impose or request imposition of a reme y other than
revocation, including withholding of eligibility certificat ons for credits,
exemptions or �reductions, or institution of suit for speci c performance or
other remedy in law or equity. No failure of the City to e ercise or make
selection of a particular remedy for breach of this Agreeme t by the
Participating Business shall be deemed a waiver of its rig s to enforce
performance by the Participating Business of its obligatio under the Act or
this Agreement by anq remedy available to the City in law.
10. RECAPTURE
In the event the Participating Business ceases to operate ts facility in the
Riverfront Enterprise Zone within two years after the expi tion of tax •
reductions under the Act and this Agreement, the Participa ng Business
covenants and agrees that it shall repay the amount of tax reductions and of the
local contribution pursuant to the following schedule:
Teraination of Operations Repaysent 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 immedia[elq due upon such cessation of operation of its
zone facilitq, payable to the State of Minnesota to the ex ent it represents an
income tax credit or reduction and payable to the City to he extent it
represents a propertq tax reduction or other local contrib tion.
11. OTHER TERMS
� . . �� G�r=�-.��
12. EFFECTIVE DATE
This Agreement has been accepted and executed on behalf of the Participating
Business by the officers whose tttles and signatures appea in Section 3, above
The Application and Agree�ent have tsee� aggroved by �ction of the Saint Paul
City Council as recited in Section 2 above, and is execute on behalf of the
Citq of Saint Paul bq the officers whose titles and signat res appear below.
This Agreement shall be effectfve upon its execution in Se tion 2 above and its
delivery to the City of Saint Paul by the Minnesota Commis ioner of Revenue or
his authorized designee.
CI1R OF SAI P
` - nac — �f ��O
YO
By ��a�X�n� i Dat `'f� �y-''�
CITY CLERK
gy _ C Dat � ��
DIRECTOR EPARTMENT OF F ANCE & MANAG NT SERVICES •
App�ed as to Form
�i' � �--- �--�-�
Assistant City Attorney ,
/�
r%
�
PROPERTY IMPR�VEMENTS SCti�DULiE
' � �� �,lj-` �'6 -3`�
' � ATTACHMENT "A"
PARTICIPATION AGP.EEMcNT
RIVEAFRONT ENTERPRISE ZONE
ECONOMICS LABORATORY, INC.
PARTIClPAT1NG BUSiNESS
A. Faciiiiy description .
to as much as 100,000 square feet on six acres of land in t e Empire Builder
Industrial Park. The 20,000 square foot facility will hous a comp�uter •
center. Construction of the facility shall be contin ent u o satisfactor
resolution of all excavation concerns and execution o
deed or conve an e f
B. Ccnstruction Specifications(iden�iy every specificaaon or drawing, titte:date and apprcving rchitect or engineer)'
Ritter Su es Plautz Architects Ltd. have been retained as he architects
for the new buildin . The Architects have been workin with McGou h
Construction and Twin Cit Testing to determine a pro riat soil corrections
-- and structural makeup of the ��uilding. `
(copies of each drawing or specification must be supplied to the POt^t AUthOrity)
C. Construction Cost Oetail
To be provided when final sizing, specifications are known.
0. �nancing commitments(equity and mortqage financing)
Econo�►ics Laborator Inc. shall select from aaon� several f nancial institutions
� Preliminary pians may be submitted with the Application.Within �_days of approva of this Application by the
Commission�r of Ravenue. rnai canstruction plans and specifications acceptabte to the Ci will bs submitted.
ECONOMICS LABORATORY, INC.
?ART1,r,IPATING Bi1SiPlESS ..; _ o�Sai P;ul _
� - '�
���,, .' i
gy ��.c—�.�'-�/��• � B
c ae E. Shannon, Exec. Vice Presi nt & City Clerk
gy Chief Financial & Administra i By
_ . �� � �- 3��
EMPLOYMENT AND TRAINING SCHEDUL
ATTACHMENT"B"
PARTICIPATION AGREEMENT
RIVERFRONT ENTERPRISE ZONE
ECONOMICS LABORATORY. INC.
PARTICIPATING BUSINESS
I. GENERAL
A. The City desires to increase employment opportunities for City residents who are low/ loderate income or
economicaliy disadvantaged(i.e.,JTPA-eligible defined in Exhibit E)with Developer/E ployers for jobs within Saint
Paul's Riverfront Enterprise Zone.
B. Developer/Employer agrees to use the City as its primary source for recruitment,traini ,referral,and placement of
new or replacement entry level employees in accordance with the terms of this Agreem nt.
C. The City's delegate agency will be the Job Creation and Training Section in the Depart ent of Planning and Economic
Development,Saint Paul,MN 55102(Job Creation),or any other appropriate City agenc as may be designated by the
Mayor.
D. This Agreement becomes effective upon the date hereof and shall continue for five yea from the time
Employer/Developer occupies facilities in the Riverfront Enterprise Zone,unless termi ted as provided herein.
E. This Agreement shall be applicable to all DeveloperlEmployer new or replacement ent level positions for which
low/moderate income or economically disadvantaged(i.e.,JTPA-eligible)persons are r might reasonably be
available.This Agreement shall not apply to those jobs covered by existing collective b rgaining agreements or other
contracts to which the Developer/Employer is a party,where the terms of this Agreem t would cause
Developer/Employer to breach the provisions of such agreements.
II. RECRUITMENT
A. The employment positions covered by this Agreement include all Developer/Employer ob openings performed within
the Riverfront Enterprise Zone,in the classifications,titles and qualifications contained n Exhibit A.
B. The Developer/Employer will notify Job Creation of its need for new employees in cov red positions as soon as the
Developer/Employer decides to hire such employees or,if possible,fifteen(15)workin days prior to the expected
hiring dates.Notification may include the information required in Exhibit A.
C. The Developer/Employer will provide Job Creation with its best estimate of the numbe and timing of potential job
openings,through use of the form provided in Exhibit B. .
D. The Developer/Employer may notify Job Creation of all vacancies for Developer/Empl yer openings in the Riverfront
Enterprise Zone which are not covered by this Agreement.The Developer/Employer is not obligated to hire employees
from these referrals from Job Creation,however,must demonstrate a good faith effort i this regard.
E. Job openings which are filled by internal promotions from the Developer/Employer's I cal work force are not covered
by this Agreement.
III. REFERRAL
A. Job Creation will refer applicants according to the qualifications requested by Develo r/Employer.
B. If training for specific job openings has been agreed upon between the City and Devel per/Employer in a separate
agreement under paragraph V.hereof,trainee applicants will be considered qualified nly when the training is
successfully completed by applicant.
C. Developer/Employer reserves the right to make all decisions on hiring new or additior I employees,including the
qualifications of applicants,but agrees to hire for covered positions from among those persons referred by Job
Creation who meet the job descriptions and qualifications,or other persons certified a eligible.
IV. PLACEMENT
A. When Developer/Employer notifies Job Creation of job openings in covered positions prior to fitteen(15)working days
in advance ot the proposed date to hire,Job Creation will notify the Employer five(5)working days prior to the
application closing date of the number of applicants Job Creation will refer.
B. If Job Creation cannot refer the total number of qualified persons,the Developer/Employer 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 performace under this Agreement.Developer/Employer will submit
Quarterly Hiring Summaries in the torm attached as Exhibit C.
D. After the Developer/Employer 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 ciry from any liability for the actions of such
employees.
V. TRAINING
A. Job Creation and the Developer/Employer may agree in a spearate agreement to develop classroom training,
on-the-job training,pre-employment training or other training programs.The training specifications and cost for such
training shall be set forth in that Agreement.
B. The Developer/Employer will not discontinue routine on-the-job training to employees hired under this Agreement,
because of this Agreement or supplements to this Agreement.
VI. CONTROLLING LAWS AND AGREEMENTS
A. If this Agreement conflicts with or requires Developer/Employer to breach an existing collective bargaining agreement
or any other existing agreements,said agreements shall prevail.
B. Developer/Employer will provide Job Creation with written evidence that Developer/Employer has provided the
representative of any collective bargaining unit with a copy of this Agreement and has requested comments from said
unit.Developer/Employer 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 Enterprise
Zone designation.
VII. DEFINITIONS
A. Riverfront Enterprise Zone:
The area designated by the State of Minnesota as an enterprise zone as detailed in Exhibit D.
B. Covered Employees:
New or replacement entry level employees and such other employees as may be mutually agreed upon between the
parties.
ECONOMICS LABORATORY, INC. ���
PARTICIPATING BUSINESS ' of Saint Paul
° ` � Mayo�
gy BY
Mic ael E. Shannon
By
Executive Vice President n gy City Clerk
Financial and Administrative Officer
. . ATTACHMENT 6
� � EXM91T 8
ESTIMATEO HIRING SCHEDULE ��-°3`��
City of Saint Paul
pepartme�t ot Pia�ning and Economic Oevelopme�t
,Io�Geatio�and Training Section
��a�� r�n�rn;,�ICS I..�►�ORATORY INC Oate
�
Transter irom Future
,� Othe� ' knmediate New Hires
Titles locations New Hir� (No.�Date)
1) Postions Retained:
V.P. Marketing Retained (2) Re ained positions
Managers Marketing Retained (10) Re ained positions
Secretaries Retained (6) Re ained positions
2� White Plains Relocat'n Em lo ees:
Sr. VP Institutio 1 White Plains, hTl' Existing Incumbent (1) Tr nsfer July, 1986
VP Marketing White Plains, NY Existing Incumbent (1) Tr nsfer July, 1986
Mgr Graphic Comm White Plains, NY Existing Incumbent (1) Tr nsfer July, 1986 �
Mgr Support Funct' n White Plains, NY Existing Incumbent (1) Tr nsfer July, 1986
VP Pest Eliminati White Plains, A'Y Existing Incumbent (1) Tr nsfer July, 1986
Mgr Trng Material White Plains, NY Existing.Incumbent (1) Tr nsfer July, 1986
VP Distrib Sales White Plains, A'I' Existing Incumbent (1) Tr nsfer July, 1986
Director of Train' g White Plains, lvTl' Existing Incumbent (1) Tr nsfer July, 1986
Asst VP Eco-Temp/ White Plains, hTI' Existing Incumbent (1) Tr nsfer July, 1986
Fast Food
Director Mktg Co White Plains, NY Existing Incumbent (1) Tr nsfer July, 1986
3) White Plains Positi ns Onl Transferrin :
A. VP Finance (1) Ap il, 1986
VP Laundry (1) Fe ruary, 1986
VP Raburn Sales (1) De ember, 1986
VP Eco-Temp (1) De ember, 1986
VP Sales (1) De ember, 1986
Secretaries (10) Ap il - December, 1986
B. Eco-Temp Zone Coord nator (1) By September, 1986
Manager Product Inf rmation (1) By September, 1986
Supv Administrative Services (1) By September, 1986
Administrative Assi tant (1) By September, 1986
Secretaries (6) By September, 1986
C Clerical (10) By September, 1986
. ,
P,�g�,� . �11'TAC��N19�tT B
� E�q�p81T 8
ESTIMATED HIRING SCHEDULE � �D^���
City oi Saint Paul
Department of Planning and Econort�ic�evelopme�t
,fob C�eatio�and Trai�ing SeCtion
��p�� F('nNOMT('S i ARORATORY� TNC - ��
Transter irom Future
. ,� Othe� Immediate New Hires
T�� Locatio�s New Hi�es (�.a��)
4) Order Entry Grou - t. Paul:
Customer Service sistant (21) B December, 1986
5j Various New Position :
A. EcoLine Dist Liaison (1) y, 1986
B. Market Research Mana er (1) J ly, 1986
C. Eco-Temp Credit Cler s (2) J ly, 1986 _
D. Business Development Analyst (1) J ly, 1986
E. Laundry- (4) A gust, 1986
Market Manager
Sales Manager
Secretaries (2)
F. Government Bid/Admi
Manager and Secret ry (2) S ptember, 1986
G. Fast Food Business
Manager and Secre ry (2) 0 tober, 1986
H. Pool and Spa (4) D cember, 1986
Business Manager �
Sales Manager
Ana�ly s t
Secretary
I. G&A �
Maintenance Engin er Apprentice (1) N vember, 1986
General Office C1 rk (1) y, 1986
Capital Analysis nalyst (1) 0 tober, 1986
104
SALARY RANGES
Non-exempt (Cler cal) :
Secretarial $1 , 100 - 1 ,500 er month
General Cleric 1 1,000 - 1 ,300 -er month
Entry level 900 - 1:050 er month
Exempt (Manageme t/Professionals) : Composite of 2 ,100 ,000. 00
-
.
�
� . •�N� � - � � �� �-�3y�1
SALARY RANGES
NON-EXENIPT (CLERICAL):
Minimum dpoint Maximum
Entry level Grade 2 $ 860 1015 1170
Grade 3 1000 1175 1350
General Clerical ' Grade 3 1000 11175 1350
Grade !+ 1110 1335 1560
Grade 5 1250 1510 1770
Secretarial Grade 4 1110 1335 1560
Grade 5 1250 1510 1770
Grade 6 1360 1700 2040
EXIlVIPT (MANAGF.IUIENT/PROFESSIONALS):
Minimum Maximum
Vice President level $67,200 $110,300
Director & Asst. Vice President level l+g,000 100,800
Manager level 40,000 80,1�00
Supervisor/Coordinator/.Analyst level 22,$00 4g,400
. :- �,.-, �_��y
. � _ � ;�.
� :e +. . •
ATTACHMENT B
EXHIBIT C
QUARTERLY HIRING SUMMARY
For Quarter E ding:
Listed below are the positions in your firm which are covered under the Employment and Trai ng Agreement with the Ciry.
Please list the number of hires for this quarter for each category and return this form to the Jo Creation and Training
Section within thirty(30)days following the close of that quarter.
Position Title Total New Hires
1.
2.
3.
4.
5.
6.
7.
8.
I certify that the above information is true and accurate.
Authorized Signature
Title
Date
Please return this form to:
Job Creation and Training Section
Department of Planning and Economic Development
25 West Fourth Street
Saint Paul,Minnesota 55102
. . . .Sl. .`'E ULrAK t�vr�tv i 41t ��'vcx�cts't acv1� �LV�+�tir►�u�►, LIC�CL cr►ar.,.r l%�— d�°-°3��
Cr:tificatios as� Appllcatioa for Eat�rpri:e Zoae Cr�dit
N�ot Bwiew btloeMet�ID Nua� • ID Nwnb�r
Economics Laboratory, Inc. 8068119 4 -0231510
Addcw uwab�r�od�tn�t N�wd�I�phoo�aumbK d to eoahet�t tAi�
b11�CM�K N btw Q�M�Otl tbOYt IOl�O.
Osborn Building Jim Westerhaus 293-2 83
Citp � �la� 7ip Cod�
St. Paul Minnesota 55102
DMesib�t6��cp�oeoa�etiritf(�9nae�tN!ot s�cp�eooa.oua�r of job�cr�abd,iaee�w in p��noll,inw in m�ek�t�alw,ewt ot
.ocv.a.ioa,d..a��oo ot bu.inw.ad naem.at ia�eoduee). The comvany wi 11 construct new 20.000 sq f t. or
ar;er facility to house its Information Services bivision. This act n Will allow its Insti
utional Sales Division to move fron [dhite Plains, NY and will create r retain 217 new �obs
Ent�rnriN Zoa�Cndit� within (over*)
1. 9alr t�paid oa purebaw of weutructioa nut�ei�is or puip�tnc . . . .. . . . . . . . . .. .... .... .. . 1.
2. Intawt p�id oa d�bt to tinaa�oonstruetioa o�n�w t�eilicy . . . . . . . . . . . . . . . . . . . . . .. . .......4.
J. s. Nua�b�s ot woeltas�mploy�d. . . . . . . . . . . . . . . . . . . . . . . . . . . . . S�.
b. Cndit p�r�ork�e(6�om tln�E bdov) .. . . .. .. . . . .. . . . . . . . . . . . b.
c. Multiply tM nnmber on tin��by th�amount on lia�b ... .... . . .. .... . .. .. . .. . . . . . .. ..3e.
�ord�r Citr ZonM Onlv
�. a. Numb�e d worltas�mpiord......... .. . . . . . .......... .. 4a. �
b. Cndit p�s w�k�r(tee�n lia�T bdo�) ... . ...... . ..... ........ b.
e. Multiplp th�aueub�r on lin�s bp tb�amouat oe lin�b . . . . . . . . . ... . . .. . . .. . .. ..... . .. .4e. '
Total Credib
S. Total anNeprw wa�erdies(dd liew l.2,3e and 4e). . . . . . . .. ... ..... . . . . . .. .. . .. . . . . . .6. 59 00
Eat�rpeiw Zom Citp Nam��nd t�i�pAoeu numb�r of pasoa to contaet if�w hsv�a iou��bout ehi�foeni 2�4_5686
Saint Paul John A. Campobasso, Port Authority of the City of Saint Paul
Gpl daeription ot ptopsetp tor whieh erdit u elaitn�d.
Blocks 5 and �, Fletcher's Subdivision of Brewster's Addition; Blocks 22 and 23 of Brewster'
Addition; Block 5 of Ashton's and Sherburn's Addition, including vaca ed streets.
6. Fill ia tl��er�dii aowrnt W b��ib�r�d foe�aeh�nplorN. . . . . . . . . . . . .. . . . . .. . . ... . . . .. . . 6.
T. Bord�r eih sonu onir-FW in th�crdit anwuat to bt�llov�d!or��el�uaplop�e . .. .. . . . . . . . . 7.
8. Ch�ck tb�sppropei�baac: (�a�w faeilih� I J�wioo o[aci�cin�faeilit�r
ALo fW in th��mouat of ee�dlt W b��Ilo�d foe prop�ttr ta:p�rsbl�in 1�87-9A . . . . .. . . . . . a. 0 ($65,000/yr. X 4)
9. $oed�r eitr wn�onlv([or��f�eilitiM)
tiU in tM�mouat ot erdit to b��lbMd tor pwp�etr t�c psr�bb in 10_ . .. . . . . ... . . . . . . . 9.
Local coateisutioa(acplaia how d�t�em{t�d) Zon�Dduet'
n alternative local contributiqn plan con- �;�s,�,�. . . , . , $`�9 845
rised of bldg. d�olition, site preparation o�;,,����,r. . . . . 2E ^
nd infrastructure improvements within the 70 4
R�maiaia�Balaaee. . . . . .
mpire Builder Ind. Park was approved by Commissioner Dayton on Octob r 14 1985.
I huebp d�elan�nd e�rtify that th�applie�eioa u cnu�ad�oer�et ce ela�t�nry kno.rl p�nd bdi .
ECONOMICS LABORATORY, i1� ;
/'�. � � , , rc 1986
• seur.ot,��eaooMichael E. Shannon, Executive Vice Pr nt a �
f Financial and Administrative Off
-a �
Citr Cl�rk Ada�ioi�ts�coe D� � a°��A�' D^�0��
Gstitieaefoa tA�t applie�o ir loestd io tA�
Zon��nd ae����ilabl�.
� - ���_�
E��.a c►�om�.� MAXOR nu. �^^-� rl�a /8�'
Commirion�r ot Ma� D�N
wppor�d to�e.et l�ployn�mt Peo�et�r
� I
, � � � � . f,�+� ����
r� � � tio � r�. .�..�_� �. ��t. � � � � i � �
fo�m aoa �.. a npr.aa�atitv� ot tb� .nt�rp�ia� �e city f�u in Part s to s�o�+►
tbe a�ount a� cr�dit tl�r city will allar. sbe representativ�e an �lected
official aust. aL� o�rtity t.�at tb� i�nfor�aticn is o�nect bp si at tbe bott�om
o! tb� �o�.
l�t.�r tD� iolo�atiron bas be�o c�rtified by t� city, it must b� ��at to t�
Depsrt��at � �rc� aaa �oonomic Daqslo�t aod tbe Depart�nt of Rev� for
appt+o�val. l�til tbe lo�a tro:
lyi.�ero�ta Depart�at o! �r� a�d �ooa�amic Devalq�ent
Doona�ic Da�lap�ent Divisian
900 Piaiesican Caester euildinq
150 Ssst �illogg eoulevasd
St. P�ul, 1�lQ 55101
l�l�ter t1�e foim las beeu appraved by tbe Departa�ent of Hr�erc,� aod Boonamic
Dev�lop�ent, it Mill b� fon�rded to tbs Dapartaient of Rev�esu�e ! r �praval. Z�e �
Depertment of Ra�ue will natify the F�terpriae 8c�� C1ty o! .
�g: if you stap operations in the enterprise za�e within two s after you -
claim t.base credits, you will hav�e tc repay all or part of t�e� credita.
� fo� abould be filed r�ritb your county Auditor if local tas reductions
(�D prope�cty reclassificatioa� or State psid prap�rty tas creai are requeated. If
tbe city bes a]lowed you a credit tor proQerty taz psyab�le aa 6 (or line 7 for
bordtr city zanea), you must file tbia appro�ve�d foim with your auditos to
receive credit on your Property tas statament.
Contact (612� 297-1304 for additiasal iafonnati�oo.
* two years and up to 350 within five years. The payroll will be increased by
approximately $7,600,000. Tlie cost is estiaated at $2.5 miilio with an increase
in market value of $1,SOO ,p00.