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11/16/2012 - City Council Finance Committee
FINANCE COMMITTEE MEETING FRIDAY, NOVEMBER 16, 2012 12:40 P.M. CONFERENCE ROOM 2A &B AGENDA I. AGENDA ADOPTION II. WATER QUALITY COST SHARING III. SALE OF FIRE ADMINISTRATION BUILDING IV. REVIEW OF COMMERCIAL DEVELOPMENT STANDARDS V. OTHER BUSINESS VI. ADJOURNMENT Agenda Information Memo Finance Committee November 16, 2012 II. WATER QUALITY COST -SHARE PARTNERSHIP PROGRAM DIRECTION TO BE CONSIDERED: Reconsider the details of the Cost -Share Partnership Program with related information materials, discuss the merits of any proposed City contributions towards private water quality enhancing improvements and provide staff with direction on implementation. FACTS: • The City of Eagan adopted the first Water Quality Management Plan in 1990. It received the Met Council's Policy Implementation Award in 1991, and the U.S. Environmental Protection Agency recognized the program as tops in the nation in 1996. • On July 17, 2007, the City Council approved the updated Water Quality and Wetland Management Plan (WQWMP) to address significant national and statewide changes regarding surface water management since 1990. Goals of the updated plan included management of surface water resources using scientifically based, common sense approaches and control of watershed loadings. • On September 18, 2007, the City Council accepted the Nondegradation Review (Review) of Eagan's Municipal Separate Storm Sewer System (MS4) and adopted a Record of Decision for its submittal to the Minnesota Pollution Control Agency (MPCA). The Review specifically addressed changes in stormwater discharges according to Total Phosphorus (TP), Total Suspended Solids (TSS) content, and according to stormwater volume. • Consistent with the aforementioned Council actions, the Water Quality program has been incorporated into the Public Works Department's 5 -year Capital Improvement Program (CIP). While these public improvements in the CIP address the goals and recommendations of the approved plans and help fulfill obligations of Eagan's 5 -year MS4 Permit, mandatory MPCA nondegradation requirements are far from being reached. • In recent years, due to impaired statuses of some lakes (Fish and Schwartz) and successful applications for grant program funding for others (Blackhawk and Thomas lakes), a number of lake management plans have been prepared. Efforts to develop 12 more plans for priority lakes have also been authorized by the Council and are currently underway. • The lake management plans suggest Best Management Practices (BMPs) that can best address water quality needs of the specific lake while identifying locations of the BMPs that provide the most cost effective benefit. • For over 20 years, staff has been fostering citywide support for surface water management goals through an active education and outreach program. Efforts since the approval of the WQWMP have led to construction of about 50 rain gardens within the public right -of -way (boulevards). Such visible efforts, as well as cooperative programs such as the Blue Thumb workshops, have encouraged discussions with residential and non - residential property owners about opportunities for stormwater BMPs on private property. • The BMP details of the lake management plans and staffs public education and outreach throughout the community have provided interest in developing partnerships between the City and private property owners for publicly beneficial surface water management improvements. • On May 8, 2012, staff presented a draft cost -share partnership program for the City Council's consideration for potential City cost participation towards surface water management improvements on private property. The City Council directed further consideration of the program to the Finance Committee. N Agenda Information Memo Finance Committee November 16, 2012, Page 2 of 2 II. WATER QUALITY COST -SHARE PARTNERSHIP PROGRAM The purpose of the suggested cost -share partnership program is to: • Improve water quality in downstream public waterbodies, specifically reducing the contents of Total Phosphorus (TP) and Total Suspended Solids (TSS). • Reduce stormwater runoff into the storm sewer system and public waterbodies; • Preserve, protect and enhance native plant communities around public waterbodies; and • Educate and engage the public on the value of improving public water resources, and to develop empowerment and partnership opportunities. Staff found examples of similar stormwater BMP programs in other cities across the country. Numerous cities have rebate or reimbursement programs. The best examples of programs with direct city payment or management were found in Lincoln, Nebraska (contractor direct payment) and Raleigh, North Carolina (city managed). Staff has suggested they manage the program alongside their other responsibilities of fulfilling Council- approved Water Quality budgets and programs: o Priority properties could be identified: ■ As part of a recommended area in a Council- accepted lake management plan for a priority lake, or ■ In a development agreement as a result of staff review of a development application, or ■ In the Public Works CIP as opportunities present themselves with existing commercial, industrial, public facility /institutional properties; and o A maximum total City contribution would be included in the 5 -year Public Works CIP (e.g., $50,000 is annually proposed for 2013 - 2017). Proposed improvements and associated costs by property owners would need to be identified and shared as part of the original application in order to determine what, if any, City participation is warranted. For a non - residential property, a surface water management improvement could impact the existing calculation for the quarterly Stormwater Utility Fee, effectively due to reduced impervious surfaces and reduced runoff, which would support a plausible request for a reduced fee. Staff would calculate such a reduction at the time of the application for program participation. The following comments made at the May 8, 2012, Council Workshop were to be addressed by the Finance Committee: • Councilmember Tilley suggested savings from the cost -share program provide a continual source of funds with any cost savings applied toward the development of future cost -share projects and stormwater innovation. The actual cost savings would not be in the form of additional revenue, but would potentially reduce future system maintenance costs. Staff suggests that having a continual line item for cost -share grants in the Water Quality CIP (generated by stormwater utility fees) would provide sufficient program funding. • Mayor Maguire commented that a non - residential property's utility fee reduction potential could be based upon the property owner's "investment" in a stormwater BMP. The fee reduction may be a credit in the Residential Equivalency Factor (REF) used to determine the stormwater utility rate for the property. ATTACHMENTS: 'p� • Cost -Share Partnership Program Summary & Examples, pages and • Cost -Share Partnership Program Details, pages (o through • Memo from City Attorney, pages G through la S PROPOSED WATER QUALITY COST - SHARE PARTNERSHIP PROGRAM SUMMARY Public Purpose / Public Water Resource Benefit / Goals: - Improve water quality in downstream public waterbodies; - Reduce stormwater- runoff into the public storm -sewer system & public waterbodies; - Preserve, protect and enhance native plant communities around public waterbodies; - Educate and engage the public on the value of improving public water resources, and empowerment and partnership opportunities. Initial Proposed Cost: $50,000 from Water Quality CIP (paid by Stormwater Utility Fees) 1. LANDOWNER IMITATIVE: REBATE / REIMBURSEMENT: - Landowner identified project (with clear public benefit), based on City Best Management Practice (BMP) siting / design criteria (or public education goals). - Landowner would be responsible for implementing the project. - Implementation by Landowner or by Contractor with experience in Best Management Practices installation. - City staff would be granted access for periodic inspections during implementation and establishment. - At project completion, landowner would submit receipts /invoices to City to request reimbursement - City share based on previously agreed maximum percentage (typically 75 %) or 'not-to-exceed' amount. Maintenance: Landowner would be responsible for all future maintenance. City staff would be granted access for periodic inspections during maintenance period. City may provide partial reimbursement for specialized maintenance by specialized bmp contractor, with pre- approval on a case -by -case basis. 2. CITY INITIATIVE: - City identified priority project (with clear public benefit) / City would lead project planning. - For projects on public land or on granted easements. - City would be responsible for implementation. - After project completion, landowner may be assessed /billed (for a previously agreed upon maximum percentage (typically 25 %) or 'not-to-exceed' amount) or contribute an agreed upon value of 'in-kind' labor toward project. Maintenance: City will be responsible for future project maintenance, but may delegate portions of maintenance tasks to landowner. If not previously provided, an easement will be granted to the City for project implementation and future access for project inspection and maintenance. PROPOSED WATER QUALITY COST - SHARE PARTNERSHIP PROGRAM POSSIBLE PROJECT EXAMPLES 1. EASTER LUTHERAN CHURCH: Shoreland Restoration Demonstration Proiect - Problem to be addressed: Invasive shrub species along shoreland area are preventing growth of native ground -layer perennial vegetation, leaving soils open to erosion, reducing plant diversity and ecological value. - Project would involve restoration of shoreland buffer area along 1,000 feet of Thomas Lake, including removal of invasive plant species by specialized restoration contractor, targeted replanting of native plant species by volunteers, targeted maintenance of buffer/ prairie area by restoration contractor. - Public education component would involve engaging and presenting information to church congregation members / families, and serving as shoreland demonstration. Church members would be involved in volunteer planting within shoreland buffer. 2. EASTER LUTHERAN CHURCH: Stormwater -Pond Retrofit Demonstration Proiect - Problem to be addressed: Typical stormwater ponds were initially designed to capture sediments and particulate phosphorus, but are not effective at capturing dissolved phosphorus (which can consist of 50% of the phosphorus in stormwater runoff). Stormwater pond discharge enters in Thomas Lake, after flowing through Pond 1313-12. - Project: planning, design and implementation of stormwater pond retrofit project, that incorporates (and demonstrates) iron - enhanced sand - filter for reduction of dissolved phosphorus and forebay enhancement for sediment capture. Designed by Dakota Soil & Water Conservation District staff. Installation by specialized best management practices (bmp) contractor. Easement granted to the City would be required. 3. GLACIER HILLS ELEMENTARY: Runoff Reduction Project / Rain Garden - Problem Addressed: substantial stormwater runoff (surface flow) currently flows down slope onto city sidewalk / trail / road - intersection / school entrance, causing freeze -up / icing in winter on sidewalk /trail and road. Reducing stormwater runoff would help reduce this safety problem. - Project: implementation of stormwater runoff - reduction / infiltration project by specialized BMP contractor and planting of native plant species by volunteers (students /parents). Public education component would involve participation of teachers /students /parents, and include planting areas within school's science education curriculum. PROPOSED WATER QUALITY COST -SHARE PARTNERSHIP PROGRAM DETAILS 1. Overview: The City of Eagan Water Quality Cost -Share Partnership Program offers financial and technical assistance for efforts that protect and improve public water resources in Eagan. 2. Program Goals - Public Water Resources Benefit: Implementation funds may be used by landowners that implement projects supporting one or more of the following public water resource priorities: - Improve water quality in downstream public waterbodies; - Reduce stormwater- runoff into the public storm -sewer system & public waterbodies; - Preserve, protect and enhance native plant communities around public waterbodies; - Educate and engage the public on the value of improving public water resources, and empowerment and partnership opportunities. 3. Available Funds: Annual amount available is: $50,000, with the minimum amount being: $1,500 and the maximum being: $50,000 (e.g. business / school / church projects) Subject to available funding, the City of Eagan will accept applications year round until the funds are depleted for the year. Project must be completed within one year upon receiving notification of project funding approval, unless an extension has been requested and'granted, or City funds may be reallocated towards other qualifying projects. Phased / multi -year projects will be eligible for successive annual applications if successful project implementation has been demonstrated. 4. Eligibility Requirements: - Any landowner, including residential, commercial, quasi - public, or public entity that pays the stormwater utility fee is eligible to petition for assistance in this program. - Project must have a clear public benefit that clearly supports one or more of the program goals. - Portions of projects that have been completed, or are in progress, before project funding approval notification are ineligible for program funding. - Projects required to correct a code violation, that violate city code, or are being implemented due to stormwater program requirements, are ineligible for cost -share funding. Portions of projects that exceed requirements are eligible for funding. - City staff would be granted access for inspections during implementation and maintenance period. 0 S. Eligible Expenses: - City of Eagan funds are available for cost - sharing on water quality project - related materials and contracted design / labor, that provide a public benefit. - Contracted engineering fees may be eligible for cost - sharing if pre- approved by the City before contracted engineering work begins. - Volunteer (In -kind) labor may be used as a portion of landowner match, if pre- approved by the City, but total reimbursement may not exceed the cost of eligible purchased water quality project - related materials and contracted design /labor. A detailed volunteer hours log will be required to be submitted (date, volunteers, hours worked). - Original receipts /paid invoices will be required for all project- related expense submittals. - Purely aesthetic components of the project are ineligible expenses. 6. Eligible projects may include: - Stormwater pond retrofits - Bioretention / biofiltration - Infiltration trenches - Vegetated swales - Sub - surface infiltration / retention systems - Sediment - capture practices - Residential rain gardens (that intercept driveway runoff) - Rainwater - harvesting / re -use systems (500 gallons +) - Permeable pavement systems - Soil- compaction alleviation, amendment & restoration - Soil- erosion & sediment - control practices - Gully stabilization - Shoreland buffer restoration / native plant diversity enhancement - Upland buffer restoration / native plant diversity enhancement - Educational events, activities or displays (pertaining to water quality & behavior changes) 7. Evaluation Criteria: Priority will be given to projects that: - border priority water resources - are within priority water resource drainage areas - support one (or more) of the program's priorities and provide clear activities and goals - provide measurable results (e.g. runoff gallons captured, public engagement, etc.) - provide a detailed and reasonable budget, work plan, and implementation timeline - are cost effective compared to alternative strategies for equivalent expected outcomes - are ready to begin implementation as soon as seasonal conditions allow - provide an effective strategy (and commitment) for anticipated future project maintenance needs, to ensure long -term function / sustainability - demonstrate strong partnerships and /or local citizen support (and empowerment), including neighborhood involvement - provide high visibility demonstration site that are accessible (or viewable) by the public - provide public educational value 11 8. Cost -Share Program Funding Options: - Based on project type, location, and evaluation results, a project funding option will be determined by the City, consisting of either: - Reimbursement to Owner (after Owner pays all project- related expenses) - City- Contracted project (with Easement and potential Owner cash /in -kind contribution) 9. Cost -Share Agreement: - Each applicant will be required to complete, sign and adhere to a Cost -Share Agreement contract with the City of Eagan, defining the obligations of the applicant and limitations. - This Agreement includes contractual commitments to, but is not limited to, such items as use of funds, planning review, city standards, access, inspections, hold - harmless clause, amendments, cancellation, payment schedules, reporting, project completion / close -out, and contract default implications. - Funding will only cover work done after the agreement has been signed, with the exception of pre - project planning / engineering costs that may be allowed to be included, determined on a case -by- case basis, if pre - approved by the City. - City staff shall be granted access for inspections during implementation and maintenance period. - For City Initiative public improvement projects, if the project area is not already included in a recorded easement, the Owner shall agree to grant the City necessary easement(s) across the property to accomplish the project and for follow up project monitoring and maintenance. - Amendment to any of the Cost -Share Agreement contract terms shall be by mutual written agreement signed by all parties to the original contract. - Conditions set forth in this agreement shall be binding on the heirs, successors, assigns and grantees of the Owner, and will be forwarded to the County Recorder to alert future owners of the grant- funded project and easements (if applicable). 10. Operations & Maintenance Agreement (for Landowner- Initiative Projects): - Each applicant will be required to complete, sign and adhere to an Operations & Maintenance Agreement contract with the City of Eagan, defining the obligations of the applicant, term of the maintenance period and limitations, for which public cost -share funding is received. - Project maintenance is the sole responsibility of the applicant /landowner. - The City of Eagan will not accept any maintenance responsibility for Landowner Initiative projects. - This agreement also allows the City of Eagan (or representatives) access onto the property to the project area for periodic inspection of maintenance compliance. - Should the owner fail to maintain the practice during its effective life, the Owner is liable to the City of Eagan for 100% of the amount of financial assistance received to install and establish the practice. However, the Owner is not liable for repayment of cost -share assistance received if the failure was caused by reasons proven to be beyond the Owner's control. - The Operations & Maintenance Agreement will be in a form acceptable to the City Attorney. - Conditions set forth in this agreement shall be binding on the heirs, successors, assigns and grantees of the Owner, and will be forwarded to the County Recorder to alert future owners of the Operations & Maintenance Agreement. r 11. Reporting Requirements & Payment / Reimbursement (for Landowner- Initiative Projects): - Within 30 days of the completion of the project implementation, a project completion report (including supporting photos) shall be submitted to the City. The report will include the voucher / reimbursement request form (if applicable) and original invoices / paid receipts, along with 'as -built plans' if modifications from original design were made during implementation. - Photo documentation during project implementation stages is the responsibility of the Owner. - All claimed expenses will be reviewed and verified by the City of Eagan as eligible, practical and reasonable. The City of Eagan reserves the right to make adjustments to the costs submitted for reimbursement based on this review. - After satisfactory completion of final project review, payment will be processed. - Over the life of the maintenance agreement, a yearly reporting form (with photo documentation taken during the growing season) must be submitted to the City of Eagan by September 1, by mail or email. 12. Submission of Application: Submission should include: - completed & signed Application Form - project site plan (and any other supporting planning diagrams /descriptions to convey project plan) - work plan and anticipated implementation schedule - budget (bmp contractor bid /quote and /or Dakota SWCD / City of Eagan approved cost estimate) - anticipated schedule for annual maintenance needs 0 DDougherty, Molenda, Solfest, Hills & Bauer P.A. OUGHERTY MOLENDA Attorneys I Advisors MEMORANDUM TO: Thomas A. Colbert, Director of Public Works CC: Russ Matthys, City Engineer Eric Macbeth, Water Resources Coordinator Gregg Thompson, Water Resources Specialist FROM: Robert B. Bauer, City Attorney DATE: April 25, 2012 RE: Water Resources /Cost Share Partnership Programs Our File No. 206 -4768 Tom, Robert B. Bauer Direct: (952) 953 -8848 E -mail: rbauer @dmshb.com This is by way of follow -up to our group meeting to discuss various projects that the City may consider in order to improve water quality throughout the City. You had asked our office to opine as to whether certain various types of projects could be accomplished in compliance with state law. The following is our analysis: 1. Public Improvements on Private Property. The City is not able to construct public improvements on private property. If you believe there are improvements that are needed on private property that provide a public benefit, then the property owner must provide an easement in favor of the City and the City would be responsible for the maintenance of the improvements. At our conference you gave the example of the property belonging to Easter by the Lake Church as an area where the property has a storm water pond and the City does possess any easements over the property. The Church is agreeable to the project and has agreed to accept an assessment against its property for a portion of the costs of the improvement. In this instance, we would recommend that you have an easement prepared for the pond and have the Church grant the easement in favor of the City to allow for the improvements. We may also need a temporary construction easement to access the easement area. Lastly, the Church should agree to an assessment waiver to allow for a portion of the project costs to be specially assessed against their property. �0 Thomas A. Colbert, Director of Public Works April 25, 2012 Page 2. 2. Private Improvements Upon Public Property. You have inquired as to whether individuals can construct private improvements on public property (i.e., rain garden or other storm water measures). We have in the past allowed for private improvements that have provided public benefit within public rights -of -way (i.e., monument signs and landscaping). In this instance, the applicant should obtain the necessary permits for the work within the right -of- way. We would -then prepare a license agreement that the property owner would sign and the Council would approve that would allow for the placement of the rain garden or other improvements within the public property. This agreement would be recorded against the property and run with the land. Under the terms of the license agreement, the ,City would have the ability to remove the improvement in the event that it has not been maintained or interferes with the public's use of the right -of -way. Private Improvements on Private Property. You have asked whether the City can provide grants or rebates to property owners that construct private improvements on their own property that provide a public benefit. The City does have the ability to provide grants /rebates in these instances because the private improvement that is proposed will provide a benefit to the public, namely efforts to enhance water quality throughout the City. City Staff must establish a nexus between the proposed private improvement and the corresponding public benefit for water quality before any grant /rebate is given. PROCESS If the project is one where a special assessments are contemplated for the work performed by the City, the property owner should provide the necessary easements to the City and agree to a waiver of a specific amount for the special assessment. All documents should be recorded with the County Recorder to alert future owners of the assessment terms. For projects involving private improvements on public property, the license agreement should be sufficient to protect the City's interests in the event the improvement is not functioning. The license agreement would allow the City to remove the improvement and, if you desire, we could include a provision that the cost of the removal would be assessed against the property. The more complicated process would be the private improvements that are constructed on private property. We generally discussed the following procedures: The Council would formally adopt the grant /rebate program and information would be provided via the City's website as well as to selected property owners. Thomas A. Colbert, Director of Public Works April 25, 2012 Page 3 • The City would establish two separate annual application deadlines to allow for property owners to submit their application for the rebate. • Once the applications are received, Staff would grade them based on the evaluation criteria that Staff has prepared. • Staff would select one or more of the projects to receive the grant /rebate. • The owner would enter into an agreement with the City that would outline the proposed improvement; the provisions for reimbursement; and the corresponding maintenance obligations. • The Agreement would be formally approved by the City Council. • Once the Agreement is signed and executed, it would be forwarded to the County Recorder to alert future owners of the grant and ongoing maintenance responsibilities. In the materials that were provided, it appears that you have contemplated both a cost /share agreement as well as an operation and maintenance agreement. These two agreements can be separate or all of the obligations can be set forth in one agreement if you prefer. DRAFT DOCUMENTS Staff has provided draft documents outlining the rebate program and the water quality incentive program. I have attached my comments to these agreements where applicable. SUMMARY The draft cost -share program outline that has been prepared by Staff is appropriate for consideration by the Council. Under Option 1 (pertaining the Assessment Project), you should modify that to indicate that the property owner must agree to grant the necessary easements to the City to accomplish the project. Assuming that the Council approves the programs, we could prepare the appropriate cost -share agreements and operation and maintenance agreement. Should you have any questions concerning this matter, please feel free to give me a call. \a This page intentionally left blank Agenda Information Memo Finance Committee Meeting November 16, 2012 III. SALE OF FIRE ADMINISTRATION BUILDING ACTION TO BE CONSIDERED: To make a recommendation to the City Council regarding the sale or lease of the former Fire Administration Building. FACTS: When the Fire Safety Center opened in 2011, the City moved forward to dispose of former Fire Station #2 and the former Fire Administration Building. It was the conclusion at that time that the City would not retain the property for other City or public uses. Station #2 was sold to Competition Engines and remodeled to be the receiver site for the business that was moving out of Cedar Grove. The timing of the potential sale of the former Fire Administration Building was more challenging due to the state of the economy and the general office vacancy market in the city and the region. At that time, the City was approached by Jeff Larson of JBL Companies, a long -time, local property management firm, who indicated that he was about to relocate his offices. He expressed interest in leasing the Fire Administration Building on a flexible basis to permit the City time to complete the rezoning of the property and consider its options for selling it. While the City does not intend to be a landlord in the long term, this offer appeared to be a win - win for the parties, by generating income while the economy improved and the land use steps were being taken. Having the building occupied also permitted the City to save a substantial amount on its insurance, which is substantially lower if the building is occupied than if it is vacant. JBL took occupancy of the building in July, 2011, and operated there through June, 2012, at which time the company moved to a new location, but has continued to lease the garage space for equipment related to its property maintenance operations. That arrangement is a month to month lease with a 30 day notice provision. At the time JBL vacated the office portion of the building, it was noted the Finance Committee would also be asked for additional input on the options of leasing the property to another third party until the commercial real estate market further improves or taking the steps to list the property for sale of solicit proposals for that purpose. At the time of JBL's relocation, Mr. Larson also provided a Broker's Price Opinion for the property that offers an evaluation of both a potential list price for sale and one for lease, if it is determined that the market is still too soft to get a viable offer for the property. H While it is likely that a listing broker would want to do his or her own Price Opinion at this time, given the five months that have passed, the JBL Opinion at the time was that the property could be listed for sale at $1,764,000 and for lease at $10.00 /foot or $126,000 /year. As the Committee is aware, at this point the property has been reguided and rezoned for Limited Business and could be sold to a third party for an appropriate office or service use, if a satisfactory price could be achieved. ATTACHMENTS: • JBL Broker's Price Opinion on pages � �O through (DS 15 BROKER'S PRICE OPINION JBL Companies, Inc. 3440 Federal Drive, Suite 250 Eagan, MN 55122 Phone: (651) 686 -0212 Fax: (651) 686 -6113 info@ JBLcompanies. com Eagan Fire Administration Building 3795 Pilot Knob Road Eagan, MN 55122 i� s p 4111f Section 1 Section 2 Section 3 Table of Contents Disclaimer Company Bio General Information and Salient Facts Executive Summary Comparable Property Spreadsheet Comparable Property Supporting Data Area Maps Aerial Photos Bird's Eye View Photos Flood Plain Map Dakota County Tax Data Zoning Information Traffic Count Map Demographic Study Disclaimer JBL Companies, Inc. (JBL) used a specific set of assumptions to create this Broker's Price Opinion analysis package, but is not representing that any of the assumptions will material- ize. There is a certain degree of inherent risk associated with commercial real estate, and you, as an investor, seller or lender, are advised to seek advice from your accountant, attor- ney and /or other advisors, and to view this information as hypothetical. Although this analysis can be useful in making decisions about this property, the assump- tions could change which may materially alter your conclusions. All information fur- nished by JBL is from sources judged reliable, however, no warranty or representation is made to its accuracy or completeness. The information contained in this package does not claim to be all- inclusive or have all of the information that an investor, seller or lender may desire. This Broker's Price Opinion shall not be deemed an indication of the current status of the property or the seller, nor constitute an indication that there has been no change in the business or affairs of the property of the seller since the date of preparation of this package. Photocopying or other duplication of this package is not authorized. JBL Companies, Inc. Bio JBL Companies, Inc. provides a personal high quality approach to the commercial real es- tate industry; bringing large market services to mid - market users, owners, and investors. JBL Companies provides expertise in brokerage, property management, development, fa- cilities management and receiverships. JBL Companies, Inc. was founded in 1991 by Jeffrey B. Larson and is headquartered in Eagan, Minnesota. The company specializes in office, industrial, retail, medical and spe- cial real property assets. General Information and Salient Facts Property Name: Eagan Fire Administration Building Address: 3795 Pilot Knob Road Eagan, MN 55122 County: Dakota PID: 10- 01600- 800 -20 Suggested Sale: $1,764,000 ($140 p.s.f.) Suggested Lease Rate: $10 / p.s.f. NNN Property Type: Office with meeting, training space and Garage Building Size: 12,600 square feet Office (2 levels): Approximately 5,000 sf per floor Garage: Approximately 1,500 sf Year Built: 1998 w/ an addition in 1999 Lot Size: 2.10 Acres Zoning: Public Facility Real Estate Taxes (2011 /payable 2012): Exempt Parking: 50 Stalls Traffic Counts: 22,200 vehicles per day (Pilot Knob) r) 0 Executive Summary The Eagan Fire Administration building is located in Dakota County at 3795 Pilot Knob Eagan, Minnesota. This facility was built in 1998 to house the Eagan Fire Department. After the Fire depart- ment opened a new facility in 2011 they vacated 3795 Pilot Knob. The building is situated on 2.10 acres and contains 12,600 square feet. Currently the building is setup with approximately 5,500 sf of office space and a 5,000 sf meeting and training space. In addition to the office space and meeting, training space the building contains a two stall high bay garage which was added in 1999. This is a very at- tractive owner / user facility. The buildings close proximity to 35E allows for quick access to downtown Minneapolis and St. Paul. Also it is just minutes from the Minneapolis / St. Paul airport. Even though there are an abundance of office buildings currently on the market, the Fire Administration building having two stories of office and a large garage would reflect a price on the high end of the mean comparisons sold and would sit slightly above asking prices. Taking into account a 12,600 sf facility the building should see a price range of $100 to $150 per square foot or $1,260,00 to $1,890,000. We would suggest a list price of $140 p.s.f. or $1,764,000. Should you wish to lease the property current rental rates are $8.00 p.s.f, to $14.:00 p.s.f. net for office with garage / warehouse at $3.50 p.s.f to $5.00 p.s.f. net, we would suggest a blended rate of $10.00 p.s.f. net for the entire property. Comparable Property Spreadsheet IN O M r-I !Pr II Q D J mIN N I-1 I co IQlm OF VII I� I I 0) rI Q OO O O M O N r-I N d' l6 , r-I r-I i ri ifr if} iPr n�0 II lOOld� vi d� r•i Q L C � v U U E N C 0 or -FE z50 NOR O C � U O ro c x Lu E w v m n W U Z w Y c a C a- (ntm _OoEUE Ile m wF-- Oca C�3 _N 001 rn000rn 00) Ol 01 , m I i I L r-I rl O O O O O r-I ri '-i H H H H 0 0 0 0 0 0 0 ,N N �, N N -- N S, N N 11 N 1- m Ln \ W O M � d' H N G.- iNMNr.,Mr -i 22 l\p N N N 0 W n C H H H Ill l0 Ol It -1 Ol r� N It N O O N 1b ri iiF iPr !Pr .--I ifF +Pr LL yl. yi a 0 0 0 0 0 0 0 0 0 0 0 0 0 0 v o C C C 0 0 C � 0 m 0 N0 0 Ln L O m lt O o o m y yr +tr yr tpr r -Z +fr +fr ar m ko O Ol LUn ll� 1, O O ri d' li N i+ O J O O W N N O to L, H In W M. N 0 M to Ln Ln l0. Ol " O Ln N Ln U) M M M c H H ri 'O m v v v v vc c a>i c V) a rn rn o o L U Q w w m Q w m cl + 5 � ; L I-Ua-0 Q Q QL O � ID 'D C� J kE 7 t — C u -'F UOO W L. Ln Ln O (, N O Ln d' I, N m d' o N V U) Ln Ln ri 't n d' Q I, r-I -J r-I rl l0 r-i U C (A N U U ik O L U M< c: 1 I I I O Z 3 _� c > J > N m w Z fu aL mIN N I-1 I co IQlm OF VII I� I I 0) rI Q OO O O M O N r-I N d' l6 , r-I r-I i ri ifr if} iPr n�0 II lOOld� vi d� r•i Q L C � v U U E N C 0 or -FE z50 NOR O C � U O ro c x Lu E w v m n W U Z w Y c a C a- (ntm _OoEUE Ile m wF-- Oca C�3 Comparable Property Supporting Data aq Property/ Building Comments Burnet Realty Building 190 Cobblestone Ln Burnsville MN 55337 DakotaCounty Cross Street: Cobblestone Map: 162/ Mkt Area 700: Southeast Net Rentable Area: Building Status: Year Built: Tax ID #'s: 022610201050 Owner: Sprinklers: Construction Type: Building Class: # of Floors: # of Elevators A /C: Primary Tenant 13,976 Existing 1991 190 COBBLESTON Yes Masonry A 3 1 Yes Burnet Realty ...... _. . m Listing ;Information Days on Market: 368 Buildinq $ /SF: 139.52 Acres: Zoning: 50,094 1.15 B3 35W near County Road 42 across from Burnsville Center. Average daily traffic count 76,000. Signage on 35W. Many shops and restaurants In the area. Center Type: Listing Agent: David Bruce Phone: (952) 525 -9644 Email: dbruce @cchaseco.com Listing Office: The C Chase Company Phone: (952) 525 -9644 City: Minneapolis MN Prepared By: Jeffrey Larson @ MNCAR. Some Information contained herein may have been obtained from public records or other sources deemed reliable but is not guaranteed. a5 Page 1 of 5 r .. 1301 -1351 Riverwood Dr Building /SF: 1301 Riverwood Dr Land Information Burnsville MN 55337 142,006 DakotaCounty 3.26 Cross Street; 12th Ave S B3 Mkt Area 700: Southeast /Building Comments Newer Building. Former Snyder Drug Store. Total Building SF: Net Rentable Area: Building Status: Year Built: Tax ID #'s: 021825605001 Sprinklers: Construction Type: Building Class: # of Floors: A /C: Primary Tenant 14,920 14,920 Existing 2001 (Remodeled 2003) Yes Pre Cast A 1 Yes State Farm Insurance List Price: Status: Asset Class: listing Information $1,500,000 Available Office Days on Market: 220 Building /SF: 100.54 Land Information Total Land SF: 142,006 Acres: 3.26 Zoning: B3 Public Listing Comments: This premier property is located just three miles east of Interstate 35W, the major north /south Interstate through the State of Minnesota, on heavily traveled Highway 13, This property has extremely high visibility with direct access off Highway 13 via Riverwood Drive. Asset'dass 19 eta i. Center Type: Strip /Cony Center Listing Agent: Dana Dose Phone: (651) 330 -4286 Email: dana @wakota.com Listing Office: Wakota Commercial Advisors Phone: (651) 330 -4286 City: St Paul MN Prepared By: Jeffrey Larson @ MNCAR. Some information contained herein may have been obtained from public records or other sources deemed reliable but is not guaranteed. Page 2 of 5 13795 Frontier Ct 13795 Frontier Ct Burnsville MN 55337 DakotaCounty Cross Street: Frontier Map: 162/ Mkt Area 700: Southeast Property Inforlination Total Building SF: 10,605 Net Rentable Area: 10,605 Building Status: Existing Year Built: 2001 Tax ID #'s: Zoning: 022092101041 Construction Type: Masonry Building Class: B # of Floors: 1 A /C: No Primary Tenant Hoffman Development Center Type: Strip /Conv Center Listing Agent: Ryan Krzmarzick Phone: (952) 897 -7746 Co- Listing Agent: Eric Rossbach Phone: (952) 897 -7872 .Listing Office: Colliers International /Mpls -St Paul Phone: (952) 897 -7746 Prepared By: Jeffrey Larson List Price: Status: Asset Class: Usting Informatioii $1,599,000 Available Office Days on Market: 603 Building $ /SF: 150.78 . Land, nformation Total Land SF: 55,757 Acres: 1.28 Zoning: B3 PUD Email: Ryan. Krzmarzick @colliers.com Email: Eric.Rossbach @colliers.com City: Minnetonka MN © MNCAR. Some Information contained herein may have been obtained from public records or other sources deemed reliable but is not guaranteed. d9 Page 3 of 5 Cedar View Animal Clinic SalePrice: $700,000 7545 147TH ST W $ /S'F: $124.78 Apple Valley MN 55124 Date Sold: 6/15/2011 Dakota County Research Confirmed: Property Characteristics Total Building SQFT: 5610 Total Building NRA: Southeast Year Built: 1970 Number of Floors: 1 Number of Elevators: $ /SF: Total Office SQFT: B Total Lot SQFT: 41817 Total Acres: 0.959986225895317 Stories: 1 No. of Buildings Sale & financial Information Parcel: 018120003030 Market Area: Southeast Map / Grid: / Property Type: Specialty Office Type: $ /SF: Office Class: B Park Name: $16.74 Number of Buildings: Exchange: Zoning: RB Total Parking: Sale Information financials (Investment): bocumerit Number:.""x- n.._._n .. ..........................Gross' income:-----..."._. .._,.----------- ..___.--- - - -... Sale Price: $700,000 Vacancy %: $ /SF: $124.78 Operating Expense: $ /Land SF: $16.74 Net Oper Income: Exchange: No Cap Rate: Days on Market: Balance: Conditions of Sale: Excise Tax: Record Created: Lender: Prior Sale Financing Notes: Document Number........ , _ , _ . a .... . ........... w ......... . Prior Sale Price: © MNCAR. Some information contained herein may have been obtained from public records or other sources deemed reliable but Is not guaranteed. r Page 25 of 36 1575 Thomas Center Dr SalePrice: $583,000 1575 Thomas Center Dr $ /SF: $46.45 Eagan MN 55122 Date Sold: 2/28/2011 Dakota County Research Confirmed: Property Characteristics Total Building SQFT: Total Building NRA: Year Built: Number of Floors: Number of Elevators: Total Office SQFT: Total Lot SQFT: Total Acres: Stories: No. of Buildings Sale & financial Information 12550 Parcel: 12550 Market Area: Map / Grid: 2 Property Type: Office Type: Office Class: Park Name: Number of Buildings: 2 Zoning: Total Parking: 106582701060 Southeast Office General B Thomas Lake Executive Center 113 Sale Information Financials (investment): ,Document Number: .......... . . ........... .................Gross'l'ncome: ,... ' . _ _ .. _ _ ........ _ . _ ......... _ ... _ „ . u .. , Sale Price: $583,000 Vacancy %: $ /SF: $46.45 Operating Expense: $ /Land SF: Net Oper Income: Exchange: No Cap Rate: Days on Market: Balance: Conditions of Sale: Excise Tax: Record Created: Lender: Prior Sale Financing Notes: _,....._..._'6r. w;.............. .. ............................. Document Number: Prior Sale Price: © MNCAR. Some Information contained herein may have been obtained from public records or other sources deemed reliable but is not guaranteed. Page 14 of 36 1570 Century Point SalePrice: $440,000 1570 Century Point $ /SF: $78.74 Eagan MN 55121 Date Sold: 12/30/2010 Dakota County Research Confirmed: Property Characteristics Total Building SQFT: Total Building NRA: Year Built: Number of Floors: Number of Elevators: Total Office SQFT: Total Lot SQFT: Total Acres: Stories: No. of Buildings Sale & financial Information 5588 Parcel: 101694002020 5588 Market Area: Southeast 1985 Map / Grid: / 2 Property Type: Office $ /Land SF: Office Type: General Exchange: Office Class: B 33106 Park Name: Balance: 0.76 Number of Buildings: Excise Tax: 2 Zoning: Lender: Prior Sale Total Parking: 20 Sale "Information Financials (Investment): Document Number: .......... .......................n..._,__ Gross- lncome:------------------------------------------ Sale Price: $440,000 Vacancy %: $ /SF: $78.74 Operating Expense: $ /Land SF: $13.29 Net Oper Income: Exchange: No Cap Rate: Days on Market: Balance: Conditions of Sale: Excise Tax: Record Created: Lender: Prior Sale Financing Notes: .............. . ...,..,... Document Number: ..................,., Prior Sale Price: © MNCAR, Some information contained herein may have been obtained from public records or other sources deemed reliable but is not guaranteed. 30 Page 10 of 36 MN Valley Town Offices 11970 Portland Ave S Burnsville MN 55337 Dakota County SalePrice: $362,000 $ /SF: $64.28 Date Sold: 12/23/2010' Research Confirmed: Property Characteristics Total Building SQFT: Total Building NRA: Year Built: Number of Floors: Number of Elevators: Total Office SQFT: Total Lot SQFT: Total Acres: Stories: No. of Buildings Sale & financial Information 5632 Parcel: 5632 Market Area: 2002 Map / Grid: 2 Property Type: Vacancy %: Office Type: $64.28 Office Class: 3049 Park Name: 0.07 Number of Buildings: 2 Zoning: Days on Market: Total Parking: 24870001900 Southeast 148/ Office General A Minnesota Valley Town Offices I -1 11 Sale Information Financials (investment): Document Number: .......................................... Gross' Income:---- *.... ". ----------------------------------- Sale Price: $362,000 Vacancy %: $ /SF: $64.28 Operating Expense: $ /Land SF: $118.73 Net Oper Income: Exchange: No Cap Rate: Days on Market: Balance: Conditions of Sale: Excise Tax: Record Created: Lender: Prior Sale Financing Notes: Documert Number: .............. . . . . ............. , ....... . Prior Sale Price: © MNCAR. Some information contained herein may have been obtained from Page 2 of 36 public records or other sources deemed reliable but is not guaranteed. 14420 Glenda Drive 14420 Glenda Drive Apple Valley MN Dakota County Property Characteristics SalePrice: $1,400,000 $ /SF: '$100.56 Date Sold: 10/14/2010 Research Confirmed: 3 Scott Palk Total Building SQFT: 13922 Parcel: 011480001030 Total Building NRA: Gross' Income :............. _ .... _ _ .., ....... _ _ ............ Market Area: Southeast Year Built: 1993 Map / Grid: / Number of Floors: ; Property Type: Office Number of Elevators: Cap Rate: Office Type: Total Building SQFT: 13922 Parcel: 011480001030 Total Building NRA: Gross' Income :............. _ .... _ _ .., ....... _ _ ............ Market Area: Southeast Year Built: 1993 Map / Grid: / Number of Floors: 2 Property Type: Office Number of Elevators: Cap Rate: Office Type: Total Office SQFT: Conditions of Sale: Office Class: B Total Lot SQFT: 69260 Park Name: Prior Sale Total Acres: 1.59 Number of Buildings: Stories: 2 Zoning: LB No. of Buildings Total Parking: Sale & financial Information Sale Information financials (Investment): Document Number:. , .... r .. ............................... Gross' Income :............. _ .... _ _ .., ....... _ _ ............ Sale Price: $1,400,000 Vacancy %: $ /SF: $100.56 Operating Expense: $ /Land SF: $20.21 Net Oper Income: Exchange: No Cap Rate: Days on Market: Balance: Conditions of Sale: Excise Tax: Record Created: Lender: Prior Sale Financing Notes: .,... .,._,,.,..,,._............. ............................... Document Number: Prior Sale Price: © MNCAR. Some information contained herein may have been obtained from Page 21 of 36 public records or other sources deemed reliable but is not guaranteed. 3D Prairie Lutheran Church 670 Diffley Rd Eagan MN 55121 Dakota 'County Property Characteristics Total Building SQFT: Total Building NRA: Year Built: Number of Floors: Number of Elevators: Total Office SQFT: Total Lot SQFT: Total Acres: Stories: No. of Buildings Sale &,financial' Information df` X SalePrice: $1,100,000 $ /SF: $79.14 Date Sold: 8/31/2010 Research Confirmed: 3 ) 13900 Parcel: 102254501020 13900 Market Area: Southeast 1988 y { / 1 df` X SalePrice: $1,100,000 $ /SF: $79.14 Date Sold: 8/31/2010 Research Confirmed: 3 ) 13900 Parcel: 102254501020 13900 Market Area: Southeast 1988 Map / Grid: / 1 Property Type: Specialty $ /Land SF: Office Type: Net Oper Income: Exchange: Office Class: B 194278 Park Name: Balance: 4.46 Number of Buildings: Excise Tax: 1 Zoning: Lender: Prior Sale Total Parking: Financing Notes: Sale Information Financials (Investment): ..,.; .............. Document Number G....ross ... m...Inco..e: . ....................... .------------------ m Sale Price: $1,100,000 Vacancy W $ /SF: $79.14 Operating Expense; $ /Land SF: $5.66 Net Oper Income: Exchange: No Cap Rate: Days on Market: Balance: Conditions of Sale: Excise Tax: Record Created: Lender: Prior Sale Financing Notes: .,,..,,__.._.,Vrw b "r. ........... ...........................,.w. Document Number: Prior Sale Price; © MNCAR. Some information contained herein may have been obtained from Page 18 of 36 public records or other sources deemed reliable but is not guaranteed. 14750 Lac Lavon Dr 14750 Lac Lavon Dr Burnsville MN 55306 Dakota County Property Characteristics Total Building SQFT: Total Building NRA: Year Built: Number of Floors: Number of Elevators: Total Office SQFT: Total Lot SQFT: Total Acres: Stories: No. of Buildings Sale & financial Information SalePrice: $855,000 $ /SF: $86;93 Date Sold: 7/12/2010 Research Confirmed: s Park 9836 Parcel: 021809001012 9836 Market Area: Southeast 1998 Map / Grid: / 2 Property Type: Office $ /Land SF: Office Type: General Exchange: Office Class: A 60984 Park Name: Balance: 1.4 Number of Buildings: Excise Tax: 2 Zoning: Lender: Prior Sale Total Parking: 30 Sale Information Financials (Investment): Documert Number:..m"" ............. n,..... ....,_..,__,...GrossMlncome : - -- ----------------------------------------- Sale Price: $855,000 Vacancy %: $ /SF: $86.93 Operating Expense: $ /Land SF: $14.02 Net Oper Income: Exchange: No Cap Rate: Days on Market: Balance: Conditions of Sale: Excise Tax: Record Created: Lender: Prior Sale Financing Notes: ... .. ... '6r. ,"r..,..,_.,,. u. ........_....,.........,....... Document Number: Prior Sale Price: © MNCAR, Some information contained herein may have been obtained from Page 6 of 36 public records or other sources deemed reliable but is not guaranteed. 31 Eagan Professional Building t ovation 1121 Town Centre Market Area: Southeast Eagan MN 55121 Building Status: Existing DakotaCounty Cross Street:aaa Property Information Building Information Tax ID #'s: 107706801010 Total Building SF: 18,900 Total Land SF: 75,794 Spacnforma ttanfQiu�tO5(>ltsttng$$.�g Net Rentable Area: 18,900 Acres, Zoning: 1,74 (Office) Largest Contiguous SF: 2,775 Investment: No Year Built: 2001 Owner User: No Email: Building Class: B Rent Max: $12.00 /sf S `stainablility /,Green B ilding # of Floors: 2 Taxes: 4.80 LEED Cert: No A /C: Yes Op Expenses: 2.74 Energy Star Cert: No JBL Companies Entire Floor: No Avail SF; 2,775 Spacnforma ttanfQiu�tO5(>ltsttng$$.�g 01, ,_.'.. ..., . _ ., ... Asset Class: Office Days on Mkt: 1932 Tammy Brown Lease Type: Net Rent Min: $12.00 /sf Email: tammyb @jblcompanies,com Status: Available Rent Max: $12.00 /sf Direct Phone: (651) 361 -8327 Floor: 1 Taxes: 4.80 Office Phone: (651) 686 -0212 Suite: 205 Op Expenses: 2.74 Company: JBL Companies Entire Floor: No Avail SF; 2,775 Exclusions: Sub Lease: No Vacant SF: 2,775 Last Modified: 7/9/2012 Move In: Now Divide To SF: 2,775 Showing Inst: Call Agent Ustm` Broker.Comments: - ._ .:_ ..._.__.___... _ ...... 1 k . Public Listing Comments: Beautiful Medical building in great location. 5025 sq feet available. @ MNCAR. Some Information contained herein may have been obtained from public records or other sources deemed reliable but is not guaranteed, S- Page 1 of 5 Sustainablility)Gi4i LEED Cert: No Energy Star Cert: No Thomas Lake Executive Center 1585 Thomas Center Dr Eagan MN 55122 DakotaCoujty Building InforMatid Total Building SF: 5,675 Net Rentable Area: 5,675 Largest Contiguous SF: 2,315 Year Built; 2004 Building Class: B # of Buildings: I # of Floors: I A/C: Yes Asset Class: Location Market Area: Southeast Building Status: Existing Pro Tax ID #'s: 106582701040 Investment: Yes Owner User: Yes Owner: Lovering Johnson Anchors: Allstate Asset Class: Office Days on Mkt: 519 Tom Baker Lease Type: Net Rent Min: $12.00 /sf Email: tom@kwcmidwest.com Status: Available Rent Max: $12.00 /sf Direct Phone: (651) 262-1100 Date Avail: 2/7/2011 Avail SF: 2,315 Office Phone: (651) 379-2800 Floor: I Vacant SF: 2,315 Company: KW Commercial Midwest Suite: 100 Divide To SF: 1,115 Exclusions: Entire Floor: No Last Modified: 5/24/2012 Sub Lease: No Move In: Now Showing Inst; Call Agent i x 71 Public Listing Comments: MNCAR, Some Information contained herein may have been obtained from public records or other sources deemed reliable but Is not guaranteed. E Page 2 of 5 Oak Cliff Place Existing J 4640 Nicols Rd Tax ID #'s: Eagan MN 55122 Total Land SF: Dakota County _. ......, ......... Building Information; Total Building SF: 14,9600 Net Rentable Area: 14,960 Largest Contiguous SF: 1,281 Building Class: A # of Floors: 2 # of Elevators 1 A /C: No Building Status: Existing J Property Information Tax ID #'s: 105357001010 Total Land SF: 85,377 Acres: 1.96 Zoning: Office Investment: No Owner User: No Owner: Oak Cliffe Place LLC Anchors: Oak Cliff Dental y Info'rrnatl in 5u�te 101(iL�s mg 92ti915 },._ ;y n'a 3jy P-- .or Asset Class: Office Days on Mkt: 897 Roz Peterson Lease Type: NNN Rent Min: $14.00 /sf Email: rozp @cerron.com Status: Available Rent Max: $14.00 /sf Direct Phone: (952) 469 -9444 Floor: 1 Op Expenses: 9.60 Office Phone: (952) 469 -9444 Suite: 101 Avail SF 1,281 Company: Cerron Commercial Properties Entire Floor: No Vacant SF: 1,281 Exclusions: Sub Lease: No Divide To SF 700 Last Modified: 5/1/2012 Showing Inst: Call Agent On site management in Class A medical office space very convenient to I -35E, Cedar & Cliff. Great building for chiropractor or law office. Public Listing Comments: Built out as executive office, reception and large conference room right off main entrance on first floor Space InfQriia #iohfor Suite 200,L sting #1081 5� Asset Class: Office Days on Mkt; 511 Roz Peterson Lease Type: NNN Rent Min: $14.00 /sf Email: rozp @cerron,com Status: Available Rent Max: $14,00 /sf Direct Phone: (952) 469 -9444 Floor: 2 Op Expenses: 9.60 Office Phone: (952) 469 -9444 Suite: 200 Avail SF: 604 Company: Cerron Commercial Properties Entire Floor: No Vacant SF 604 Exclusions: Sub Lease: No Divide To SF: 604 fast Modified: 5/1/2012 Move In: Now management in Class A medical office space very convenient to I -35E, Cedar & Cliff, Great building for chiropractor or Public Listing Comments: 2 private offices with open area, Big windows overlooking oak trees in main office. Across from elevator. $700 /month base rent @ MNCAR. Some Information contained herein may have been obtained from public records or other sources deemed reliable but is not guaranteed. 31 Page 3 of 5 Bremer Bank - Eagan 1995 Rahncliff Ct Eagan MN 55122 DakotaCounty _ - ^TBw,idkrtg Information Total Building SF: 11,402 Net Rentable Area: 11,402 Largest Contiguous SF: 5,461 Year Built: 1989 Construction Type: Masonry Building Class: B # of Buildings: 1 # of Floors: 2 # of Elevators 1 A /C: No Market Area: Southeast Building Status: Existing Property Information Tax ID #'s: 106272601010 Total Land SF: 50,094 Acres: 1.15 Zoning: PD (Planned Rent Min: Development) Investment: No Owner User: No Owner: Bremer Bank National Anchors: Bremer Bank @ MNCAR. Some information contained herein may have been obtained from Page 4 of 5 public records or other sources deemed reliable but is not guaranteed, 30 i �, Asset Class: Office Days on Mkt: 298 Sherry Hastings Lease Type: Net Rent Min: $5.50 /sf Email: sherry.hastings @frauenshuh.com Status: Available Rent Max: $6,50 /sf 2nd Agent Ross Hedlund Floor: Second Taxes: 4.15 Email: ross.hedlund @frauenshuh,com Entire floor: No Op Expenses: 7.39 Direct Phone: (952) 829 -3468 Sub Lease: No Avail SF 5,461 Office Phone: (952) 829 -3480 Move In: Now Vacant SF: 5,461 Company: Frauenshuh, Inc Showing Inst: Call Agent Divide To SF: 2,000 Exclusions: Last Modified: 7/9/2012 i,istroker Contlielnnts Public Listing Comments; Easy access to I -35E and Cliff Road Coveniently located near hotels, restaurants, and retail locations On -site bank and ATM machine - Free parking Shared Conference Room " After hours access via key entry - Professional image @ MNCAR. Some information contained herein may have been obtained from Page 4 of 5 public records or other sources deemed reliable but is not guaranteed, 30 Y c a. Area Maps Area Maps jirfz ;� r Area Maps OF �\ - . .. ......... Aerial Photos Bird's Eye Photos Bird's Eye Photos Flood Plain Map L�(O PROPERTY ADDRESS: STDBOMIN-6am 3795 +Pilot+ Knob +Rd %2C+ Eagan %2C +MN +55122 %2C +United+ D•SOURCE States %OD %OA FLOODS rr 1999 -2012 SourceProse Corporation, All rights reserved. Protected by U.S. Patent Numbers 6631326, 6678615, 6842698, and 7038681. IA� 70701E North _ _... f iiY Or EAGAN * 037CO08SE 7037 0 (1E 7037CO096E *27037001 6E 12Cr�t�11 l.€ FLOODSCAW .......... Flood Hazards Map Map Number I. 27037CO085E a I� Effective Date , December 2, 2011 t li I : ' Flood Legend E: - )j -- High flood risk I ElModerate flood risk Low flood risk This report makes no representations or warranties concerning its content, accuracy or completeness. I`. CITY fit: APPLE VALLEY � STDBonline.com 469.574.1234 ,.....WOO' 9OC 12000 ll � +�I 6 Powered by FloodSource 877.77.FLOOD ! � www.floodso�rce.com li � � 1999 -2012 SourceProse Corporation, All rights reserved. Protected by U.S. Patent Numbers 6631326, 6678615, 6842698, and 7038681. IA� Dakota County Tax Data Mi ,o m =. „ Property Card"', Parcel ID Number 10- 01600 -80 -020 Fee Owner CITY OF EAGAN Mailing Address 3830 PILOT KNOB RD F SAINT PAUL MN 55122 -1810 Last Qualified Sale Sala Value Uses $0,00 _ COMMERCIAL - PREFFERED Total Acres 2.10 R/W Acres 0.87502551 Acres ;Plat SECTION 16 TWN 27 RANGE 23 Lot and Block 16 27 23 [ € S 426 FT OF E 214.5 FT OF SE 1/4 SUBJ TO HWY [ Tax Description ESMNT PARCEL 48 CTY R/W MAP 25 ?2012 Land Values (payable 2013) '2012 Building Values (payable 2013) _ .... _._.._._ °2012 Total Values (payable 2013) 2011 Total Values (payable 2012) $266,700.00 $652,400.00 $919,100.00 $0.00 Estimated $266,700.00 $652,4_00.0_0 $919,100.00 $875,000.00 Disclaimer Map and parcel data are believed to be accurate, but accuracy is not guaranteed. This is not a legal Wednesday, June 13, 2012 Dakota County, MN Page 1 of 2 ILA� Zoning Information 5E) Zoning Information The property is currently zoned PF- Public Facility. Leger d Zoning'Dasignotiona E F tsafa ],RD- Rasenr hand Davelotuawt R- 1- Res{tenttat Single .Fan?il+/ 13P- D4PShm? Park R-18-Small Lot Single Fttn'l Y T- 1->rrnlPied IndtAatnt§[ R- 2- Residential Double P -Perk R - -i2€ sirtetits it l'cnvnhottse PF- Public Facility R4- Residenliet Multiple PD- Planned Developrne ?t Lb ta'anited Business A -Agr €culture NONeighborhoxi BuglanSY Pani3itienal t�B' GaneralBusiness t:SC. Cornnvn1iy Shoppfrg Center n Water GOD- Ce{larGrove DistriCt n Right ofWay (1 Traffic Count Map 5a an{rt`Pe�l1i fire Prepared by Jeffrey Larson 3795 Pilot Knob Rd, Eagan, MN 55122, United States Lcrtilmde; 44,811D)5 Ring; 1, 3, 5 Miles Lo ib wz ll fie. .93,1677 -11 Average DaftyTraffic Voldhio, _Up to 6,00 vehiclos. per 414,y x6g001 � Is doo '& fSr001 « 30,000 40y001= #0 ;060 ao'aw - 100,000' AA10te than ~100,000, per °Oay' Source: ©2011. MPSI (Market Planning Solutions Inc,) Systems Inc„ d,b,a, palaMetrix@ June 15, 2012 r�;. 2012 Esrl 53 f Traffic Count Profile Prepared by Jeffrey Larson fire 3795 Pilot Knob Rd, Eagan, MN 55122, United States Ring: 5 miles radius Latitude: 44.81955 Longitude: - 93.16774 Distance: Street: Closest Cross - street: Year of Count: Count: 0.11 Wescott Rd Civic Center Dr (0.05 miles E) 1998 7,258 0.22 Wescott Rd Dresden Way (0.03 miles W) 2007 7,000 0.22 Pilot Knob Rd Rocky Ln (0.06 miles S) 1993 16,500 0.30 Pilot Knob Rd Englert Rd (0.09 miles S) 2007 22,200 0,32 Blackhawk Lake Dr Blackhawk Ridge Ct (0.04 miles N) 1993 47,000 0.41 Wescott Rd Denmark Ave (0.1 miles E) 1993 6,714 0,48 Pilot Knob Rd Duckwood Dr (0.05 miles N) 1998 13,000 0.48 Denmark Ave Denmark Trl W (0.04 miles NW) 1998 2,885 0.51 Denmark Ave Deercliff Ln (0.03 miles N) 2007 1,850 0.52 Denmark Ave Timbershore Ln (0.03 miles N) 2007 4,150 0.53 Duckwood Dr Crestridge Dr (0.02 miles W) 2007 6,700 0.53 Wescott Rd Denmark Ave (0.04 miles SW) 2007 6,900 0.53 Duckwood Dr Krestwood Ln (0.03 miles E) 2007 18,600 0.54 Deerwood Trl Deerwood PI (0.07 miles SW) 2007 6,400 0.54 Deerwood Dr Pilot Knob Rd (0,08 miles W) 2007 1,500 0.59 Denmark Ave Duckwood Dr (0,03 miles N) 1998 3,951 0.59 Duckwood Dr Denmark Ave (0,05 miles E) 2007 8,300 0.60 Ashbury PI Ashbury Rd (0.03 miles W) 1990 247 0,61 Ashbury Rd Blackhawk Hills Rd (0.03 miles S) 1990 1,079 0.62 Pilot Knob Rd 1- 35 (0.08 miles N) 2007 32,000 0.62 Federal Dr Violet Ln (0.05 miles S) 2007 2,750 0.62 Denmark Ave Duckwood Dr (0.01 miles S) 2002 7,800 0.63 Duckwood Dr Denmark Ave (0,03 miles W) 2007 8,300 0.64 Ashbury Rd Ashbury PI (0,04 miles S) 1990 834 0.65 Ashbury PI Ashbury Rd (0.03 miles E) 1990 960 0.66 Denmark Ave Deerridge Ct (0.0 miles ) 1998 976 0.66 Town Centre Dr Duckwood Dr (0.1 miles S) 2007 11,700 0.69 Duckwood Dr Forest Ridge Trl (0.04 miles W) 2002 9,000 0.73 Ashbury PI Ashbury Rd (0.13 miles SE) 1990 335 0.79 Federal Dr Surrey Heights Dr (0.04 miles N) 1998 3,889 Data Note:The Traffic Profile displays up to 30 of the closest available traffic counts within the largest radius around your site. The years of the counts in the database range from 2011 to 1963, Just over 68% of the counts were taken between 2001 and 2011 and 86% of the counts were taken in 1997 or later. Traffic counts are identified by the street on which they were recorded, along with the distance and direction to the closest cross - street. Distances displayed as 0.00 miles (due to rounding), are closest to the site. A traffic count is defined as the two -way Average Daily Traffic (ADT) that passes that location. Source: ©2011 MPSI Systems Inc. d.b.a. DataMetrix® ©2011 Esd 6/1512012 Page 1 of 1 5� 77 fire Prepared by Jeffrey Larson 3795 Pilot Knob Rd, Eagan, MN 55122, United States Latitude; 44X1955 Ring: 1, 3, 5 Miles Longitude: 931.16774 Aver,00 D611Y Traffla Volmme AQp to 0,000 Vehicles per troy A00 - 14,066 &MOO1 - 30,000 Aaoiool • 50jO60 A-40,001 - 100,00: Amato than 100,00 per 444 Source. @2011 MPSI (Market Planning Solutions Inc.) Systems Inc, d.b.a. DataMetrlx@ June 15, 2012 i 2 Bn 55- Demographic Study 50 f 3795 3795 Pilot Knob Rd, Eagan, MN 55122, United States Ring: 1 mile radius Households (17 2010 Population by Age . . . . . . . . . . . . . . . I .......... I . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2010 Employed 16+ by Occupation %) (7 2.5 %) Graphic Profile Prepared by Jeffrey Larson Latitude: 44.81955 Longitude: - 93.16774 2010 Households by Income $150K+ (19.4 %) (28.7 %) <$15K (1.7 %) $15K -$25K (4.0 %) $25K -35K (4.3 %) $35K-$50K (10.1 %)1 $75K -100K (15.1 (16.8 %) 2010 Owner Occupied HUs by Value (8.2 %) $500K+ (6.6 %) —<$100K(3.3%) 2010 Population by Race 199K (28.7 %)l 2010 Percent Hispanic Origin: 3.2% Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. Esrl forecasts for 2010 and 2015. 02011 Esri 6/14/2012 Page 1 of 1 5`1 ': �'►'6ai ♦i 3795 3795 Pilot Knob Rd, Eagan, MN 55122, United States Ring: 3 miles radius Households 2010 Population by Age 2010 Employed 16+ by Occupation Graphic Profile Prepared by Jeffrey Larson Latitude: 44.81955 Longitude: - 93.16774 2010 Households by Income 2010 Owner Occupied HUs by Value 2010 Population by Race 2010 Percent Hispanic Origin: 4.0% Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. Esri forecasts for 2010 and 2015. ©2011 Esri '5b 611412012 Page 1 of 1 3795 3795 Pilot Knob Rd, Eagan, MN 55122, United States Ring: 5 miles radius Households 2010 Population by Age 2010 Employed 16+ by Occupation 0 %) <5 (7 ) (21.7 %) Graphic Profile Prepared by Jeffrey Larson Latitude: 44.81955 Longitude: - 93.16774 2010 Households by Income 2010 Owner Occupied HUs by Value 2010 Population by Race ;5.2 %) +(4.8%) 100K (5.' (35.4 %) 2010 Percent Hispanic Origin: 4.6% Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. Esri forecasts for 2010 and 2015. ©2011 Earl E�9 6/1412012 Page 1 of 1 r p.41. fire Prepared by Jeffrey Larson 3795 Pilot Knob Rd, Eagan, MN 55122, United States, Ladt:ude; 44,8195496 Ring; 1 mile radius Longitude 93,1677399 &ummary ' 2010 2011 2016 Population 8,131 8,149 8,462 Households 3,095 3,109 3,273 Families 2,172 2,179 2,270 Average Household Size .2.61 2.60 2.57 Owner Occupied Housing Units 2,401 2,375 2,492 Renter Occupied Housing Units 694 734 781 Median Age 38.6 38.7 38,8 Trends: 2011 `- 20i6 Annual Rate Area: State ' N3atio "na'I Population 0,76% 0.48% 0,67% Households 1,03% 0,60% 0.71% Families 0.82% 0.44% 0.57% Owner HHs 0.97 % 0.70% 0.91% Median Household Income 2.62% 3.09% 2.75% 2011 2016' s , _ Households by Income , Number, Percent Number . Percent <$15,000 65 2,1% 56 1.7% $15,000 - $24,999 178 5.7% 133 4,1% $25,000 - $34,999 2`17 7.0% 152 4,6% $35,000 - $49,999 329 10.6% 257 7.9% $50,000 - $74,999 550 17,7 %o- 511 15,6% $75,000 - $99,999 443 14,3% 578 17,7% $100,000 - $ 149,999 699 22,5% 864 26,4% $150,000 - $199,999 359 11.6% 436 13.3% $200,000+ 268 8,6 % 286 8,7% Median Household Income $85,355 $97,140 Average Household Income $105,224 $119,205 Per Capita Income $40,875 $46,933 2010 2011 2016' b Population,y <Age Number Percent Number Percent' Number Percent " 0 - 4 515 6.3% 507 6.2% 534 6,3% 5 - 9 573 7.0% 571 7.0% 585 6.9% 10- 14 586 7.2% 583 7.2% 600 7.1% 15- 19 528 6,5% 525 6,4% 506 6,0% 20- 24 418 5.1% 421 5,2% 427 5,0% 25- 34 1,051 12,9% 1,059 13.0% 1,140 13.5% 35-44 1,139 14.0% 1,136 13.9% 1,129 13.3% 45- 54 1,491 18.3% 1,484 18.2% 1,403 16.6 % 55- 64 1,088 13,4% 1,106 13.6% 1,227 14.5% 65- 74 447 515% 460 5,6% 587 6.9 % 75- 84 203 2,5% 206 2,5% 222 2.6% 85+ 90 1,1% 91 1,1% 103 1.2% -01:Q y2011 2016 Race and Ethnicity Number= Percent Numb -er' Percent' Number Percent White Alone 6,531 80.3% 6,535 80.2% 6,556 77,5% Black Alone 387 4,8% 390 4,8% 486 5.7% American Indian Alone 22 0,3% 22 0,3% 23 0.3% Asian Alone 877 10.8% 880 1018% 997 11.8% Pacific Islander Alone 0 010% 0 0.0% 0 0,0% Some Other Race Alone 111 14% 116 1.4% 154 1.8% Two or More Races 203 2.5% 207 2,5% 247 2.9% Hispanic Origin (Any Race) 319 3.9% 337 4,1% 462 5.5% Data Note: Income Is expressed In current dollars, Source: U.S. Census Bureau, Census 2010 Data, EsrI forecasts for 2011 and 2016, June 15, 2012 -,.;2012 E�,ri (00 -"Igo 7. or fire Prepared by Jeffrey Larson 3795 Pilot Knob Rd, Eagan, MN 55122, United States, Latitude; 44,8195496 Ring: 1 mile radius Longitude; -.93,1677399 Trends 2011-2016 3 2.8 - 2.6 QC: 2.4 P 2.2 Q) CL 2 C 1.8 2011 Household Income $75K - $99K 14.3% 950K - 174K $-- - zp—' 22.5% 10-14 15-19 20-24 25-34 35-44 $35K -$49K 10.6% Source: U.S. Census Bureau, Census 2010 Data, Esri forecasts for 2011 and 2016. June 15, 2012 Pr',g, 2 of 6 2011 Population by Race 80- 75- 70- K - $34K 7.0% 65- 60- $15K - $24K 55- 5.7% 50- <$15K 41 45- 40- 35- 30- $200K+ 25- 8.6% 20- 15- 10- $199K 6% 5- Min 0- White Black Am. Ind. Asian Pacific Other Two+ 2011 Percent Hispanic Origin: 4.1% Source: U.S. Census Bureau, Census 2010 Data, Esri forecasts for 2011 and 2016. June 15, 2012 Pr',g, 2 of 6 9 io fire Prepared by Jeffrey Larson 3795 Pilot Knob Rd, Eagan, MN 55122, United States, LaUt:u€ e,: 44,8195496 Ring: 3 mile radius Longitude: 9M677399 Sufmmary .., 2010 2011 _. Population 56,026 56,197 58,322 Households 22,500 22,576 23,693 Families 14,695 14,765 15,328 Average Household Size 2.48 2.48 2.45 Owner Occupied Housing Units 16,301 16,058 16,908 Renter Occupied Housing Units 6,199 6,517 6,785 Median Age 36.9 37.0 37.2 Trerids:.201i - 2016 Annualta�te Area State Natio`Ral , Population 0.75% 0.48% 0.67% Households 0.97 % 0.60 % 0.71% Families 0.75% 0.44% 0.57% Owner HHs 1.04% 0.70% 0191!% Median Household Income 2.43% 3.09% 2.75% s 2011 2016' Ho.0 "seholdsbVIncome i urriber Percent'! Number Percent <$15,000 1,058 4.7% 973 4.1% $15,000 - $24,999 1,032 4.6% 777 3.3% $25,000- $34,999 1,473 6.5% 1,063 4,5% $35,000 - $49,999 2,897 12.8% 2,264 9.6% $50,000 - $74,999 4,574 20.3% 4,332 18.3% $75,000 - $99,999 3,664 16.2% 4,642 19.6% $100,000 - '$149,999 4,541 20.1% 5,375 22.7 % $150,000 - $199,999 1,864 8.3% 2,540 10.7% $200,000+ 1,474 6.5% 11726 7.3% Median Household Income $76,270 $86,006 Average Household Income $94,397 $108,751 Per Capita Income $37,880 $44,127 2010 2011' 2016' Pop�latwii' by Age Number Percent Number Percent Number Percent 0 - 4 3,507 6.3% 3,461 6.2% 3,627 6.2% 5-9 3,637 6,5% 3,636 6.5 % 3,743 6.4% 10- 14 4,050 7.2% 4,053 7.2% 4,242 7.3% 15- 19 3,,941 7.0% 3,939 7.0 % 3,844 6;6% 20-24 3,321 5.9% 3,347 6.0% 3,369 5.8% 25-34 8,190 14.6 %a 8,218 14.6% 8,701 14.9% 35-44 7,688 13.7% 7,660 13.6% 7,617 13.1% 45-54 10,477 18.7% 10,455 18.6% 9,978 17.1% 55-64 6,721 12.0% 6,839 12.2% 7,654 13.1% 65- 74 2,712' 4.8% 2,790 5.0% 3,566 6.1% 75-84 1,289 2.3% 1,299 2.3% 1,412 2.4% 85+ 493 0;9% 498 0.9% 569 1.0% 2016" 2011' 2016 Race and Ethnicity „ x Number Percent,. Number Percent Number Percent White Alone 45,659 81.5% 45,743 81.4% 45,929 78.8% Black Alone 3,057 5.5% 3,078 5.5% 3,830 6.6% American Indian Alone 184 0.3% 185 0.3% 200 0.3% Asian Alone 4,514 8.1% 4,503 8.0% 5,045 8.7% Pacific Islander Alone 26 010% 26 0.0% 27 0.0% Some Other Race Alone 957 1.7% 1,013 1.8 % 1,345 2.3% Two or More Races 1,630 2.9% 1,650 2.9% 1,946 3.3% Hispanic Origin (Any Race) 2,577 4.6% 2,730 4.9% 3,749 6.4% Data Note: Inca ne is expressed In current dollars. Source: U.S. Census Bureau, Census 2010 Data. Esri forecasts for 2011 and 2016. June 15, 2012 "i"' . 0 12 E s I i -1 c3 :3 of 6 fire Prepared by Jeffrey Larson 3795 Pilot Knob Rd, Eagan, MN 55122, United States, Latitude: 44,819549(3 Ring: 3 mile radius Longitude: 93,1(577399 Trends 2011-2016 Population by Age 2011 Population by Race 2.8- 2.6- 18- 2.4- .5% 12 2.2- $15K - $24K CL 2- 16- 55- <$15K 1,6- 4,7% 1.4- 14- a 1.2- 35- $200K+ C 0.8 Area 0.6 State 0.4- 50K - $199K 15- IM USA 0.2- 10 0- Population Households Families Owner HHs Median HH Income Population by Age 2011 Population by Race 80- 75- 18- 70- .5% 65- $15K - $24K 60- 16- 55- <$15K 50- 4,7% 41 45- 14- 40- 35- $200K+ 30- 12- 25- 20- 50K - $199K 15- 4.1 10 5] 10- U CL 8— 6- 4- 02011 Lq 2016 0- al 0-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+ 2011 Household Income $50K - $ 20.30/ $75K - $99K 16.2% $35K - $49K 12.8% $100K -$149K 20.1% 2011 Percent Hispanic Origin: 4.9% Source: U.S. Census Bureau, Census 2010 Data. Esri forecasts for 2011 and 2016. June 15, 2012 2011 Population by Race 80- 75- - $34K 70- .5% 65- $15K - $24K 60- 4.6% 55- <$15K 50- 4,7% 41 45- 40- 35- $200K+ 30- 6.5% 25- 20- 50K - $199K 15- 8.3% 10 5] 2011 Percent Hispanic Origin: 4.9% Source: U.S. Census Bureau, Census 2010 Data. Esri forecasts for 2011 and 2016. June 15, 2012 fire Prepared by Jeffrey Larson 3795 Pilot Knob Rd, Eagan, MN 55122, United States, Ladt * LOP-: 44,8195496 Ring; 5 mile radius Longitude 93,1677399 Data Note: Incorne Is expressed In current dollars, Source: U,S, Census Bureau, Census 2010 Data, Esri forecasts for 2011 and 2016. June 15, 2012 Surrtm`aYy -.2 201 04 Population 116,803 117,001 120,309 Households 45,361 45,450 47,212 Families 30,876 30,980 31,893 Average Household Size 2.56 2.56 2.54 Owner Occupied Housing Units 33,934 33,428 34,889 Renter Occupied Housing Units 11,427 12,022 12,323 Median Age 37.7 37.8 38.1 Trends 2011". 2 0 16 n nu ' a L. hate P 4reii Stage - at onal Population 0.56% 0,48% 0.67% Households 0.76% 0.60% 0.71% Families 0.58% 0.44% 0.57% Owner HHs 0.86% 0.70% 0.910/0 Median Household Income 2.54% 3.09% 2.75% 2011 2016 Households by Income - 'Numb er Percent e Number Percent <$15,000 2,297 5,1% 2,104 4.5% $15,000 - $24,999 2,194 4.8% 1,629 3.5% $25,000- $34,999 3,231 7.1% 2,326 4.9% $35,000 - $49,999 5,560 12.2% 4,340 9.2% $50,000 - $74,999 8,633 19.0% 8,081 17.1% $75,000 - $99,999 7,153 15.7% 8,875 18.8% $100,000 - $149,999 9,159 20.2% 10,418 22.1% $150,000 - $199,999 4,017 8.8% 5,591 11.8% $200,000+ 3,206 7.1% 3,847 8.1% Median Household Income $77,115 $87,399 Average Household Income $95,802 $111,719 Per Capita Income $37,361 $43,984 2010 2011 2016 ... ....... Population by Age Number: Percent Number Percent Number Percent 0-4 7,453 6.4% 7,348 6.3% 7,622 6.3% 5 - 9 7,934 6.8% 7,922 6.8% 8,074 6,7% 10- 14 8,611 7.4% 8,610 7.4% 8,908 7.4% 15- 19 8,293 7,1% 8,270 7,1% 7,964 6.6% 20- 24 6,517 5.6% 6,555 5.6% 6,511 5.4% 25- 34 15,597 13.4% 15,628 13.4% 16,374 13.6% 35-44 15,707 13.4% 15,643 13.4% 15,405 12.8% 45- 54 21,346 18.3% 21,250 18.2% 20,054 16.7% 55-64 14,450 12.4% 14,673 12.5% 16,218 13.5% 65- 74 6,437 5.5% 6,622 5,7% 8,342 6.9% 75- 84 3,225 2.8% 3,240 2.8% 3,449 2.9% 85+ 1,234 1.1% 1,241 1.1% 1,385 1.2% : 2010 2011 2016 'Race and Ethnicity Np'M'ber Percent Number Percent Number Percent White Alone 95,049 81.4% 95,105 81.3% 94,795 78.8% Black Alone 7,230 6,2% 7,231 6.2% 8,602 7.2% American Indian Alone 401 0.3% 403 0.3% 428 0.4% Asian Alone 7,757 6.6% 7,736 6.6% 8,596 7,1% Pacific Islander Alone 76 011% 76 0.1% 78 0.1% Some Other Race Alone 2,850 2.4% 2,985 2.6% 3,809 3.2% Two or More Races 3,439 2.9% 3,466 3.0% 4,001 3.3% Hispanic Origin (Any Race) 6,331 5.4% 6,650 5.7% 8,781 7.3% Data Note: Incorne Is expressed In current dollars, Source: U,S, Census Bureau, Census 2010 Data, Esri forecasts for 2011 and 2016. June 15, 2012 �w fire Prepared by Jeffrey Larson 3795 Pilot Knob Rd, Eagan, MN 55122, United States, Ladtude: 44 ,8195496 Ring: 5 mile radius Longitude: -93,1677399 Trends 2011 -2016 C 2.4 2,2 v a 2 c: 1.8 1.6 1,4 CZ 1,2 � 1 C 0.8 Q 0.6 0.4- Fa n HH Income Area State USA Population by Age 2011 Population by Race 80 18 75 ' $34K 16 - - 14 55 $15K - $24K 60 12 v 10 <$15K 50 a� 45 2 40 v s . a 35 : $200K+ 30 7.1% 25 - _ 6 20 15 OK -$199K 10 : 8.8% 4 a 2011 0 Whlte Black Am, Ind, Asian Pacific Other Two+ 4 2016 2011 Percent Hispanic Origin: 5,7% I 0 0 -4 5 -9 10-- 4 15 -19 20 -24 25 -34 35 -44 45 -54 55 -64 65 -74 75 -84 85+ 2011 Household Income $50K - $ 19.0 $75K - $99K 15.7% $35K -$49K 12.2% $100K - $149K 20,2% Source: U.S. census Bureau, Census 2010 Data. Esri forecasts for 2011 and 2016. June 15, 2012 2011 Population by Race 80 75 ' $34K 70 55 $15K - $24K 60 55 <$15K 50 a� 45 2 40 a 35 : $200K+ 30 7.1% 25 - _ 20 15 OK -$199K 10 : 8.8% 5 - 0 Whlte Black Am, Ind, Asian Pacific Other Two+ 2011 Percent Hispanic Origin: 5,7% Source: U.S. census Bureau, Census 2010 Data. Esri forecasts for 2011 and 2016. June 15, 2012 Agenda Information Memo Finance Committee Meeting November 16, 2012 IV. REVIEW OF COMMERCIAL DEVELOPMENT STANDARDS ACTION TO BE CONSIDERED: To make a recommendation to the City Council regarding next steps relative to the City's approach to development expectations for property in the Central Commons Area. FACTS: At the Council listening session on September 4, 2012, brief discussion was held regarding commercial development standards that might be considered in the Central Commons special area. The matter was referred to the Finance Committee to identify the issues that may need to be addressed and any process steps in that regard and to provide information to the Council about both at a future date. The Committee considered the matter at its meeting on September 24, 2012, and concurred with the City Attorney's suggestion that no discussion of the matter would be in order while CSM had a pending development action before the City. Since that time, CSM has withdrawn that application and the City Council was advised of this fact. With no applications pending in the area, the Committee may now return to the original topic, which is whether the City would benefit by a Council discussion of the desirable features of a reuse of the Lockheed Martin property for a use or uses different from the current Major Office designation of the site. If so, the next question would be by what process or in what format would such a discussion be most productive. ATTACHMENTS: Information will be distributed and reviewed at the Committee meeting. N9