IT'S 515 AND I THINK WE CAN WE'VE GOT A QUORUM SO I'LL CALL THE MEETING TO ORDER . THE FIRST THING I WAS GOING TO DO ON THE I NEED TO SUMMARIZE
. OKAY, READY? YES. THAT WAS IT RIGHT. OKAY. THE FIRST THING I WAS GOING TO DO BY THE WAY IS JUST CONGRATULATE COMMISSIONER NELSON ON HIS REELECTION BUT
WE'LL WAIT TILL IT COMES IN. SO THE FIRST ITEM ON THE AGENDA THEN IS WE'VE GOT SOME MINUTES TO APPROVE. SO I WOULD ENTERTAIN MOTIONS FOR THEIR APPROVAL.
MR. PRESIDENT, I MOVE THAT THE MINUTES OF OCTOBER 24TH TO 21ST 2025 BE ADOPTED. DO WE HAVE A SECOND FOR MOTION MADE AND SECOND DO WE HAVE ANY FURTHER DISCUSSION OR
CORRECTIONS? IS THAT ALL IN FAVOR? PLEASE SIGNIFY BY SAYING I I OPPOSED MOTION CARRIES FIVE ZERO THE NEXT ONE IS THEN KIND
OF A FUN ONE WHICH IS RESOLUTION ACCEPTING A YOUTH AT WORK COMPETITIVE GRANT SO WE'RE IS GOING TO DO THAT WE ALWAYS ARE HAPPY TO HAVE YOU
TALK ABOUT BRINGING MONEY TO US WORSEN THIS ON AND EVERYBODY HEAR ME GOOD EVENING PRESENT ADDICKS ERICKSON AND MEMBERS OF THE COMMISSION.
MY NAME IS WATSON I OVERSEE OUR GROUP IN BLOOMINGTON INTERNSHIP PROGRAM AND I'M JUST GOING TO QUICKLY INTRODUCE THE RESOLUTION TO ACCEPT THE YOUTH WORK GRANT FROM THE MINNESOTA DEPARTMENT
OF ECONOMY OF EMPLOYMENT ECONOMIC DEVELOPMENT. THIS GRANT IS FOR ENTITIES OR ORGANIZATIONS THAT PROMOTE CAREER PATHWAYS THAT SUPPORT SUMMER AND YEAR LONG
INTERNSHIPS. SO THAT INCLUDES OUR BLOOMING BLOOMINGTON INTERNSHIP PROGRAM. IF YOU CAN GO TO THE NEXT
SLIDE SO CAN I CAN I DO IT BECAUSE THE OH, THERE WE GO. THANK YOU. YEAH. AGAIN THIS IS FOR OUR INTERNSHIP PROGRAM.
WE APPLIED BACK IN MARCH AND WE'RE AWARDED THE GRANT THIS PAST JULY. SO JULY 1ST WE APPLIED THE GRANT MAINLY TO SUPPORT
ADMINISTRATIVE COSTS SO THE ADMINISTRATIVE DUTIES ARE SPECIFICALLY FOR MY ROLE AND I GO MORE ON THE MANAGEMENT SIDE AS WELL AS WHAT THEY CALL DIRECT SUPPORT FOR YOUTH FOR YOUTH.
SO THAT IS FOR STAFF THAT ARE OVERSEEING THE PROGRAM AGAIN MAINLY FOR PAYROLL. SO THE ONE ON ONES THAT I HAVE WITH THE INTERNS OVER THE SUMMER SUPPORT FOR OUR EMPLOYERS WHO TAKE INTERNS AND
SO ON AND SO FORTH AND THEN WE HAVE SOME STUFF FOR YOUTH WAGES AS WELL AS SUPPORT SERVICES, LESS TRANSPORTATION IF YOU CAN GO TO THE NEXT LIE
BECAUSE YOU THINK OH IT'S JUST OKAY. OH THERE YOU GO. SO HERE IS A BREAKDOWN OF THE
I KNOW THAT LIKE THE TOTAL TOTAL FOR EXAMPLE FOR FISCAL YEAR 2026 SO WE APPLIED FOR THAT ADMINISTRATIVE COSTS ARE
ABOUT $5,000 AND THEN WE ASKED FOR YOUTH PARTICIPANT WAGES SO 50% OF THREE INTERNS THAT THAT'S A TOTAL OF $12,000 AND THEN DIRECT SUPPORT SERVICES
TO YOUTH AGAIN THE STAFF WHICH IS OVERSEEING THE PROGRAM AS WELL AS YOUTH SUPPORT SERVICES. SO THAT'S SPECIFICALLY TRANSPORTATION. ONE OF THE BIGGEST BARRIERS OR
ENTRANCE FEES IS GETTING TO AND FROM WORK OVER THE SUMMER. SO WE WANTED TO KIND OF I SAW SOME SUPPORT IN THAT WAY. AGAIN, THE SAMPLE CHART ON HERE IS FOR FISCAL YEAR 2026
BUT THE SAME THING APPLIES AGAIN FOR FISCAL YEAR 2027. SO THE TOTAL WOULD IT BE A $200,000 OVER TWO FISCAL YEARS ? YEAH AND TODAY WE'RE JUST
ASKING FOR THE SINCE WE'RE BEING AWARDED THE GRANTS WE'RE ASKING A MOTION TO ACCEPT THE AWARD. WELL I THINK FOR US AND WE'RE ALWAYS HAPPY TO DO THAT. RAWSON HAS BEEN ACTIVE IN OUR
BLOOMINGTON ROTARY CLUB AND IS WORKING TO TRY TO GET SOME OF US ALL CODGERS MORE UP TO DATE ON COMMUNICATIONS AND SO WE'RE VERY PLEASED TO HAVE HER
JOIN US IN THE TO DO THAT AND THESE INTERNSHIP PROGRAMS I MEAN I'VE BEEN A FAN OF THEM FOR YEARS. ONE OF THE FIRST THINGS I DID WHEN I WENT TO SUPERVISE AND STARTED THE TAX WORK CENTERS SET UP AN INTERNSHIP PROGRAM BECAUSE IT'S JUST YOU KNOW,
IT'S JUST A GREAT WAY TO GET GREAT PEOPLE AND MOVE THEM ALONG. SO QUESTIONS OR COMMENTS FROM PERSON BUT YEAH I HAVE ONE IS THIS WHAT DO THEY WORK THEY
WORK FOR A YEAR OR SIX MONTHS OR THE SUMMER OR JUST ONE ONE WHAT DOES IT HAPPEN? YEAH SO OUR INTERNSHIP PROGRAMS OVER THE SUMMER THE COLLEGE OR THE YOUNG ADULT INTERNS DO A 12 WEEK PROGRAM
STARTING FROM END OF MAY TO MID AUGUST AND OUR HIGH SCHOOLERS DO EIGHT WEEK INTERNSHIPS. SO START END OF JUNE UNTIL MID AUGUST AND THEY ALL CONCLUDE IN THE MIDDLE OF AUGUST TOGETHER.
RIGHT. ANY OTHER QUESTIONS COMMENTS YOU HAVE NOW WE'VE GOT A MOTION I WOULD ENTERTAIN THE MOTION THAT'S ON PAGE FIVE
OF YOUR PACKAGE MR. PRESIDENT. I MOVE THAT WE ADOPT THE RESOLUTION ACCEPTING YOUTH AT WORK COMPETITIVE GRANT.
SECOND MOTION IN A SECOND AND FURTHER DISCUSSION IF NOT ALL FAVOR PLEASE SIGNIFY BY SAYING I I OPPOSED MOTION CARRIES FIVE ZERO THANK YOU YOUR SON
ALL RIGHT THE NEXT ONE WE'VE GOT IS THE HATCH AND BLOOMINGTON COMPETITION WINNER THAT'S KIND OF FUN TO SO
SO GOOD EVENING PRESIDENT ERICKSON AND COMMISSIONERS MY NAME IS SHAWN LUNDY. >> I AM THE SPECIAL PROJECTS AND INITIATIVES MANAGER WITH
THE DEPARTMENT OF COMMUNITY DEVELOPMENT HERE FOR THE CITY. THERE AREN'T ANY SLIDES I'M SORRY I APOLOGIZE ABOUT THAT. I STAND BEFORE YOU TO PRESENT
A RESOLUTION RECOGNIZING THE HATCH 2025 COMPETITION WINNER AND REQUEST TO AUTHORIZE FINANCIAL ASSISTANCE TO THAT WINNER.
SO JUST AS A BRIEF OVERVIEW THE HATCH BLOOMINGTON PITCH COMPETITION IS AN ANNUAL BUSINESS PITCH COMPETITION HOSTED BY THE CITY OF BLOOMINGTON.
IT IS IT IS A COMPETITION THAT OFFERS AMBITIOUS ENTREPRENEURS THE OPPORTUNITY TO OPEN A BRICK AND MORTAR RETAIL BUSINESS HERE IN THE CITY OF BLOOMINGTON.
PART OF IT IS AN EFFORT TO REVITALIZE ECONOMIC NODES WHICH IS WHY I'M STANDING BEFORE THE COMMISSION AND I'M WORKING CLOSELY WITH THE PORT TO DO THIS PROGRAM BUT ALSO
INCREASE THE VISIBILITY OF THE WORK THAT WE'RE TRYING TO DO WITH SMALL BUSINESSES AND ENTREPRENEURS IN THE CITY. THE SECOND YEAR OF THE PROGRAM JUST WRAPPED UP BACK IN SEPTEMBER.
WE HAVE A WINNER. COUNCILMEMBER NELSON IS ACTUALLY A JUDGE ON THE PANEL SO HE IS PART OF THAT PROCESS AND THE WINNER WAS TWILA DANG AND HER BUSINESS PROPOSAL
CALLED BOOK MOTHER WHICH IS A BOOKSTORE RETAIL BOOKSTORE IN THE CITY. SO I'M HERE TO DISCUSS WITH
YOU AND ANSWER ANY QUESTIONS ABOUT THE HATCH 20 25 PROGRAM AND REQUEST THAT YOU APPROVE THE DISBURSEMENT OF THE AWARD MONEY. >> WELL, I THINK THIS PROGRAM HAS CREATED A LOT
OF EXCITEMENT AND SO THAT'S THAT'S GREAT. SO QUESTIONS, COMMENTS MR. NELSON, SINCE YOU SEEM TO BE AWARE OF THIS OR SOMETHING. YEP. THANK YOU VERY MUCH. IT'S FANTASTIC. I MEAN WE HAD SO MANY GREAT
COMPANIES AGAIN THIS YEAR OF THE PROGRAM CONTINUES TO IMPROVE EVERY YEAR SO THANK YOU FOR YOUR GREAT WORK ON THAT BOOK MOTHER AND LOOKS
LIKE IT'S MADE A GREAT COMPANY IN THERE AND SO I'D DEFINITELY SUPPORT RELEASING THE FUNDS. I KNOW THAT THE FUNDS WILL BE RELEASED BASED ON PROGRESS PAYMENTS, NOT JUST A CHECK.
SO I YEAH I IT'S GREAT IT'S A GREAT PROGRAM IS BUILDING A HUGE EXCITEMENT I THINK IT'S PUTTING BLOOMINGTON IN A POSITION YOU KNOW TO GET
PUBLIC RELATIONS AND I THINK THE FIRST YEAR WINNER WE GOT LIKE $5 MILLION OF BASICALLY FREE PRESS OF 5 MILLION AND EARN MEDIA FROM SCRAMBLING
EGGS SPECIFICALLY. YEAH BUT 11.5 TOTAL OVER THE TWO YEARS YEAH MEDIA IS IT'S FANTASTIC IT REALLY IS IS MAKING SURE PEOPLE KNOW THAT BLOOMINGTON IS A PLACE TO DO
BUSINESS. IT'S A PLACE TO START YOUR BUSINESS, GROW YOUR BUSINESS AND SO I WHOLEHEARTEDLY SUPPORT THIS. WELL, YOU KNOW IT'S REALLY A VERY TANGIBLE WAY OF SAYING WE WANT YOU WE WANT YOU TO
SUCCEED. AND SO THAT'S A GREAT OTHER QUESTIONS OR COMMENTS. IF NOT, COMMISSIONER NELSON, DO YOU WANT TO MOVE THE MOTION ON PAGE SEVEN?
I WILL DO THAT. I MOVE TO A FULL RESOLUTION RECOGNIZING THE 2025 HATCH WELLINGTON WINNER AND AUTHORIZING FINANCIAL
ASSISTANCE TO THE DO WE HAVE A SECOND SECOND COMMISSIONER LANCE ANY FURTHER DISCUSSION IF NOT ALL IN FAVOR PLEASE SIGNIFY BY SAYING I I OPPOSED MOTION CARRIES SIX ZERO AND
I'M GOING TO DO WHAT I WAS GOING TO DO WHEN WE FIRST STARTED THE MEETING. IT WAS INTRODUCED EVEN BEFORE THE MINUTES AND JUST CONGRATULATE YOU ON YOUR REELECTION. I WAS THINKING YOU KNOW, IF IF
SINCE YOU GOT 66% OF THE VOTES YOU HAVE 50% OF THE VOTES IS A C 66% MUST BE ANY OR SOMETHING LIKE THAT. WELL, WHEN I WAS IN COLLEGE I
THINK YOU HAD TO GET INTO THE 90S FOR AN A BUT WHAT I WILL SAY IS I THANK YOU TO THE COMMUNITY THAT HAS SUPPORTED ME.
I'M ALSO VERY AWARE OF THE FACT THAT 33% OF THE PEOPLE ELECTED OR VOTED FOR SOMEBODY ELSE AND I WANT TO MAKE SURE
THAT I REPRESENT AND LISTEN TO THEM AS WELL BECAUSE IT'S VERY IMPORTANT THAT WE HAVE ALL THOSE VOICES IN OUR DECISIONS AND WHAT WE'RE DOING. AND AT THE END OF THE DAY I MEAN SOME PEOPLE ARE NOT GOING
TO AGREE WITH THE DECISIONS WE MAKE OR WHAT WE DO. BUT I THINK WHAT I HAVE SEEN IN MY YEARS INVOLVED IN BLOOMINGTON IS THE PEOPLE
THAT ARE THAT ARE HERE THAT ARE ON THE COUNCIL THAT ARE IN OUR COMMISSIONS ARE HERE FOR VERY GOOD REASONS AND THEY'RE THEY'RE HERE TO SERVE THE PUBLIC AND MAKE THE BEST DECISION THEY POSSIBLY CAN FOR
OUR COMMUNITY. AND SO I AGAIN JUST I THANK THE COMMUNITY FOR TRUSTING ME AGAIN FOR ANOTHER FOUR YEARS AND I HOPE I CONTINUE TO LIVE
UP TO THEIR EXPECTATIONS AND DOING THE GOOD WORK OF BLOOMINGTON. MR. LANCE SO WHEN ARE WE GOING TO GET PEGGY MY PIZZA OPEN IS TAKING FOREVER AS A GENERAL
CONTRACTOR A LICENSE BUILDING CONTRACTOR. >> I CAN'T COMMENT ON THAT. SO COMMISSIONER LYONS I THINK WE MIGHT ACTUALLY HAVE AN ANSWER TO THAT.
WE'RE EXPECTING IT TO OPEN ON DECEMBER 14TH. SO DECENT. YEAH. I ALSO BELIEVE THERE IS AN ITEM RIGHT NOW IT MAY HAVE
BEEN ON THE COUNCIL AGENDA LAST NIGHT THAT TO APPROVE THE LIQUOR LICENSE THERE WHICH IS USUALLY ONE OF THE LAST STEPS THAT WE HAVE GOING FORWARD
WITH THEM SO THAT THAT'S HOPEFUL. I'M LOOKING FORWARD TO GO IN THERE AND ENJOYING IT SO AND IT IS SUCH A BETTER USE FOR THAT SPOT THAN THAN HAS
BEEN THERE. >> SO IT'S IT'S A HIGHER AND BETTER USE DEFINITELY YEAH. YEAH AND IT'S WHAT WE WANT TO DO IN OUR COMMERCIAL NODES AND WE'VE DONE IT THROUGHOUT THE COMMUNITY IT'S GREAT TO SEE ON
THE FAR WEST SIDE THAT WE'RE GETTING THAT IN THERE AND THERE'S THERE'S OTHER GREAT PLACES YOU GET TO THERE THAT'S BEEN THERE FOR A LONG TIME OBVIOUSLY WEST SIDE PERK IF YOU WANT COFFEE AND AND THINGS LIKE THAT SO IT'S JUST IT'S
BECOMING A REALLY NICE COMMERCIAL NODE. I STILL THINK THERE COULD BE IMPROVEMENTS. I STILL THINK THERE COULD BE OTHER THINGS TO BE DONE BUT ACCESS COULD BE IMPROVED.
A GREAT OKAY SO THE NEXT THING WE HAVE IS ITEM 2.36 PROPERTY EASEMENTS WHICH IS AWFUL LOT OF PAPER FOR REALLY SOME
FAIRLY SIMPLE THINGS SO YES GOOD EVENING ELUCIDATE US PRESIDENT AND COMMISSIONERS IT IS RATHER LONG BUT I SHOULD BE UP HERE FOR A SHORT PERIOD OF TIME. FOR THOSE OF YOU WHO I THINK
EVERYBODY SHOULD BE AWARE OF, PHASE TWO OF THE CITY CAMPUS IS JUST ABOUT WRAPPED UP LOOKING BY THE END OF THE YEAR THEY SHOULD BE DONE AND IF YOU'VE BEEN BY THERE RECENTLY ALL THE LANDSCAPING AND SITE WORK IS NEARLY COMPLETE.
SO IT'S LOOKING PRETTY GOOD OUT THERE NOW THAT WE'RE AT THIS POINT CONSTRUCTION JUST ABOUT DONE AND WE'VE DETERMINED THE FINAL LOCATIONS FOR A LOT OF THOSE SITE FEATURES AND IT'S BECOME NECESSARY TO FORMALIZE A FEW
EASEMENTS. TWO OF THOSE ARE INCLUDED IN THE PACKET THIS EVENING FOR YOUR REVIEW. WE HAVE A 20 FOOT EMERGENCY AND DELIVERY ACCESS EASEMENT BETWEEN 26TH AVENUE SOUTH AND WINSTEAD WAY THAT'S OVER LOT
THREE AND FOUR. WE OBVIOUSLY HAVE THE PORT ON LOT THREE SECONDS. LOT FOUR SO IT'S SORT OF A RECIPROCAL EASEMENT GRANTING EACH PARTY EMERGENCY ACCESS OVER THE OTHER AS WELL AS DELIVERY ACCESS AND SICK DOES
OPERATE A LOADING DOCK OFF OF THEIR NEW HEADQUARTERS FACILITY THAT WOULD NECESSITATE USE OF THAT DRIVE LANE AND THAT THE LITTLE DIAGRAM IS ON PAGE 18 OF YOUR
PACKET IF YOU'D LIKE TO SEE THAT. AND THEN THE SECOND ONE TONIGHT IS A PROPOSED STORM SEWER AND MAINTENANCE EASEMENT AN AGREEMENT FOR THE STORM SEWER SYSTEM LOCATED BETWEEN LOT THREE AND FOUR. IT KIND OF STRADDLES THE
BOUNDARY THERE. A LITTLE DIAGRAM OF THAT IS ON PAGE 24 AS AS WE'VE GONE THROUGH THIS PROCESS, BOTH OF THESE WERE ENVISIONED FROM THE VERY BEGINNING HAVE BEEN PART OF ALL THE PLANNING DOCUMENTS.
SO THIS IS NOT ANYTHING UNEXPECTED BUT WE'RE REALLY AT THE POINT OF JUST FORMALIZING THIS. SO WE'VE WORKED WITH KITTY GRAVES AND HELP US DO THAT AND I'M HAPPY TO TAKE ANY QUESTIONS. THANK YOU.
QUESTIONS IF NOT, THERE'S A MOTION ON PAGE NINE OF YOUR PACKAGE THAT APPROVING THIS WHICH I WILL ENTERTAIN A MOTION.
OKAY. WE CAN YOU CAN READ IT OR WHATEVER. WHAT'S YOUR PLEASURE? PLEASURE TO FIND PAGE NINE I
MAKE A MOTION TO APPROVE RESOLUTION ME PAGE 25 APPROVING INITIAL STORM SEWER MAINTENANCE SEASONS AND MUTUAL EMERGENCY ACCESS AND DELIVERY
ACCESS EASEMENTS YOU PASS THE TEST DROVE A SECOND MOTION ME SECONDED ANY FURTHER DISCUSSION IF NOT ALL IN FAVOR PLEASE SIGNIFY BY SAYING I
OPPOSED MOTION CARRIES SIX ZERO OKAY YOU KNOW I AM LOOKING THROUGH THIS I SOMETIMES WONDER IF THE PAPERWORK COSTS MORE THAN WHATEVER IS NEEDED BUT
WHATEVER. WELL IT HAS TO BE DONE SO OKAY, SO HOLLY IS THIS A HOLLY SHOW ? PRESIDENT ERICKSON AND
COMMISSIONER IT'S THE HOLLY SHOW PLUS MARY KAY HEINEN, THE PORT AUTHORITY'S EXTREMELY ACCOMPLISHED ACCOUNTANT FOR WHOM WE ARE VERY GRATEFUL. I'LL JUST TURN THIS AROUND.
ALL RIGHT. PRESIDENT ERICKSON AND COMMISSIONERS THIS EVENING WE HAVE BEFORE YOU OUR FINAL PORT BUDGET AND LEVY YOU SAW PREVIOUS LEE THE PORT
AUTHORITY'S PRELIMINARY BUDGET AND LEVY AT OUR AUGUST MEETING THAT ALSO WENT TO CITY COUNCIL ON THE CONSENT AGENDA AND SO WE'RE HERE AS THE PENULTIMATE STEP TO ASK FOR YOUR APPROVAL
FOR THE BUDGET AND LEVY AND THEN IT WILL GO TO COUNCIL ONE MORE TIME BEFORE WE FILE WITH HENNEPIN COUNTY WE'LL GIVE YOU 25 POINTS FOR USING AN ALTERNATE THAT'S THANK YOU.
ALL RIGHT. AS A QUICK REMINDER TO SET US IN OUR GOALS, OUR WORK AREA IS OUR MISSION AND THIS IS OUR NEW MISSION STATEMENT. THE PORT AUTHORITY CULTIVATES COMMUNITY PROSPERITY AND
QUALITY DEVELOPMENT THROUGH BOLD VISION AND RESPONSIBLE PUBLIC INVESTMENTS. WE CONTRIBUTE TO THE GROWTH AND SUCCESS OF BLOOMINGTON'S INCLUSIVE AND RESILIENT ECONOMY AND THIS IS OUR FRESH STATEMENT THAT WE WORKED
TOGETHER ON THROUGHOUT THIS YEAR. WE DO OUR WORK THROUGH BUSINESS ASSISTANCE, CREATIVE PLACEMAKING WORKFORCE DEVELOPMENT AND REAL ESTATE AND DEVELOPMENT. WE ARE ALSO IN SUPPORT OF THE
CITY'S BLOOMINGTON TOMORROW TOGETHER PRIORITIES OF A CONNECTED AND WELCOMING COMMUNITY AND A COMMUNITY WITH EQUITABLE ECONOMIC GROWTH AND
WE NOW OF COURSE HAVE OUR OWN ADOPTED ECONOMIC DEVELOPMENT STRATEGIC PLAN WITH EIGHT PRIORITY AREAS OF TRADED SECTORS. THOSE ARE OUR LARGE EMPLOYERS
SMALL BUSINESS INNOVATION WHICH ARE OUR ENTREPRENEURS THRIVING PLACES, WHICH COVERS OUR CREATIVE PLACEMAKING WORK, REAL ESTATE AND INFRASTRUCTURE TALENT ATTRACTION AND RETENTION, WRAPAROUND SERVICES
AND MARKETING AND EVENTS. SO AS WE'VE WORKED ON OUR BUDGET WE DO SO WITHIN THIS FRAMEWORK AS WELL . A QUICK REFRESHER YOU'VE ALL
SEEN THIS BEFORE BUT THE PORT CHANGED A LOT OVER THE LAST SEVERAL YEARS. IN 2022 IT WAS IDENTIFIED TO AS A GOAL FOR THE PORT TO MOVE
CITYWIDE BEYOND SOUTH LOOP. IT WAS ABLE TO DO SO IN 2023 WITH THE FIRST TRANSFER FROM THE INJURY LEVY OF 1.4 MILLION 2024 THE PORT HAD ITS OWN
FIRST LEVY OF 1.5 MILLION 2025 WE REALLY BEGAN TO GROW. WE INCREASED OUR HIRING AND WERE ABLE TO BE MORE ACTIVE CITYWIDE AND AND BEGIN OUR FIVE YEAR PLAN PROCESS.
SO THAT WAS 2.5 MILLION AND IN 2026 WE ARE LOOKING FOR A 2.9 MILLION LEVY THAT IS BELOW THE AMOUNT WE ARE ABLE TO LEVY BUT THAT IS THE AMOUNT WE THINK IS APPROPRIATE TO THE
PROJECTS THAT WE WILL BE DOING NEXT YEAR. OUR 2026 BUDGET INCLUDES TOTAL BUDGETED REVENUE OF 3,470,000
AND BUDGETED EXPENSES OF 3,118,488 REVENUE LESS EXPENDITURES OF THREE FIVE 351,000 AND WE HAVE THAT TO BUILD RESERVES FOR OUR
OPERATIONS AS WELL AS OUR FUTURE STRATEGIC ACQUISITIONS. SO EVERY YEAR AT GEORGIA ELECTION AND ADVISEMENT WE WILL BE BUILDING UP OUR OUR RESERVES SO THAT IF WE WANTED
TO MAKE A FUTURE LAND PURCHASE OR OTHER TYPE OF INTERVENTION IN REAL ESTATE WE COULD DO SO OR TAKE ON A LARGE PROJECT. THIS IS FUNDED BY A TRANSFER FROM THE SOUTH LOOP
DEVELOPMENT FUND TO OUR GENERAL FUND OF 560,000 AND THEN OUR LEVY REQUEST OF 2.9 MILLION. WE ALSO, AS YOU HEARD FROM RAWSON, ANTICIPATE GRANTS
THOSE GRANTS ARE NOT CURRENTLY INCORPORATED INTO OUR BUDGET BECAUSE WE NEED TO MAKE SURE THAT WE ARE ACTUALLY GOING TO RECEIVE THEM AND SO WHEN WE DO RECEIVE THEM WE'LL COME BACK BEFORE YOU WITH THE BUDGET
ADJUSTMENT. HOLLY, DO YOU HAVE KIND OF AN IDEA OF HOW MUCH THAT COULD BE POTENTIALLY WILL THE YES, PRESIDENT ERICKSON AND COMMISSIONERS THE FIRST ONE
WILL BE 50,000 FOR THE YOUTH THAT WE'RE GRANT AND THEN WE HAVE IN THE PAST BEEN LUCKY ENOUGH TO GET GRANTS FROM HENNEPIN COUNTY TO SUPPORT THE FACADE IMPROVEMENT GRANT PROGRAM BUT WE WERE SO SUCCESSFUL WITH THAT WE DO NOT
THINK THEY'RE GOING TO DO THAT AGAIN FOR US THIS YEAR. SO PROBABLY NOT THAT PERHAPS UP TO 50,000 TO SUPPORT HATCH BLOOMINGTON THOUGH AS WELL. THE OTHER GRANTS THAT ARE
PROJECT SPECIFIC THOSE LARGER GRANTS THAT COME FROM COUNCIL THAT MIGHT BE CLOSER TO MILLIONS OF DOLLARS THOSE WOULD NOT BE INCORPORATED INTO THIS BUDGET. THESE ARE MORE OPERATIONAL AND
PROGRAMMATIC SO INTO OUR SERVICES THAT WILL BE CONTINUING OR EXPANDING SERVICES THAT YOU ARE FAMILIAR WITH INCLUDE OUR DEVELOPMENT ASSISTANCE, ASSISTING WITH THE
OPPORTUNITY HOUSING ORDINANCE ADMINISTRATION BUSINESS ASSISTANCE INCLUDING DIRECT ASSISTANCE PROGRAMS AND ALL GET DEEPER INTO THOSE FURTHER ON IN THE DECK CITY WIDE CREATIVE PLACEMAKING MARKETING
AND PROMOTION OF BLOOMINGTON AND ALLOCATED FUNDING TO ASSIST WITH DEVELOPMENT PROJECTS AND STUDIES CITYWIDE AND SOME OF OUR NEW SERVICES WILL INCLUDE NEW KINDS
OF BUSINESS OUTREACH PROGRAMS WITH TARGETED PARTNERS, NEW SMALL BUSINESS FINANCIAL SUPPORT PROGRAMS. SO WE'RE EXPANDING YOU'VE SEEN THAT THE FACADE IMPROVEMENT GRANT PROGRAM IS VERY POPULAR SO WE'LL BE ADDING SOME NEW TYPES OF PROGRAMS AND THEN
PERMANENT STAFFING FOR BLOOM IN BLOOMINGTON SLASH WORKFORCE DEVELOPMENT WITHIN THE PORT. WE ARE TRYING TO MAKE WILSON'S POSITION INTO A PERMANENT POSITION TO MAKE SURE THAT WE CAN CONTINUE TO GROW THE BLOOM
IN BLOOMINGTON PROGRAM A QUICK REFRESHER WE'RE HAVING SOME FUND NAME CHANGES THIS YEAR FOUR SO FOR THOSE OF YOU WHO HAVE BEEN WITH US FOR A VERY LONG TIME WHAT WE USED TO CALL THE PORT DEVELOPMENT FUND
WHICH IS THE PORT LEVY WILL BE CALLED THE GENERAL FUND INTO 2026 AND THAT'S HOW WE'LL BE TALKING ABOUT IT IN THE BUDGET WHAT USED TO BE CALLED THE
GENERAL FUND WHICH WAS FUNDED BY HOTEL LIQUOR AND LODGING TAX THAT IS NOW GOING TO BE CALLED A SOUTH LOOP SPECIAL REVENUE FUND. OH I'M SORRY THIS ONE WAS
INTEREST EARNED ON THE SOUTH OF DEVELOPMENT FUND. I MISSPOKE. EXCUSE ME. AND THAT WILL BE CALLED THE SOUTH LOOP SPECIAL REVENUE FUND MOVING INTO THE FUTURE BUT WE USED TO CALL THAT THE GENERAL FUND. SO THEREIN LIES THE CONFUSION
. YOU'LL ALSO THIS IS NOT A SEPARATE FUND BUT SOMETHING TO HIGHLIGHT WILL NOW HAVE AN ORG CODE CALLED BUSINESS PAYMENT WHICH WILL LIVE WITHIN THE GENERAL FUND AND THAT IS MONEY SET ASIDE SPECIFICALLY FOR
DIRECT ASSISTANCE TO BUSINESSES. ALL RIGHT. AND I WILL HAND IT OVER TO MARY KAY TO GO THROUGH THE BUDGET NUMBERS. GOOD EVENING.
SO THIS IS THE COMBINED GENERAL AND SELF-FUND WE'LL LOOK AT THEM INDIVIDUALLY AND JUST A MINUTE BUT JUST TO GIVE YOU AN OVERVIEW OF THE BUDGET BEING REQUESTED, AS HOLLY
MENTIONED, THE PROPERTY TAX LEVY REQUEST THIS YEAR IS 2.9 MILLION WHICH IS AN INCREASE OF 400,000 FROM LAST YEAR. THE OTHER REVENUES CONSISTS OF THE TRANSFER FOR SOUTH LOOP
AND THAT IS ACTUALLY GOING DOWN BY 334,000 A REQUEST OF 560,000. SALARIES AND BENEFITS ARE GOING UP 229,000 COMPARED TO
LAST YEAR. AND BEFORE WE MOVE ON, I'D LIKE TO EXPLAIN WHY THAT IS. PART OF IT IS THE ADDITION OF THE BLOOM FACILITY TO HER POSITION.
BUT THEN PART OF IT IS ALSO THE OTHER PART FUNDS. TONIGHT WE'RE ONLY LOOKING AT THE GENERAL AND SELF OF FUNDS BECAUSE THOSE ARE THE ONLY ONES THAT HAVE A BUDGET. BUT IN ADDITION TO THOSE FUNDS THERE'S ALSO TWO FUNDS.
SO WE HAVE THE MALL OF AMERICA TO FUNDS BLOOMINGTON CENTRAL STATION, AMERICAN SQUARE AND ROSEAU. AND SO WHAT HAPPENS IS EVERY PAY PERIOD STAFF ALLOCATES THEIR TIME BASED ON HOW IT'S
ACTUALLY SPENT BECAUSE WE CAN ONLY ALLOCATE TIME TO TIFT DISTRICTS OR SOUTH LOOP IF WE ACTUALLY SPENT TIME THERE. BUT EVERY IN MAY WE ESTIMATE
HOW WE'RE GOING TO SPEND OUR TIME FOR THE FOLLOWING YEAR AS PART OF THE BUDGET PROCESS AND FOR THE 2024 BUDGET WE UNDERESTIMATED HOW MUCH TIME WAS BEING SPENT ON CITY WIDE
ACTIVITIES WITH THE CITYWIDE ACTIVITIES BEING NEW REPORTS THE BUDGET WAS TOO LOW AND SO AT THE BEGINNING OF THIS YEAR WE ACTUALLY REQUESTED A BUDGET ADJUSTMENT GOING BACK TO 2024
TO REALLOCATE SOME OF THE BUDGET AND SO FROM THAT WE KIND OF REALIZED THAT THE ALLOCATIONS WE HAD FOR 2025 ARE PROBABLY TOO LOW FOR THE
CITYWIDE ACTIVITIES AND SO WE HAD TO REALLOCATE SOME OF THE SALARIES FROM THE TIFF BUDGETS TO THE BUDGETS.
AND SO FOR INSTANCE IN THE 2025 BUDGET WE HAD ABOUT 0.8 FTE BEING QUOTED TO BLOOMINGTON CENTRAL STATION. REALISTICALLY WE DROPPED THAT DOWN TO 0.3 OF T BASED ON HOW STAFF IS ACTUALLY SPENDING
THEIR TIME. ROSA AN AMERICAN SQUARE THERE JUST AS AN ACTIVITY THERE SO WE DIDN'T BUDGET ANY TIME FOR SOUTH GOING THERE AND THE MALL
OF AMERICA IN 2025 WE BUDGETED ABOUT .93 SO ALMOST A FULL FTE GOING FROM ALL OF AMERICA AND FOR 2026 WE DROPPED THAT TO ABOUT 0.46.
SO WHEN YOU ADD UP THOSE IT'S ABOUT A LIKE ONE AND A THIRD FTE THAT WE USED TO BUDGET IT IN THE TWO FUNDS THAT JUST WASN'T HAPPENING THAT SOUTH IS
JUST SPENDING MORE TIME ON CITYWIDE ACTIVITIES SO THIS WAS YOU KNOW ONE OF THE FIRST YEAR YOU KNOW BECAUSE NOW THAT THE PART HAS BEEN DOING CITYWIDE ACTIVITIES WE HAVE A BETTER IDEA OF HOW THEY'RE SPENDING TIME AND THAT'S WHAT
IS REFLECTED HERE IN THE BUDGET. SO WHEN YOU LOOK AT THE INCREASE OF 229,000 IN SALARIES, PART OF IT IS THE BLOOM WHICH IS BRAND NEW BUT
THEN PART OF IT IS JUST HOW STAFF IS ALLOCATING THEIR TIME . SO IN TERMS OF HEADCOUNT YOU'RE GOING UP ONE HEADCOUNT IN TERMS OF FTE I GUESS IS LOOKING AT IT.
YES. AND THE REST OF IT IS REALLY JUST HOW WE ACCOUNT FOR THESE THINGS. I MEAN YOU'RE PULLING IS WHERE YOU'RE GOING TO CHARGE THE PERSON THIS TIME TO THIS
BUDGET OR THAT PRESIDENT. YEAH, EITHER ONE. SO OKAY, WELL THAT'S VERY HELPFUL. I LOOKED AT AND I SAID HOLLY, WE BETTER HAVE A LITTLE DISCUSSION ON THIS NUMBER BECAUSE THIS IT'S A BIG
INCREASE AND SO AND THEN OVERALL COMMISSION FOR NELSON THANK YOU. >> JUST TO CLARIFY THE ONE FTE IS ALREADY AN EXISTING FTE THAT'S SHARED BETWEEN DIFFERENT PLACES.
I MEAN IT MAY BE IN THIS BUDGET BUT I THINK SOME OF THAT COST WAS IN CITY BUDGETS ELSEWHERE. SO WE'RE NOT ADDING A PERSON THE PORT IS ABSORBING AND THE
COST OF THAT PERSON AND I THINK TO TO YOUR POINT ON THE ALLOCATION OF TIME, IS THAT ACCURATE? >> NO, IT WAS ALL WITHIN PART BECAUSE LIKE THE MALL OF AMERICA TO FUND IS STILL A PART FUND.
IT'S JUST NOT PRESENTED HERE BECAUSE THE TWO FUNDS DON'T HAVE A TRUE BUDGETS LIKE THE GENERAL FUND ABOUT THE BALLOON POSITION I CAN SPEAK TO THAT. OH YES. YES. THANK YOU, COMMISSIONER NELSON
AND COMMISSIONERS THAT WAS PARTIALLY PAID BY THE CITY FUND AND THEN PARTIALLY PAID BY A REALLOCATION FROM SOME SMALL BUSINESS FUNDS THAT WE HAD AVAILABLE. SO THIS IS THE FIRST TIME YOU'RE SEEING THAT APPEAR
IN OUR SALARY LINE ITEM. WELL, AND IF YOU IF YOU LOOK AT THIS OVER THE LAST 3 OR 4 YEARS WE'VE HAD QUITE A STAFF INCREASE BUT A LOT OF THAT'S BEEN TRANSFERRED.
PEOPLE USED TO BE IN THE I OR HRA ARE NOW FOR STAFF SAMPLE AND THINGS SO I MEAN AGAIN IT'S IS IT'S HARD TO JUST KEEP TRACK OF THE NUMBERS BUT I
UNDERSTAND WHAT YOU'RE DOING WHEN YOU TALK ABOUT THESE THINGS BEING PAID FOR ON A DIFFERENT BUDGETS FUND ACCOUNTING DOES MEAN THAT'S I MEAN AGAIN I JUST YOU KNOW
IN ONE OF THE BIGGEST ISSUES I HAD AT THE UNIVERSITY OF MINNESOTA WAS TRYING TO EXPLAIN FUND ACCOUNTING TO REGIONS FOR EXAMPLE THAT PRIMARILY UNDERSTAND BUSINESS ACCOUNTING.
IF YOU LOOK AT THIS I MEAN IT'S JUST ENOUGH TO TAKE AND MAKE YOU CRINGE BUT AT ANY RATE THAT'S LIFE. MR. PRESIDENT COMMISSIONER PETERSON, JUST ONE OTHER
COMMENT ON THIS AND I THINK IT'S IMPORTANT YOU KNOW, WHEN WE'RE LOOKING AT LIKE THE THE PROPERTY TAX LEVY HERE IS THAT I WAS THINK OF KIND OF THIS PART OF THE PROCESS HERE IS REALLY IN SOME WAYS YOU CAN LOOK AT US AS LIKE ANOTHER
CITY DEPARTMENT WHO'S BUILDING A BUDGET AND THEN EFFECTIVELY BETWEEN US AND THE HRA AND THE CITY COUNCIL IT'S THE CITY COUNCIL'S JOB TO KIND OF MAKE A DECISION IS THAT BUDGET THE
RIGHT BUDGET FOR THINGS? AND SO YOU KNOW, WE CERTAINLY COME WITH A REQUEST HERE BUT IT ALL IT ALL EVENTUALLY LADDERS UP TO THE ELECTED OFFICIALS TO MAKE THE FINAL DECISION AND IF THE CITY COUNCIL SAID WE DON'T WANT YOU
TO HAVE 2.9 MILLION THIS YEAR WE WOULDN'T HAVE 2.9 MILLION. WE WOULD HAVE A DIFFERENT NUMBER. AND SO I THINK THAT'S YOU KNOW, FOR THE FROM THE PROCESS PERSPECTIVE, YOU KNOW, WE WE SENT A REQUEST AND WERE
ADOPTING THIS AND SO ON. BUT OUR WE DON'T HAVE AN UNCONDITIONAL AUTHORITY TO RAISE MONEY OUR OUR AUTHORITY TO RAISE MONEY IS CONSTRAINED BY WHAT THE CITY COUNCIL WANTS
US TO DO. SO KATE, THANK YOU OVER AND THEN OVERALL MATERIAL SUPPLIES AND SERVICES ARE GOING UP
ABOUT 153,000 AND INTERNAL CHARGES WHICH IS LIKE INTERNAL I.T SPACE AND OCCUPANCY MAILROOM IS GOING UP 22,000
AND AS HOLLY MENTIONED OVERALL THE REVENUE BUDGET IS 3.4 EXPENSE BUDGET IS 3.1 MILLION SO THE NET DIFFERENCE IS 351,000 WHICH WOULD GO TOWARDS
RESERVES . OKAY SO JUST LOOKING AT JUST SPECIFICALLY THE GENERAL FUND ONCE AGAIN THE PROPERTY TAXES 2.9 MILLION BUDGET IN AROUND
10,000 FOR INVESTMENT EARNINGS SALARIES AND BENEFITS AND THIS FUND WENT UP 326,000 OR 60% AND ONCE AGAIN THAT'S JUST A
BETTER UNDERSTANDING OF HOW STAFF IS ACTUALLY SPENDING THEIR TIME. SO FOR INSTANCE, HOLLY'S POSITION USED TO BUDGET ABOUT POINT EIGHT IN SOUTH LOOP AND
POINT TWO IN CITY WIDE THAT ACTUALLY FLIP FLOPPED FOR 2026 AND SO THAT'S PART OF THE HUGE INCREASE IN THIS FUND. THE BLOOM FACILITATOR POSITION IS ALSO IN THIS FUND AND THEN
ALSO JUST SOME OF THE ANALYSTS HAVE STARTED QUOTING TIME HERE TO AND SO THAT'S WHY THIS FUND HAS SUCH A HUGE INCREASE IN SALARIES I'M LOOKING AT THE
MATERIALS, SUPPLIES AND SERVICES NEW FOR 2026 IS SOME NEW BUSINESS ASSISTANCE. SO LIKE MICROLOANS AND STUFF FOR ASSISTANCE IS NEW. SO THE MICRO LOANS IS BUDGETED
AROUND 200,000. THE SAC FEES AROUND 75,000 SO THAT'S INCLUDED IN THE MATERIAL SUPPLIES AND SERVICES
AND THEN INTERNAL CHARGES ONE OF 25,000. ANY QUESTIONS ON THIS FUND? QUESTIONS GO AHEAD. OKAY.
AND THEN LOOKING AT THE SOUTH OF FUND BECAUSE OF THE REALLOCATION OF SALARIES WE ACTUALLY NEED A SMALLER TRANSFER FROM THE CITY.
SO THE REQUESTED BUDGET IS GOING FROM 884,000 LAST YEAR TO 560,000 THIS YEAR OR A DROP OF 334,000 AND YOU CAN SEE THE
SALARIES DROP 96,000 ONCE AGAIN. THAT'S JUST A HUGE PART OF THAT WAS ACTUALLY HOLLY AND HOW SHE SPENDS HER TIME. MATERIAL SUPPLIES AND SERVICES
DROPPED 239. THE 2025 BUDGET INCLUDED SOME PROFESSIONAL SERVICES FOR THE WATER PARK AND OTHER ACTIVITY AT THE MALL.
UPON FURTHER DISCUSSION WE COULD USE TWO FUNDS FOR SOME OF THOSE AND SO THOSE CAME OUT OF THE BUDGET HERE AND THEN AND TRAIL CHARGES IS A LOT OF THAT IS BASED ON THE FTE
COUNT AND WITH THE DROP IN FTE COUNT THE INTERNAL CHARGES ALSO DROPPED 3000. SO OVERALL THE REVENUE REQUEST IS 560,000. THE BUDGETED EXPENDITURE IS
THIS 550 WITH JUST A NET BALANCE OF ABOUT $9,000 DIFFERENCE. COMMISSIONER LUTZ YEAH, GOOD
YOU OVER THAT YOU I DIDN'T I DIDN'T HEAR ANYTHING CATCH IT RIGHT YOU SAID SOMETHING WHAT MONEY GOING FOR THE WATER PARK OUT OF THIS ONE OR COULD YOU REPEAT IT. YEAH SO LIKE I HAVE OUR OWN QUESTION TO IT. SURE.
THE 2025 BUDGET, THE MATERIAL SUPPLIES AND SERVICES WAS 272,000 LAST YEAR FOUR 2025 AND WHEN THE 2025 BUDGET WAS DEVELOPED BACK IN 2024 WE
THOUGHT THERE'D BE MORE PROFESSIONAL SERVICE EXPENSE FOR THE WATER PARK BECAUSE WE DIDN'T KNOW IT'S SPECIAL SERVICES. YOU SAID PROFESSIONAL PROFESSIONAL, YEAH. OKAY. IS THAT ENGINEERING DESIGN OR
IT COULD INCLUDE EVERYTHING FROM LEGAL EXPENSE CONSULTANTS. OKAY. YEAH. >> AND MY FOLLOW UP THEN THIS IS SOUTH LOOP FUN UNDER THE NEW NOMENCLATURE IT'S THE
SOUTH LOOP SPECIAL REVENUE FUND. YEP. AND THEN WHEN I LOOK AT THE CHART ON PAGE 36 IT'S JUST A GENERAL IT'S USE GENERAL PORT
OPERATIONS IN SOUTH LOOP AREA IN SUPPORT OF REAL ESTATE DEVELOPMENT SO THAT'S NOT IS THAT THAT RESTRICTIVE THAT'S NOT BUSINESS DEVELOPMENT
THAT'S NOT JOB CREATION DEVELOPMENT THAT'S STRICTLY BRICKS AND MORTAR DIRT BRICKS AND MORTAR
AND IT'S JUST REDEVELOPMENT WORK WHICH I KIND OF WONDERING I BELIEVE THERE IS SOME STUDIES THAT HAVE BEEN PAID OUT OF THAT FUND. >> IT'S NOT NECESSARILY JUST BRICK AND MORTAR. >> SO IT'S NOT JUST REAL
ESTATE AND IT'S ALL BUSINESS DEVELOPMENT. >> IT WON'T. COMMISSIONER LUNS AND COMMISSIONERS I WOULD SAY THIS STUDIES HAVE BEEN IN SUPPORT OF THE REAL ESTATE WORK. SO THIS FUND HAS ALWAYS BEEN KIND OF THE TRADITIONAL PORT
FOND USED TO CALL IT THE GENERAL FUND. SO THE LEVY THE GENERAL FUND THAT WE HAVE NOW IS THE ONE THAT HAS MUCH BROADER BUSINESS ASSISTANCE ABILITIES. SO GENERALLY IF THERE'S
SOMETHING THAT WE'RE DOING EVEN IF IT'S IN SOUTH LOOP THAT IS SPECIFICALLY BUSINESS ASSISTANCE, A GRANT PROGRAM ETC. WE WOULD NOT PAY IT OUT OF THIS FUND. WE WOULD PAY IT OUT OF THE LEVY. IT WOULD NOT CORRECT.
SO THIS IS CORRECT AND IT IS JUST REAL ESTATE THAT REAL ESTATE AND RELATED ACTIVITIES IF SOMEBODY'S GOT A BUILDING THEY WANT TO REMODEL OR SOMETHING CAUGHT QUOTE UNQUOTE
REDEVELOP YES. THINK ABOUT IT AS WE ARE. THIS IS THE TRADITIONAL WORK THAT THE PORT USED TO DO WHICH WAS ALMOST ENTIRELY ABOUT REAL
ESTATE REDEVELOPMENT AND A LITTLE BIT ABOUT BUSINESS ATTRACTION OR BUSINESS ASSISTANCE FOR LARGE BUSINESS EXPANSION. SO THE TYPES OF PROJECTS YOU'VE DONE THERE SIX EXPANSION ETC. THAT ALL CAME
OUT OF THIS FUND BY PROJECTS THAT WE'RE DOING NOW THAT MIGHT HAVE TO DO WITH WORKFORCE DEVELOPMENT, SMALL BUSINESS ASSISTANCE THOSE COME
OUT OF THE LEVY BUT ONE GENERAL. MM HMM. OKAY. THANKS. WELCOME BACK TO ME. ALL RIGHT.
SO IN RESPONSE TO A FEW QUESTIONS THAT WE RECEIVED AT OUR LAST PRESENTATION ON THE PRELIMINARY BUDGET, WE DID WANT TO BREAK DOWN THE COSTS A BIT FOR YOU SO YOU COULD SEE
HOW THE 2026 BUDGET IS BEING UTILIZED AND WHICH PROGRAM AREA IS USING WHAT PERCENTAGE OF THE FUNDS. I WANT TO STRESS THIS IS AN ESTIMATE WE CREATED A MODEL
BASED OFF THE 2025 PRIORITY BUDGETING MODEL SO IT'S NOT MEANT TO BE 100% PERFECT BUT WE THINK IT'S A GOOD REPRESENTATION OF THE WAY THAT THE FUNDS ARE BEING EXPENDED. SO THIS INCLUDES BOTH DIRECT
STRATEGIC INVESTMENT TYPE FUNDS THAT I WILL GO THROUGH IN A MOMENT BUT IT ALSO INCLUDES INCLUDES STAFF, OUR LEGAL WORK ACCOUNTING ETC. AND SO GOING AROUND THE CIRCLE
YOU'LL SEE THAT DEVELOPMENT AND REDEVELOPMENT ASSISTANCE THAT'S KIND OF THE TRADITIONAL PORT WORK THAT'S BEEN DONE IS ABOUT 40% OF THE BUDGET BOARD
SUPPORT IS ABOUT 2% SMALL BUSINESS AND ENTREPRENEURSHIP IS 33% BLOOM AND BLOOMINGTON IS 6% BUSINESS RETENTION WORK WHICH IS MORE OF THOSE LARGE
EXPANSION PROJECTS IS 11% ALSO MARKETING AS WELL AND THEN CREATIVE PLACEMAKING IS 8% I SHOULD SAY THAT CREATIVE PLACE MAKING NUMBER IS ONLY THE TRANSFER OF THE LEVY $240,000
INTO THE CREATIVE PLACEMAKING IS ON BUDGETED FUND. THEY HAVE OTHER MONEY THAT IS FROM SORRY TO CONFUSE YOU ALL BUT IT'S FROM THE SOUTH LOOP
DEVELOPMENT FUND ITSELF WHICH IS THE LIQUOR AND LODGING TAX AND THAT CAN ONLY BE USED IN SOUTH LOOP. SO THIS 8% ONLY REPRESENTS 240,000 THAT CAN BE USED CITYWIDE.
I'M SORRY TO ASK SO MANY QUESTIONS BUT COULD YOU GIVE ME AN EXAMPLE OF WHAT BUSINESS RETENTION YOU SAID EXPANSION OF SOMEBODY NEEDS TO EXPAND OR HELP THEM EXPAND BUT ARE WHAT
WHAT'S THE EXAMPLE OF IT? SO RIGHT NOW THIS IS VERY STAFF TIME HEAVY PRESSURE LINES. SO IT WOULD BE IF WE GET A
SITE SELECTION INQUIRY AND WE ARE ASKED TO RESPOND TO IT TO CREATE LETTERS OF SUPPORT TO HELP WITH GRANT APPLICATIONS LIKE THE MINNESOTA FORD FUND MINNESOTA INVESTMENT FUND BUT
IT'S ALSO A LITTLE BIT MORE OF PROACTIVE MARKETING OF THE CITY. SO I GUESS IN THAT WAY YOU COULD CALL IT BUSINESS ATTRACTION AS WELL. SO I, I JOINED THE MINNESOTA
TRADE OFFICE THIS YEAR WHEN THEY WENT TO SELECT USA TO HELP WORK THEIR BOOTH WITH THEM TO PROMOTE MINNESOTA AND THE CITY OF BLOOMINGTON. SO AN EXPENSE LIKE THAT WOULD
COME OUT OF THIS FUND. SO IF WE LOOKED OVER THIS OVER TWO OR 3 OR 4 YEAR PERIOD WE NEVER HAD MUCH OF ANY IN THE SMALL BUSINESS
ENTREPRENEURSHIP BUCKET OR IS THIS SOMETHING THAT WE HAVE GROWN VERY INTENTIONALLY OVER THE LAST SEVERAL YEARS? YES. PRESIDENT ERICKSON COMMISSIONERS ABSOLUTELY AND
YOU'LL SEE AS I GO THROUGH THE NEXT SET OF SLIDES WE HAVE I HAVE AN ORG CODE I'M TEMPTED TO CALL IT A FUND BUT IT'S NOT A FUND TECHNICALLY WE DO HAVE
A BUCKET AVAILABLE TO US FOR DIRECT SMALL BUSINESS ASSISTANCE WHICH IS WE'VE HAD A LITTLE BIT OF THAT WITH THE FACADE IMPROVEMENT GRANT PROGRAM BUT WE ARE EXPANDING THAT THIS YEAR BECAUSE WE'VE SEEN THAT IT'S POPULAR.
THE PROGRAM IS GENERALLY OVERSUBSCRIBED AND SO WE'RE DEVELOPING OTHER PROGRAMS THAT RELATE TO THAT WELL I JUST THINK RELATIVE TO WHAT COMMISSIONER NELSON TALKED
ABOUT ABOUT THE IMPORTANCE LIKE HATS AND BLOOMINGTON AND THESE OTHER THINGS FOR YEARS WE WERE PRETTY GOOD AT RESPONDING TO THE BIG PLAYERS BUT WE REALLY DIDN'T DO MUCH FOR THE SMALLER PEOPLE AND
THIS HAS BEEN A CONSCIOUS EFFORT AND THE WORK THAT BARB HAS DONE AND OTHER PEOPLE TO TO REALLY TAKE AND MAKE IT AND YOU CAN JUST SEE WE'RE JUST IN TERMS OF MAKING BLOOMINGTON
ATTRACT TO PEOPLE GOING OUT AND SAYING WE WANT TO HELP THEM DO AND YOU'RE NOT GOING TO BE SUCCESSFUL AT EVERYBODY BUT THE VERY FACT THAT YOU'RE TRYING IS GOOD FOR THE
COMMUNITY. I THINK SO THAT'S THAT'S GOOD . ALSO A REMINDER I THINK YOU ALL UNDERSTAND THAT OVER THE LAST FEW YEARS WE'VE GROWN
QUITE A LOT. BUT JUST AS A QUICK REMINDER AS TO HOW OUR STAFF BREAKS DOWN NOW WE HAVE TWO STAFF IN CREATIVE PLACE MAKING THREE AND A HALF IN REAL ESTATE DEVELOPMENT, TWO IN BUSINESS
ASSISTANCE 1.75 BETWEEN ADMINISTRATIVE SUPPORT FINANCE AND LEGAL AND THEN ONE IN WORKFORCE DEVELOPMENT. AND HOW DO YOU SEE THAT GOING IN THE FUTURE?
DO YOU SEE BIG CHANGES IN THAT OR AREAS THAT YOU THINK WE NEED MORE GROWTH IN? PRESIDENT ERICKSON AND COMMISSIONERS AT THIS POINT I THINK WE'D WE'D PLAN TO STAY STUDY FOR 2026 AND THEN IT
WILL BE A MATTER OF REALLY UNDERSTANDING WHAT OUR NEEDS ARE IF WE DECIDE WE WANT TO LEAN IN ON COMMUNICATIONS AND MARKETING FOR THE CITY, WE MIGHT WANT TO SHARE A STAFF PERSON WITH COMMUNICATIONS TO
HELP US IN THAT SPACE. IF REAL ESTATE DEVELOPMENT STARTS BECOMING VERY BUSY THEN WE MAY WANT TO BRING IN STAFF PEOPLE IN THAT SPACE. BUT RIGHT NOW I THINK THIS IS
THIS IS GOING TO HOLD STEADY FOR AT LEAST A YEAR OR TWO. THANK YOU. SO MOVING ON TO THE SMALL BUSINESS AND ENTREPRENEURSHIP STRATEGIC INVESTMENTS I
MENTIONED WE'VE ALLOCATED 100,000 FOR GENERAL PROGRAMING SO YOU'LL PROBABLY HEAR ABOUT THE BLOOMING GROW PROGRAM AT SOME POINT. WE'RE CONSIDERING GETTING AN INTERN ETC. IN THIS SPACE BUT
THAT IS WE WILL ALLOCATE THOSE FUNDS AS THE YEAR GOES ON AND OPPORTUNITIES PRESENT THEMSELVES AND THEN THE DIRECT BUSINESS ASSISTANCE GRANT AND LOAN PROGRAMS ADD UP TO FIVE
FIVE 570,000 THAT GOES OUT TO ASSIST BUSINESSES. THAT'S 150,000 INTO FACADE IMPROVEMENT GRANTS, 75,000 INTO SAC GRANTS AND THAT'S FOR THE NEW CITY SAC 45,000 TO
KEEP BUILDING UP OUR BUSINESS RETENTION FUND AND THAT IS FOR BUSINESSES THAT ARE DISPLACED BY PRIVATE DEVELOPMENT. WE'RE BUILDING THAT FUND 100,000 FOR HATCH BLOOMINGTON AND THEN 200,000 IN ADDITIONAL
PROGRAMS. AT THIS POINT WE'RE THINKING IT WILL BE MICROLOANS OR MICRO GRANTS BUT WE ARE GOING TO BE WORKING A BIT WITH OUR BUSINESS COMMUNITY AND BANKING COMMUNITY TO GET A SENSE
OF WHAT WOULD BE MOST EFFECTIVE FOR US IN THIS AREA BECAUSE YOU'RE ASKING. THANK YOU, PRESIDENT. JUST ONE QUICK NOTE ON THAT.
I MEAN THOSE ARE THE TOTAL OVERALL NUMBERS. I UNDERSTAND THAT YOU GUYS LOOK FOR SUPPORT ON THEM AS AN EXAMPLE, HATCH BLOOMINGTON, YOU KNOW, GENERATED A NUMBER
OF SPONSORSHIPS THAT OFFSET THAT $100,000 OR A LARGE PORTION OF IT. SO THAT WILL CONTINUE IN THE FUTURE. RIGHT? THIS ISN'T THAT WE'RE GOING TO SPEND THAT MONEY NECESSARILY.
THAT'S THE TOTAL AMOUNTS AND WE'LL DO EVERYTHING WE CAN TO GET OTHER PARTNERS AND PEOPLE ON BOARD. >> COMMISSIONER NELSON AND COMMISSIONERS THAT'S CORRECT. WE WE ARE ACTIVELY SEEKING ADDITIONAL SPONSORSHIP FOR
HATCH. I BELIEVE WE GOT $50,000 LAST YEAR TO DEFRAY THESE COSTS. WE'VE HAD 50,000 AT A TIME FOR THE FACADE IMPROVEMENT GRANT PROGRAM.
I THINK WE'RE VICTIMS OF OUR SUCCESS OR BARB SUCCESS THIS YEAR. SHE SHE GOT THAT GRANT A FEW TIMES IN A ROW AND THEY SPECIFICALLY WROTE US OUT OF IT THIS YEAR. SO BUT WE'LL KEEP LOOKING FOR
OTHER FUNDS IN THAT SPACE AS WELL. THAT'S VERY GOOD POINT. BLUM IN BLOOMINGTON OTHER THAN STAFF TIME IS NOT A
SIGNIFICANTLY EXPENSIVE PROGRAM TO RUN. IT'S ABOUT 20,000 IN PROGRAMING AND CONTRACT SERVICES AND WE ARE HOPING TO FINALIZE THAT $50,000 THAT YOU
JUST VOTED ON EARLIER IN THE YEAR. BUT WE ARE EXCITED AT HOW EFFECTIVE WE CAN BE. IT'S JUST REALLY A TIME INTENSIVE STAFF HIGHLY, HIGHLY
STAFF INTENSIVE PROGRAM, CREATIVE PLACEMAKING. WE MENTIONED 240,000 GETS TRANSFERRED OUT IN AND THAT IS TO BE USED FOR THE CITYWIDE
CREATIVE PLACEMAKING WORK REAL ESTATE AND DEVELOPMENT RIGHT? SO WE'VE SET ASIDE 200,000 FOR DEVELOPMENT RELATED STUDIES THIS YEAR. I DO EXPECT THAT YOU'LL SEE MORE ACTIVITY AROUND THE
COMMERCIAL NODES REDEVELOPMENT STRATEGY AND THEN ANOTHER 200,000 FOR PREDEVELOPMENT COSTS OR DEVELOPMENT ASSISTANCE. WE WANT TO BE ABLE TO BE OPPORTUNISTIC IF THERE IS A PROJECT THAT COMES FORWARD THAT THE CITY WOULD REALLY
LIKE TO ENGAGE ON, WE'LL HAVE THOSE FUNDS AVAILABLE AND THEN 300,000 TO BUILD THE STRATEGIC ACQUISITION FUND AND THEN AS MARY KAY ALLUDED TO WHEN THERE ARE PROJECT SPECIFIC EXPENSES
PAID OUT OF THE TIFF ACCOUNTS OR 4300 WHICH IS THE SOUTH LOOP DEVELOPMENT FUND THAT'S NOT REFLECTED HERE. THOSE ARE MANAGED DIFFERENTLY
. AND THEN FOR BUSINESS RETENTION WE HAVE 51,000 IN MARKETING THAT'S EVENTS LIKE SELECT USA, OTHER OPPORTUNITIES TO WORK WITH COMMUNICATIONS TO ACTUALLY DO
A FULL MARKETING PLAN FOR THE CITY AND THEN WE HAVE ANOTHER 100,000 SET ASIDE IN ADMINISTRATIVE FUNDS FOR PROGRAMS, STUDIES ETC. AND AGAIN THAT'S AN OPPORTUNITY TO BE OPPORTUNISTIC.
WE CAN WORK WITH PARTNERS LIKE GREATER MSP OR WE CAN IF THE COUNCIL ETC. HAS SPECIAL INITIATIVES THEY WOULD LIKE US TO PURSUE THAT'S WHERE THAT
MONEY WOULD COME FROM. AND SO WITH THAT THAT'S A SUMMARY OF OUR BUDGET. JUST AS A QUICK REMINDER WE'VE BEEN THROUGH THESE STEPS IN AUGUST YOU APPROVE THE
PRELIMINARY BUDGET AND LEVY SEPTEMBER IT WENT TO COUNCIL. WE FILED WITH HENNEPIN COUNTY AND NOW WE ARE ASKING YOU TO APPROVE OUR FINAL LEVY RECOMMENDATION AND BUDGET
TONIGHT ON NOVEMBER 18TH SO WE CAN GO TO THE COUNCIL ON DECEMBER 8TH AND THEN BE FILED WITH HENNEPIN COUNTY SO YOU HAVE YOUR MOTIONS IN YOUR PACKET AS WELL AS UP HERE AND
I WILL STAND FOR ANY OTHER QUESTIONS QUESTIONS, COMMENTS OR IF PEOPLE WANT TO MOVE AHEAD. WE HAVE TWO MOTIONS THAT WE
HAVE TO HAVE HERE ON PAGE 25 OF YOUR PACKAGE. ONE IS IS RELATING THE FINAL LEVY AND THEN THE OTHER IS THE BUDGET. SO I WOULD ENTERTAIN THE FIRST
MOTION IF SOMEBODY WANTS TO MAKE IT. MR. PETERSON I THANK YOU MR. PRESIDENT. I MOVE WE ADOPT A RESOLUTION APPROVING THE FINAL LEVY FOR A YEAR 2026 PURSUANT TO MINNESOTA STATUTES SECTION 469
.053 SUBDIVISION FOUR BY THE PORT AUTHORITY OF THE CITY OF BLOOMINGTON. WE HAVE A SECOND LIKE COMMISSIONER HUNT ANY FURTHER DISCUSSION IF NOT ALL FAVOR
PLEASE SIGNIFY BY SAYING I I OPPOSED MOTION CARRIES SIX ZERO AND WE HAVE A SECOND MOTION. MR. PETERSON, YOU'RE ON A ROLL. MR. PRESIDENT, I MOVE THAT WE
ADOPT A RESOLUTION ADOPTING THE 2026 PORT AUTHORITY GENERAL FUND BUDGET AND SOUTH LOOP SPECIAL REVENUE FUND BUDGET. SECOND SECOND BY COMMISSIONER HUNT ANY FURTHER DISCUSSION AT
ALL IN FAVOR PLEASE SIGNIFY BY SAYING I I OPPOSED MOTION CARRIES SIX ZERO. GOOD. OKAY THANK YOU. THANK YOU.
ALL RIGHT. SO HOW ARE YOU GOT ADMINISTRATOR UPDATE? YES, THANK YOU PRESIDENT ERICKSON. I HAVE TWO VERY BRIEF UPDATES TODAY.
ONE IS YOU HAVE ALL BEEN INVITED TO JOIN US FOR THE BROKER BREAKFAST. THAT IS OUR THIRD ANNUAL AND I'M PULLING UP THE EXACT DATES RIGHT NOW BUT IF MART KNOWS THEM OFF THE TOP OF HER HEAD
SHE CAN SEE THEM. IT'S DECEMBER. THANK YOU. WEDNESDAY, DECEMBER 3RD FROM 8 TO 10 A.M. PLEASE DO RSVP YOU HAVE AN EMAIL INVITATION HELPS US GET A HEAD COUNT AND MAKE SURE WE HAVE A PLACE FOR YOU
TO SIT AND WE WOULD LIKE TO KNOW THAT YOU'LL BE ABLE TO JOIN US. YOU'D BE INTERACTING WITH THE REAL ESTATE COMMUNITY AND THEN OUR NEXT BLOOMINGTON ECONOMIC PARTNERSHIP MEETING WILL BE
THURSDAY, DECEMBER 4TH AND THAT ONE WILL BE FOCUSING ON WORKFORCE DEVELOPMENT WILL BE MEETING FROM 11 A.M. TO 1 P.M. AND OUR GUEST SPEAKERS WILL BE
DID HENNEPIN COUNTY NORMANDALE COMMUNITY COLLEGE AND JOHN WHICH IS AN INSURANCE COMPANY HERE THAT HAS A PRETTY UNIQUE APPRENTICESHIP PROGRAM THAT THEY DEVELOPED WITH NORM AND DALE.
AND AS A REMINDER FOR THOSE OF YOU NOT FAMILIAR THIS PARTICULAR PROGRAM WORKS WITH OUR LARGE EMPLOYERS AND OUR HIGHER ED AND TRAINING INSTITUTIONS TO TALK ABOUT HOW TO ATTRACT BUSINESS AND TALENT
TO BLOOMINGTON AND GROW OUR JOBS HERE. SO IF ANYONE IS INTERESTED IN PARTICIPATING IN THAT, WE'RE TAKING ON A DIFFERENT THEME EVERY QUARTER AND WE WOULD LOVE TO HAVE YOU.
IT JUST WOULD BE HELPFUL FOR ME TO KNOW IF YOU'RE COMING SO I CAN MAKE SURE WE ORDER LUNCH FOR YOU AND HAVE A SEAT AND THAT'S IT. OKAY. WELL NOTHING ELSE WILL WISH EVERYBODY HAPPY THANKSGIVING.
YEAH, HAPPY THANKSGIVING DECEMBER. ABSOLUTELY. AND THE NEXT TIME YOU SEE ME I WILL HAVE ROLLED OVER THE ODOMETER AND GONE FROM THE 70S
TO THE 80S ACTUALLY. >> HAPPY BIRTHDAY