HomeMy WebLinkAboutItem 04- Staff Response- Developer Support from SEDAAGENDA ITEM SUMMARY Meeting Date: 2/12/2024
Meeting Type: Regular Meeting
Department: CMO
Staff Contact: Allie Camp
S P R I N G F I E L D ECONOMIC Staff Phone No: 541-726-3688
DEVELOPMENT AGENCY Estimated Time: 10 Minutes
ITEM TITLE: STAFF RESPONSE TO CHAIR REQUEST- DEVELOPER SUPPORT FROM
SEDA
ACTION
REQUESTED:
No action requested, for information only.
ISSUE
STATEMENT:
During the November 13, 2023 meeting, the SEDA Board Chair requested a report
of financial support that SEDA has provided to projects since July of 2013.
ATTACHMENTS: 1. Board Briefing Memorandum
2. Investment maps of Glenwood and Downtown
DISCUSSION/
FINANCIAL
IMPACT:
In response to the Springfield Economic Development Agency (SEDA) Chair’s
request, the Board Briefing Memorandum (ATT 1) includes details on SEDA
dollars that have been utilized to assist projects in the Downtown or Glenwood
Urban Renewal Areas.
Staff conducted a review of past expenditures, contracts, agreements, building
permits, meeting minutes, and discussions with key staff, where applicable, to
compile this list. This data request includes the SEDA SDC Program expenses,
grants, loans, and investments on behalf of a project for infrastructure, business
support, or property acquisition. This report only includes items that were funded
with SEDA dollars.
Data collected for this list does not include investments made with City funds,
Enterprise Zone tax exemptions, assigned tasks with costs within exclusive
negotiating agreements, or support that was offered but not utilized by the
development team.
Additional discussion is provided in the Board Briefing Memorandum.
M E M O R A N D U M Springfield Economic Development Agency
Date: 2/12/2024
To: Nancy Newton BOARD
From: Allie Camp, Economic Development Manager BRIEFING
Subject: Staff Response to Chair Request- Developer
Support from SEDA
MEMORANDUM
ISSUE:
During the November 13, 2023 meeting, the SEDA Board Chair requested a report of financial
support that SEDA has provided to projects since July of 2013.
BACKGROUND:
The chart below outlines SEDA-funded support for projects dating back to 2008. Minimal
project support information was found for work prior to July 2013 (FY 2014); three projects
prior to the defined time frame have been included to provide a more complete narrative of
exchanges.
Reading the Data
• Downtown Urban Renewal support is shaded in green, Glenwood in blue. The maps for
each area use the same color system (ATT 2).
• Projects are numbered in the far-left column. This number is used to label their location
on the map.
• Projects are ordered by year. The lower the number, the earlier the investment; the
higher the number the more recent the investment. The year is assigned by when SEDA
approved dollars, when contracts and agreements were signed, or in the case of the SDC
program, when fees were assigned at permit issuance.
• Projects are defined by project site address. This address is typically what was submitted
as part of a building permit or a project description, however some projects stretch
across multiple tax lots. For simplicity, one address was used to indicate the location.
Properties being purchased or sold is labeled with the appropriate multiple addresses or
tax lots.
• Recipients of SDC payments were identified by using the property owner indicated on
the building permit applications. Recipients for other avenues of support were identified
through invoices, project history, meeting minutes, or agreements for purchase, sale,
lending, or grants.
• SEDA SDC support does not include a description of use because it is standard across
each project. This support is SEDA paying the system development charges for the City-
managed stormwater, wastewater, and transportation systems applied at the time of
permit issuance for new developments and tenant improvements within the Urban
Renewal Districts.
Attachment 1
Page 1 of 4
MEMORANDUM 2/8/20242/6/2024 Page 2
Date
Project
Location
Support
Type Recipient Amount
Support
Description
1 2008
505 Main
Street Grant St. Vincent de Paul $30,000
Royal Building
interior finishes
2 2008
402 Main
Street Grant A3 $20,000
Main Street
window
installation
3 2014
3005 Franklin
Boulevard
SDC
Payment DHRU LLC $338,483.96
4 2015 418 A Street
SDC
Payment
Neighborhood
Economic Development
Corp $1,602.69
5 2015 418 A Street
SDC
Payment
Neighborhood
Economic Development
Corp $686.87
6 2016
307.5 Main
Street
SDC
Payment Thirdmain LLC $7,033.49
7 2016
3003 Franklin
Boulevard
SDC
Payment JM Hotel LLC $402,861.22
8 2017
3111 Franklin
Boulevard
Covered
expense Alpesh Patel, $49,664.60
Power line
removal
9 2017
1072 Main
Street
SDC
Payment
Springfield Church of
the Brethren via St
Vincent de Paul $89,272.32
10 2017
1291 S. A
Street
SDC
Payment Parr Lumber Company $158,864.13
11 2018
2000 Nugget
Way
SDC
Payment United States Bakery $29,363.45
12 2018
338 Main
Street
SDC
Payment Masaka Properties LLC $29,891.09
13 2018
160 S 14th
Street
SDC
Payment WJS Partners LP $45,648.20
14 2018
330 Main
Street
SDC
Payment Masaka Properties LLC $22,741.74
15 2018
303 Main
Street
SDC
Payment Thirdmain LLC $9,292.48
16 2018 418 A Street
SDC
Payment LTE-418 A SPFLD LLC $2,511.48
17 2018
345 Main
Street #1
SDC
Payment Masaka Properties LLC $753.44
18 2018 418 A Street
SDC
Payment LTE-418 A SPFLD LLC $2,008.99
19 2018
4000 E. 22nd
Avenue
SDC
Payment Miranda Alberto $25,006.52
20 2018 418 A Street
SDC
Payment LTE-418 A SPFLD LLC $1,297.00
21 2018
521 Main
Street
SDC
Payment Brelia LLC $1,037.00
22 2018
420 Main
Street
SDC
Payment PKRK LLC $22,943.60
23 2018
338 Main
Street
SDC
Payment Masaka Properties LLC $17,130.24
24 2019
111 Main
Street
SDC
Payment
Slonecker Investments
LLC $778.30
25 2019 418 A Street
SDC
Payment LTE-418 A SPFLD LLC $18,476
26 2019
338 Main
Street
SDC
Payment Masaka Properties LLC $1,816.04
27 2019
330 Main
Street #A
SDC
Payment Masaka Properties LLC $3,891.51
Attachment 1
Page 2 of 4
MEMORANDUM 2/8/20242/6/2024 Page 3
28 2019
111 Main
Street
SDC
Payment
Slonecker Investments
LLC $2,594.34
29 2019 840 A Street
SDC
Payment
Cleveland Properties
LLC $9,050.87
30 2019
3111 Franklin
Boulevard
SDC
Payment Alko 501 LLC $414,110.35
31 2019
1444 Main
Street
SDC
Payment Scooter 97 LLC $1,603.29
32 2019
521 Main
Street
SDC
Payment Brelia LLC $1,336.07
33 2019
349 Main
Street
SDC
Payment Masaka Properties LLC $3,473.79
34 2019
414 Main
Street Grant Nessco Investment Co 50,000
Facade and
building
improvements
35 2019
111 Main
Street Loan Swallowtail Spirits $125,000
3.6% interest,
interest only
payments for
first three years,
10 year loan.
36 2019
4258 Franklin
Boulevard Loan
Ramsey-Waite Co, Inc./
Karotko, LLC $200,000
Funds provided
through sale
agreement for
business
relocation
support
37 2020
5000 Franklin
Boulevard
SDC
Payment
Wildish Industrial Dev
Corp $89,049.28
38 2020
702 and 740
A Street Grant The Motors, LLC $50,000
Redevelopment
study for three
tax lots
39 2020
702 and 740
A Street Grant The Motors, LLC $10,000
Phase II
environmental
40 2021 740 A Street Loan Blue McKenzie LLC $200,000
Predevelopment
loan
41 2021 740 A Street Loan Blue McKenzie LLC $1,800,000
Predevelopment
loan
42 2021
226, 228,
230, 236, 240
Main Street
Acquisition
of property $790,000
Land acquisition
Downtown
development by
Masaka
Properties LLC
43 2021
3028 Judkins
Road
SDC
Payment
DND Land Company
LLC $801.64
44 2021
4748 Franklin
Boulevard
SDC
Payment
Adams Land and
Properties LLC $3,065.20
45 2021 656 A Street
SDC
Payment Canterberry James $4,008.22
46 2022 444 B Street
SDC
Payment
Red Viking Holdings
LLC $5,721.53
47 2022
215 Main
Street
SDC
Payment 215 Main Street LLC $7,083.80
48 2022
448 Main
Street
SDC
Payment Masaka Properties LLC $71,740.29
49 2022
226, 228, 230
Main Street
Resale of
property
Smithworks Properties
LLC $365,000
50 2022 150 4th Street
SDC
Payment Planktown LLC $3,718.94
51 2023
715 Main
Street
SDC
Payment
MDS Development
Group LLC $5,674.58
52 2023
112 Main
Street
SDC
Payment Dahlquist Norm $9,559.34
Attachment 1
Page 3 of 4
MEMORANDUM 2/8/20242/6/2024 Page 4
53 2023
448 Main
Street
SDC
Payment Masaka Properties LLC $3,583.94
RECOMMENDED ACTION:
No action requested, for information only.
Attachment 1
Page 4 of 4
Attachment 2
Page 1 of 2
Attachment 2
Page 2 of 2