Overview:RetentionProgram• Purpose: Help facilitate local business expansion
o Remove hurdles to existing industry growtho Identify ways City ED process can have positive impacto Avoid (or delay) adverse impacts for employers
• Project Highlights:o Most visits from May 2019 to Feb 2020; 64 responses as
of 5/1/20o Joint visits ongoing w/CRMEA + ED Partner Collaborationo Visit cross‐section of businesses in Cedar Rapids
Overview:CityBusinessSurvey• Existing industry in CR
surveyed since 2016• Content focuses on needs
and priorities of business community
• Measures business climate satisfaction
• New in 2020:• New economic forecast model• Indicator series forward
looking
Themes• Though disruptive, history shows pandemics tend not to change direction of long‐run growth patterns. • (e.g., Memphis 1887; NYC 1918)
• COVID‐19 shock increases short‐run economic volatility and uncertainty; expansion of industry clusters is key to recovery/building greater economic resiliency.
• Reinforce analytics capability to clear picture of how external environment relates to range of local policy actions.
RegionalEconomicAnalysis• June 8th: U.S. Enters
recession after 128 months of growth (NEBR)
• Data rich forecast model enhances insight into local conditions/response
• COVID‐19 Shock to global economy:• Supply• Demand• Wealth (Income)
Unemployment• April BLS figures:
• Iowa : 10.2%• Linn County: 12.4%• U.S.: 13.3%
• Widespread impact• 1 in 5 households
lost work overall• 2 in 5 under $40k
annual income
• “Reallocation Risk”• 77% of workers
losing jobs may be able to return…(?)
GrossDomesticProductU.S. GDP:
• Q1 & Q2: ‐4.8%; ‐35% • Q3 & Q4: Stabilization
• (2019) Weakness in business cycle• Manufacturing• Transport
• Current decline lead by services sector:• Retail (Storefront)• Hospitality • Bar & Restaurant
MarketTrends• Model confirms steady
Cedar Rapids population growth (Up to 1%/yr)
• Record US Savings Rate: 33%
• Return to CR disposable income baseline in 2022:• Retain or grow market’s
purchasing power• Maintain current
position in in attracting service sector investment
OpportunitiesSurvey Results:• 62.5% of companies participating plan to expand in next
three years.
• Companies report a high‐level of satisfaction with Cityservices and infrastructure
• Businesses rank workforce productivity, quality andstability very highly
• No difference in positive sentiment toward doing businessin Cedar Rapids between local office and corporate staff
• About 8% of companies responded that expansion wouldbe more likely with completion of flood control
ChallengesSurvey Results:• CR businesses still identify workforce as most important
issue
• However, crime and public safety, economic growth (jobs),and flood control, and street repairs all showed increases
• Qualitative feedback identified a need to continue toinvest in quality life and amenities
• 73% of companies report emerging technology will changehow industry operates
• Only around 60% of companies surveyed export
NextSteps• EDS anticipates economic and financial loss survey in second half
of 2020• Provide ongoing trends and conditions reporting as needed • Expand regional economic modeling toolkit (IMPLAN)• Perform value stream mapping for corn and soybean processing
industries to focus on cluster growth• Collaborative workforce needs survey already initiated • Engage external partners from regional to state level to forward
projects that enhance Cedar Rapids community’s economic resilience
PublicHearingtoContinueAcquisitionofEasementsfromAglandforTowerTerraceRoadReconstruction– FromMillerRoadtoI‐380June 23, 2020
ProjectOverview• 4 total parcels on this project; 2 ag land parcels
• Acquisitions include: temporary construction easements
• Iowa Code requires a public hearing when ag land is impacted
• Next Steps:
• Value the acquisition
• Meet with property owners to begin negotiations
• Construction proposed for summer 2021
PublicWorksRecommendationAdopting the resolution to continue the acquisition of temporary easements from agricultural property not yet acquired for an approved public improvement project.
Presentedby:Rita Rasmussen, SR/WAReal Estate Services Managerr.rasmussen@cedar‐rapids.org319‐286‐5802
ProjectDetails• Construction Cost Estimate = $150,000• Bid opening on June 24, 2020• Anticipated completion in Fall 2020
The Public Works Department recommends approval of the resolution to adopt plans, specifications, form of
contract and estimated cost for this project.
Presentedby:Brenna Fall, P.E.CIP Program Managerb.fall@cedar‐rapids.org319.286.5732
PROJECT DETAILS• CRANDIC Railroad crossing
improvements• Pavement repair and
rehabilitation• 4‐lane to 3‐lane conversion
ProjectDetails• Construction Cost Estimate = $1,935,000• Bid Letting on June 24, 2020• Construction scheduled for 2020 with Completion by July 2021
Presentedby:Brenna Fall, P.E.CIP Program Managerb.fall@cedar‐rapids.org319.286.5732
The Public Works Department recommends approval of the resolution to adopt plans, specifications, form of
contract and estimated cost for this project.
NoelridgeGreenhouseRoofRepairs
• The Noelridge Greenhouse consists of five greenhouse structures that are connected to each other on the sides.
• This spring a hail storm damaged the roof panels on all five greenhouse structures.
• This project will repair the damaged acrylic panels on three of the houses and the damaged glass panels on two of the houses.
NoelridgeGreenhouseRoofRepairs
• Insurance funds will cover the costs for this project.
• The construction estimate for this project is $180,000.
• Bids are due Wednesday, June 24, 2020.
• We expect work to commence in the late summer or early fall.
KeyFactsaboutProject• Replacing bleachers in 4 corners of NHL Arena with decks to accommodate groups.
• Requirement in long‐term lease agreement between City and Cedar Rapids RoughRiders
• Purchase and Installation Cost Estimate ‐$200,000
• Funding – ImOn Ice CIP funded by hotel/motel revenues.
• Bid Opening – June 24, 2020• Completion Date – September 2020
ImOn Ice Arena recommends approval of the resolution to adopt plans, specifications, form of contract and
estimated cost for this project.
Presentedby:Michael SilvaExecutive Director, [email protected]‐398‐5211
BidResults• Bids received on June 10, 2020
Curtis Contracting Corp., Cedar Rapids, IA $216,731.00Possibilities Unlimited, LLC, Cedar Rapids, IA $230,580.00Ti‐Zack Concrete, Inc., LeCenter, MN $331,378.00Tricon General Construction, Cedar Rapids, IA $358,666.50B.G. Brecke, Inc., Cedar Rapids, IA $369,789.00Eastern Iowa Excavating & Concrete, LLC, Cascade, IA $537,933.00
The Public Works Department recommends award of the contract to Curtis Contracting Corp. in the amount
of $216,731.00
Presentedby:Brenna Fall, P.E.CIP Program Managerb.fall@cedar‐rapids.org319.286.5732
Proposed Improvements• Rehabilitate sanitary sewer with cured‐in‐place liner
• Corrects defects found during routine inspection program
• Lining 442 feet of 18 inch pipe
BidResultsandAwardRecommendation• Bid Date: June 10, 2020 (2 bids received):
• The Public Works Department recommends award of the construction contract to Municipal Pipe Tool Company, Inc.
Municipal Pipe Tool Co., Inc., Hudson, IA $118,390.00
Insituform Technologies USA, LLC Chesterfield, MO $141,457.00
Background Received application for standard incentives from
OFB, LLC Project qualifies under the City’s Targeted District
Reinvestment – Economic Development Program Incentive provides a 10-year, 100% reimbursement
of increased taxes generated by the project
ProjectOverview
$850,000 total investment Construction of new 4-unit rowhouse
3-bedroom, 2.5 bath, 1,174 sq. ft.
Market Rate
For-sale, owner occupied
Recommendation
Staff recommends approval of Resolution of Support authorizing standard 10-year, 100% incentive:• $193,800 in total taxes generated over a 10-year
period• $146,700 reimbursed to the Developer (present
value of $95,200)
NextSteps
Presentedby:Caleb MasonEconomic Development Analystc.mason@cedar‐rapids.org319‐286‐5188
Today Resolution of Support
July Amend Urban Renewal Area Plan
August Development Agreement
Background Received application for standard incentives from
The Hub, LLC Project qualifies under the City’s Targeted District
Reinvestment – Economic Development Program, located in College District planning area
Incentive provides a 10-year, 100% reimbursement of increased taxes generated by the project
ProjectOverview
• $2 million investment• 3 – 4-unit town house buildings (12 total
units)• Market rate• Zero lot lines• Rental or owner-occupied
Recommendation
Staff recommends approval of Resolution of Support authorizing standard 10-year, 100% incentive:• $436,150 in total taxes generated over a 10-year
period• $341,500 reimbursed to the Developer (present
value of $221,500)
NextSteps
Presentedby:Caleb MasonEconomic Development Analystc.mason@cedar‐rapids.org319‐286‐5188
Today Resolution of Support
July Amend Urban Renewal Area Plan
August Development Agreement
Timeline November 6 – Steering Committee reviewed
objectives and evaluation criteria for RFP November 12 – Open House December 3 – City Council initiated RFP February 28 – RFP Proposal deadline June 3 – Steering Committee Review Today – City Council consideration of proposal
recommended by Steering Committee
DevelopmentObjectives
Master-planned, destination development Creates new attraction to downtown Complements existing amenities Contributes to a sense of place – architectural design
and walkability Integrates public gathering space
ProposalEvaluation
Steering Committee is recommending the City Council pursue the development proposal of 1st & 1st LLC: Capable Development team with demonstrated
experience Project creates new attractions & amenities Incorporation of housing Incorporates public gathering
1st &1st LLC– KingstonLanding Development partners: Joe Ahmann, Chad Pelley, Nate Kaeding,
Matt Swift, Southgate Companies Consultants: OPN Architects, Fusion Architects, Hall & Hall
Engineers Estimated Investment: $90-100 million Project components:
Spare Time Family Fun Center Movie Theatre (12-14 screens) Big Grove Brewery Parking Structure (600 stalls) 6 – mixed-use buildings Outdoor gathering area/public plaza
SteeringCommitteeRecommendationCity Council pursue the development proposal submitted by 1st & 1st LLC with thoughtful consideration to the following: Parking
Location & right-sizing to meet current and future needs Design compatibility within development
Multiple housing options & price points Design:
Strong connection to riverfront Sustainability View from I-380