Wyoming Business Council Board of Directors Meeting · 2016. 12. 12. · Minutes - December 2016...

Board of Directors Meeting

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Wyoming Business Council

December 8-9, 2016 . Cheyenne, Wyoming

IncreasingWYOMING'S

Prosperity

A-3Agenda - December 2016

Board of Directors Agenda Cheyenne, Wyoming • Little America Hotel & Resort • December 8-9, 2016

THURSDAY, DECEMBER 8, 2016(Times and order of agenda are tentative and subject to change without notice)

Thursday dress code is business attire.

8:15 a.m. Annual Board member group photo shoot (meet at Little America front entrance)

8:30 a.m. Convene Public Meeting – Little America Hotel and Resort, Wyoming Room, 2800 W. Lincolnway

• Welcoming remarks, Board Co-Chairman Jim Espy

• Introduction of Board members

8:35 a.m. Action Item: Consideration of approval of minutes from Sept. 7-8 Board meeting (Section A) 8:40 a.m. Strategic Reports and Discussion

• Regional reports (regional directors)

• Wyoming Main Street program (Matt Ashby, Wyoming Main Street Advisory Board)

• Communications (Ron Gullberg, Communications Director)

o Website redesign

o “Real Wyoming” video series

• Manufacturing sales tax exemptions (Ben Avery, Business Initiatives Director) Pages: A-23 – A-28

• Association of Wyoming Manufacturers (Rex Lewis)

• Business development update (Lisa Johnson, Business Development Director)

• Performance report (Tom Johnson, Chief Performance Officer)

• CEO report (Shawn Reese, Chief Executive Officer)

10:15 a.m. Break

10:30 a.m. Discussion with WBC Co-Chairman/Governor Matt Mead

11 a.m. Resume Strategic Reports and Discussion

Noon Lunch Break

• Provided for Board/staff on site

• Guests may wish to enjoy one of the local restaurants

Agenda - December 2016A-4

1:30 p.m. Community Grant and Loan Committee Reports (Section B)

• Megan Goetz, Chair

• Sandy Quinlan, Community Development Block Grant program manager, will present staff recommendations for the following applications:

Introductions will be made and comments received on all projects before a motion is made or vote taken.

Action Items: o Motion needed on each application

o Consideration of staff recommendations

2 p.m. Community Grant and Loan Committee Reports (Section B)

• Megan Goetz, Chair

• Julie Kozlowski, Community Development Director, will discuss the status of previously funded projects and present staff recommendations for the following Business Ready Community grant and loan program applications:

Introductions will be made and comments received on all projects before a motion is made or vote taken.

Action Items: o Motion needed on each application

o Consideration of staff recommendations

3:30 p.m. Break

Applicant Project Project TypeAmount

Requested Recommendation1 Albany County Community Facility Big Brothers Big Sisters Community Mentoring Center Phase II $499,857 488,857$ 2 Fort Laramie Public Infrastructure Sewer/Water Lines Replacement/Sewer Lagoon Project $322,229 322,229$ 3 Deaver Public Infrastructure Potable Water Distribution System and Fired Hydrant/Fire Flow Upgrade $489,000 489,000$ 4 Rock Springs Elimination Slum/Blight Demolition of Downtown Buildings $500,000 500,000$ 5 Rawlins Elimination Slum/Blight Adaptive Reuse of Historic Guards' Quarters $500,000 500,000$ 6 Evansville Public Infrastructure Sidewalk Installation $356,000 356,000$ 7 Washakie County Community Facility County Library Ten Sleep Branch Expansion $136,117 136,117$

TOTAL $2,803,203 $2,792,203Available CDBG Funds $2,792,629Remaining CDBG funding if projects are funded $426

CDBG Application Summary

Project Type RequestStaff

Recommendation

HiViz Phase II Business Committed 3,000,000$ 3,000,000$

Empress Redevelopment Community Readiness 3,000,000$ 3,000,000$ Glencoe Junction Community Readiness - Grant 3,000,000$ -$

Glencoe Junction Community Readiness - Loan 1,250,000$ -$

Guards' Quarters Renovation Community Enhancement 500,000$ 500,000$

10,750,000$ 6,500,000$

BRC Applications Received September 1, 2016

3a. Lincoln County

Total Requests

Applicant

3b. Lincoln County

4. Old Pen Joint Powers Board

2. Laramie, City of

1. Laramie, City of

A-5Agenda - December 2016

3:40 p.m. Personnel, Budget and Audit Committee Report (Section C)

• Pete Illoway, Chair

• Diane Joyce, Chief Financial and Administrative Officer, will present current financials

Action Item: Consideration of acceptance of financial statements

• Audit Report – Robert Dahill of McGee, Hearne and Paiz

Action Item: Consideration of acceptance of report

• Chava Case, Human Resources Manager, will give a personnel update

4:15 p.m. Business Contract and Loan Committee Report (Section D)

• Kelly Lockhart, Chair

• Josh Keefe, Economic Development Finance Manager, will report on Challenge Loan reporting requirements

Action Item: Consideration of acceptance of report 4:20 p.m. Other Board Matters

• Recognition of outgoing staff members Dave Spencer and Linda Hollings

• Comments from outgoing Board member Lynne Michelena

• Comments from outgoing Co-Chairman Jim Espy

• Nominating Committee appointments

• Proposed meeting dates/locations for 2017

o March 8-9 Casper (?)

o May 17-18 Hulett (?)

o Sept. 13-14 Alpine

o Dec. 6-7 Cheyenne

4:45 p.m. Closing Remarks and Adjournment

FRIDAY, DECEMBER 9 (Times and agenda are tentative and subject to change without notice) Friday dress code is business casual. 9 a.m. Tour of Cheyenne Economic Development Sites

Note: Tour is expected to end about noon.

A-7Minutes - December 2016

DRAFT

Board of Directors Meeting Worland, Wyoming – Sept. 8, 2016

BOARD MEMBERS PRESENT

Ron Harvey, Mike Easley, Aaron Sopko, Lynne Michelena, Kelly Lockhart, Cactus Covello, Jim Espy, Megan Goetz, Mike Wandler, Pete Illoway, Jay Anderson, Mike Sullivan, and Allen Hoopes

BOARD MEMBERS ABSENT

Greg Hill and Tom Scott

WBC STAFF PRESENT

Shawn Reese, Julie Kozlowski, Sandy Quinlan, Diane Joyce, Thomas Johnson, Ron Gullberg, Grant Gering, Tom Dixon, Lisa Johnson, Ben Avery, Josh Keefe, Ben Peterson, Kimberlie Rightmer, Dave Spencer, Leah Bruscino, Pat Robbins, Elaina Zempel, and Roger Bower

CALL TO ORDER/WELCOME/INTRODUCTIONS

Jim Espy convened the meeting at 8:32 p.m. Ron Harvey introduced Niobrara County Commissioner Richard Ladwig and Washakie County Commissioner Aaron Anderson. Commissioner Anderson talked about the museum facilities, medical center renovations, outdoor amenities and rock climbing in Washakie County. He talked about state investments in Worland like the community center and the Fairview Business Park. Anderson mentioned the Ten Sleep library expansion and its mission to give kids somewhere to go after school.

Board members introduced themselves.

MINUTES

Minutes from the May 26, 2016 board meeting were presented for approval. Motion: Moved by Pete Illoway and seconded by Kelly Lockhart. Unanimous approval. Motion passed.

CEO REPORT

CEO Shawn Reese talked about the 20-year strategic plan requested by Gov. Matt Mead. He offered statistics showing Wyoming is the least diversified state in the union, including D.C. and territories. He called Washakie County among the top tier in Wyoming in terms of diversification. Wyoming has created 16 different plans since 1962. Wyoming’s GDP is 15 percent government activity. Thirty-five percent of the private sector is mineral-based. Espy said the governor wants to reconvene in three weeks.

Minutes - December 2016A-8

Reese said the Business Council received the federal STEP grant for export assistance. He also explained a toolkit for housing is being created. He talked about the third global tech summit in Jackson and the relationships built from it. He said the Business Council is honing in on the advanced industries it will focus on. He said the Business Council is looking for value-added opportunities. Reese said the University of Wyoming is doing comparative tax analysis between Wyoming and other western states. He called the Power Company of Wyoming’s Chokecherry-Sierra Madre and TransWest wind and transmission projects a tremendous opportunity. Reese said the Legislative Service Office is evaluating the Business Ready Communities program, and he added that their recommendations should come sometime in the fall.

REGIONAL REPORTS

Northwest Regional Director Leah Bruscino provided updates from the Northwest Region including:

• The Hot Springs Red Rocks Business Park was sold earlier this year to the Wyoming Dinosaur Center.

• The Greybull town administrator said of 15 lots in their business park, 11 have been sold. The town is planning an additional 21 lots.

• Innovention, a nine-month intensive course for inventors who want to start a business, is about to start. The inventor of the Illumibowl will kick off that course with a speech. Participants will also get space in Powell Makerspace.

• A drones, UAVs and remote-piloted aircraft conference was recently held at Northwest College. Wyoming can be a good place to develop and test the technology. The conference talked about what policy needs to be in place to encourage industry.

• Downtown Thermopolis is holding OktoberFest.

• Worland is the newest Main Street community in the Northwest Region.

• Thermopolis is holding a brownfield conference about how to turn those spaces into new projects.

• The Washakie leadership institute is in its seventh year.

Northeast Regional Director Dave Spencer said commodities are down, which is hurting the local economy. However, local officials are committed to not losing what they have and to staying ahead of the curve. To that end, Sheridan, Johnson and Campbell counties have created the NEW Growth Alliance.

Spencer said he’s been working with the university to add value, recruit industry. Several prospects have visited the Powder River Basin. Carbon nanotubes, fuel, other uses may be opportunities.

He said Sheridan has sold $1.4 million in property, including business parks the Business Council has supported. That money is being reinvested in the community.

The region is in better position than it was in the ‘80s and ‘90s, during the last bust, Spencer said.

The ITC broke ground earlier this year. Companies will use the facility to test new uses for carbon. That piqued XPrize’s interest. About 45 companies have applied to that contest. The winner gets $10 million.


West Central Regional Director Roger Bower discussed a research pharmacologist who works with 3M. Bower put her in touch with Bill Gern at UW. The Small Business Development Center then helped her put together a business plan and helped her get into a lab in Jackson.

He said last-mile broadband is his personal project. Worland is one of just a few gigabit cities. That was an $8 million project for the local internet service provider.

South Central Regional Director Pat Robbins said the Chokecherry project would be huge, drawing rail, suppliers and vendors. Robbins is working to help create a local leaders program. Retail is coming to Sweetwater County.

She talked about the importance of having a workforce ready for the trona industry.

Pete Illoway said Laramie County Community College is doing work with Sinclair Refinery. He thought it could tie in with Sweetwater County’s work.

East Central Regional Director Kim Rightmer said Converse County has suffered, but is moving forward. McGinley Orthopedics tripled its anticipated number of jobs. Many of the hires have come from the minerals industry.

Lusk is working to renovate downtown following last year’s flood. The new recovery manager will work on economic development and housing.

She talked about the creation of a quilting destination in Lusk.

Southwest Regional Director Elaina Zempel said the project to improve internet connection in Kemmerer and Diamondville is underway. She said there is a prospect looking to expand.

PERSONNEL, BUDGET AND AUDIT REPORT

CFAO Diane Joyce said year to date expenditures are about $37.7 million. That is higher than last year, but most of that variance comes from grant activity. Personnel is lower than last year, primarily because of budget restrictions. Data services are lower because of decreases in costs and one-time expenses last year. Professional service expenditures are comparable.

Motion to accept Financial report made by Covello, seconded by Lockhart. Unanimous. Motion approved.

Reese said the Business Council cut another 4.8 percent of its budget, mostly from BRC in addition to what came out of legislative session, the budget was cut more than 22 percent.

Seven unfilled positions have gone back to state general fund. Several people are expected to retire in the next few years.

Reese highlighted some organizational changes – namely, merging Business and Industry Division and Agribusiness Division into Business Development. Lisa Johnson heads that new division. Julie Kozlowski heads the Community Development Division, which includes the State Energy Office. Two new leadership positions – Initiative directors - will be champions of the strategic plan. Interviews will be held to hire industrial development manager and advanced industries manager. Espy offered the executive subcommittee’s support of the new reorganization plan.


COMMUNITY GRANT AND LOAN COMMITTEE

Committee Chair Megan Goetz asked Julie Kozlowski, Business Ready Community (BRC) Program Manager, to address the BRC grants.

Kozlowski discussed two projects previously approved but not yet started.• $1.5 million grant to Fremont County for a road project previously approved as a Business Committed project

(with the Cameco Corporation). Staff recommended changing the project to Community Readiness, as there may be job creation potential in the future, but the road is still essential. Fremont County has committed many resources.

• $766,665 grant to the Jackson Hole Sustainability Joint Powers Board for a compressed natural gas project. The JPB requests the ability to do a new request for proposals, to select a new site and new timeline which the project proponents provided. Staff recommends extending the deadline to Dec. 31, 2017, changing the station’s ownership to the town of Jackson, revising the budget and changing the project location.

Motion: Illoway moved and Lockhart seconded approval of the staff recommendation on the Fremont County Cameco project. Motion passed.

Motion: Hoopes moved and Easley seconded approval of the staff recommendation on the Jackson Hole Compressed Natural Gas project. Motion passed.

BUSINESS READY COMMUNITIES (BRC) PROGRAM

Kozlowski said $38.7 million is still available to the program for this budget cycle (about $4 million per quarter based on the allocation plan). Two projects were withdrawn. Three are presented today for consideration.

Applicant Project Amount Requested

Amount Recommended

Old Pen JPB Adaptive Reuse of Historic Guards Quarters $1,208,413 $ 0Lander, City of Lander visitor and Chamber Business

Complex$466,210 Grant$313,710 Loan

$466,210 Grant$194,316 Loan

Niobrara County Community Development Plan $50,000 $44,035 Old Pen Joint Powers Board – Historic Guards QuartersThe Old Pen JPB requests $1,208,413 for the renovation of the historic guards quarters at the Frontier Prison in Rawlins. The space will be leased to the Carbon County Visitors Council and another potential business. Public restrooms will also be constructed. Lease payments will go to operations, maintenance and future projects.

Staff does not recommend funding, as staff does not feel the project is Community Readiness; staff encourages the community to pursue this as a Community Enhancement project. Pat Robbins, South Central Regional Director, disagrees with the recommendation. She believes tourism is a target market for Carbon County, and the Old Pen is a primary asset. About 14,000 people visit the building every year. The JPB wishes to expand that infrastructure to expand the tourism base. She believes it is a Community Readiness project.

Board members discussed the project, rule requirements and rule waivers, Community Enhancement versus Community Readiness grants, setting a precedent for future request, space lease options, waiting until December meeting to consider the grant with CDBG funds, bonding or 6th penny tax assessment to fund the project and income received from the project. Community representatives spoke in favor of the project.

Motion: Lockhart moved the project be resubmitted as a Community Enhancement and be considered again at the December meeting. Illoway seconded. Motion passed.


City of Lander – Lander Visitor and Chamber Business Complex Lander requests a $466,210 grant and $313,710 loan to build a new 3,400 square-foot visitor and chamber business complex. Some in the community wanted assurance that the current chamber building will be left where it is, as it used to be the railroad depot and has sentimental and historic value. The town is willing to accommodate that request and has selected a site for the new building versus demolishing the current structure and rebuilding on the site. Staff recommends a $466,210 grant and a $194,316 loan due to limited funding. This leaves a funding gap. Community representatives spoke in favor of the project.

Motion: Illoway moved to recommend the project to SLIB as suggested by staff. Wandler seconded. Motion passed.

Niobrara County – Community Development PlanNiobrara County requests a $50,000 planning grant for a housing and community development plan, which will be a flood recovery blueprint. Covello called the flood a catastrophic event and said he supports project. Illoway asked what happens if EDA does not support the project (which provides the project match). Kozlowski said the project wouldn’t move forward, but she expects the project to be approved.

Motion: Hoopes moved to forward the project to SLIB as recommended by staff. Covello seconded. Motion passed.

OTHER BUSINESS

Kevin Kershisnik, from Riverton IDEA, thanked the board for the Honor Farm project. The developer has brought retailers out, and he expects something by fall 2017. Allen Moore, president of IDEA Inc., talked about the history of IDEA and how grants have been used for infrastructure in the community. He reviewed a number of projects that have been completed and paid off.

BUSINESS CONTRACT AND LOAN COMMITTEE

Ben Avery described Energy Office programs. He presented the Wyoming Energy Conservation Improvement Program (WYECIP) report.

Motion: Illoway moved and Hoopes seconded to accept the WYECIP report. Vote was unanimous. Covello abstained. Motion passed.

Josh Keefe described the status of the Challenge Loan financials. Motion: Covello moved and Illoway seconded to accept the Challenge Loan report. The vote was unanimous. Motion passed.

Keefe described the Economic Development Large Project program, its requirements, and its process. CEO Reese said that, unlike the BRC program, where money can’t be loaned to private companies, the Wyoming Constitution was amended in the 1980s to allow loans for companies. The loans are known as Amendment 4 loans. Challenge loans were the next generation of these sorts of loans, and the economic development large loans are the newest iteration. The Legislature discontinued industrial development bonds, and the large loan is what took its place. Avery said repayment of any funds loaned through this program would go back to the large loan account.

Keefe recommended keeping $4 million in the Challenge Loan account based on historical demand. The evaluation process used by staff includes a third-party projection of assessed valuation based on direct increases, not indirect or induced increases. That analysis is what staff used to recommend loan amounts. Lockhart said he was happy to see three applicants, and called all three great businesses.

Reese said SLIB will look at the recommendations as the next step in the approval process. Final approval is through the governor.


STANDARD ALCOHOL Keefe said Standard Alcohol combines natural gas and CO2 to create a fuel additive for regional refineries. The Denver-based company has invested $9M in its company to date. Robert Mulverhill, company chairman, introduced his team. Standard has worked with the Business Council over the last four or five months. He was thankful for the $17 million recommendation. He called the product a hyper-low carbon resource used in fuel additives. The company chose Wyoming because infrastructure and rail was there and ready. There is space for expansion. Standard wants to break ground in the first quarter of 2017. The company has worked with the UW School of Energy Resources and has an extensive intellectual property portfolio. Mulverhill said they can take $2 natural gas and make a $10 or $12 liquid. It’s a complement to corn ethanol. Standard uses a World War I era technology, but fracking has made this a viable business. Mulverhill said the product is not being made in commercial quantity, and rather than sign long-term contracts, he wants many clients. He wants two more plants, and he says the demand is there. Mulverhill said the relationship with UW will help the company continue research. The total project cost is estimated at $76M. Staff recommendation for the project was a loan up to $17,440,000 with other conditions spelled out in staff report.

ATLAS CARBON Keefe said Atlas Carbon has been in Gillette a couple years producing 16 million tons of activated carbon annually. Frank Levy and Mike Jones introduced themselves as representatives of Atlas. Activated carbon absorbs mercury and filters water. The Business Council asked them to prove the technology works. Keefe said they’ve done that and are now approaching the Business Council again for help with production. Levy thanked Keefe for his work reviewing the project. He said Atlas is a startup with proven technology. He called the company Wyoming-focused and a value-added opportunity for Powder River Basin Coal. He said 80 percent of the money spent on construction will be spent in Wyoming on contractors and the like. He said an international Fortune 500 company is involved with Atlas Carbon. He added that Atlas is the only company adding value to PRB coal. Levy said the market demand is higher in the East, but there is enough business in the West. The total project cost is estimated at $25M. Staff recommendation was a loan up to $6,530,000 with other conditions spelled out in staff report.

CODY LABS Keefe said Cody Labs makes medicines and employs 117 people. The Cody Labs manufacturer emphasized wanting to become as much or more of a manufacturer than a laboratory. The company was founded in 2000 and later purchased by Lannett. The expansion of the current operation would increase the number of full-time equivalent employees by 18. Bernhard Opitz, President of Cody Laboratories, Inc., stated that he was appreciative of the staff recommendation, but was unsure if the Lannett Board of Directors would accept the recommendation. The total project cost is estimated at $45M. Staff recommendation was a loan up to $9,865,000 with other conditions spelled out in staff report.

Motion: Wandler moved to place all three projects on a consent agenda, and Sullivan seconded. Unanimous approval with Easley abstaining. Motion passed. Illoway then moved and Hoopes seconded to forward the staff’s recommendations to SLIB. Unanimous approval with Easley abstaining. Motion passed.


CONTRACTS

Contracts with Small Business Development Center in the amount of $1,527,566 for two years, Procurement Technical Assistance Center, $267,774 for two years, and Wyoming Women’s Business Center, $308,272 for two years, were presented by Tom Johnson. These partners and programs make money for the taxpayer, he explained.

Motion: Sullivan moved and Covello seconded to approve the contracts in the amounts recommended by staff. Unanimous approval. Motion passed.

RULE REDUCTION

Reese said this is part of the governor’s initiative to both reduce and eliminate rules. Rules presented for repeal included the following: Community Development Block Grant rules; Community Facilities Program rules; Seed Capital; Wyoming Housing Infrastructure; and Wyoming Main Street loan rules

Reese explained the rule repeal is consistent with the governor’s initiative to reduce rules by 1/3.

Motion: Illoway moved, Wandler seconded to approve the repeal of the rules as presented. Unanimous approval. Motion passed

OTHER BUSINESS/ADJOURNMENT

The Dec. 8-9 board meeting in Cheyenne was announced. There being no other business, the meeting adjourned.

Respectfully Submitted:

_____________________________________________________________________________________________Tom Dixon, Recorder Date

_____________________________________________________________________________________________Pete Illoway, Secretary/Treasurer Date

A-15Welcome - December 2016

Capital city targets downtown renewal, watches tech flourish, nurtures industrial sector

Underlying a tumultuous 2016 for Cheyenne and Wyoming were storylines of recent economic development efforts bearing fruit and new enthusiasm for the city’s heart. Major technology sector recruits like Microsoft and the National Center for Atmospheric Research continue to garner national headlines. Locally, a cadre of diverse entrepreneurs are showing their faith in downtown

by opening an array of businesses from restaurants and bars to tech schools and colocation studios. A sluggish state economy and competition for business recruitment and tourism dollars from Colorado remain stiff challenges for the Magic City of the Plains, but private and public investment in economic diversification and local infrastructure are proving their worth.

Think Small, Think Local For the first time in recent memory, many organizations with different objectives now agree on the importance of enlivening downtown.

The Cheyenne Downtown Development Authority, Cheyenne LEADS, the Greater Cheyenne Chamber of Commerce, the Cheyenne City Council, the Laramie

Welcome to Cheyenne

Welcome - December 2016A-16

County Commission and more have thrown their support behind the Downtown Core Plan. The plan calls for lighting, cleaning and building up the downtown during the next two to three years. Cheyenne voters this spring will consider $2.35 million in sixth-penny funds for downtown renovations, including alley upgrades and more lights. Meanwhile, a temporary 2,400 square-foot ice rink will be installed at the Cheyenne Depot Plaza this winter, and design work is underway for a permanent summer spray park at the same location. This fall, local business and government leaders formed the Building Revitalization Coalition to address abandoned and decrepit buildings downtown. Enforcement of the nuisance code will be part of the initiative. The city is also expected to bid out for wayfinding signs in the coming months. Ongoing projects include adding new murals, building on a successful initial food truck rally at the depot plaza, conducting a downtown parking study and adding art to Capitol Avenue. Another new initiative is the bike-sharing program called ReRide, which launched this spring. The bright yellow bicycles can be found at nearly a dozen spots across the downtown area and near Frontier Park, offering visitors and locals a different way to see the city.

The public interest in downtown is helping spark buy-in by small business owners, too. A developer with a history of renovating historic hotels in Colorado and historic residences in Hawaii purchased the Plains Hotel, downtown’s 105-year-old crown jewel, last winter. The 16th Street Mercantile opened inside the hotel shortly after. Summer saw the opening of award-winning Tasty Bones BBQ and Bakery, followed in rapid succession by the Himalayan Café by a Nepali immigrant and her husband, the Accomplice Brewing Company in the historic depot, a family arcade called Flippers and a new Mexican restaurant. It wasn’t just the service sector blooming in Cheyenne. The Cheyenne DDA/Main Street and Wyoming Main Street, a program of the Wyoming Business Council, provided $25,000 to start a one-year pilot program that provides 2,000 square-feet of shared working space for local artists. Not far away, the owners of the Majestic and Paramount buildings finished major

renovations, including opening a coworking space. The Second Floor at the Paramount jumped feet first into a nationwide trend of shared office spaces for entrepreneurs. The facility provides conference rooms, a kitchen and other amenities to small business owners. The business boasts 14 clients. Think New

One of The Second Floor’s clients is Array, School of Technology and Design. Founder Eric Trowbridge is a Cheyenne native who spent nearly a decade working for Apple. He had to go out of state for school but wanted the next generation of coders and programmers to have the option of staying in Wyoming. Some of the dozen students in the inaugural class came from the energy field with hopes of starting new careers. Trowbridge told the Wyoming Tribune Eagle students at similar schools around the country can expect to land $75,000 entry-level jobs within six months of graduation.

A-17Welcome - December 2016

Elsewhere in Cheyenne, technology stalwarts like Microsoft and NCAR have also made big impacts this year. Last winter, NCAR announced it was building a new supercomputer at its North Range Business Park site. Nicknamed “Cheyenne,” the new machine is expected to be among the 30 most powerful computers in the world. Once it becomes operational in 2017, Cheyenne will be capable of making 5.34 quadrillion calculations per second, which will help researchers from around the country study everything from air pollution and climate change to solar disturbances. Since NCAR opened in 2012 with the help of a $4.5 million Business Committed grant from

the Business Council, the original supercomputer, “Yellowstone,” has been used by 2,200 scientists from 300 universities. University of Wyoming researchers also have dedicated access to the system. NCAR’s neighbor, Microsoft, made headlines this fall when it committed to buying 273 megawatts of wind energy, the largest such purchase in the company’s history. More than 20 percent of that energy, enough to power 21,000 homes, will come from local wind farms Happy Jack and Silver Sage. All told, Microsoft will be able to power its Cheyenne data center entirely with wind. Another Cheyenne data center, Green House Data, is close to outgrowing its facility and may soon need to expand. The Business

Council provided $3.75 million in Managed Data Center Cost Reduction grants since 2010. In return, the company invested $32.5 million to build a 10,000 square-foot facility that was later expanded into a 35,000 square-foot building. Green House Data recently announced its space is three-fourths full. Think Big

The tech industry wasn’t the only business sector to see big gains this year. Firearms accessories manufacturer Magpul Industries tripled its job commitments and now employs 270 workers. Fewer than 10 of those employees live outside Laramie County, according to company officials.

Cheyenne, the brand-new supercomputer, has been installed at the Wyoming Supercomputing Center, and acceptance testing of the system began in November.

Welcome - December 2016A-18

The Business Council enticed Magpul with an $8.3 million grant for Cheyenne LEADS to purchase a 185,000 square-foot warehouse in the Cheyenne Business Parkway shared by Sierra Trading Post. Magpul provided a $450,000 match. Sierra Trading Post moved its operations to a new warehouse this year, expanding its footprint by 350,000 square feet. The move is expected to create 330 jobs. It also means Magpul is free to expand into the rest of its warehouse and add more jobs. The near future is full of exciting developments for Laramie County. Cheyenne Regional Airport expects to break ground on its new terminal

in April 2017. The Business Council provided a $3 million grant to build the 28,700 square-foot facility, new parking lot, aircraft parking apron and road system. There will also be nine new lots available for business, industrial and retail development. A thriving local airport is vital for the recruitment of new companies. Elsewhere in Laramie County, Wyoming Malting Company and Pine Bluffs Distilling expects to be open for business next year. The value-added agriculture company plans to produce about 600,000 pounds of malts per year. Wyoming’s 18 breweries use about 936,000 pounds. There are only 31 malting companies nationally.

The Business Council provided a $2.86 million grant toward the project. The money leveraged about $700,000 in private investment. The business plans to employ 10 people and Cheyenne LEADS will recapture about $1.3 million from the project. Like every community in Wyoming, Cheyenne will face economic strains to its school systems and government services. However, investment by both private and public entities have ensured the city is well-prepared to face the downward trend and continue to create a place where workers and families can thrive.

CHEYENNE NUMBERSBY THE

of the 1,688 business park acres in Laramie County are occupied. The Business Council awarded $15.89 million toward those projects.80PERCENT

79PERCENTof the 58,500 square feet of business-ready spec buildings in Laramie County are occupied. The Business Council awarded $4.5 million toward that space.

Summer farmers markets

Laramie County businesses benefit from Business Council awards.

Made in Wyoming members

Winter farmers market

5627

2 1

1 Cheyenne company received two Trade Show Incentive grants and generated $60,000 in total sales at the events.

1 exhibitor from Cheyenne participating in the Wyoming at the Mart showroom at Denver mart with approximately $15,000 in sales, and 1 part-time hire, this fiscal year.

16 Cheyenne companies were represented at the Wyoming Mercantile during the Wyoming State Fair resulting in approximately $4,700 in sales (for the Cheyenne companies)

$60,000

$15,000

$4,700Wyoming Premium Heifer ProgramOf the 659 head certified in the Wyoming Premium Heifer Program, there were two producers from Laramie County that had 190 head in the program.

Wyoming Verified ProgramOne Laramie County producer enrolled 180 head of the 9760 in the program.

COMMUNITY PROFILE

0-9

10-1

920

-29

30-3

940

-49

50-5

960

-64

65+

63,275 Total population of the city of Cheyenne.

2015 AGE DISTRIBUTION

36.56Median Age

1-4employees

HOW MANY EMPLOYEES DO BUSINESSES IN CHEYENNE HAVE?

Workers in Cheyenne earn an average yearly household income of $57,498. 48.08% of the households earn more than the national average each year. Household expenditures average $55,230 per year. The majority of earnings get spent on shelter, transportation, food and beverages, health care and utilities.

$57,498

MEDIANHOUSEHOLD INCOME

Residents spend an average of 14 minutes commuting to work. Cheyenne is served by 4 airports within 50 miles. Interstates and rail can be accessed within the community.

TRANSPORTATION

14 MIN. COMMUTE TRAVEL TIME

20

10

5

15

%

INCOME AND SPENDING

56.86%

20.23%

11.79%

6.72%

2.29%

2.13%

1-4 Employees

5-9 Employees

10-19 Employees

20-49 Employees

50-99 Employees

100+ Employees

%49.69Male

50.31FEMale

VISION▪ Wyoming’s industries are strong, diverse and expanding. ▪ Small business is a big deal. ▪ Wyoming is the technology center of the High Plains. ▪ Communities have the highest quality of life. ▪ Wyoming knows no boundaries.

2016-2026 Strategic Framework for

Increasing wyoming’s prosperity

Wyoming will outpace the nation’s GDP growth rate by a factor of two.

stretch goal

2X

Updated May 17, 2016

Think bigIndustrial Development

▪ Expand value-added opportunities for at least 3 resource bases

▪ Increase industrial readiness

Think SMALLBusiness Development

▪ Grow jobs and profitability of existing businesses with special attention to those that create the highest economic output

Think GlobalInternational Development

▪ Increase investment in Wyoming

▪ Increase international trade

Think NEWTechnology Development

▪ Grow technology to be the fourth largest economic sector

Think LOCALCommunity Development

▪ Increase livability of communities

strategies

▪ Increase jobs in advanced industries by 25%

▪ Increase average earnings per job by 10%

▪ Rank first in number of new business starts per 1,000 employees

▪ Increase five-year small business survival rate to 50%

▪ Double number of patents awarded

▪ Double SBIR grants awarded

▪ Achieve 1-gigabit-per-second internet service in 75% of municipalities

▪ Increase score on diversity index by 10%

▪ Increase total property and sales tax collections by 35%

▪ Double foreign direct investment in Wyoming

▪ Increase Wyoming exports by 50%

TARGETS

GDP GROWTH

Key Initiativesbuilding blocks

Leadership/Civic Development & the Role of Public Policy

Wyoming communities leverage policies and partnerships in an efficient regulatory environment.

Infrastructure Development Wyoming is connected and business ready.

Workforce DevelopmentWyoming’s workforce is educated and ready for the future.

Quality of Life Wyoming’s communities are destinations where people want to live and work.

Entrepreneur DevelopmentWyoming’s entrepreneurs innovate, create, and compete in the global market.

Existing Business Development

Wyoming businesses are growing and thriving.

New Business RecruitmentWyoming attracts world-class companies through its extensive networks.

What Drives usWe communicate and

we are a team.

We are flexible, collaborative and get the work done.

We work in an environment of integrity, support and pride.

We make change happenand we are leaders.

A-23Tax Exemption Reports - December 2016

Wyoming Business Council Regional Project Assessment System (RPAS)Manufacturing sales tax incentive economic analysis

The RPAS model has been developed for Wyoming by Applied Economics, LLC of Phoenix, Arizona, www.aeconomics.com. The model identifies measurable effects associated with either a specific activity in a specific location or the value of economic and revenue impacts of existing businesses. The model has multipliers for 66 NAICS-based industry types based on Minnesota IMPLAN group data. It provides the value of additional output for job creation in addition to the direct jobs created and measures direct and indirect property and sales tax benefits to local and state revenues.

• Jobs, wages and output:

o The tax exemption covers NAICS Sectors 31-33

o In Wyoming, this represents over 12,000 jobs. The workforce has been growing.

o The economic output from these direct wages is significant. The numbers below do not include indirect economic output of suppliers.

* The year, workforce numbers and average wage are from data available at Department of Workforce Services, Research and Planning Labor Market Information, Demographics of Workforce Earnings by Age, Gender and Industry, 2004 - 2014, except 2015 data. Since that data is not available yet on the Workforce Services site, the WBC has calculated the statistical average increase for both workforce numbers and average wage. Accordingly, WBC has increased workforce by 2.1% and average wage by 4.45% for 2015.

* Output represents the total economic activity generated. It is derived from employment income and calculated by the WBC economic impact model. The inputs are direct employment numbers and average wages. The model then calculates additional multipliers of the wages rolling over in the community.

Year Workforce Average

Wage Total Direct

Wages

2010 11,665 44,777.00$ 522,320,000.00$ 2011 11,812 45,899.00$ 542,150,000.00$ 2012 11,949 47,078.00$ 562,535,000.00$ 2013 12,092 50,282.00$ 608,000,000.00$ 2014 12,346 52,519.00$ 648,399,574.00$ 2015 12,605 54,856.00$ 691,459,880.00$

Total

Output from Employment

Income

5,562,869,804.00$ 5,774,065,447.00$ 5,991,172,011.00$ 6,475,388,346.00$ 6,905,656,324.00$ 7,364,261,922.00$

38,073,413,854.00$

Manufacturing and Other Tax Exemptions Reports

Tax Exemption Reports - December 2016A-24

• Real estate market valuation for tax assessment purposes

o The market valuation for real property of manufacturers is significant. Below are a few examples.

Source: County Assessors’ information

* Approximately half of all property taxes support local school mill levies

* Manufacturing generates significant property tax and indirect sales tax

* Direct and indirect property and sales tax is calculated by the WBC economic impact model. The inputs are assessed property valuation and equipment capital expenditures. The model then calculates the direct property and sales tax paid to local and state. It also creates multipliers for direct employees and indirect employment increase in their property and sales tax spending. The WBC has only entered property assessed valuation for 28 of @ 1,000 manufacturers in the state so the amount paid in property tax is estimated to be very understated.

2016 2105 2014 2013 2012 2011Holly Frontier 405,700,000.00$ 400,000,000.00$ 390,000,000.00$ 380,000,000.00$ 370,000,000.00$ 360,000,000.00$ Puma Steel 2,150,000.00$ 2,150,000.00$ 2,150,000.00$ 2,150,000.00$ 2,150,000.00$ 2,150,000.00$ Gater Industries 675,000.00$ 675,000.00$ 675,000.00$ 675,000.00$ 675,000.00$ 675,000.00$ Vacutech LLC 1,580,600.00$ 1,600,000.00$ 1,620,000.00$ 1,000,000.00$ 200,000.00$ -$ Emit Technologies 434,000.00$ 434,000.00$ 434,000.00$ 434,000.00$ 434,000.00$ 434,000.00$ Black Tooth Brewing 400,000.00$ 600,000.00$ 600,000.00$ 500,000.00$ 600,000.00$ 300,000.00$ Dyno Nobel 240,000,000.00$ 238,500,642.00$ 236,725,300.00$ 234,652,350.00$ 233,500,625.00$ 232,563,729.00$ Whitcom/Grobet 268,277.00$ 270,416.00$ 270,000.00$ 270,000.00$ 270,000.00$ 270,000.00$ Magpul 1,176,487.00$ 382,264.00$ -$ -$ -$ -$ Jebro 255,440.00$ 253,409.00$ 250,000.00$ 250,000.00$ 250,000.00$ 250,000.00$ Midwest Pipe 557,970.00$ 592,801.00$ 590,000.00$ 590,000.00$ 590,000.00$ 590,000.00$ Searing Industries 1,748,646.00$ 1,704,512.00$ 1,000,000.00$ 500,000.00$ Fremont Beverage 3,858,493.70$ 4,271,532.90$ 4,392,468.94$ 4,446,070.97$ 4,227,598.30$ 4,198,831.10$ Admiral Beverage 113,269.57$ 188,086.42$ 186,089.22$ 186,669.31$ 187,556.58$ 183,104.27$ Wyoming Machinery 47,520,584.00$ 46,117,123.32$ 43,560,648.11$ 45,420,904.22$ 41,037,649.83$ 41,894,973.33$ Power Service, Inc 2,906,605.00$ 2,910,617.00$ 279,935.00$ 271,141.00$ 265,625.00$ 257,728.00$ Neiman Enterprises 3,221,121.00$ 5,705,294.00$ 5,303,697.00$ 6,004,187.00$ 5,786,436.00$ 7,802,692.00$ Redi Services LLC 878,623.00$ 831,990.23$ 560,163.46$ 620,392.24$ 632,177.81$ 679,278.99$ L&H Industrial, Inc 18,469,751.00$ 18,324,121.96$ 17,563,966.00$ 16,654,796.41$ 15,726,518.06$ 13,023,931.00$ Y-Tex 3,048,370.00$ 3,136,741.15$ 3,081,014.69$ 3,072,000.18$ Saratoga Forest Management 44,588.00$ 19,442.82$ 19,260.16$ 18,778.50$ 18,404.44$ 17,954.05$ Eagle Bronze 447,691.00$ 449,450.07$ 692,874.89$ 685,742.82$ 660,404.47$ 635,012.38$ SGL Carbon Fiber 25,193,717.00$ 26,479,531.34$ 27,778,825.76$ 32,219,514.32$ 31,636,643.67$ 31,503,838.07$ Wyoming Sugar Company 6,037,074.00$ 5,420,599.44$ 3,438,297.94$ 2,388,949.39$ 1,031,439.34$ 995,433.37$ Western Sugar 5,467,495.00$ 5,447,135.00$ 1,713,085.00$ 4,790,038.00$ 3,935,026.00$ 2,357,404.00$ Crown Cork and Seal 3,551,921.74$ 3,608,505.73$ 3,506,664.37$ 3,569,583.68$ 3,381,714.16$ 3,283,923.17$ Simplot Phosphates 335,888.00$ 315,993.42$ 284,467.49$ 284,485.37$ 218,679.52$ 118,210.74$ JR Simplot 342,232.00$ 319,767.72$ 375,503.23$ 362,502.01$ 318,029.02$ 313,851.35$ Gill Window Company 1,655,410.00$ 1,525,585.21$ 1,521,580.65$ 1,472,549.19$ 1,429,041.01$ 1,279,328.32$

Total 778,041,270.01$ 772,236,666.73$ 748,572,841.91$ 743,489,654.61$ 719,162,568.21$ 705,778,223.14$

YearAnnual Capital expenditures

Local real property taxes

Local personal property

Local Sales taxes

Total local taxes

State sales tax

Total state and local taxes

Unrealized revenue from sales taxes

Net return to state and local governments

2010 70,608,678.00$ $38,011,280 $1,223,872 $16,080,110 $55,315,262 $11,866,309 $67,181,572 3,742,260.00$ 63,439,312.00$ 2011 36,713,988.00$ $44,499,846 $1,488,550 $16,690,595 $62,678,991 $12,316,817 $74,995,807 1,956,886.00$ 73,038,921.00$ 2012 177,352,799.00$ $51,187,813 $2,752,378 $17,318,166 $71,258,357 $12,779,932 $84,038,289 9,435,169.00$ 74,603,120.00$ 2013 59,640,152.00$ $58,904,029 $3,119,350 $18,717,848 $80,741,227 $13,812,828 $94,554,055 3,196,712.00$ 91,357,343.00$ 2014 342,064,174.00$ $66,605,625 $5,493,729 $19,961,587 $92,060,941 $14,730,644 $106,791,585 18,471,465.00$ 88,320,120.00$ 2015 172,620,774.00$ $74,689,828 $6,493,615 $21,287,239 $102,470,682 $15,708,908 $118,179,590 9,286,998.00$ 108,892,592.00$

Total: 859,000,565.00$ $333,898,421 $20,571,494 $110,055,544 $464,525,460 $81,215,438 $545,740,898 46,089,490.00$ 499,651,408.00$


Wyoming Business Council Regional Project Assessment System (RPAS)Railroad rolling stock tax incentive economic analysis



* The year and workforce numbers are from Department of Revenue annual reports, except 2012 & 2013 when there were no reports. WBC has averaged 2009, 2010, 2011 and 2015 for the estimated workforce in 2012 and 2013.

* Wage data is taken from the 2016 surveys returned by companies to the Department of Revenue. The surveys provided data on number of jobs and hourly wages for supervisors, skilled labor, sales/ customer service, admin and unskilled labor. The WBC compiled the numbers and created an average. This average is used for all prior years.

* Output represents the total economic activity generated. It is derived from employment income and calcu-lated by the WBC economic impact model. The inputs are direct employment numbers and average wages. The model then calculates additional multipliers of the wages rolling over in the community.


Wage Total Direct

Wages

2009 180 46,727.00$ 8,410,860.00$ 2010 244 46,727.00$ 11,401,388.00$ 2011 155 46,727.00$ 7,242,685.00$ 2012 188 46,727.00$ 8,784,676.00$ 2013 188 46,727.00$ 8,784,676.00$ 2014 175 46,727.00$ 8,177,225.00$ 2015 167 46,727.00$ 7,747,665.00$

Total

RAILROAD


Income

47,146,255.00$ 63,909,368.00$ 40,598,164.00$ 49,241,644.00$ 49,241,644.00$ 45,836,637.00$ 43,428,780.00$

339,402,492.00$


• Real estate market valuation for tax assessment purposes

ROLLING STOCK IMPACT SUMMARY

* Approximately half of property tax revenue supports local school mill levies

* Direct and indirect property and sales tax is calculated by the WBC economic impact model. The inputs are assessed property valuation and equipment capital expenditures. Value of equipment was reported by one company. Others did not thus the model understates property tax on equipment. The model then calculates the direct property and sales tax paid to local and state. It also creates and calculates multipliers for direct employees and indirect employment increase in property and sales tax spending.

2016 2015 2014 2013 2012 2011 2010

Union Tank Car 277,287.00$ 281,289.00$ 284,772.00$ 292,819.00$ 299,678.00$ 297,053.00$ 277,287.00$ Big Horn Divide - Shoshoni 669,800.00$ 701,100.00$ 358,400.00$ 366,700.00$ 350,000.00$ 350,000.00$ 350,000.00$ Progress Rail - Rock Springs 263,214.00$ 242,507.00$ 194,814.00$ 194,814.00$ 195,171.00$ 195,171.00$ 194,900.00$ Progress Rail - Bill 583,050.00$ 584,100.00$ 527,200.00$ 529,900.00$ 495,400.00$ 495,400.00$ 503,700.00$

Total 1,793,351.00$ 1,808,996.00$ 1,365,186.00$ 1,384,233.00$ 1,340,249.00$ 1,337,624.00$ 1,325,887.00$

Year


Local personal property taxes

Local sales taxes

Total local taxes

State sales tax




2009 $339,665 $32,574 $404,232 $776,472 $298,303 $1,074,775 1,076,023.00$ (1,248.00)$ 2010 $467,833 $59,579 $468,265 $995,677 $345,556 $1,341,233 1,098,465.00$ 242,768.00$ 2011 $314,592 $79,339 $363,203 $757,134 $268,025 $1,025,159 1,012,497.00$ 12,662.00$ 2012 $385,313 $99,688 $392,131 $877,132 $289,373 $1,166,505 1,145,416.00$ 21,089.00$ 2013 $395,866 $117,304 $388,480 $901,650 $286,679 $1,188,329 1,145,416.00$ 42,913.00$ 2014 $385,832 $132,498 $371,667 $889,997 $274,272 $1,164,269 1,394,681.00$ (230,412.00)$ 2015 $384,135 $145,017 $358,957 $888,109 $264,892 $1,153,001 1,270,004.00$ (117,003.00)$

Total: $2,673,237 $665,998 $2,746,936 $6,086,171 $2,027,100 $8,113,271 8,142,502.00$ (29,231.00)$


Wyoming Business Council Regional Project Assessment System (RPAS)Data center tax incentive economic analysis



o There has been significant growth in the last several years in data hosting jobs and wages.

o Not all jobs created are reflected in the numbers below. Data centers often contract out a significant amount of work.

o The economic output from these direct wages is significant. The numbers below do not include indirect economic output of suppliers.


Wage

2010-12 15 51,798.00$ 2013 116 53,956.00$ 2014 106 56,158.00$ 2015 144 56,820.00$

Total


Income

2,231,226.00$ 17,973,693.00$ 17,094,401.00$ 23,496,499.00$

60,795,819.00$

* The year and workforce numbers are from the Department of Revenue annual reports.

* The wage data is taken from the 2016 surveys returned by companies to the Department of Revenue. The surveys provided data on number of jobs and hourly wages for supervisors, skilled labor, sales/ customer service, admin and unskilled labor. WBC compiled the numbers and created an average. This average is used for all prior years.

* Output represents the total economic activity generated. It is derived from employment income and calculated by the WBC economic impact model. The inputs are direct employment numbers and average wages. The model then calculates additional multipliers of the wages rolling over in the community. Real estate market valuation for tax purposes


The market valuation of data centers shows immense growth.

The following numbers do not include electricity tax or construction sales tax. However, data centers generate significant construction sales tax, electricity sales tax, property tax and indirect sales tax.

• Approximately half of the property tax supports local school mill levies

• Direct and indirect property and sales tax is calculated by the WBC economic impact model. The inputs are assessed property valuation and equipment capital expenditures. The model then calculates the direct property and sales tax paid to local and state. It also creates and calculates multipliers for direct employees and indirect employment increase in their property and sales tax spending.

2016 2015 2014 2013

Greenhouse Data 8,007,395.00$ 7,792,972.00$ 351,654.00$ Microsoft 89,767,721.00$ 211,623.00$ 168,703.00$ 164,473.00$ EcoStar 4,492,384.00$ 4,492,384.00$ 4,492,384.00$ 4,492,384.00$ Mountain West 931,730.00$ 963,010.00$ 939,550.00$ 568,540.00$ Ptolemy 1,477,077.00$ 1,598,498.00$ 1,530,624.00$ 1,469,670.00$

Total 104,676,307.00$ 15,058,487.00$ 7,482,915.00$ 6,695,067.00$

Assessed valuation for companies in the data storage industry in Wyoming

YearAnnual capital expenditures


Local personal property taxes

Local Sales taxes

Total local taxes

State sales tax




2012 63,105,174.00$ $73,195 $343,032 $18,228 $434,455 $13,451 $447,906 3,357,195.00$ (2,909,289.00)$ 2013 316,136,131.00$ $184,251 $2,000,924 $55,898 $2,241,073 $41,250 $2,282,323 17,071,351.00$ (14,789,028.00)$ 2014 164,119,341.00$ $426,914 $2,528,934 $142,176 $3,098,025 $104,919 $3,202,943 8,862,444.00$ (5,659,501.00)$ 2015 187,851,478.00$ $1,150,612 $2,976,384 $174,986 $4,301,982 $129,131 $4,431,112 10,143,979.00$ (5,712,867.00)$

Total: 731,212,124.00$ $1,834,972 $7,849,274 $391,287 $10,075,534 $288,750 $10,364,284 39,434,969.00$ (29,070,685.00)$

COMMUNITY GRANT AND LOAN COMMITTEE

SECTION B

Wyoming Business Council | Board of Directors MeetingDecember 8-9, 2016 | Cheyenne, Wyoming

B-3Community Grant and Loan Committee - December 2016

December 8, 2016

Community Grant and Loan Committee:

B-7 Community Grant and Loan Block Grant Program Action Item: Consideration of Staff Recommendations

B-25 Business Ready Communities Applications Action Item: Consideration of Staff Recommendations

AGENDA ITEMS


Community Development Block Grant Program

Report and Recommendations to the Wyoming Business Council

December 8, 2016

CONTENTS

CDBG Application and Financial Summary B-7

CDBG Imminent Threat Award De-obligation B-8

Albany County B-9Fort Laramie B-11Deaver B-13Rock Springs B-15Rawlins B-17Evansville B-21Washakie County B-23


CDBG Application and Financial Summary

Applications for the CDBG program were accepted March 1, 2016. Fourteen were submitted and seven were withdrawn. Three of the withdrawn applications were planning grant requests, which staff declined to consider because of eligibility requirements.

Each project must meet one of the CDBG program’s National Objectives: 1. Benefit to low -to moderate-income persons. 2. Aid in the prevention or elimination of slums or blight. 3. Activity designed to meet community development need having a particular urgency.

Awards are contingent on satisfactory execution and administration of previous grants or loans by an applicant. Other contingencies, if any, are spelled out in the project descriptions.

Applicant Project Project TypeAmount

Requested Recommendation1 Albany County Community Facility Big Brothers Big Sisters Community Mentoring Center Phase II $499,857 488,857$ 2 Fort Laramie Public Infrastructure Sewer/Water Lines Replacement/Sewer Lagoon Project $322,229 322,229$ 3 Deaver Public Infrastructure Potable Water Distribution System and Fired Hydrant/Fire Flow Upgrade $489,000 489,000$ 4 Rock Springs Elimination Slum/Blight Demolition of Downtown Buildings $500,000 500,000$ 5 Rawlins Elimination Slum/Blight Adaptive Reuse of Historic Guards' Quarters $500,000 500,000$ 6 Evansville Public Infrastructure Sidewalk Installation $356,000 356,000$ 7 Washakie County Community Facility County Library Ten Sleep Branch Expansion $136,117 136,117$

TOTAL $2,803,203 $2,792,203Available CDBG Funds $2,792,629Remaining CDBG funding if projects are funded $426

CDBG Application Summary

2016 Grant Year Appropriation $ 2,797,710

2014 & 2015 Remaining Carryover balance $ 178,850

Balance $ 2,976,560

Proposed Grant Uses For 2016 Administrative funds for 2016 $ 183,931

$ 2,792,629

Types of Projects Planning $ -

Economic Development $ 1,000,000

Community Development $ 1,792,203

Total CDBG Funds Available for Awards 426$

2016 CDBG Appropriation Summary

Community Grant and Loan Committee - December 2016B-8

214 West 15th Street Cheyenne, WY 82002

Tel: (307) 777-2800 Fax: (307) 777-2837

To: Wyoming Business Council Board of Directors

From: Julie Kozlowski, Community Development Director

Subject: CDBG Imminent Threat Award De-obligation

Date: December 8, 2016

The purpose of this memo is to provide the board an update on the city of Buffalo’s Imminent Threat CDBG Award. The board awarded this grant at the May 2016 board meeting.

At the site visit, because staff is always concerned with HUD timeliness requirements, staff specifically asked about the timing of the FEMA award which represents 75% of the project. The city of Buffalo believed it would be awarded July 2016. This was a contingency approved by the board in May.

Since July, staff has periodically contacted FEMA to inquire about the status of Buffalo’s award, FEMA staff indicated they are uncertain when it will be funded but it will likely be several more months.

Further, the project is at the 18-month mark since the flooding occurred (June 2015). An imminent threat grant is predicated on the fact that the issue is of recent origin or recently became urgent within the previous 18 months.

I advised staff to de-obligate the funding as the CDBG program has other applications ready to move forward.

I fully understand this project is important to the community. My staff and I are committed to researching other sources of funding to bridge the gap. A new CDBG application is one possibility. However, the census data for the blocks in the affected area is marginal in terms of qualifying the area as low-to-moderate income (LMI). Staff is exploring whether the area affected by the flooding could be surveyed to determine the LMI population.

Sandy Quinlan, CDBG Program Manager and I have advised Buffalo their grant will be deobligated.

Community Development Block

Grant Program


ALBANY COUNTY GREATER WYOMING BIG BROTHERS BIG SISTERS COMMUNITY MENTORING $499,857 Community Facilities Grant

Staff Recommendation: Fund $488,857

Project Description

Albany County requests a $499,857 CDBG Community Facilities grant that will be used to complete phase two of the Greater Wyoming Big Brothers Big Sisters (GWBBBS) facility renovation located at 1010 South 6th Street, to meet the needs of the organization. GWBBBS was established in 1971 in Laramie and manages seven sites throughout the state. In August 2012, a WBC planning grant funded a feasibility study that provided cost estimates for purchasing, renovating and partially refurbishing the 16,000 square-foot building for $1,500,000. Albany County also received a $500,000 Business Ready Community Enhancement grant and an $829,754 Community Facilities grant for the first phase of renovations to the building.

The second phase will complete the remaining interior (4,630 square feet) basement space (currently roughed in), minor exterior repairs and parking lot repairs and will bring sidewalks up to code.

Project Goals and Benefits

Completing the basement will allow for consolidation of services including community-based mentoring, on-site mentoring, after school programming and two restorative justice programs. It will also provide storage for gear. Consolidating services to one location will enable better use of staff time on-site to manage various programs and allows GWBBBS to expand its program offerings.

The benefits of community-based mentoring to quality-of-life and future earning potential of youth served are demonstrated through multiple high-quality, peer-reviewed and replicated research studies. The project contributes substantially toward helping local youth achieve success, complete their education and increase earnings as they become adult members of Wyoming communities.

This project meets the national objective of serving low -to moderate-income clientele. The facility served 315 youths, of which 177 were low-to-moderate (LMI) income, 56% which exceeds the HUD requirement of at least 51%. The projected increase of on-site youth services is 10%. Unduplicated beneficiaries are obtained and calculated through registered youth documented in each program’s attendance database.


Project Funding

Total project cost is $523,229, of which $499,857 represents the CDBG request and $23,372 in SLIB Mineral Royalty Retrofit grant funding that will be used for electrical upgrades, demolition, aluminum storefront, caulking, construction manager at risk and some architectural and engineering fees. Certified cost estimates for this project were prepared by William F. Gorman, a certified engineer. The operation and maintenance fees are paid by GWBBBS.

Staff Recommendation

Staff recommends funding the Albany County Public Infrastructure grant in the amount of $488,857, a lesser amount than requested due to limited CDBG funds. Staff contacted the community and it agreed that the project could still be completed without the additional $11,000 by adjusting the budget. Funding is contingent upon receiving the 2016 allocation from HUD.

Project Overview

CDBG amount 488,857$ SLIB Energy Grant amount 23,370$ Total eligible project cost 512,227$ CDBG % of total eligible project costs 95%

Non-Construction CostsArchitect & Engineer Costs 25,825$ Rehabilitation 453,467$ Contingencies 10% 32,935$ Total Uses 512,227$

Sources

Uses

Purpose

Description CDBG Cash

Non-Construction Costs 24,183$ 1,643$ Construction Costs 453,467$ 21,728$ Total Project Cost 477,650$ 23,371$

Quantity195

Project Infrastructure

4630 SF

Albany County Greater Wyoming Big Brothers Big Sisters Community Mentoring Center Phase IITo complete the remaining interior of basement space, minor exterior repairs, parking lot repairs and to bring the sidewalks up to city code.

Project Budget Projected Grant Expenditure ScheduleMatch Total

25,826$ 475,195$

Architect, Engineer Fees and Construction Existing Building Renovation

501,021$ Performance Measures

Measure NotesPeople served 177 LMI youth + 10%


Grant Program


FORT LARAMIE SEWER/WATER LINE REPLACEMENT/SEWER LAGOON $322,229 Public Infrastructure Grant

Staff Recommendation: Fund

Project Description

The town of Fort Laramie requests a $322,229 CDBG Public Infrastructure grant to remove and replace 8-inch vitrified clay pipe (VCP) sewer lines with new 8-inch PVC lines. Funding will also be used to replace sanitary sewer collection pipelines, bringing them up to code. The lines, located at Brooke Avenue from Otis Street south to U.S. Highway 26/85, are 55 years old.

Fort Laramie also needs improvements to its wastewater treatment lagoons. The current lagoon system consists of three unlined lagoons located directly north of the North Platte River. These lagoons that have a significant amount of sludge accumulation and extensive vegetative growth along the banks. The farthest downstream lagoon is the oldest and has no liner The two newer lagoons were constructed in 1993 and contain synthetic liners.

Finally, the town needs to update water lines on Brooke and Jim Bridger Avenues. Water lines on both of those streets are asbestos cement installed in 1950 through the 1960s. Continued use of these water lines create the potential for asbestos fibers and material to enter the town’s drinking water supply.

Upgrades will make it possible for the town to remove the sludge from the lagoon system and increase the capacity of its waste water and install better controls for preventing a breach. The pipe has experienced significant amount of root intrusion and blockage. This project will replace the sanitary sewer pipelines with new 8” PVC SDR-35 sanitary sewer collection pipelines to bring them up to current standards.


Removing the outdated materials as indicated will assist the town with updating critical infrastructure. Fort Laramie has been upgrading infrastructure incrementally. Last summer, the town replaced sewer lines where a block was causing backup into homes The town has addressed water line leaks as they develop Replacing this deteriorated infrastructure will benefit the community as they will not continue to incur repair costs.

This project meets the national objective of serving low -to-moderate income clientele on an area basis. The project serves the entire population of Fort Laramie, 52% being low -to moderate-income exceeding the HUD requirement of at least 51% as identified on the HUD mapping website.


Project Funding

Total project cost is $1,218,915, of which $322,229 represents the CDBG request and $896,678 is a USDA loan approved April 2016. Certified engineers. The operation and maintenance fees are paid by the town


Staff recommends funding the Fort Laramie Public Infrastructure grant in the amount of $322,229, as requested. Funding is contingent upon receiving 2016 funding from HUD.

Project Overview

CDBG amount 322,229$ USDA Loan 896,678$ Total eligible project cost 322,229$ CDBG % of total eligible project costs 100%

Non-Construction CostsArchitectural and Engineering fees 17,547$ Project inspections and permit fees 18,164$

Construction Interim Fees -$ Rehabilitation 1,061,305$ Contingencies 10% 121,891$ Total Uses 1,218,907$

Sources

Uses

Construction Costs

Purpose

DescriptionCash

Non-Construction CostsConstruction CostsTotal Project Cost

Measure QuantityPeople 122 Total population=234Water Lines 2280 lfSewer Lines 2000 lf


Project Budget Projected Grant Expenditure Schedule

CDBG

Fort Laramie Sewer/Water Lines Replacement/Sewer Lagoon Public Infrastructure grant to remove and replace 8" vitrified clay pipe (VCP) sewer lines with new 8" PVC lines. Funding will also be used to replace sanitary sewer collection pipelines brining them up to current code. The lines, located at Brooke and Jim Bridger Avenue.

122=52% LMINotes

322,237$ 1,218,915$ 896,678$

Total

35,711$ 1,183,204$

35,711$ 286,526$

-$ 896,678$

Cash (USDA Loan)


Grant Program


DEAVER POTABLE WATER DISTRIBUTION SYSTEM AND FIRE HYDRANT/FIRE FLOW $489,000 CDBG Public Infrastructure Grant


Project Description

The town of Deaver requests a $489,000 CDBG Public Infrastructure grant to redesign its water distribution system and upgrade water lines that range in size from 3-quarter-inch to 6-inch to a consistent 6-inch line, upgrade distribution lines from asbestos cement pipe or ductile iron to High-Density Polythlene Pipe Systems (HDPE) or Polyvinyl Chloride (PVC) pipe, replace isolation valves, replace inoperable fire hydrants and add five new fire hydrants.


The project will minimize main line breaks, reduce maintenance costs, minimize the potential for loss of water to the entire town due to improperly functioning isolation valves, eliminate water contamination risks, eliminate dead ends, become compliant with International Fire Code and fire hydrant flow rates and coverage, and provide opportunities for water system growth.

The project meets the national objective of serving a low –to-moderate moderate income clientele on an area basis The project will serve the entire population of Deaver with 57% being low -to moderate-income exceeding the HUD requirement of at least 51% as identified on the HUD mapping website.

Project Funding

The CDBG request covers the $489,000 total project cost. Cost estimates for this project were prepared by Trec, Inc., Stacey Hellekson certified engineer. The operation and maintenance fees are paid by Washakie County

CDBG amount 489,000$ Total eligible project cost 489,000$ CDBG % of total eligible project costs 100%

Non-Construction CostsDemolition and Removal 11,407$ Environmental and Site Costs 24,146$

Construction Interim Fees 15,526$ Rehabilitation 389,021$ Contingencies 10% 48,900$ Total Uses 489,000$

Sources

Uses

Construction Costs



Staff recommends funding the Deaver Public Infrastructure grant in the amount of $489,000 as requested. Funding is contingent upon receiving the 2016 allocation from HUD.

Project Overview

Purpose

Description CDBG Land 1,500$ Non-Construction Costs 89,407$ Construction Costs 399,593$ Total Project Cost 489,000$

Deaver Potable Water Distribution System and Fire Hydrant/Fire Flow To have consistent potable water service resulting from operable isolation valves. It greatly reduce the risk of water contamination through elimnation of dead ends. Provide adequate fire flow to hydrants and provide opportunity for water system growth.

Project Budget Projected Grant Expenditure ScheduleTotal

1,500$ 89,407$

399,593$ 489,000$

Performance Measure NotesProject Infrastructure Benefciaries The census area that encompasses

Deaver is 57% low-to-moderate income. 101 LMI persons. Total population=178

Water 20,000 Feet


Grant Program


ROCK SPRINGS BUNNING PARK REHABILITATION PROJECT $500,000 Elimination of Slum and Blight Grant


Project Description

The city of Rock Springs requests a $500,000 CDBG Downtown Development grant to rehabilitate, beautify and develop new uses in the historic Bunning Park neighborhood. Plans include the purchase of 23 dilapidated and abandoned houses and creating 12 handicapped parking spaces to facilitate park access. The park is a critical component in the Urban Renewal Agency (URA) Main Street district and will aid the revitalization of the area by creating a safe, more appealing environment for downtown and Main Street events

A feasibility study designed a four-phase approach to rehabilitation. The first phase is the city purchase of 23 properties that have been determined to be in poor condition.


The restoration of the Bunning Park is important to the city of Rock Springs and its historic downtown core. Currently, the deteriorated condition of the area around the park does not encourage residents from other parts of the community to attend park events and even discourages events from being held there at all. Rock Springs believes clean-up in the area and demolition of the abandoned buildings will also diminish illegal activity in the area including the manufacturing and selling of drugs.

The city is hopeful once the restoration takes place, residents in the area will be encouraged to maintain their properties. Commercial buildings on K street and homes on Elias (streets that surround the park) will be more desirable for business development as well. Business along K Street will receive the most benefit as new access is planned from K Street into the park area

The project benefits the entire population of Rock Springs which is approximately 24,000 people. There are already several events planned for the park in 2017. The disabled will benefit from the additional accessible parking spaces (where none currently exists).

The project meets the national objective of elimination of slum and blight The area was declared slum and blighted in February of 2006 by the City of Rock Springs.


Project Funding

Total project cost is $500,000 of which $500,000 represents the CDBG request. Cost estimates for this project were prepared by JFC certified engineers.


Staff recommends funding the Rock Springs Downtown Development grant in the amount of $500,000 as requested. Funding is contingent upon receiving the 2016 allocation from HUD.

Project Overview

CDBG amount 500,000$ Total eligible project cost 500,000$ CDBG % of total eligible project costs 100%

Non-Construction CostsBuilding acquisition 116,000$

Demolition 345,600$ Contingencies 10% 38,400$ Total Uses 500,000$

Sources

Uses

Construction Costs

Purpose

Description CDBG

Building Acquistion 116,000$ 116,000$ Construction Costs 384,000$ Total Project Cost 500,000$

Measure QuantityHouses 23ADA Parking Spaces 12People 24,000


Demolition Construction County Wide Usage

Notes

Rock Springs Bunning Rehabilitation ProjectTo perform rehabilitation work in the area surrounding Bunning Park for the elimination of slum and blight.

Project Budget Projected Grant Expenditure ScheduleTotal

384,000$ 500,000$


Grant Program


RAWLINS ADAPTIVE REUSE OF THE HISTORIC GUARDS’ QUARTERS $500,000 Elimination of Slum and Blight Grant


Project Description

The city of Rawlins, the Old Pen Joint Powers Board and the Carbon County Visitors’ Council (CCVC) are seeking to renovate the Historic Guards’ Quarters located on the Wyoming Frontier Prison grounds. A structural assessment was conducted and it was determined the building is sound

The building was declared slum and blighted in February 2016 by the City of Rawlins. Funds will be used to corret conditions contributing to the deterioration of the structure. Further, funds will be used to bring the bathrooms and the main level up to code, including compliance with the Americans with Disabilities Act (ADA). Finally, it will allow the Carbon County Visitor’s Council (CCVC) to be located at the Wyoming Frontier Prison which will increase visitor contacts and the lease payments from the CCVC will help support the Frontier Prison.

Projects Goals and Benefits

This project will benefit the tourism economy for Rawlins and Carbon County. The Wyoming Frontier Prison is listed in the city of Rawlins Economic Development Plan as well as the city of Rawlins Tourism Assessment and the Great Divide Economic Development Coalition (Carbon and Sweetwater Counties) Comprehensive Economic Development Strategy in November of 2012.

The purpose of the CCVC is to promote local travel and tourism within Carbon County and its municipalities. Moving the CCVC into the Wyoming Frontier Prison will increases its ability to serve up to 15,000 visitors annually and entice visitors to spend more time in the community bringing in additional revenue. The Wyoming Frontier Prison contributes to the community’s economy with an estimated impact of $1,667,500 in 2014.

Based on a visitor intercept study completed by Randall Travel Marketing, Inc., visitors who are informed of area attractions through the CCVC spend an average 2.81 nights and $241.14 per travel party per day. This equates to an annual economic impact of $243,937.

The Wyoming Frontier Prison is listed on the National Register of Historic Places. The State Historic Preservation Office has determined the project will not adversely affect the historic status.

The rental income received from the CCVC and the entrepreneurial space will bolster the Old Pen’s revenue stream. Revenues also support the Frontier Prison Museum, the Wyoming Peace Officers’ Museum and an exhibit on the current Wyoming State Penitentiary.


An additional benefit is the construction of accessible public restrooms.

This project meets the HUD national objective of elimination of slum and blight on an area basis.

Project Funding

Total project cost is $1,017,000 of which $500,000 represents the CDBG request. Match includes a $500,000 Business Ready Community Enhancement request (pending) and in-kind which is contributions of labor by the Carbon County Visitors Council, the Old Pen Joint Powers Board and the city of Rawlins are valued at $17,000. Cost estimates for this project were prepared by Myers-Anderson, certified architects. The Old Pen JPB is responsible for the operation and maintenance of the facility


Staff recommends funding the Old Pen JPB Historic Guards’ Quarters grant in the amount of $500,000, as requested. Funding is contingent upon receiving the 2016 allocation from HUD. It is also contingent on the SLIB’s approval of the BRC Community Enhancement grant.

Project Overview

CDBG amount 500,000$ BRC amount 500,000$ In-kind 17,000$ Total eligible project cost 1,017,000$ CDBG % of total eligible project costs 49%

Non-Construction CostsArchitectural and Engineering fees 91,789$ Other fees (surveys, tests, etc.) 9,179$ Demolition and removal 24,204$

Construction Costs 794,603$ Contingencies 10% 97,225$ Total Uses 1,017,000$

Sources

Uses

Construction Costs

Purpose

Description CDBG Cash (BRC) In Kind

Land -$ -$ -$ Non Construction Costs 50,484$ 50,484$ -$ Construction Costs 449,516$ 449,516$ 17,000.00$ Total Project Cost 500,000$ 500,000$ 17,000$

Quantity7,326 sf

Project MeasuresBuilding Renovation Elimination of slum and blightPublic Restrooms ADA compliant

1,017,000$ Measure

Old Pen JPB-Historic Guards Quarters Reuse Project The Old Pen Joint Powers Board requests a $500,000 Elmination of Slum and Blight grant to renovate the hisoric Guards Quarters. The renovation will provide public restrooms as well as office space that will be leased by the Carbon County Visitors Council.


-$ 100,968$ 916,032$

Notes


Grant Program


EVANSVILLE SIDEWALK INSTALLATION $356,000 Public Infrastructure Grant


Project Description

The town of Evansville requests a $356,000 CDBG Public Infrastructure grant to install sidewalks on its main street, 235 Curtis Street. The town was incorporated in 1923 to provide workforce housing for the Socony-Mobil and Texas Oil companies (now Sinclair Refinery). As the town was developed, no sidewalks were constructed. Today, the lack of sidewalks creates dangerous pedestrian and vehicle interactions. As new residential developments in Evansville have been established sidewalks have been installed. This grant will install sidewalks in the area between Evansville Elementary School and Evansville Town Hall. In addition, the sidewalks will provide safe pedestrian access to two Casper Area Transportation Coalition (CATC) bus stops CATC provides bus service to the Casper metropolitan area

Projects Goals and Benefits

The project will benefit the town’s 2,776 residents. Sidewalks will provide safe pedestrian access between two crucial buildings, the town’s only elementary school and town hall. In addition, the elementary school serves as a bus hub for junior and senior high school students

The project meets the national objective of serving low-to-moderate income clientele on an area basis. Evansville’s population is 56% low-to-moderate income exceeding the HUD requirement of at least 51% as identified on the HUD mapping website. The area that the project will be serving includes many of the communities’ government buildings that all citizens utilize, such as the post office, city hall and the elementary school

Project Funding

Total project cost is $451,753 of which $356,000 represents the CDBG request. Evansville is contributing $95,753 cash match. Cost estimates for this project were prepared by Worthington, Lenhardt, Carpenter, a certified engineering firm.


Staff recommends funding the Evansville Public

CDBG amount 356,000$ Cash amount 95,753$ Total eligible project cost 451,753$ CDBG % of total eligible project costs 79%

Non-construction costsArchitectural and Engineering fees 70,928$

Rehabilitation 342,742$ Contingencies 10% 38,083$ Total Uses 451,753$

Sources

Uses

Construction Costs


Infrastructure grant in the amount of $356,000 as requested. Funding is contingent upon receiving the 2016 allocation from HUD.

Project Overview

Purpose

Description CDBG Cash In Kind

Non Construction Costs 1,359$ 14,186$ -$ Construction Costs 354,641$ 81,567$ -$ Total Project Cost 356,000$ 95,753$ -$

Quantity4,716 Feet

Beneficiaries 2776 1555=56% LMI. Total population = 2776

Evansville Sidewalk Installation The project will be used to install sidewalks on the main street.


15,545$ 436,208$ 451,753$

Measure NotesProject Infrastructure

Sidewalk Installation


Grant Program


WASHAKIE COUNTY LIBRARY TEN SLEEP BRANCH EXPANSION $136,117 Community Facility Grant


Project Description

Washakie County requests a $136,117 CDBG Community Facilities grant to expand the Ten Sleep Library by 1,600 square feet to accommodate the Ten Sleep Youth Learning Center and other community needs. The Ten Sleep Youth Learning Center serves the school and community population by providing quality educational, recreational and social programs for all school age groups. The program receives funding from the Temporary Assistance for Needy Families Community Partnership Initiative. The Youth Learning Center works directly with youth and their families that meet the federal poverty guidelines providing educationally designed program for youth outside of school hours. By partnering with the Ten Sleep Library the Ten Sleep Youth Learning Center enhances available resources and is able to deliver a program that provides a fun, educational and safe place for Ten Sleep students after school hours.

With a population under 300, the Ten Sleep Youth Learning Center is the only educational program for youth outside of school hours in town

The library is the only facility the community has available to hold meetings such as Big Brothers Big Sisters and training events. The center held thirty-nine meeting and events in 2015.


The town is paying $825 a month to a private party in rent and with the towns limited funding this would be a big cost savings of $9,900 annually. The library will let the center use their facility with no fee charged to them. The operation and maintenance costs are paid by the County and the Washakie County School District #1

The project meets the national objective of serving low-to-moderate income clientele on an area basis. The census area that encompasses Ten Sleep is 54% low-to-moderate income exceeding the HUD requirement of 51%.


Project Funding

Total project cost is $158,046 of which $136,117,00 represents the CDBG request and the $21,929 is cash match through Washakie County. Certified cost estimates for this project were prepared by Prospect Engineering Services, Russell Taylor, certified engineer. The operation and maintenance fees are paid by the town of Deaver

Staff recommendation

Staff recommends funding the Washakie county Community Facility grant in the amount of $136,117 as requested. Funding is contingent upon receiving the 2016 funding from HUD. Funding is contingent upon receiving the 2016 allocation from HUD.

Project Overview

CDBG amount 136,117$ Cash 21,929$ Total eligible project cost 158,046$ CDBG % of total eligible project costs 86%

Non-Construction CostsArchitect & Engineer Costs 31,520$ Construction Costs Rehabilitation 104,374$ Site Work 12,243$ Construction Interim Fees 2,500$ Contingencies 10% 7,409$ Total Uses 158,046$

Sources

Uses

Purpose

Description CDBG Cash

Non-Construction Costs 19,500$ 14,520$ -$ Construction Costs 116,617$ 12,992$ 21,929.00$ Total Project Cost 136,117$ 27,512$ 21,929$

Quantity300

1600sf

Performance NotesMeasureProject Infrastructure Expand Existing Building Architectal Work,Site Work, Rehabilitation

Beneficiaries 164 LMI = 54%. Total population=300

185,558$

Washakie County Library Ten Sleep Branch ExpansionThe grant will expand the Ten Sleep Youth Center. The Center serves the school and community population by providing quality educational, recreational and social programs for all school age groups.


34,020$ 151,538$

Business Ready Community Grant and Loan Program

Report and Recommendations to the Wyoming Business Council

December 8, 2016

CONTENTS

BRC Financial Summary B-27

BRC Application and Program Summary B-27

Laramie (HiViz Phase ll) B-29Laramie (Empress Redevelopment) B-33Lincoln County (Glencoe Junction) B-37Old Pen Joint Powers Board (Guards’ Quarters) B-41

Letters Received 16


BRC Financial Summary

BRC Application and Program Summary

Awards are contingent on satisfactory execution and administration of previous grants or loans by an applicant. Other contingencies, if any, are defined in the project descriptions.

Any remaining funds will be added to the allocation for the next quarter.

FY17, 2nd quarter allocation (includes funds from Q1 that were not expended)

If projects are funded as suggested by staff, the Q3 allocation will be as follows:

BRC Project Types Priorities % of Allocation Quarterly AllocationBusiness Committed and Managed Data Center Cost Reduction High 45% 2,944,734$ Community Readiness Medium 39% 2,152,104$ Community Enhancement Low 15% 821,052$ Planning Low 1% 88,070$ Totals 100% $6,005,960

Project Type RequestStaff

Recommendation

HiViz Phase II Business Committed 3,000,000$ 3,000,000$

Empress Redevelopment Community Readiness 3,000,000$ 3,000,000$ Glencoe Junction Community Readiness - Grant 3,000,000$ -$

Glencoe Junction Community Readiness - Loan 1,250,000$ -$

Guards' Quarters Renovation Community Enhancement 500,000$ 500,000$

10,750,000$ 6,500,000$

BRC Applications Received September 1, 2016

3a. Lincoln County

Total Requests

Applicant

3b. Lincoln County

4. Old Pen Joint Powers Board

2. Laramie, City of

1. Laramie, City of

Net Appropriations 376,049,305$ Awards adjusted by Deobligations (343,770,594)$ BRC Loan Principal and Interest Payments Received to Date 2,182,039$ BRC Loan Origination Fees 10,677$ Total Available Funds 34,471,427$

Available BRC Funds Summary

BRC Project Types Priorities % of Allocation Quarterly AllocationBusiness Committed and Managed Data Center Cost Reduction High 45% 3,963,156$ Community Readiness Medium 39% 3,434,736$ Community Enhancement Low 15% 660,526$ Planning Low 1% 44,035$ Totals 100% 8,102,453$



LARAMIE $3,000,000 Business Committed Grant

HIVIZ Shooting Systems Expansion


Project Description

The city of Laramie requests a $3 million Business Ready Community Business Committed grant for the construction of a 20,000 square-foot building for HiViz, a Laramie-based firearms accessory manufacturer. The building will be owned by the Laramie Chamber Business Alliance and will be leased to HiViz. HiViz expanded more rapidly than expected and has already outgrown its current building, which was constructed in 2015 with a $2.4 million BRC grant and a $519,477 BRC loan.

HiViz anticipated creating 20 jobs in the first three years of operation, it has actually created 42 jobs to date. Company officials estimate this expansion will allow HiViz to sustain annual sales growth of 32% for the next five years.

Project Description

The purpose of this project is to construct additional manufacturing space next to HiViz’s existing headquarter location. This project is part of a larger effort to construct a campus of up to five buildings on the 7.3-acre site, in accordance with the company’s long-term objectives. The completed project will achieve three major goals:

1 Business growth and attraction. The project will aid in HiViz’s growth and success, as well as assist in local efforts to attract similar industries.

2 Primary job creation. The first phase of the Hiviz project proposed creating 20 new positions. As of the 2016 annual report, the company had already created 42 jobs. Company officials estimate an additional 50 jobs will be created by 2018 and 36 more jobs by 2020 for a total of 128 positions at HiViz with average pay above Albany County’s median wage by 2020.

3 Generate revenue to fund future economic development projects Revenue generated from the lease and sale of building space will be reinvested in local and state economic development efforts. Most of the revenue retained by the community will fund future economic development projects


The project will allow the community to assist an innovative company, which is an industry leader. This alternative to private financing will allow HiViz to purchase nearly $4 million in essential equipment over the next five years.

Lease and Revenue Recapture

HiViz will lease the building from LCBA for a period of 10 years commencing January 2018 or the day after the date of the certificate of occupancy, whichever comes first. The lease rate is $84,320 in year one and escalates annually to $124,992 in year 10. The lease rate is contingent upon annual job creation and payroll meeting annual goals mutually agreed upon. HiViz will pay the taxes, utilities and insurance on their equipment and personal property. LCBA will insure the actual structure

HiViz may purchase the property at any time during the lease term but not later than 10 years. The purchase price is Fair Market Value. Disposal of property constructed with public funds must be done according to BRC rules and state statute The purchase price shall be adjusted to give them a credit equal to 70 percent of the lease payments actually made by HiViz. The cash match contributed to the project by HiViz will not be credited upon purchase of the building.

LCBA will return 25% of all net revenues realized to the BRC account. This includes revenues from the lease to HiViz and 25% of the purchase price of the building at the time of sale.

Information depicted in the investment analysis graphic is projected (I.e. the sale price of the building is estimated based on lease payments paid, date of purchase, etc.); however, the project appears to have a return on investment of 8.75%.

Timeline

The applicant estimates project construction will be complete by January 2018. This completion date is based on the project being bid/awarded by March 2017, construction beginning May 2017 with substantial completion in December 2017 and HiViz being able to occupy the building by January 2018.

Funding

The total project cost is $3,331,519, of which $3,000,000 represents the Business Committed grant and $331,519 represents cash match. Match will be provided by HiViz and deposited into a city account prior to expending grant funds. Additionally, HiViz is committed to paying for cost overruns should there be any.

BRC amount 3,000,000$ Cash Match 331,519$ In-Kind Match 361,904$ Total eligible project cost 3,693,423$ BRC % of total eligible project costs 81%Local % of total eligible project costs 19%

Land ValueLand Value (Match) 361,904$ Non-Construction CostsArchitectural and Engineering fees 228,200$ Project inspection fees 8,723$

Site work 385,790$ Building Components: Electrical Systems 339,100$ Mechanical, plumbing, HVAC systems 329,920$ Landscaping 67,500$ Foundation and/or Structural Framing system 965,187$ Interior Finishes 229,375$ Fire Protection 58,496$ Other (General Conditions, Construction Mgt Fees) 440,618$ Miscellaneous/Other (Insurance and Bonds) 80,901$ Contingencies (6%) 197,709$ Total Uses 3,693,423$

Construction Costs

Sources

Uses



Staff recommends funding as a Business Committed grant in the amount of $3,000,000, as requested.

Performance measures for this project include the completion of the 20,000 square-foot facility, job creation, payroll, capital investment and tracking sales growth.

Project Overview

$0 $3,022,500

$3,022,500Local Lease Revenues Estimated Tax Benefits State Lease Revenue Estimated Tax Benefits

$63,240 $217,160 $21,080 $210,344

Local Lease Revenues Estimated Tax Benefits State Lease Revenue Estimated Tax Benefits$778,372 $1,074,827 $259,457 $785,376

Local Building Sale State Building Sale$1,660,871 $553,624

$2,287,707.00$2,214,495

Local Benefits State Benefits$3,794,470 $1,829,881

$5,624,351INTERNALRATE OF RETURN 8.75%

City of Laramie

PUBLIC INVESTMENT STATE OFWYOMING

YEARS1-2

YEARS3-10

YEAR10

PUBLICRETURNS:

Purpose

Description BRCCash In-Kind

Land -$ -$ 361,904$ Non-Construction Costs 213,347$ 23,576$ -$ Construction Costs 2,786,653$ 307,943$ -$ Total Project Cost 3,000,000$ 331,519$ 361,904$

Quantity1

8.75%834,161$

2,502,483$ 16.95$ 20.00$

863,985,000$

2 20,000

City of Laramie - HiViz Shooting Systems ExpansionThe city of Laramie requests a Business Ready Community, Business Committed grant in the amount of $3,000,000 for the construction of a 20,000 square-foot building for HiViz, a Laramie based fire arm accessory manufacturer.


361,904$ 236,923$

3,094,596$ 3,693,423$

Performance Measures

Measure NotesBusinesses AssistedReturn on InvestmentState Revenue Recpature 10 Year Recapture

Jobs to be Created (3 Year Projection) 3 Year EstimateAdditional Private Investment 5 Year Estimate

Local Revenue Recpature 10 Year RecaptureCounty Median Wage March 2016 DataMedian Wage of Jobs Created


Land AcresNew Building Construction Square Feet



LARAMIE $3,000,000 Community Readiness Grant

Empress Lot Redevelopment


Project Description

The city of Laramie requests a Business Ready Community (BRC), Community Readiness grant in the amount of $3,000,000 to redevelop the Empress Lot, a blighted property in the city’s downtown district on 2nd Street. Funds will be used to construct a two-story, mixed-use building, which will accommodate retail space on the ground floor and space available for tenant finish on the second floor. Laramie and the Main Street program believe the space would be prime for apartments; however, it could be used as office space or for another office. Ground floor space has been pre-leased to a local business, Big Hollow Food Co-op. The business anticipates this expansion will result in annual growth of 12% for the next five years.


The purpose of this project is to construct a mixed-use building, which will provide additional retail and possibly residential space in Laramie’s downtown. The completed project would achieve four main goals:

1 Rehabilitate a blighted property in the heart of Laramie’s downtown. The Empress Lot has been an eyesore in Laramie’s downtown since the previous Fox Theater Building was permanently closed in the 1970s. The neglected building was demolished in 2009 at a cost of over $1 million; removing a large roadblock to development

2 Facilitate the expansion of Big Hollow Food Co-op. The expansion of Big Hollow is expected to create 12 new positions and capital investment of at least $600,000 over the next five years.

3 Increase downtown traffic and local business sales volume. Increased customer traffic from Big Hollow’s expansion will also result in more downtown traffic, benefiting other businesses. Second floor residential units will also contribute to downtown business sales

4. Generate revenue to fund economic development projects Revenue generated from the lease and sale of building space will be reinvested in local and state economic development efforts. Local revenue would be specifically designated for Laramie Main Street projects.

This project will also benefit regional agricultural producers. Big Hollow currently stocks products from 30 Wyoming producers and 15 Colorado producers. Big Hollow’s intent to stock more products and increase sales volume will increase sales for these producers

Information depicted in the investment analysis graphic is projected (i.e. tax revenues, possible sale of the building) however the project appears to have a return on investment of 2.68%.


Big Hollow will lease the building from Laramie Main Street Alliance (LMSA) for a period of 10 years commencing June 1, 2018 or within 12 months of the City’s execution of the grant agreement with the WBC or upon issuance of Certificate of Occupancy, whichever is later. The lease rate is $34,404 annually ($2,867 per month) for the ground level space. LMSA will pay the property taxes. Big Hollow will pay utilities and insurance on their equipment and personal property. LMSA will insure the actual structure.

Big Hollow may purchase the property at any time during the lease term and has right of first refusal should LMSA receive a written offer from a third party for purchase of the property for 12 years after the date of the lease commencement. The purchase price is Fair Market Value. The purchase price can be adjusted to give Big Hollow a credit equal to 75 percent of the lease payments made. Disposal of property constructed with public funds must be done according to BRC rules and state statute

Mainstreet also has the right to condominiumize the property and allow Big Hollow to purchase a portion of the property

LMSA will return 25% of all net revenues realized to the BRC account This includes revenues from the lease to Big Hollow and 25% of the purchase price of the building at the time of sale.

Information depicted in the investment analysis graphic is projected (I.e. the sale price of the building is estimated based on lease payments paid, date of purchase, etc.); however, the project appears to have a return on investment of 2.68%.

Timeline

The applicant estimates the project will be complete by May 2018. This completion date is based on the project being bid/awarded by April 2017, construction beginning June 2017 with substantial completion April 2018 and Big Hollow being able to occupy the building by May 2018.

BRC amount 3,000,000$ Cash Match 81,863$ In-Kind Match 76,032$ Total eligible project cost 3,157,895$ BRC % of total eligible project costs 95%Local % of total eligible project costs 5%

Land ValueLand Value (In-Kind Match) 76,032$ Non-Construction CostsArchitectural and Engineering fees 300,000$ Other fees (surveys, tests, etc.) 25,000$ Project inspection fees 25,000$

Site work 100,000$ Building Components: Electrical Systems 225,000$ Mechanical, plumbing, HVAC systems 280,000$ Landscaping -$ Foundation and/or Structural Framing system 1,025,000$ Interior Finishes 420,000$ Fire Protection 25,000$ Miscellaneous/Other (Built In Equipment) 400,000$ Contingencies (8%) 256,953$ Total Uses 3,157,985$

Sources

Uses

Construction Costs


Funding

The total project cost is $3,157,895, of which $3,000,000 represents the Community Readiness grant and $157,895 represents cash match. Cash and in-kind matches are provided from the following sources:

• $15,000: Laramie Main Street program reserves • $22,500: Wyoming Main Street program grant • $44,363: Big Hollow Food Co-op • $76,032 (in-kind): Laramie Community Re-Development Foundation, land donation


Staff recommends funding in the amount of $3,000,000, as requested.

Performance measures for this project include the rehabilitation of a blighted lot in Laramie’s downtown, construction of the building, job creation, capital investment, increased co-op membership, completion of the second floor space and lease of the second floor space, increased downtown traffic, increased sales in other downtown businesses, additional economic development made possible by revenue recapture.

$0 $3,022,500

$3,022,500Lease Revenues Estimated Tax Benefits Recapture Funds Estimated Tax Benefits

$21,303 $122,123 $7,101 $106,498

Lease Revenues Estimated Tax Benefits Recapture Funds Estimated Tax Benefits$208,602 $425,214 $69,534 $142,953

Building Sale Recapture Funds$2,077,571 $692,524

$796,788.00$2,770,095

Local Benefits State Benefits$2,854,813 $1,018,610

$3,873,423INTERNALRATE OF RETURN 2.68%

City of Laramie

PUBLIC INVESTMENT STATE OFWYOMING

YEARS1-2

YEARS3-10

YEAR10

PUBLICRETURNS:


Purpose

Description BRCCash In-Kind

Land -$ -$ 76,032$ Non-Construction Costs 340,703$ 9,297$ -$ Construction Costs 2,659,297$ 72,566$ -$ Total Project Cost 3,000,000$ 81,863$ 76,032$

Performance Measures

Quantity1

2.68%769,159$

Local Revenue Recapture 2,307,476$ Estimated State Tax Benefits 157,882$

420,002$ 12

Annual Sales Growth 12%600,000$

0.1511,000


Acres DevelopedNew Building Construction Square Feet

Businesses Assisted

State Revenue Recapture Ten year estimate

Additional Private Investment Big Hollow Investment and 2nd Floor Finish

Return on Investment

Jobs to be CreatedEstimated Local Tax Benefits

Ten year annualized return

Five year estimate (PT and FT equivalent to 7 FTE)Ten year estimateTen year estimate

Five year annual estimate

Ten year estimate

3,157,895$ Measure

City of Laramie - Empress Lot RedevelopmentThe city of Laramie requests a Business Ready Community (BRC), Community Readiness grant in the amount of $3,000,000 to redevelop the Empress Lot, a blighted property in the city’s downtown district on 2nd Street.


76,032$ 350,000$

2,731,863$

Notes

Project Overview



LINCOLN COUNTY ECONOMIC DEVELOPMENT JPB $3,000,000 Community Readiness Grant $1,250,000 Business Ready Community Loan

Glencoe Junction Purchase

Staff Recommendation: Do not fund

Project Description

The Lincoln County Economic Development Joint Powers Board (JPB) requests a Business Ready Community Community Readiness grant in the amount of $3,000,000 and a BRC loan in the amount of $1,250,000 to purchase the Glencoe Junction facility (south of Kemmerer) to create an industrial park with rail access. The county has long identified the lack of rail capacity as a hindrance to economic development in the county

The site is currently owned by Encana Corporation and has been identified as surplus to its current operational needs. The purchase price was determined through negotiations with Encana Corporation and based on an appraisal of the property by a rail property expert.

The 300-acre property includes several buildings including a 6,400 square-foot truck maintenance building and a 9,600 square-foot equipment building. The site also includes industrial scales and a 1.4 mile horseshoe shaped siding with triple tracks and eight trans-loading stations. The rail infrastructure can accommodate over 250 cars and has an onsite engine for switching and staging rail cars. The site is served by gas and electric. There is a water tank on-site and a septic system to serve the buildings.

The JPB identified Watco, a national rail servicing company which also services the Swan Ranch park located in Cheyenne, WY, as the operator and will be responsible for marketing, ongoing operations and maintenance of the site as a transloading/switching site in accordance with an agreement between Watco and the JPB. Watco will handle property lease and share revenue with the JPB (Watco 30%/JPB 70%).


The purpose of this project is to purchase the 300-acre industrial site from Encana which pulled its operations from the area in 2013. As the site allows easy access to both rail and truck transport via Interstate 80, it could be tailored to fit the needs of a variety of enterprises The completed project would achieve three main goals:


1. Creation of an industrial park with both single user and shared-use rail-loading facilities.

2. Use of space and resources to attract companies, increase state/local tax collections and create new jobs

3. Sale or lease of parcels, generating revenue recapture to repay state loans and grant amounts, as well as fund local economic development projects

The JPB will also consider a single purchase option if a company purchases the land for immediate use or for future development

Timeline

The applicant estimates the project purchase will be complete by March 2017.

Funding

The total project cost is $4,250,000, of which $3,000,000 represents the Community Readiness grant and $1,250,000 represents cash match. Match is provided by the BRC loan.

Loan Terms

Total Project: $4,250,000

Total Loan: $1,250,000

BRC Grant: $3,000,000

Collateral: 300-acre property to be purchased and associated improvements

Repayment: The loan will be repaid from car storage fees

Term: 30 years

Interest Rate: 0%

Fees: .5% loan fee (not to exceed $5,000)

Other fees (i.e. loan documentation, appraisal, filing, etc.) are the responsibility of the Lincoln County.

Lincoln County will repay the BRC Program $1,250,000 in principal and interest.

BRC amount 3,000,000$ Cash Match (BRC Loan) 1,250,000$ In-Kind Match -$ Total eligible project cost 4,250,000$ BRC % of total eligible project costs 71%Local % of total eligible project costs 29%

Land Acquisition CostsLand 4,250,000$ Total Uses 4,250,000$

Sources

Uses


Revenue Recapture

The BRC program will receive 50 percent of any revenue received from the sale or lease of the subject property. Lincoln County Economic Development Joint Powers Board will retain 50 percent of revenues which will be used to pay the loan payment, to provide match for other grant opportunities, for the promotion, operation, maintenance or enhancement of the Glencoe Junction property. If there is sufficient funding to provide revenue to the Lincoln County economic development program it will be used for their operation and management costs.


Staff does not recommend funding due to limited available funding in accordance with the BRC allocation plan and available Community Readiness funding

If the board determines this project should be recommended for funding, staff suggests the recommendation be contingent upon an environmental assessment. The property has not been assessed since 2008 after which Encana’s operations were active. Staff further suggests structures on the property be assessed

Suggested performance measures include the purchase the property, an executed agreement between the JPB, creation of an industrial park with both single user and shared-use rail-loading facilities, job creation increased state and local tax collections, sale or lease of parcels, generating revenue recapture, repayment of the BRC loan and required revenue recapture, funding local economic development projects, single purchase option (should that occur).

Project Overview

Purpose

Description BRC

Land 3,000,000$ Total Project Cost 3,000,000$

Quantity1,250,000.00$

50%50%

300 7,392

16,000

Lincoln County - Glencoe Junction PurchaseLincoln County requests a Business Ready Community (BRC), Community Readiness grant in the amount of $3,000,000 and a Special Assistance loan in the amount of $1,250,000 to purchase the Glencoe Junction facility to create an industrial park with rail access.


4,250,000$ Cash (BRC Loan)

1,250,000$


Acres PurchasedRail Spur LFExisting Building Space SF

Local Revenue Recapture Unknown value at this time

4,250,000$ Performance Measures

Measure NotesLoan Repayment

1,250,000$

Unknown value at this timeState Revenue Recapture



OLD PEN JOINT POWERS BOARD (JPB) $500,000 Community Enhancement Grant

Adaptive Reuse of Historic Guards Quarters


Project Description

The Old Pen Joint Powers Board (JPB) requests a $500,000 BRC Community Enhancement grant to renovate the historic Wyoming Frontier Prison Guards Quarters in Rawlins. The Guards Quarters is a large building on the eastern side of the historic penitentiary in Rawlins. It was constructed in 1922. At that time, the quarters housed the blacksmith, steam fitting and plumbing departments, garage and automobile repair commissary and general store room. There were shower and tub baths, a barbershop and living space for the guards The basement housed a boiler room and coal bunker

Since the 1980s, after the Wyoming State Penitentiary was constructed, the historic prison’s Guards Quarters has been used as storage and a workshop. The JPB proposes to use the space for the offices of the Carbon County Visitors Council (CCVC), a conference room and additional restrooms. The CCVC is currently located on the second floor in a downtown building. Finding the office is problematic and parking is very difficult, particularly for larger recreational vehicles.

The co-location will allow visitors to the Old Pen (Carbon County’s largest tourist attraction) to easily find information on lodging, museums, other attractions and destinations in Rawlins and Carbon County. The project is based on information derived through a BRC Planning grant awarded in 2014. The project also builds on the planning and strategy work done by the city of Rawlins to increase tourism

Myers-Anderson Architects assessed the building for structural integrity and found it to be in good condition.

The Old Pen received a BRC Planning grant in 2014 for $18,750 to assess the feasibility of this project, $102,813 in BRC Enhancement funds in 2013 to stabilize the main prison building and $31,363 in BRC Enhancement funds in 2005 for the installation of an irrigation system.



The purpose of the CCVC is to promote and increase local travel and tourism. The CCVC and the JPB believe the timing is right for a partnership given the downturn in natural resource industries. Co-locating with the Wyoming Frontier Prison will provide an increase in the number of visitors to the CCVC (currently around 360 per year), as well as adequate parking. The Old Pen hosts approximately 14,500 visitors annually. If half the visitors to the Old Pen also stop at the CCVC, their contacts will increase by 2,000%.

Based on a visitor intercept study completed by Randall Travel Marketing, Inc., visitors who are informed of area attractions through the CCVC spend an average 2.81 nights and $241.14 per travel party per day. This equates to an annual economic impact of $243,937.22. If that contact increases by 2,000%, the economic impact could be nearly $5 million.

The Wyoming Frontier Prison is listed on the National Register of Historic Places. The State Historic Preservation Office has determined the project will not adversely affect the historic status.

The rental income received from the CCVC will bolster the Old Pen’s revenue stream. Revenues also support the Frontier Prison Museum, the Wyoming Peace Officers’ Museum and an exhibit on the current Wyoming State Penitentiary.

An additional benefit is constructing accessible public restrooms.


Assuming a lease rate of $600 per month each for the CCVC, the Old Pen will receive $7,200 annually. The JPB will retain 50% for future projects and 50% will be used for operations and maintenance for the Wyoming Frontier Prison.

Timeline

The applicant estimates the project will be complete by Spring, 2019.

Funding

The total project cost is $1,017,000. $500,000 represents the Community Enhancement grant The grant is matched by a $500,000 Community Development Block Grant (CDBG). In-kind contributions of labor by the Carbon County Visitors Council, the Old Pen Joint Powers Board and the city of Rawlins are valued at $17,000. Cost per square foot is $252.

Myers-Anderson Architects, PLLC provided cost estimates.

BRC amount 500,000$ Cash Match 500,000$ In-Kind Match 17,000$ Total eligible project cost 1,017,000$ BRC % of total eligible project costs 49%Local % of total eligible project costs 51%

Non-Construction CostsArchitectural and Engineering fees 91,789$ Other fees (surveys, tests, etc.) 9,179$

Site workDemolition and removal 24,204$ Building Components: Electrical Systems 141,700$ Mechanical, plumbing, HVAC systems 118,000$ Foundation and/or Structural Framing system 40,000$ Interior Finishes 311,781$ Fire Protection 10,000$ Remediation 15,000$ Other (Roof, General Conditions) 85,359$ Windows, Masonry 72,763$ Contingencies (10%) 97,225$ Total Uses 1,017,000$

Sources

Uses

Construction Costs



Staff recommends funding as a Community Enhancement grant in the amount of $500,000, as requested contingent upon receipt of $500,000 funding from the Community Development Block Grant program.

Performance measures include the renovation of the 7,326 square-foot historic Guards Quarters building; capturing visitor counts for the Old Pen and the Carbon County Visitors Center; tracking hotel occupancy, lodging and sales tax collections; and lease income from the CCVC.

Project Overview

Purpose

Description BRCCash (CDBG) In-Kind

Land -$ -$ Non-Construction Costs 50,484$ 50,484$ -$ Construction Costs 449,516$ 449,516$ 17,000$ Total Project Cost 500,000$ 500,000$ 17,000$

Quantity7,326 sf$36,000unknownunknown

2.81 nights

7,326 sf

Old Pen JPB-Historic Guards Quarters Reuse ProjectThe Old Pen Joint Powers Board requests a $500,000 Community Enhancement grant to renovate the historic Guards


-$ 100,968$ 916,032$

Lodging tax track for 5 yr reporting period

1,017,000$ Performance Measures

Measure NotesBuilding RenovationRevenue Recapture annual lease income for 5 yr reporting periodVisitor Counts CCVC track for 5 yr reporting periodVisitor County - Old Pen Currently avg 14,500, hoping for increaseHotel Occupancy track for 5 yr reporting period

Sales tax track for 5 yr reporting periodJobs to be RetainedAdditional Investment

Public Restrooms ADA compliantProject Infrastructure

Existing Building Renovation

1111C-1Personnel, Budget, and Audit Committee - December 2016

PERSONNEL, BUDGET, AND AUDIT COMMITTEE

SECTION C



December 8, 2016

Personnel:

C-5 Personnel Report

C-6 Organizational Charts

Budget and Audit:

C-9 Notes to Financials

C-11 Consolidated Financial Statements

AGENDA ITEMS


PERSONNEL REPORT

November 28, 2016

Farewells:• CRM Administrator, Melinda Johnson – November 2016

• Executive Assistant, Linda Hollings – December 2016

• Northeast Regional Director, Dave Spencer – December 2016

• Chief Financial & Administrative Officer, Diane Joyce – April 2017

Recruitment Update:

Interview Phase:• Industrial Development Manager

• Advanced Industries Manager

• Agriculture & International Trade Coordinator

• Northeast Regional Director

Under Evaluation:• Database Administrator (Formerly CRM Administrator)

• Executive Assistant

• Planning Manager

Positions Filled:• BRC Project Manager – December 2016

• Karen Fate (Internal Promotion)

• Brayden Connour

• Community Initiatives Director – December 2016

• Kim Porter (Internal Promotion)

6666Personnel, Budget, and Audit Committee - December 2016C-6

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Klee

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toria

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omm

unity

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elop

men

t30

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-17

636

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53

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Jani

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ent

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rant

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icro

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(pro

ject

sum

mit)

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mie

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sure

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unity

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men

t30

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2,25

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gra

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rant

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sist

ance

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mie

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sure

rC

omm

unity

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men

t30

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-16

25,0

00$

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BR

C g

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mun

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unity

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men

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nt:

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ista

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oln

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sure

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omm

unity

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-19

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244,

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ount

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unity

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C

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nt:

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ount

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easu

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Com

mun

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opm

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1,50

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409,

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and

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rC

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unity

Dev

elop

men

t30

-Jun

-20

2,57

8,00

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9,87

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NC

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per M

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unity

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t30

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905,

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242

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sure

rC

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unity

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men

t30

-Nov

-16

50,0

00$

-$

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BR

C g

rant

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atro

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mun

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30-N

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nd J

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on C

ount

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ount

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easu

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mun

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30-S

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hild

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lann

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atel

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7 A

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tect

sC

omm

unity

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men

t31

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5,00

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Mai

n St

reet

gra

nt:

Stat

emen

t of W

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#1 S

team

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ntSu

blet

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ount

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easu

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Com

mun

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31-D

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mun

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opm

ent

30-J

un-2

12,

480,

769

$

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$

BR

C g

rant

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EC In

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Expa

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ton

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mun

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30-J

un-2

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BR

C g

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care

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mun

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opm

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31-D

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68,

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mun

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evel

opm

ent

30-J

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93,

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000

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BR

C g

rant

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ton

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mat

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opm

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30-J

un-1

92,

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425

$

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8,

825

$

BRC

gra

nt:

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vin

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nsio

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unity

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t30

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8,94

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1,

538,

944

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BRC

gra

nt:

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pro

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unity

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men

t21

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-16

38,8

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16

6$

CD

BG g

rant

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wn

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l AD

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mun

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unity

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men

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140

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CD

BG g

rant

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and

con

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mun

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30-J

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BR

C g

rant

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prov

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tsTo

wn

of C

owle

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omm

unity

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elop

men

t30

-Jun

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500,

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$

101,

422

$

BRC

gra

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Com

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mun

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evel

opm

ent

30-J

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142

5,60

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$

-$

BR

C g

rant

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omm

unity

cen

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xpan

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sen

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Com

mun

ity D

evel

opm

ent

30-N

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625

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160

$

BR

C g

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ind

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1-Ju

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249,

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CD

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rant

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unity

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418,

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BG g

rant

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unity

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t30

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407,

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BRC

gra

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unity

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men

t30

-Jun

-21

900,

000

$

90

0,00

0$

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BRC

gra

nt: G

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usin

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t22

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11,4

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all a

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t30

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437,

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unity

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t30

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-21

750,

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671,

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ant:

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gra

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unity

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t30

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73

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com

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mun

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opm

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30-J

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BRC

gra

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fsC

omm

unity

Dev

elop

men

t30

-Nov

-16

50,0

00$

50,0

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BRC

gra

nt:

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th W

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land

use

mas

ter p

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n of

Pin

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omm

unity

Dev

elop

men

t30

-Jun

-17

7,50

0$

7,

500

$

-

$

Mai

n St

reet

gra

nt:

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nica

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ista

nce

Tow

n of

Sar

atog

aC

omm

unity

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elop

men

t31

-Dec

-15

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00$

-$

12

,994

$

C

DBG

gra

nt:

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mas

ter p

lan

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out

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clai

rC

omm

unity

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t30

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25,0

00$

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BRC

gra

nt:

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omm

unity

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men

t30

-Jun

-21

500,

000

$

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500,

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$

BRC

gra

nt:

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unity

Dev

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men

t30

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-$

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$

BRC

gra

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of T

hayn

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omm

unity

Dev

elop

men

t30

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-20

1,14

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121,

346

$

BRC

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nt:

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mun

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opm

ent

30-J

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138

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BR

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rant

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mun

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BR

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omm

unity

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elop

men

t30

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190,

000

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-

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190,

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gra

nt:

Sout

h C

ampb

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ount

y AG

Com

plex

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f Wyo

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unity

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25,4

34$

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-

$

SEP

gran

t: W

ind

Stud

y C

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r for

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and

pub

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yW

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mun

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SE

P gr

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audi

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retro

fits

End

of y

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us4,

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3,

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com

mun

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ions

, Cen

tral M

ail,

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or V

ehic

les,

Cop

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p., e

tc.

83,4

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45,8

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ss A

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38,0

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Tour

23

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s C

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30-S

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154,

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11,6

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st s

mal

l bus

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d en

trepr

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d of

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Tele

com

mun

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tral M

ail,

Mot

or V

ehic

les,

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p., e

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392,

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15

4,13

6$

49

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Edifi

ce L

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artn

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s31

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1,35

0$

67

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Offi

ce le

ase

Linc

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nty

Trea

sure

rR

egio

nal O

ffice

s30

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3,60

0$

2,

700

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-

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Offi

ce le

ase

Roy

L. M

arke

gard

Reg

iona

l Offi

ces

30-J

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73,

600

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2,40

0$

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O

ffice

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nive

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of W

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30-J

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2,97

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O

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6,30

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4,

725

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-

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Offi

ce le

ase

End

of y

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com

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p., e

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18,8

10$

13,4

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-

$

88

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$

10

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$

46,2

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Bus

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sPe

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Rea

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ash

Dev

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BC

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abili

tatio

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Cas

h ba

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fore

obl

igat

ions

250.

00$

19,3

97,0

80.5

3$

268,

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4,54

1,60

6.14

$

80,9

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0$

Obl

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ed fu

nds:

Und

istri

bute

d W

IDC

cha

lleng

e lo

an L

OC

-$

(1,1

00,0

00.0

0)$

-

$

-

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-

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ncum

bere

d fu

nds*

*-

$

(3

8,70

4.38

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-$

(25,

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A

ccou

nts

paya

ble

& ot

her l

iabi

litie

s, a

nd d

efer

red

reve

nue

-$

-$

-$

-$

-$

Lar

ge lo

an in

frast

ruct

ure

prog

ram

pro

ject

s ap

prov

ed b

y SL

IB (S

tand

ard

Alco

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s C

arbo

n, C

ody

Labs

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6,00

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201

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h ba

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2,

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24

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Year

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17,4

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ccor

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e te

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of a

n ag

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ith th

e U

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ome

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3,20

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39,3

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fund

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ount

s pa

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e &

othe

r lia

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and

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venu

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nt S

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(4

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0)$

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1,02

2,70

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12,3

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15

1.31

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4,

228.

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not i

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ll si

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aine

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Fund

s

Gov

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Petr

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s of

09/

30/2

016

WYO

MIN

G B

USI

NES

S C

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h B

alan

ces

Sept

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r 30,

201

6 - U

naud

ited


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l Bal

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inci

pal

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men

ts7/

1/20

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onom

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Not

es 1

and

2)

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et g

row

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(see

atta

ched

det

ail)

181,

604

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19

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162,

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162,

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137

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100%

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137

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e 1)

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YM

CA

7/28

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115,

398

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-

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-

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11

5,39

8$

694

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68$

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8/22

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154,

564

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15

4,56

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12/2

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& L

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89,8

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9$

67

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30,5

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7$

31

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49

7,26

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497,

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10

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3,47

7$

508,

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9$

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9,98

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784

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75$

10

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31,8

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27

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41

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41,8

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2,

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34

7$

44

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A

men

dmen

t IV

loan

s (s

ee N

ote

1) T

enup

ah, L

LC5/

12/9

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000

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14

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7$

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353,

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353,

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Not

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Nat

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9/22

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245,

241

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-

$

24

5,24

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242,

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24

5,24

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24

2,48

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e 2)

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-

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25

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259,

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C

ity o

f Che

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4/9/

152,

453,

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2,45

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-

$

2,

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City

of G

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6/27

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2,46

5,71

6$

-

$

-

$

2,

465,

716

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-$

2,04

0,79

8$

C

ity o

f Lan

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10/2

3/14

119,

555

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-

$

-

$

11

9,55

5$

-$

-$

119,

555

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C

ity o

f Lar

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- H

IVIZ

Cor

pora

tion

6/25

/15

494,

951

$

-

$

-

$

49

4,95

1$

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494,

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C

ity o

f Lar

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- U

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627

7,88

8$

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277,

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-

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27

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Gos

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247,

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-

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J

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7/10

617,

961

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$

61

7,96

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617,

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J

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on H

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1$

-

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Tet

on C

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7$

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782,

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$

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7$

Tow

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8$

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957,

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-

$

95

7,44

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83,5

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-

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11

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10,7

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AR

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loan

s (s

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ote

3) T

own

of B

asin

5/8/

1275

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75,6

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75

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L

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135,

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1,13

5,57

8$

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1,

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578

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1,21

1,25

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-

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$

1,

211,

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Una

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$

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va

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346,

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13

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Not

e 1

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s no

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pym

ts re

ceiv

ed b

y M

arke

e (lo

an s

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rovi

der)

but n

ot y

et re

mitt

ed to

WBC

; pym

ts re

ceiv

ed b

y M

arke

e in

the

curre

nt m

onth

are

rem

itted

to

WBC

afte

r the

end

of t

he m

onth

Not

e 2

- ann

ual p

rinci

pal a

nd in

tere

st p

aym

ents

; rep

aym

ent o

f loa

n co

mm

ence

s 1

year

afte

r ful

ly d

raw

n.N

ote

3 - i

nter

est o

nly

paym

ents

for 2

yea

rs; p

rinci

pal a

nd in

tere

st a

nnua

lly th

erea

fter.

Not

e 4

- def

erre

d in

tere

st is

acc

rued

and

add

ed to

the

prin

cipa

l bal

ance

. D

efer

red

Inte

rest

$20

,240

.70

as o

f 9/3

0/16

.

Cas

h R

ecei

pts

Sinc

e 7/

01/1

6

WYO

MIN

G B

USI

NES

S C

OU

NC

ILLo

ans

Rec

eiva

ble

- Una

udite

dB

alan

ces

as o

f Sep

tem

ber 3

0, 2

016


Orig

inat

ion

Dat

eLo

an B

alan

ceAl

low

ance

Writ

e-of

fN

et B

alan

cePr

inci

pal

Inte

rest

Com

men

tsB

eet G

row

er L

oans

Ad

obe

Butte

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ch4/

25/0

72,

446

$

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$

-

$

2,

446

$

-

$

-

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Berth

od, M

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72,

552

$

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$

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2,

552

$

-

$

-

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Big

Hor

n La

nd/L

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tock

4/26

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1,16

7$

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-$

1,16

7$

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-$

C

hris

tens

en, D

enni

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73,

469

$

-

$

-

$

3,

469

$

-

$

-

$

Chr

iste

nsen

, Ken

t8/

3/07

2,53

7$

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-$

2,53

7$

-$

-$

C

raft,

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26/0

72,

572

$

-

$

-

$

2,

572

$

-

$

-

$

Del

los

Farm

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73,

958

$

-

$

-

$

3,

958

$

-

$

-

$

Edw

ards

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77,

244

$

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$

-

$

7,

244

$

-

$

-

$

Euge

ne M

iller &

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s4/

26/0

78,

553

$

-

$

-

$

8,

553

$

-

$

-

$

Foss

, Luc

as8/

2/07

3,07

1$

-$

-$

3,07

1$

-$

-$

Fo

ss, J

erry

8/2/

071,

628

$

-

$

-

$

1,

628

$

-

$

-

$

Gei

s, N

ick

4/25

/07

7,13

9$

-$

-$

7,13

9$

-$

-$

H

aun

Farm

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26/0

72,

851

$

-

$

-

$

2,

851

$

-

$

-

$

Jord

an F

arm

s4/

26/0

77,

317

$

-

$

-

$

7,

317

$

-

$

-

$

Kelle

r Far

ms

4/26

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5,25

4$

-$

-$

5,25

4$

-$

-$

Ke

ller,

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n4/

25/0

76,

667

$

-

$

-

$

6,

667

$

-

$

-

$

Mad

den,

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ny8/

2/07

5,72

7$

-$

-$

5,72

7$

-$

-$

M

ende

z Br

othe

rs4/

25/0

76,

261

$

-

$

-

$

6,

261

$

-

$

-

$

Mic

hael

Vig

il Fa

rms

4/25

/07

4,39

5$

-$

-$

4,39

5$

-$

-$

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201

6 - U

naud

ited

11D-1Business Contract and Loan Committee - September 2016

BUSINESS CONTRACT AND LOAN COMMITTEE

SECTION D



December 8, 2016

Business Contract and Loan Committee:D-5 Challenge Loan Reporting Requirements — Josh Keefe, Action Item

AGENDA ITEMS


214 West 15th Street Cheyenne, WY 82002

Tel: (307) 777-2800 Fax: (307) 777-2837

To: Wyoming Business Council Board of Directors

From: Josh Keefe

Subject: Challenge Loan Reporting Requirements

Date: December 8, 2016

1. Past Due Report. Challenge Loan Policy requires quarterly reporting of all loans 30 days or more past due.

• There are no loans past due during the quarter ending September 30, 2016.

2. Loan Loss Reserve Analysis. Challenge Loan Policy requires a review of all loans that are delinquent (over 30 days past due) and a specific reserve will be allocated if the review warrants. There will be an additional unallocated reserve of one-half of one percent of the total portfolio balance.

• As of September 30, 2016, no loans were 30 days or more past due.

• Council staff recommends a reserve allocation of 10% for the combined balance of the Economic Emergency Loans (Seed Grower, Bean Grower and Beet Grower Loans). The current balance in that reserve is 10% or $18,160.

• The unallocated reserve is more than adequate with a balance of $107,492 while policy requires a minimum of $6,633.

• There are no identified credits that are not past due but could present collection problems in the future.

3. Charge off balances.

• None to report.

Staff Recommendation: Staff recommends acceptance of this report.

Wyoming Business Council Board of Directors Meeting · 2016. 12. 12. · Minutes - December 2016...

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Transcript of Wyoming Business Council Board of Directors Meeting · 2016. 12. 12. · Minutes - December 2016...