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#07 Approve economic development grant to The Crosby Place Community Development Department Memorandum August 11, 2009 TO: Janesville City Council FROM: Gale S. Price, AICP, Manager of Building and Development Services SUBJECT: Review and approval of an Economic Development Grant to The Crosby Place, LLC located at 120 North Crosby Avenue. Summary In 2002 the City Council adopted an ordinance to establish an Economic Development Grant program to permit the City Council to approve economic grants to those establishments that obtain a Reserve Class B liquor license. Based on specific criteria the City Council may approve such grants up to the one-time $10,000 Reserve Class B liquor license fee. The Crosby Place, LLC represented by Tim Richards has requested an Economic Development Grant for their Reserve Class B license which was issued on July 13, 2009. Committee and Staff Recommendation The Alcohol License Advisory Committee and the Community Development Department recommend that following the City Council review, a motion to approve an Economic Development Grant in the amount of $10,000 for The Crosby Place, LLC be approved. City Manager recommendation I concur with the ALAC and Community Development Department recommendations. Suggested Motion Motion to approve an Economic Development Grant in the amount of $10,000 for The Crosby Place, LLC. Request The City Clerks Office has received a written request for a $10,000 Economic Development Grant from Tim Richards, partner in The Crosby Place, LLC, for the Crosby Place banquet facility located at 120 North Crosby Avenue. The Crosby Place was issued a Reserve Class B license on July 13, 2009 and paid their initial $10,000 Reserve Class B license fee at that time. Background Alcohol licenses are regulated by State Statute Chapter 125 and Janesville Code of General Ordinances Chapter 5. In 1997, the State reduced the number of Class B licenses that a municipality may issue and created a new Reserve Class B alcohol license. A Class B license and a Reserve Class B license are the same except for the cost. A Class B license costs $600 per year and a Reserve Class B license costs $600 per year plus a one-time fee of $10,000 when the license is initially issued. The fees are paid to and retained by the City. Since the enactment of this Reserve Class B license fee, several cities in Wisconsin have created an economic development grant program which in effect refunds all or part of the initial $10,000 fee. In 2002, the City Council adopted an ordinance to establish such an Economic Development Grant Program to allow the City Council to issue a one-time non-repayable grant 1 to businesses who receive a Reserve Class B License. According to the ordinance, after submission by the applicant of a written application to the City Clerk for a grant, the City Council may provide an Economic Development Grant to the licensee in an amount not to exceed $10,000 following a review and recommendation from the Alcohol Licensing Advisory Committee (ALAC). The ordinance further provides that the City Council may consider the following criteria when determining whether to grant all or part of the $10,000 grant to a particular applicant: 1. That the extent to which the license and/or the grant will promote a redevelopment or rehabilitation project in the downtown or other commercial areas including the amount of investment, the extent of rehabilitation, historic preservation and public improvement effectuated, and related revitalization, health, welfare, peace and public good order factors. 2. That the applicant demonstrates that their investment and the establishment issued the Class B reserve intoxicating liquor alcohol beverage license is equal to or greater than the dollar amount of the grant request. 3. That the Class B reserve establishment is located at least 300 feet from any residential- zoned area. Analysis The Community Development Department has evaluated this request based on the above criteria and believes that the entire $10,000 initial license fee could be refunded as a grant. Staff’s findings are based on the following: 1. While the property is not located within the downtown area, it is located on the edge of a developed commercial corridor. This project is considered to be an in-fill development as it is re-using a portion of an existing building for a new banquet facility. In the approval of this project the developer is required to make building modifications to the assembly space and significant changes to the parking lot of the site including removing of paving and introduction of new greenspace. Not only does the project re-use an existing building, the greenspace and landscaping improvements have a positive impact on the neighborhood and community. 2. The investment to create the banquet facility is anticipated to increase the property value of the property in that the owners have invested $118,000 to date and when all improvements are created there will be over $200,000 of investment into the property. This amount of investment far exceeds the $10,000 initial license fee. 3. The proposed establishment is not located greater than 300 feet from a residentially- zoned area but the development was reviewed as a conditional use permit. Projects which require a conditional use permit receive additional analysis to ensure compatibility with surrounding land uses. Although this site is adjacent to residential zoned property, the requirement to be evaluated and approved through the conditional use process meets the intent of this criterion. cc: Eric Levitt Jacob J. Winzenz 2