2013 Issue #4 Newsletter South Eastern Council of Governments, Dakota BUSINESS Finance, and South Eastern Development Foundation Phone: (605) 367-5390 Fax: (605) 367-5394 Web: www.secog.org or www.dakotabusinessfinance.com Director’s Corner INSIDE THIS ISSUE Block Grant Awards in SECOG Region.….2 SDDOT Community Grant Award………..2 Evans Selected for Leadership SF.…....…..2 SDHDA’s Current Rates………….……….2 As 2013 comes to a close, we would like to report on some of the funding successes of 2013. SECOG assisted its members with securing over $11 million in grants and loans in 2013 SECOG’s members paid $261,226 in dues in 2013 For every dollar paid in dues, SECOG’s members received a return of $43.53 in grant and loan funding which amounts to a 4353% Return on Investment Duchscher Receives Government Award....3 I229 Crossroad Corridor Study……….…...3 Deadwood Grant Fund Applications…...….4 Funding Available for Trails……...……….4 What a Community Should Do………...….5 Forbes Appointed to Advisory Board……..6 Funding Available for Housing…….……...6 DBF & SEDF Approved Loans...................7 SECOG Calendar.......................................10 SECOG EXECUTIVE BOARD Chairman Mike Broderick Vice-Chair Bruce Odson Secretary/Treasurer Reed Ramstad Executive Director Lynne Keller Forbes Board Members: Sue Aguilar Kenny Anderson, Jr. Jeff Barth Vernon Brown Ralph Dybdahl Bill Hansen Jeff Holcomb Senator Shantel Krebs Craig Lloyd Dennis Olson Raymond Passick Farron Pratt John Prescott Bryan Roth Marvin Schempp Jim Schmidt Kevin Smith Senator Deb Soholt Lyle Van Hove Funding Source Amount Clean Water State Revolving Fund Loan $4,189,000 Community Action Grant $ 200,000 Community Development Block Grant $1,190,049 Consolidated Water Facilities Construction Program Grant $1,200,000 Economic Development Administration $1,246,054 Hazard Mitigation Grant Program $1,571,792 Safe Routes to School Grant $ 517,356 Solid Waste Management Program $ 378,750 Transportation Alternatives Program $ 879,232 Total $11,372,233 Please let us know if you have any projects you would like assistance with in 2014. We enjoy working with you to make the region a better place! 2 Two SECOG Communities Awarded Block Grants Jessica Evans Accepted into Chamber’s 28th Leadership Sioux Falls Program The Town of Chancellor received a Community Development Block Grant (CDBG) for $412,000 to rehabilitate sections of its sanitary sewer system with a total project cost of $986,000, and the City of Irene also received a CDBG for $515,000 to replace aging water and sewer lines with a total project cost of $3,702,000. The CDBG program provides local governments with funding to complete projects to improve living conditions. The CDBG program is funded through the U.S. Department of Housing and Urban Development and administered by the Governor’s Office of Economic Development. Types of eligible projects include water and sewer infrastructure, fire halls, and community centers. The next round of CDBG applications will be due on April 1, 2014. If you have any questions regarding project eligibility or application assistance please contact SECOG’s planners Janice Gravning or Seth Hyberger at 605-367-5390. The Sioux Falls Area Chamber of Commerce’s 28th year of Leadership Sioux Falls began on October 9th. Leadership Sioux Falls is an eight-month innovative program designed to meet the community’s need for active participation of informed and dedicated community leaders. The goal of the program is to inform, challenge and motivate participants by providing information on community resources, discussing community concerns, interacting with community leaders and building a sense of community trusteeship. The class is limited to 30-33 participants per year, and this year’s class was selected from more than 65 applicants received. Jessica Evans, Senior Loan Officer, was selected as one of the participants. SDDOT Community Access Grant Awarded The City of Lennox received a Community Access Grant Award for $200,000 for improvements along Main Street from 4th Avenue to SD HWY 17. The total project cost is anticipated to be $1,527,000. This street and utility improvements project will repair a heavily damaged roadway and enhance transportation access opportunities for thirty local businesses and a community park. SDHDA’s Current Rates SDHDA current interests rates are: The Community Access Grant Program was developed by the South Dakota Department of Transportation to construct community access improvements in communities of less than 5,000 persons. Community Access Program grants are awarded to South Dakota communities to enhance access to downtown areas or for roads leading to schools, hospitals, grain terminals, or other significant traffic generating features of a small community. The next round of applications for the Community Access Grant Program will by July 15, 2014. If you have any questions regarding application assistance please feel free to contact Janice Gravning or Seth Hyberger at 605-367-5390. 4.000% Government Fixed Rate 4.125% Government Fixed Rate w/tax credit 4.500% Government Fixed Rate Plus 4.625% Government Fixed Rate Plus w/tax credit 4.375% Conventional Fixed Rate w/1% Discount Pt. 4.500% Conventional Fixed Rate w/tax credit & 1% Discount Pt. 4.6250% Conventional Fixed Rate 4.750% Conventional Fixed Rate w/tax credit 5.125% Conventional Fixed Rate Plus 5.250% Conventional Fixed Rate Plus w/tax credit Please call SDHDA at 605-773-3181 or visit www.sdhda.org with questions. 3 Duchscher Awarded 2013 Excellence in Municipal Government Award I-229 EXIT 5 (26TH STREET) CROSSROAD CORRIDOR STUDY Parker Finance Officer, Jeanne Duchscher, received the South Dakota Municipal League’s 2013 Excellence Award in Municipal Government Award. The award was presented during the League’s annual conference held October 9 -11 in Aberdeen. Given annually, the Excellence Award is granted to elected officials, municipal employees, and individuals outside of municipal government based on a three-year rotation. This year’s award was presented to a municipal employee who has made an outstanding contribution to the further improvement of municipal government in South Dakota. Parker Mayor Ron Nelson said “Jeanne is a great asset to this community – she oversees many boards of our city…she brings with her energy and commitment that has been above and beyond what is expected of most.” Jeanne is active in her church, the community club, planning and zoning commission, economic development board, and area finance officers’ group. She has been instrumental in economic development projects and gaining recognition for the City, and works tirelessly to offer new ideas for consideration in every group in which she participates. Duchscher has also been a leader at the State level, serving as a district chair and moving up through the ranks on the Municipal League Board of Directors, currently serving as the first vice president, working on policy committees, working with the Congressional delegation and leading the SD Governmental Finance Officers’ Association. She and her husband, Tim, have two children, a daughter and son-in-law in Chicago, and a son and daughter-in-law in California. Work continues on the I-229 Exit 5 (26th Street) Crossroad Corridor Study. The area surrounding the I-229/26th Street interchange is important to the community as it serves commercial businesses and commuter traffic, provides access to and across I-229, and is adjacent to and provides access to the Big Sioux River Greenway and Pasley and Rotary Parks. As part of the study, several options for improvements at the I229 Exit 5 Interchange as well as improvements to the Intersection of 26th Street and Southeastern Avenue have been developed. To learn more about this study and how you can be involved, please visit the study website at: http://26thStreetCorridorStudy.com/. All are welcome to attend the public meeting on January 15th, from 5:30 p.m. 9:30 p.m. at John Harris Elementary School, 3501 East 49th Street, Sioux Falls, SD. 4 State Historical Society Announces Spring Deadwood Fund Grant Applications The South Dakota State Historical Society has announced that the applications for the first round of the 2014 Deadwood Fund grant program are due on Feb. 1, 2014, for work beginning no earlier than May 1, 2014. The program is designed to encourage large-scale restoration or rehabilitation of historic properties by individuals, organizations or public agencies, according to Jay D. Vogt, director of the State Historical Society, whose historic preservation office administers the program. Grants will be awarded in amounts ranging from $1,000 to $25,000. The grant amount must be matched on a dollar-for-dollar basis from non-federal and nonstate sources. Nonprofit organizations will be allowed to use in-kind services for one-half of their match. Grant forms are available online at http://history.sd.gov/ Preservation/FundingOpps/FundingOpportunities.aspx. In 2012, more than $106,700 was distributed among 12 projects. Funding for the program is from Deadwood gaming revenue earmarked by state law for historic preservation projects throughout the state and distributed by the State Historical Society. The second round of 2014 applications will be due on Oct. 1, 2014 for work beginning no earlier than Jan. 1, 2015. For more information on the South Dakota State Historical Society’s Deadwood Fund grant program, contact Janice Graving or Seth Hyberger at 605-367-5390. Funding Available for Trails South Dakota State Parks Director Doug Hofer has announced that applications are being accepted for grants from the Recreation Trails Program (RTP). The grants will be available for trail projects sponsored by municipalities, counties, state parks, federal land management agencies or tribal governments. “When it comes to promoting healthy communities, recreational trails are key,” Hofer said. “As safe corridors for exercise and recreation, trails give families the opportunity to spend quality time together and enjoy the natural beauty of our state.” The Recreational Trails Program provides partial reimbursement for approved trail projects. Eligible projects include construction of new public trails, rehabilitation of existing public trails, development of trail -related facilities and educational programs that relate to recreational trails. The application deadline is Friday, April 11, 2014. RTP funds come to the state through the Federal Highway Administration and are apportioned to states by Congress to fund both motorized and non-motorized public recreation trail projects. The amount of funds available is based upon the number of recreational vehicles licensed in each state. Application packets are available online at the Game, Fish and Parks website. For more information, contact Janice Gravning or Seth Hyberger. 5 What a Community Should Do recreation, they conclude that recreation projects do not make money, and they cost too much money. It is true that quality of life items probably do not generate cash flow in the same ways that other community functions do. However, if people avoid moving to your community because it lacks the things that other communities typically have, you are losing revenue from property taxes, sales tax, and also from additional kids in your school system. After recently assisting a City Council with the adoption of a Comprehensive Plan, an interesting comment was made by a citizen in attendance at the meeting. The response was “now we can sit back and watch it happen.” If only that were true! A Comprehensive Plan is primarily a land use plan, granted it is the first and most critical step in any community’s development. What and where a community wants development is probably the most critical aspect of economic development. However, the Comprehensive Plan is typically a 20-year strategy. A day-to-day commitment will assist in good land use development but it probably will not be the spark that ignites development in a community. What does spark development in a community is “action.” Action doesn’t need to be a formal strategic planning document or process, but it should involve the basics of strategic planning with benchmarks and ownership. Each community should evaluate its needs and wants and then formulate goals that have objectives/steps and assign responsibility for what, when and who. Below are three ideas or goals that every community could start with. The third goal is to prioritize the needs of the community. Most communities do not undertake a Capital Improvement Planning (CIP) process because it sounds complicated. In reality, a CIP is simply a planning activity that prioritizes what a community needs to spend its money on in the next three to five years. This document is meant to be a flexible document that will change from year-to-year as the community’s priorities change. Adopting a community’s annual budget is not the same as a well thought out CIP plan. The goal for all communities should not be just increased population, it should be the ability to set goals and achieve them. Overcoming issues and capitalizing on opportunities is critical whatever population a community is at now or in the future. Not all communities grow or grow as fast as they would like, but what makes a community grow is proactively planning for it to happen. A community needs to commit the resources to make the existing strengths of the community better. Every successful community has invested in itself and continues to do so, and the reward is increased private sector investment. If you have any questions about planning documents or their implementation, please contact Toby The first goal is to clean-up the community. Typically, Brown at 367-5390. every community has a nuisance type ordinance and if it does not, it probably needs one. While it is a useful tool to repeatedly keep order with a small group of residents who feel that collecting stuff in their front yards is a hobby, it should also be used to reinvigorate properties that have become either dilapidated or abandoned. If properties exist that are not being utilized, it is not only a detriment to the community, but is also a loss of opportunity. A dilapidated structure can be either rehabilitated or removed and replaced with a structure that provides an opportunity for new homeowners or renters. Not to mention a clean community will sell itself! The second goal is to invest in recreation projects. More often than not, when a community talks about parks and 6 Lynne Keller Forbes Appointed to FHLB Des Moines Advisory Council Funding Available for Housing Opportunities Lynne Keller Forbes, Executive Director, of the South Eastern Council of Government (SECOG) and the South Eastern Development Foundation (SEDF), was recently appointed to the Federal Home Loan Bank of Des Moines Advisory Council (Council). Her three-year term began on January 1, 2014. PIERRE, S.D. – South Dakota Housing Development Authority (SDHDA) is inviting developers to submit applications for funding from the HOME Investment Partnerships program, Housing Tax Credit program and the Housing Opportunity Fund. The HOME program, funded by the U.S. Department of Housing and Urban Development, provides funds to developers and/or owners for acquisition, new construction and rehabilitation of affordable housing. South Dakota Housing Development Authority has $3.8 million available for affordable single and multifamily housing opportunities statewide. Ms. Forbes has 13 years of affordable housing, economic development and regional planning experience. Serving as the executive director at SECOG since 2001, Ms. Forbes provides housing and economic development assistance to communities in southeastern South Dakota. In addition, she oversaw the creation of SEDF in January of 2002 and has expanded the mission of the organization to include the promotion of affordable housing. The Internal Revenue Code of 1986 established the Housing Tax Credit Program as an incentive for construction, rehabilitation and acquisition/rehabilitation of housing for low-income households. Developers of housing tax credit projects typically raise equity capital for their projects by syndicating tax credits to investors. SDHDA, as the credit-issuing agency, has $2.8 million available this year. The FHLB Des Moines Board of Directors appoints an Advisory Council that advises them of affordable housing and economic development needs throughout a five-state district of Iowa, Missouri, North Dakota, South Dakota and Minnesota. Advisory Council members are selected for their knowledge and experience serving housing and economic development agendas. The Council helps the Bank create programs and targets for its Community Investment activities. The Housing Opportunity Fund promotes economic development by expanding the supply of affordable housing targeted to low- and moderate-income families. The Housing Opportunity Fund may be used for new construction, the purchase and rehabilitation of rental or homeownership housing, housing preservation, homelessness prevention activities and community land trusts. SDHDA, as the administering agency, anticipates having $2.25 million available for allocation. The Federal Home Loan Bank of Des Moines is a wholesale cooperative bank that provides low-cost short and long-term funding and community lending to nearly 1,200 members, including commercial banks, saving institutions, credit unions and insurance companies. The Bank is wholly owned by its members and receives no taxpayer funding. The Des Moines Bank serves Iowa, Minnesota, Missouri, North Dakota and South Dakota and is one of twelve regional Banks that make up the Federal Home Loan Bank System. The HOME Program, Housing Tax Credit and Housing Opportunity Fund allocation plans and application forms can be found on SDHDA's website at www.sdhda.org. Complete applications must be received at SDHDA on Friday, Feb. 28 at 5 p.m. Central Time. Call Janice Gravning or Seth Hyberger with your Housing Opportunity Fund questions. 7 Dakota BUSINESS Finance and SEDF Approve Additional Loans United Tent & Convention Financing Source: South Eastern Development Foundation Purpose: Purchase business & new equipment Community: Tea Participating Lender: Plains Commerce Bank Triple Play Storage & Campground Financing Source: South Eastern Development Foundation Purpose: Construct storage facility Community: Canistota Ride Empowered Financing Source: South Eastern Development Foundation Purpose: Leasehold improvements & purchase inventory Community: Sioux Falls Renew Energy Financing Source: Dakota BUSINESS Finance Purpose: Purchase Building Community: Sioux Falls Participating Lender: Great Western Bank Shear Attitude 8 Jensen Insurance & Real Estate Mark Jensen Brad Bak Zach Jensen Brad Antonson Beresford, South Dakota 57004 605-763-2675 ~ 800-658-3539 9 10 SECOG STAFF 500 N. Western Ave., Suite 100 SECOG Calendar BWNR January 10 Sioux Falls, SD 57104 DBF Board Meeting January 15 Phone: (605) 367-5390 SEDF Board Meeting January 15 FAX: (605) 367-5394 CAC January 15 TAC & UDC January 16 Lynne Keller Forbes, Executive Director E-Mail: [email protected] DBF Board Meeting February 20 SEDF Board Meeting February 20 Toby Brown, Planner II E-Mail: [email protected] DBF Board Meeting March 19 SEDF Board Meeting March 19 Jessica Evans, Senior Loan Officer E-Mail: [email protected] CAC Board Meeting March 19 TAC & UDC Meeting March 20 BWNR March 27 www.secog.org Betty Gates, Office Supervisor E-Mail: [email protected] Amber Gibson, Planner II E-Mail: [email protected] Janice Gravning, Planner E-Mail: [email protected] Alli Heyd, Closing Officer E-Mail: [email protected] BWNR-Board of Water & Natural Resources CAC-Citizens Advisory Committee DBF-Dakota BUSINESS Finance DOT-Department of Transportation SECOG-South Eastern Council of Governments SEDF-South Eastern Development Foundation TAC-Technical Advisory Committee UDC-Urbanized Development Commission Seth Hyberger, Planner E-Mail: [email protected] Daniel Park, Servicing Analyst Email: [email protected] Jim Sampson, GIS Intern E-Mail: [email protected] Trisha Viss, Credit Analyst E-Mail: [email protected] *******************************************
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