grow johnston!...leading portfolio of products and services… seeds & digital solutions crop...
TRANSCRIPT
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GROW JOHNSTON!
MARCH 29, 2018 – ANNUAL ECONOMIC DEVELOPMENT FORUM
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AGENDA
Welcome
Phil Dunshee – JEDCO
City of Johnston Project Update
Jim Sanders, Johnston City Administrator
Adam Plagge, Development Director
Guest Speakers
Mike Ralston, ABI
Bart Baudler, Corteva Agriscience™, Agriculture Division of DowDuPont™
Networking Reception
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JEDCO MEMBERS 2018
City of Johnston
DuPont Pioneer
MidAmerican Energy Company
John Deere Financial
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JEDCO MEMBERS 2018
CBRE | Hubbell Realty Company
Charter Bank
Denny Elwell Companies
First National Bank
Foth Infrastructure
Grinnell State Bank
Knapp Properties
Ryan Companies US, Inc.
Veridian Credit Union
Vision Bank
Community State Bank
West Park Owners Association
JLL – Des Moines
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JEDCO MEMBERS 2018
ABACI Consulting Inc.
Bank Iowa
Casey’s General Stores, Inc.
HR Green
Iowa Bankers Association
McClure Engineering Corporation
MetaBank
NAI Optimum
R&R Realty Group
SEH Inc.
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JEDCO MEMBERS 2018
Clark Properties
DLL Finance
Hurd Realty
ITS Inc.
Kimball – Porter Investments
Lithia Motors, Inc.
United Contractors
The Hansen Company
Simpson Enterprises, Inc.
Developers Realty Group
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Business Retention and Expansion
• Collaborative meetings including representatives from
the City of Johnston, Greater Des Moines Partnership,
IEDA and MidAmerican Energy.
• Kicked off 2018 with several meetings with JEDCO
members
• Several more already on the calendar or currently being
scheduled.
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• 2017 Tour Guide
• Great tool for sharing available
properties in Johnston.
• Take a copy for your office!
2018 Development Guide
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Johnston CO-OP 2018 Campaign
Business Record and NW Business Journal
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Annual Development Tour - October 11, 2018
• Short tour of
community
• Networking Reception
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Public – Private Partnership
City Focus
• Primary point of contact for
City of Johnston development
programs.
• Manage Financial Assistance
programs including Tax
Increment Financing.
• Coordinate Business
Retention and Expansion
activities.
JEDCO Focus
• Advocate for progressive
development in Johnston.
• Market the properties and
products of JEDCO members.
• Provide confidential
consultation and assistance on
business development
products in Johnston.
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Contact Us!
Phil Dunshee
515-564-6547 - Office
515-491-8939 – Mobile
515-309-0144 – Fax
Kati Ross
515-564-6547 - Office
515-309-0144 – Fax
Adam Plagge
Economic Development Manager
City of Johnston
6221 Merle Hay Road – P.O. Box
410
Johnston, IA 50131
515-343-7424 Cell
515-727-7774 Office
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Johnston City Council
Rhonda Martin
Elected 2017
Jim Evans
Elected 2017
2018 Council
Mayor - Paula Dierenfeld
Council Member - Matt Brown
Council Member - Tom Cope
Council Member - John Temple
Council Member - Jim Evans
Council Member - Rhonda Martin
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2018-2019 Property Taxes
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City Property Tax Uses
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Capital ImprovementStreet and Trail
2018-2019 Projects:
• Greenwood Hills Park Improvements
• Master Plan Lew Clarkson Park
• Dewey Park Improvements
• Ray Schleihs Playground Installation
2017 Completion of Terra Park
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2018-2019 Projects:
• Continuation of NW Beaver Dr. overlay and trail construction
• Continuation of public improvements east of Merle Hay Road
• Engineering of overlay for NW 54th
Ave. 86th-100th
• Trail construction from NW 48th St. to NW Beaver Dr.
• Water Trail development along Beaver Creek
• NW 70th Ave Reconstruction Phase II 86th to Peckham
Merle Hay Road
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Commercial & Industrial Valuation
$2
4,3
45
,74
7
$2
0,5
32
,67
3
$6
,57
1,7
22
$2
0,8
81
,99
9
$4
,54
2,3
09
$1
0,5
25
,71
7
$1
6,5
13
,34
5
$3
,27
2,2
00
$5
4,6
39
,99
8
$4
,47
5,0
00
$1
,39
9,5
20
$5
6,7
44
,90
5
$2
0,9
15
,54
7$
47
,29
9,3
34
$1
4,6
38
,50
0
$3
6,5
82
,98
4
$5
,08
3,8
05
$2
7,8
81
,70
4
$0
$5,000,000
$10,000,000
$15,000,000
$20,000,000
$25,000,000
$30,000,000
$35,000,000
$40,000,000
$45,000,000
$50,000,000
$55,000,000
$60,000,000
20
00
20
01
20
02
20
03
20
04
20
05
20
06
20
07
20
08
20
09
20
10
20
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20
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20
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Commercial Projects
2017-2018 Projects:
• Beaver Ave. Area✓ Amega Garage Door, Elite Glass, NW Beaver Buildings, GT Holdings, ACCO
Expansion (Proposed)
• 86th St. Area✓ UI Health Clinic, Rainbow Rascals, Dance Vision, AKC Expansion
• 70th Ave. Area✓ Wesley Life skilled nursing facility
• 100th St. Area✓ As We Grow Daycare, Traditions Children's Center, West Office Park
(Proposed)
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Residential Growth
90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17
Multi-family 60 0 0 0 144 0 0 0 0 0 0 32 152 204 0 0 96 52 0 85 36 16 275 109 98 395 75 118
Townhome 2 9 5 13 6 0 17 2 77 93 78 98 30 90 65 100 79 16 22 38 24 27 14 23 42 45 18 14
Single Family 24 46 60 65 96 141 167 174 186 252 130 206 226 253 324 269 190 130 78 98 130 139 113 101 86 124 105 68
0
50
100
150
200
250
300
350
400
450
500
550
600
Nu
mb
er o
f P
erm
its/
Un
its
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Residential Lots & Permits
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
New Lots Created 425 132 295 292 354 269 209 116 45 5 2 9 80 81 146 100 77 155
Permits Issued 130 206 226 253 324 269 190 130 78 98 130 139 113 101 86 124 105 68
0
50
100
150
200
250
300
350
400
450
Num
ber
of
Lots
/Perm
its
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New Residential Sub-divisions
• Adam Ridge Townhomes✓ 42 townhome lots
• Silkwood Point (2018 Under Review)✓ 39 single family lots
• Enclave Plat 4 (2018 Under Review)✓ 14 single family lots
• Hyperion Woods (2018 Under Review)✓ 9 single family lots
• Brio of Johnston✓ 36 Assisted living, 36 nursing, 50
independent living
• Bricktowne✓ 408 multi-family residential units
• Vintage Cooperative✓ 47 multiple-family senior residential units
• Crosshaven Plat 8✓ 4 single family lots
• Crosshaven Townhomes Plat 1✓ 18 bi-attached and 23 detached
townhome lots
• Hidden Valley Estates Plat 2✓ 25 single family lots
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Northern Annexation
537 acres of private
property petitioned for
annexation
Petitions received by
Council and recommended
for approval by P&Z
Planning underway for
infrastructure
improvements to service
properties
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Future Service Area
1,400 developable acres
identified for serviceable
annexation
Comprehensive Plan update
anticipated in 2018-2019;
guide future land use
DOT & Polk County
considering Highway 141traffic
flow improvement options
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Johnston Town Center
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Core Themes
• Community center
• Restaurant/small retail/professional services ground floor uses
• Office/condos/apartments upper floor uses
• Connectivity to trails and pedestrian accessibility
• Public amenities – splash pad, sculptures, artwork, greenspace, concert venue, city hall
• Farmers Market, green space & Master Gardeners greenhouses
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Surrounding Development
Recent Improvements
Apartment Projects• Cadence
• 62W
• Bricktowne
• Cornerstone Commons
Residential Sub-division• Silkwood Point
Government Projects• Public Safety Building
• Middle School
Commercial Development• Fareway
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Phase I Development
22,500 sq. ft.
lease purchase
City Hall
18,000+ sq. ft.
restaurant/retail
Estimated $1 million in
Public Improvements
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Property Acquisitions
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Development Timeline
• RFQ/RFP Spring 2018
• Property demolition Summer 2018
• City Hall & public improvements 2019-2020
• Phase I commercial construction 2019-2020
• MHR and 62nd intersection improvements 2020-2021
• Trailhead construction 2020-2022
• Additional commercial construction timing contingent on market conditions
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Merle Hay Road Gateway
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Economic Development Guide
• 2018 production
• Available to Johnston businesses for new employee orientation packets
• Distributed across metro
• Highlights quality of life, local businesses and new projects
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Encode 360 Software
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City of Johnston TIF Incentive Policy
Programs:• Basic Tax Increment
Financing (TIF) Program
• Expanded TIF Policy
• Proposed Targeted Area
Policy
Incentives:• Rebates
• Forgivable loans
• Infrastructure assistance
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Proposed TIF Policy Changes
• Designation of two targeted redevelopment areas
– Gateway & Town Center
– Expanded TIF incentives
– 2 Year Duration
• Change in verbiage to account for legislative changes
• TIF application simplification
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Merle Hay Road Gateway
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Current Expanded TIF Policy
Estimated Taxable Value
of the Property Once
Improvements Are
Constructed $1,100,000.00 (Building Value) Per Jenson
Taxable Value of the
Property Prior to
Development $100,000.00 (Land + Building) 2016 Per Assessor
Less Commercial Property
Tax Roll Back90.0000% 2016 Per DOR (Single family Roll-back)
Current Year Consolidated
Tax Rate 41.5 2016 Per Polk County
Estimated Taxable Value of
the Property Once
Improvements are
Constructed
Taxable Value of the
Property Prior to
Development
Incremental Value of the
Property After
Development
$1,100,000.00 $100,000.00 $1,000,000.00
Estimated Incremental Value
of the Property After
Development
Less Commercial Property
Tax Roll BackEstimated Taxable Value 80% of New Taxes
Total 5 Year
Value
$1,000,000.00 90.0000% $900,000.00 $29,880.00 $149,400.00
City of Johnston
Tax Increment Financing
Incentive Calculation
Input
Variables
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Estimated Taxable Value
of the Property Once
Improvements Are
Constructed $1,100,000.00 (Building Value)
Taxable Value of the
Property Prior to
Development$100,000.00 (Land + Building) 2016
Less Commercial Property
Tax Roll Back90.0000% 2016
Current Year TIF Tax Rate 31.26588 2016
Estimated Taxable Value of
the Property Once
Improvements are
Constructed
Taxable Value of the
Property Prior to
Development
Incremental Value of the
Property After
Development
$1,100,000.00 $100,000.00 $1,000,000.00
Estimated Incremental Value
of the Property After
Development
Less Multi-Family Property
Tax Roll BackEstimated Taxable Value
100% of TIF
Increment
Total 5 Year
Value
$1,000,000.00 90.0000% $900,000.00 $28,139.29 $140,696.46
City of Johnston
Tax Increment Financing
Incentive Calculation
Input
Variables
Proposed Expanded TIF Policy
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Proposed Targeted TIF Area Policy
Estimated Taxable Value
of the Property Once
Improvements Are
Constructed $1,100,000.00 (Building Value)
Taxable Value of the
Property Prior to
Development$100,000.00 (Land + Building) 2016
Less Commercial Property
Tax Roll Back90.0000% 2016
Current Year TIF Tax Rate 31.26588 2016
Estimated Taxable Value of
the Property Once
Improvements are
Constructed
Taxable Value of the
Property Prior to
Development
Incremental Value of the
Property After
Development
$1,100,000.00 $100,000.00 $1,000,000.00
Estimated Incremental Value
of the Property After
Development
Less Multi-Family Property
Tax Roll BackEstimated Taxable Value
75% of TIF
Increment
Total 10 Year
Value
$1,000,000.00 90.0000% $900,000.00 $21,104.47 $211,044.69
City of Johnston
Tax Increment Financing
Incentive Calculation
Input
Variables
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Questions
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GUEST SPEAKERS
Michael Ralston
President of the
Iowa Association of
Business and Industry
Bart Baudler
Commercial Unit Lead
North & West United States
Corteva Agriscience™,
Agriculture Division of DowDuPont™
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Agriculture Division of DowDuPont™ Internal & ExternalAgriculture Division of DowDuPont™
Corteva AgriscienceTM
Agriculture Division of DowDuPontTM
Bart Baudler, Commercial Unit Lead
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Agriculture Division of DowDuPont™ Insert sensitivity risk
Bringing Together Two Complementary Portfolios to Create World-Class Independent Companies
46
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Agriculture Division of DowDuPont™ Internal & ExternalAgriculture Division of DowDuPont™
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Agriculture Division of DowDuPont™ Internal & ExternalAgriculture Division of DowDuPont™
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Agriculture Division of DowDuPont™ Internal & ExternalAgriculture Division of DowDuPont™
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Agriculture Division of DowDuPont™ Internal & ExternalAgriculture Division of DowDuPont™
“Cor-” suggests “core” or “heart” of the earth
“Teva” is an ancient word which means “nature”
Pronounced: kohr-'teh-vah
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Agriculture Division of DowDuPont™ Internal & ExternalAgriculture Division of DowDuPont™
Expectations for a future agriculture industry leader
Global IntegratedA Technology
Company
An Innovator A PartnerA Global
Citizen
A Relationship
Business
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Agriculture Division of DowDuPont™ Internal & ExternalAgriculture Division of DowDuPont™
To enrich the lives of
those who produce and
those who consume,
ensuring progress for
generations to come.
Our Purpose
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Agriculture Division of DowDuPont™ Internal & ExternalAgriculture Division of DowDuPont™
ENRICH LIVES
STAND TALL
BE CURIOUS
BUILD TOGETHER
BE UPSTANDING
Five values support
our purpose
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Agriculture Division of DowDuPont™ Confidential
By the Numbers
seeds
crop protection
$14Bin sales*
people strong
22,000countries
130+ crops
10+active ingredients
65+
EMEA~20%
Asia Pacific
~10%North America
~50%
Latin America
~20%
* Excludes revenue associated with remedies
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Agriculture Division of DowDuPont™ Insert sensitivity risk
Comprehensive, Balanced and Diverse Seeds & Crop Protection Business with Global Commercial Scope
56
LEADING PORTFOLIO OF PRODUCTS AND SERVICES…
Seeds & Digital Solutions Crop Protection Solutions
• Cereals Herbicides
• Corn and Soybean Herbicides
• Fungicides
• Insecticides
• Pasture and Land Management
• Rice, Trees and Vines Herbicides
• Seed-Applied Technologies
• Specialty Crop Herbicides
• Structural Pest Management
• Turf and Ornamental Pest Management
Alfalfa
Canola
Cereals
Corn
Cotton
Rice
Silage inoculants
Sorghum
Soybeans
Sunflowers
Wheat
Digital Ag
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Agriculture Division of DowDuPont™ Insert sensitivity risk
North America Commercial Leadership Team
57
VP NA Region
Judd O’Connor
US Market-ing
Leader
US National Accounts
Leader
Canada CU Leader
Multi-Channel Brands Leader
US – CU Leader
Western Cornbelt
US – CU Leader
South and Specialty
US – CU LeaderEastern
Cornbelt
US - CU Leader
North & West
Nate
Miller
Steve
RenoBart
Baudler
Bryce
Eger
Brian
BarkerJim Hay
Todd
Frazier
Ben
Kaehler
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Agriculture Division of DowDuPont™ Insert sensitivity risk
North America Commercial Structure
58
Western Corn Belt
North & West
Eastern Corn Belt
South & Specialty Business
Canada
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Agriculture Division of DowDuPontTM
www.corteva.com
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CONTACT US
Phil Dunshee
515-564-6547 - Office
515-491-8939 – Mobile
515-309-0144 – Fax
8711 Windsor Parkway, Suite 2
Johnston, IA 50131
Kati Ross
515-564-6547 - Office
515-309-0144 – Fax
Adam Plagge
Economic Development Manager
City of Johnston
6221 Merle Hay Road – P.O. Box
410
Johnston, IA 50131
515-343-7424 - Mobile
515-727-7774 - Office
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Thank
You!