Agenda - Council Work Session - 06/25/2019

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Cost/timeline of Study The University of Minnesota provided the following options for completing the study: Course matches: Standard RCP match with 1-2 courses or individual students doing a directed study for credit in fall 2019 and/or spring 2020. We think this may be a somewhat difficult project to match with a course, so there would be no guarantee of success (though you would pay nothing unless we succeed in finding an appropriate match). We might have better luck finding 1-2 individual students willing to do the project as an independent study.Cost: $5,000. Resilient Communities Fellow Team: This would be modeled on the Economic Development Fellows (EDF) program that worked with Patrick Brama on the business incubator project during our RCP partnership. One graduate student would be recruited and paid to lead a team of other *volunteer* graduate students to work on the project for no credit in the fall of 2019. Sarah Tschida or I would meet with the team lead weekly to ensure the project stays on track. Although we could more or less guarantee a match if we can recruit a team of interested students, all of the students besides the paid team lead would be working on the project for experience only, so they would have less invested in the project than students enrolled in a course and earning a grade for credit. Cost: $6,500 Graduate Research Assistant: The best guarantee of a match with a suitable student is to advertise this as a research position for the fall, and hire a graduate student to complete the project for pay. We would post the position internally at the U of MN on a student employment website, help you to set up interviews with applicants that you are interested in considering for the position, and then hire (through the U of MN) the student you ultimately select. You or another staff person would need to directly supervise the student, though they would not need to work onsite in Ramsey (unless you want them to or the project necessitates this). CURA has other programs that operate on this model quite successfully, but both the cost and the time commitment involved in supervising the work are greater than with the other options. Cost: $9,000. Attached are the following documents: • Summary of revenue generated against project costs • Project costs summary • Total revenue generated using rates of $5-$8 • $6 Franchise Fee vs Property Tax • Special Assessments Possible Reimbursement • Elk River Rebate Payback schedule Timeframe: Funding Source: N/A Responsible Party(ies): Kurt Ulrich Outcome: Action based upon discussion. Possible outcomes include the need for additional research, consensus to bring specific action to the Council for consideration, or to bring back to a future Council work session. Attachments FF Revenue