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Board of Directors Meeting
wyomingbusiness.org . twitter.com/wyobizcouncil . facebook.com/wyobizcouncil
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.
A-9Minutes - December 2016
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.
Minutes - December 2016A-10
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.
A-11Minutes - December 2016
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.
Minutes - December 2016A-12
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.
A-13Minutes - December 2016
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$
A-25Tax Exemption Reports - December 2016
Wyoming Business Council Regional Project Assessment System (RPAS)Railroad rolling stock 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:
* 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.
Year Workforce Average
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
Output from Employment
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$
Tax Exemption Reports - December 2016A-26
• 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 real property taxes
Local personal property taxes
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
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)$
A-27Tax Exemption Reports - December 2016
Wyoming Business Council Regional Project Assessment System (RPAS)Data center 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 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.
Year Workforce Average
Wage
2010-12 15 51,798.00$ 2013 116 53,956.00$ 2014 106 56,158.00$ 2015 144 56,820.00$
Total
Output from Employment
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
Tax Exemption Reports - December 2016A-28
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 real property taxes
Local personal property taxes
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
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
B-5Community Grant and Loan Committee - December 2016
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
B-7Community Grant and Loan Committee - December 2016
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
B-9Community Grant and Loan Committee - December 2016
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.
Community Grant and Loan Committee - December 2016B-10
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%
Community Development Block
Grant Program
B-11Community Grant and Loan Committee - December 2016
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.
Project Goals and Benefits
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.
Community Grant and Loan Committee - December 2016B-12
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 Recommendation
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 Infrastructure
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)
Community Development Block
Grant Program
B-13Community Grant and Loan Committee - December 2016
DEAVER POTABLE WATER DISTRIBUTION SYSTEM AND FIRE HYDRANT/FIRE FLOW $489,000 CDBG Public Infrastructure Grant
Staff Recommendation: Fund
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.
Project Goals and Benefits
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
Community Grant and Loan Committee - December 2016B-14
Staff Recommendation
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
Community Development Block
Grant Program
B-15Community Grant and Loan Committee - December 2016
ROCK SPRINGS BUNNING PARK REHABILITATION PROJECT $500,000 Elimination of Slum and Blight Grant
Staff Recommendation: Fund
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.
Project Goals and Benefits
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.
Community Grant and Loan Committee - December 2016B-16
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 Recommendation
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
Project Infrastructure
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$
Community Development Block
Grant Program
B-17Community Grant and Loan Committee - December 2016
RAWLINS ADAPTIVE REUSE OF THE HISTORIC GUARDS’ QUARTERS $500,000 Elimination of Slum and Blight Grant
Staff Recommendation: Fund
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.
Community Grant and Loan Committee - December 2016B-18
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 Recommendation
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 $500,000 Elmination of Slum and Blight grant to renovate the hisoric Guards Quarters. The renovation will provide public restrooms as well as office space that will be leased by the Carbon County Visitors Council.
Project Budget Projected Grant Expenditure ScheduleMatch Total
-$ 100,968$ 916,032$
Notes
B-19Community Grant and Loan Committee - December 2016
Community Development Block
Grant Program
B-21Community Grant and Loan Committee - December 2016
EVANSVILLE SIDEWALK INSTALLATION $356,000 Public Infrastructure Grant
Staff Recommendation: Fund
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 $95,753 cash match. Cost estimates for this project were prepared by Worthington, Lenhardt, Carpenter, a certified engineering firm.
Staff Recommendation
Staff recommends funding the Evansville Public
CDBG amount 356,000$ 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
Community Grant and Loan Committee - December 2016B-22
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.
Project Budget Projected Grant Expenditure ScheduleMatch Total
15,545$ 436,208$ 451,753$
Measure NotesProject Infrastructure
Sidewalk Installation
Community Development Block
Grant Program
B-23Community Grant and Loan Committee - December 2016
WASHAKIE COUNTY LIBRARY TEN SLEEP BRANCH EXPANSION $136,117 Community Facility Grant
Staff Recommendation: Fund
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.
Project Goals and Benefits
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%.
Community Grant and Loan Committee - December 2016B-24
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.
Project Budget Projected Grant Expenditure ScheduleMatch Total
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
B-27Community Grant and Loan Committee - December 2016
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$
Business Ready Community Grant and Loan Program
B-29Community Grant and Loan Committee - December 2016
LARAMIE $3,000,000 Business Committed Grant
HIVIZ Shooting Systems Expansion
Staff Recommendation: Fund
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
Community Grant and Loan Committee - December 2016B-30
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
B-31Community Grant and Loan Committee - December 2016
Staff Recommendation
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 $3,000,000 for the construction of a 20,000 square-foot building for HiViz, a Laramie based fire arm accessory manufacturer.
Project Budget Projected Grant Expenditure ScheduleMatch Total
361,904$ 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
Project Infrastructure
Land AcresNew Building Construction Square Feet
Business Ready Community Grant and Loan Program
B-33Community Grant and Loan Committee - December 2016
LARAMIE $3,000,000 Community Readiness Grant
Empress Lot Redevelopment
Staff Recommendation: Fund
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.
Project Goals and Benefits
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%.
Lease and Revenue Recapture
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
B-35Community Grant and Loan Committee - December 2016
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 Recommendation
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
$3,873,423INTERNALRATE OF RETURN 2.68%
City of Laramie
PUBLIC INVESTMENT STATE OFWYOMING
YEARS1-2
YEARS3-10
YEAR10
PUBLICRETURNS:
Community Grant and Loan Committee - December 2016B-36
Purpose
Description BRCCash In-Kind
Land -$ -$ 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
Project Infrastructure
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 $3,000,000 to redevelop the Empress Lot, a blighted property in the city’s downtown district on 2nd Street.
Project Budget Projected Grant Expenditure ScheduleMatch Total
76,032$ 350,000$
2,731,863$
Notes
Project Overview
Business Ready Community Grant and Loan Program
B-37Community Grant and Loan Committee - December 2016
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%).
Project Goals and Benefits
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:
Community Grant and Loan Committee - December 2016B-38
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
B-39Community Grant and Loan Committee - December 2016
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 Recommendation
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 $1,250,000 to purchase the Glencoe Junction facility to create an industrial park with rail access.
Project Budget Projected Grant Expenditure ScheduleMatch Total
4,250,000$ Cash (BRC Loan)
1,250,000$
Project Infrastructure
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
Community Grant and Loan Committee - December 2016B-40
Business Ready Community Grant and Loan Program
B-41Community Grant and Loan Committee - December 2016
OLD PEN JOINT POWERS BOARD (JPB) $500,000 Community Enhancement Grant
Adaptive Reuse of Historic Guards Quarters
Staff Recommendation: Fund
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.
Community Grant and Loan Committee - December 2016B-42
Project Goals and Benefits
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.
Lease and Revenue Recapture
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
B-43Community Grant and Loan Committee - December 2016
Staff Recommendation
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 $500,000 Community Enhancement grant to renovate the historic Guards
Project Budget Projected Grant Expenditure ScheduleMatch Total
-$ 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
Wyoming Business Council | Board of Directors MeetingDecember 8-9, 2016 | Cheyenne, Wyoming
3333C-3Personnel, Budget, and Audit Committee - December 2016
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
5555C-5Personnel, Budget, and Audit Committee - December 2016
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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7777C-7Personnel, Budget, and Audit Committee - December 2016
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9999C-9Personnel, Budget, and Audit Committee - December 2016
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Busin
ess R
esou
rce
Net
wor
k co
ntra
cts.
• T o
tal a
mou
nt sp
ent i
n th
e cu
rren
t fisc
al y
ear a
gain
st e
ncum
bran
ces f
rom
pre
viou
s bie
nniu
ms i
s $7.
4 m
illio
n (s
ee N
ote
2).
Com
mu
nit
y D
evel
opm
ent R
econ
cili
atio
n•
Tota
l Com
mun
ity D
evel
opm
ent a
vaila
ble
fund
s per
the
Fina
ncia
l Sta
tem
ents
as o
f 9/3
0/16
are
$27
,371
,241
.54
after
taki
ng in
to
acco
unt r
econ
cilin
g am
ount
s, th
e fu
nds a
vaila
ble
for B
RC p
roje
cts i
s $34
,471
,427
incl
udin
g th
e FY
18 p
rogr
am a
lloca
tion.
En
cum
bra
nce
s•
$10.
88 m
illio
n en
cum
bere
d in
cur
rent
fisc
al y
ear,
prim
arily
for B
RC a
nd C
DBG
proj
ects
.
• $4
6.27
mill
ion
r em
ains
enc
umbe
red
in p
revi
ous b
ienn
ium
s, p
rimar
ily fo
r BRC
and
CDB
G pr
ojec
ts.
10101010Personnel, Budget, and Audit Committee - December 2016C-10
Cas
h B
alan
ces
• Ec
onom
ic D
evel
opm
ent f
und
has $
2.24
mill
ion
in c
ash
after
obl
igati
ons;
yea
r-to-
date
rece
ipts
tota
l $10
0,89
1.08
w
hich
is c
ompr
ised
of p
rinci
pal a
nd in
tere
st p
aym
ents
rece
ived
on
loan
s and
inve
stm
ent i
ncom
e ea
rned
thro
ugh
the
Stat
e Tr
easu
rer’s
offi
ce o
n th
e ca
sh in
the
fund
.
Loa
ns
Rec
eiva
ble
• To
tal l
oans
out
stan
ding
net
of a
llow
ance
s, a
re $
13.5
8 m
illio
n as
of 9
/30/
16; t
otal
prin
cipa
l and
inte
rest
rece
ived
sinc
e 7/
1/20
16 is
$27
,184
.
Du
es a
nd
Mem
ber
ship
s•
Tota
l pai
d ye
ar-to
-dat
e fo
r due
s and
mem
bers
hips
is $
4,97
0 vs
. $25
,194
for t
he p
revi
ous y
ear.
11111111C-11Personnel, Budget, and Audit Committee - December 2016
Com
para
tive
Yea
r to
Dat
e E
xpen
ditu
res -
Una
udite
d
BU
DG
ET
ED
EXPE
ND
ED
ENC
UM
BER
EDB
ALA
NC
E%
BU
DG
ET
ED
EXPE
ND
ED
ENC
UM
BER
EDB
ALA
NC
E%
PRO
GR
AM
EX
PEN
DIT
UR
E S
UM
MA
RY
Bus
ines
s Dev
elop
men
tN
ote
36,
423,
836.
38$
369,
510.
23$
11
9,68
9.64
$
5,93
4,63
6.51
$
7.
62%
7,69
0,20
3.57
$
88
3,68
3.10
$
564,
689.
07$
6,
241,
831.
40$
18.8
3%
Reg
iona
l Offi
ces
1,04
3,06
1.00
$
22
2,91
0.00
$
13,4
70.0
0$
806,
681.
00$
22
.66%
1,13
3,79
4.00
$
27
2,44
2.34
$
11,6
45.0
0$
849,
706.
66$
25
.06%
C
omm
unity
Dev
elop
men
tN
ote
335
,530
,962
.61
$
20
7,64
1.07
$
7,95
2,08
0.00
$
27
,371
,241
.54
$
22
.97%
93,6
34,9
75.2
5$
5,26
2,51
3.02
$
33
,593
,949
.84
$
54
,778
,512
.39
$
41
.50%
E
xecu
tive
& B
oard
of D
irect
ors
382,
504.
00$
79
,340
.58
$
-
$
30
3,16
3.42
$
20.7
4%42
8,87
4.46
$
90,0
49.1
7$
20.0
0$
338,
805.
29$
21
.00%
P
erfo
rman
ce &
Pla
nnin
g3,
126,
515.
00$
122,
412.
71$
2,
678,
960.
00$
325,
142.
29$
89
.60%
3,50
1,21
9.71
$
42
7,88
1.55
$
1,52
5,36
5.53
$
1,
547,
972.
63$
55.7
9%
Com
mun
icat
ions
& M
arke
ting
460,
956.
00$
84
,727
.60
$
24
,892
.00
$
35
1,33
6.40
$
23.7
8%49
4,58
1.11
$
88,8
62.4
4$
32,0
33.0
0$
373,
685.
67$
24
.44%
H
uman
Res
ourc
es22
4,95
1.00
$
43,6
82.0
8$
-$
181,
268.
92$
19
.42%
261,
770.
00$
43
,887
.34
$
3,
000.
00$
21
4,88
2.66
$
17.9
1%
Fin
ance
& A
dmin
istra
tion
1,12
4,63
5.66
$
23
1,71
9.13
$
93,9
19.0
0$
798,
997.
53$
28
.95%
1,36
0,23
7.90
$
32
1,66
7.01
$
135,
337.
28$
90
3,23
3.61
$
33.6
0%
TOTA
L 48
,317
,421
.65
$
1,
361,
943.
40$
10,8
83,0
10.6
4$
36,0
72,4
67.6
1$
25.3
4%10
8,50
5,65
6.00
$
7,39
0,98
5.97
$
35
,866
,039
.72
$
65
,248
,630
.31
$
39
.87%
LIN
E IT
EM
EX
PEN
DIT
UR
E S
UM
MA
RY
Per
sona
l ser
vice
s10
0.00
4,78
7,29
3.14
$
97
7,42
8.97
$
-$
3,80
9,86
4.17
$
20
.42%
4,81
6,45
7.32
$
1,
159,
001.
09$
-$
3,65
7,45
6.23
$
24
.06%
Sup
port
serv
ices
200.
001,
145,
604.
59$
160,
991.
02$
93
,849
.00
$
89
0,76
4.57
$
22.2
5%1,
672,
154.
95$
320,
434.
09$
10
0,41
6.12
$
1,25
1,30
4.74
$
25
.17%
Cen
tral d
ata
serv
ices
400.
0067
,495
.83
$
8,
730.
71$
-
$
58
,765
.12
$
12
.94%
114,
126.
99$
17
,467
.97
$
-
$
96
,659
.02
$
15
.31%
Gra
nts
600.
0033
,675
,333
.23
$
24
,089
.00
$
7,
807,
373.
92$
25,8
43,8
70.3
1$
23.2
6%91
,578
,939
.16
$
4,
984,
303.
29$
32,7
32,2
56.2
4$
53,8
62,3
79.6
3$
41.1
8% N
on-o
pera
ting
expe
nses
800.
004,
257,
281.
25$
116,
282.
81$
-
$
4,
140,
998.
44$
2.73
%4,
634,
017.
15$
72.6
4$
546,
057.
00$
4,
087,
887.
51$
11.7
9% P
rofe
ssio
nal s
ervi
ces
900.
004,
384,
413.
61$
74,4
20.8
9$
2,98
1,78
7.72
$
1,
328,
205.
00$
69.7
1%5,
689,
960.
43$
909,
716.
89$
2,
487,
310.
36$
2,29
2,93
3.18
$
59
.70%
TOTA
L 48
,317
,421
.65
$
1,
361,
943.
40$
10,8
83,0
10.6
4$
36,0
72,4
67.6
1$
25.3
4%10
8,50
5,65
6.00
$
7,39
0,99
5.97
$
35
,866
,039
.72
$
65
,248
,620
.31
$
39
.87%
EX
PEN
DIT
UR
ES
BY
FU
ND
ING
SO
UR
CE
Gen
eral
Fun
ds39
,672
,779
.01
$
1,
149,
158.
23$
10,0
51,1
84.2
6$
28,4
72,4
36.5
2$
28.2
3%97
,669
,925
.96
$
7,
160,
405.
31$
33,0
78,8
95.8
2$
57,4
30,6
24.8
3$
41.2
0%O
ther
Fun
ds16
5,17
9.00
$
1,74
6.76
$
-$
163,
432.
24$
1.
06%
225,
984.
00$
46
,654
.69
$
-
$
17
9,32
9.31
$
20.6
5%Fe
dera
l Fun
ds3,
657,
550.
20$
85,3
25.3
2$
768,
122.
00$
2,
804,
102.
88$
23.3
3%6,
292,
275.
04$
127,
785.
07$
2,
571,
642.
67$
3,59
2,84
7.30
$
42
.90%
Age
ncy
Fund
s4,
821,
913.
44$
125,
713.
09$
63
,704
.38
$
4,
632,
495.
97$
3.93
%4,
317,
471.
00$
56,1
50.9
0$
215,
501.
23$
4,
045,
818.
87$
6.29
%
TOTA
L 48
,317
,421
.65
$
1,
361,
943.
40$
10,8
83,0
10.6
4$
36,0
72,4
67.6
1$
25.3
4%10
8,50
5,65
6.00
$
7,39
0,99
5.97
$
35
,866
,039
.72
$
65
,248
,620
.31
$
39
.87%
Not
e 1
- Cur
rent
fisc
al y
ear o
f 201
7 is
the
first
year
of t
he 2
017/
18 b
ienn
ium
whi
ch e
nds J
une
30, 2
018.
Not
e 2
- Cur
rent
yea
r exp
endi
ture
s aga
inst
prio
r bie
nniu
m e
ncum
bran
ces a
re n
ot
F
or c
ompa
rativ
e pu
rpos
es, f
ollo
win
g is
the
tota
l app
ropr
iatio
n fo
r the
WB
C, e
xclu
ding
tour
ism, f
or th
ese
bien
nium
s:
incl
uded
in th
e FY
17 a
mou
nts.
The
tota
l am
ount
of F
Y17
exp
endi
ture
s mad
e20
17/1
868
,255
,740
.00
$
out o
f prio
r bie
nniu
m e
ncum
bran
ces i
s $7,
413,
911
and
is co
mpr
ised
of th
e20
15/1
692
,202
,246
.00
$
follo
win
g:20
13/1
483
,838
,005
.00
$
20
11/1
287
,093
,216
.00
$
In
vestm
ent R
eady
Com
mun
ities
(BR
C/C
FP/C
DB
G)
6,58
8,14
3$
2009
/10
119,
594,
084.
00$
O
ther
825,
768
$
2007
/08
141,
827,
683.
00$
20
05/0
667
,583
,125
.00
$
7,
413,
911
$
20
03/0
420
,855
,289
.00
$
20
01/0
211
,277
,264
.00
$
N
ote
3 - C
urre
nt fi
scal
yea
r-to-
date
am
ount
s ref
lect
reor
gani
zatio
n an
d bu
dget
1999
/00
11,5
64,9
98.0
0$
recl
assif
icat
ions
. Pr
evio
us fi
scal
yea
r-to-
date
am
ount
s hav
e be
en re
state
d fo
rco
mpa
rison
pur
pose
s.
WY
OM
ING
BU
SIN
ESS
CO
UN
CIL
Cur
rent
fisc
al y
ear
to d
ate:
7/1
/201
6 - 9
/30/
16Pr
evio
us fi
scal
yea
r to
dat
e: 7
/1/2
015
- 9/3
0/15
12121212Personnel, Budget, and Audit Committee - December 2016C-12
$369
,510
.23
$222
,910
.00
$207
,641
.07
$79,
340.
58
$122
,412
.71
$84,
727.
60
$43,
682.
08
$231
,719
.13
$-
$50
,000
$10
0,00
0
$15
0,00
0
$20
0,00
0
$25
0,00
0
$30
0,00
0
$35
0,00
0
$40
0,00
0
Expe
nditu
res b
y Pr
ogra
m
13131313C-13Personnel, Budget, and Audit Committee - December 2016
$1,1
49,1
58.2
3
$1,7
46.7
6 $8
5,32
5.32
$1
25,7
13.0
9
$-
$50
0,00
0
$1,
000,
000
$1,
500,
000
Gene
ral F
unds
Othe
r Fun
dsFe
dera
l Fun
dsAg
ency
Fun
ds
Expe
nditu
res b
y Fu
ndin
g So
urce
14141414Personnel, Budget, and Audit Committee - December 2016C-14
WYO
MIN
G B
USI
NES
S C
OU
NC
ILC
omm
unity
Dev
elop
men
t (C
D) R
econ
cilia
tion
Sept
embe
r 30,
201
6 - U
naud
ited
Tota
l CD
ava
ilabl
e fu
nds
per F
inan
cial
Sta
tem
ents
9/3
0/16
27,3
71,2
41.5
4$
Red
uce
CD
ava
ilabl
e fu
nds
for n
on-B
RC
am
ount
s:C
omm
unity
Dev
elop
men
t Adm
inis
tratio
n(5
50,1
07.0
4)$
Com
mun
ity D
evel
opm
ent B
lock
Gra
nt P
rogr
am(2
,247
,411
.19)
$
Mai
n St
reet
Pro
gram
(258
,618
.21)
$
St
ate
Ener
gy P
rogr
am(5
56,6
91.6
9)$
23
,758
,413
.41
$
Add:
BR
C e
ncum
bran
ce d
eobl
igat
ions
afte
r 9/3
0/16
30,0
27.0
0$
Ad
d:
BRC
FY1
8 al
loca
tion
19,2
94,0
25.0
0$
Ad
d:
CFP
uno
blig
ated
fund
s to
be
trans
ferre
d to
BR
C1,
563.
00$
Less
: BR
C lo
an re
paym
ents
bud
gete
d an
d no
t rec
eive
d as
of 9
/30/
16(1
2,33
0.66
)$
Le
ss:
BRC
aw
ards
app
rove
d bu
t not
enc
umbe
red
as o
f 9/3
0/16
(8,6
01,2
39.0
0)$
Le
ss:
Varia
nce
968.
25$
Bala
nce
per B
RC
Ava
ilabl
e Fu
nds
Sum
mar
y 34
,471
,427
.00
$
15151515C-15Personnel, Budget, and Audit Committee - December 2016
WYO
MIN
G B
USI
NES
S C
OU
NC
ILLi
st o
f Enc
umbr
ance
sSe
ptem
ber 3
0, 2
016
- Una
udite
dTo
tal
Prio
r Bie
nniu
m o
r Exp
ired
Vend
or N
ame
Div
isio
nEn
d D
ate
Encu
mbr
ance
Cur
rent
BFY
Prio
r BFY
Des
crip
tion
Encu
mbr
ance
Sta
tus
Civ
ic R
esou
rce
Gro
up L
LCAd
min
istra
tion
30-J
un-1
790
,855
$
24
,000
$
9,92
9$
M
aint
enan
ce a
nd s
uppo
rt of
WBC
web
site
Gre
en H
ouse
Dat
a In
c.Ad
min
istra
tion
31-O
ct-1
63,
568
$
892
$
-$
W
BC w
ebsi
te h
ostin
gEd
ifice
Lex
Par
tner
ship
Adm
inis
tratio
n31
-Dec
-16
1,35
0$
67
5$
-
$
Offi
ce L
ease
Klee
n Sw
eep
Jani
toria
l Inc
.Ad
min
istra
tion
30-J
un-1
721
,144
$
17
,620
$
-$
Ja
nito
rial s
ervi
ces
Land
Inve
stm
ent
Adm
inis
tratio
n30
-Jun
-17
113,
436
$
75
,624
$
-$
O
ffice
Lea
seM
cGee
, Hea
rne,
Pai
z, L
LCAd
min
istra
tion
31-D
ec-1
636
,400
$
-
$
28,3
00$
Audi
t Ser
vice
sTr
avel
Sto
ry G
PS L
LCAd
min
istra
tion
Vario
us24
,500
$
-
$
12,2
50$
Cos
t sha
re c
omm
uniti
es to
cre
ate
a su
ite o
f tou
rs to
dra
w v
isito
rs to
Mai
n St
reet
End
of y
ear e
ncum
bran
ces
Adm
inis
tratio
nVa
rious
5,94
5$
-
$
4,94
5$
W
omen
's C
ounc
il fo
r Wom
en's
Issu
es29
7,19
8$
118,
811
$
55,4
24$
Farm
ers
Mar
ket G
rant
sBu
sine
ss D
evel
opm
ent
Vario
us7,
400
$
-$
7,
000
$
Vario
usM
arke
e Es
crow
Ser
vice
s In
c.Bu
sine
ss D
evel
opm
ent
30-J
un-1
740
,000
$
38
,704
$
-$
Lo
an s
ervi
cing
and
repo
rting
Mid
wes
t Bee
f Pro
duce
rsBu
sine
ss D
evel
opm
ent
30-J
un-1
741
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gra
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ownt
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t: L
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gra
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n G
arre
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gra
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t30
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-21
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gra
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ent
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t30
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636
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2,25
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gra
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640
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rant
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unity
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t30
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-16
25,0
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25
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105
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rant
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ting
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Mai
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llianc
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unity
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t30
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-17
22,5
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Gra
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Trea
sure
rC
omm
unity
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men
t30
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-19
1,40
1,45
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244,
578
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gra
nt:
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58,0
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DBG
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men
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1,50
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gra
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unity
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men
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per M
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12,
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075
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92
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ent
30-J
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92,
949,
425
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8,
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gra
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unity
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men
t30
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-21
1,53
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4$
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538,
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-
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gra
nt:
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sion
pro
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Tow
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men
t21
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-16
38,8
00$
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rant
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138
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rant
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unity
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men
t1-
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140
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rant
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110
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rant
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tsTo
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unity
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men
t30
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-19
500,
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101,
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gra
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plex
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30-J
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142
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238,
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rant
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men
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rant
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gra
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gra
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gra
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gra
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vert
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gra
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men
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gra
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rant
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rant
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nt:
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tric
Subs
tatio
n ex
pans
ion
Tow
n of
Mills
Com
mun
ity D
evel
opm
ent
22-A
ug-1
646
2,28
0$
-$
73
,242
$
C
DBG
gra
nt: W
ater
sto
rage
tank
and
wat
er m
ain
upgr
ade
To b
e cl
osed
out
Tow
n of
Mills
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mun
ity D
evel
opm
ent
1-Ju
l-21
394,
992
$
-
$
394,
992
$
CD
BG g
rant
: W
ater
wel
l rep
lace
men
t and
Wes
t Bel
t Loo
p w
ater
sys
tem
Tow
n of
Mills
Com
mun
ity D
evel
opm
ent
30-S
ep-1
715
,000
$
-
$
4,22
2$
C
DBG
gra
nt:
Riv
er fr
ont p
rope
rty fe
asib
ility
stud
yTo
wn
of M
eete
etse
Com
mun
ity D
evel
opm
ent
1-D
ec-2
131
,515
$
31
,515
$
-$
C
DBG
gra
nt:
War
ren
Stre
et s
idew
alk
com
mun
ity d
evel
opm
ent
Tow
n of
Pin
e Bl
uffs
Com
mun
ity D
evel
opm
ent
30-J
un-2
012
3,93
5$
-$
8,
090
$
BRC
gra
nt:
Pine
Blu
ffs V
eter
an's
Mem
oria
lTo
wn
of P
ine
Bluf
fsC
omm
unity
Dev
elop
men
t30
-Nov
-16
50,0
00$
50,0
00$
BRC
gra
nt:
Nor
th W
ells
land
use
mas
ter p
lan
Tow
n of
Pin
edal
eC
omm
unity
Dev
elop
men
t30
-Jun
-17
7,50
0$
7,
500
$
-
$
Mai
n St
reet
gra
nt:
Tech
nica
l ass
ista
nce
Tow
n of
Sar
atog
aC
omm
unity
Dev
elop
men
t31
-Dec
-15
49,5
00$
-$
12
,994
$
C
DBG
gra
nt:
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toga
mas
ter p
lan
To b
e cl
osed
out
Tow
n of
Sin
clai
rC
omm
unity
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elop
men
t30
-Jun
-17
25,0
00$
25,0
00$
-
$
BRC
gra
nt:
Parc
o Th
eate
r pla
nnin
g gr
ant
Tow
n of
Sup
erio
rC
omm
unity
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elop
men
t30
-Jun
-21
500,
000
$
-
$
500,
000
$
BRC
gra
nt:
Supe
rior E
vent
s C
ente
rTo
wn
of T
hayn
eC
omm
unity
Dev
elop
men
t30
-Nov
-16
46,8
75$
-$
7,
500
$
BRC
gra
nt:
Hig
h Te
ch R
egio
nal t
arge
ted
indu
stry
stu
dyTo
wn
of T
hayn
eC
omm
unity
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elop
men
t30
-Jun
-20
1,14
1,08
6$
-
$
121,
346
$
BRC
gra
nt:
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ne B
usin
ess
Rea
dy L
ots
Tow
n of
Upt
own
Com
mun
ity D
evel
opm
ent
30-J
un-2
138
6,04
7$
-$
38
6,04
7$
BR
C g
rant
: C
ity P
ark
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stru
ctur
e R
enov
atio
nTo
wn
of W
heat
land
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mun
ity D
evel
opm
ent
30-N
ov-1
650
,000
$
-
$
1,56
0$
BR
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rant
: 16
th S
treet
reco
nstru
ctio
n pl
anTo
wn
of W
heat
land
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mun
ity D
evel
opm
ent
31-D
ec-1
64,
500
$
-$
4,
500
$
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n St
reet
gra
nt:
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nica
l ass
ista
nce
Tow
n of
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htC
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unity
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elop
men
t30
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-21
190,
000
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-
$
190,
000
$
BRC
gra
nt:
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h C
ampb
ell C
ount
y AG
Com
plex
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vers
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f Wyo
min
gC
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unity
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elop
men
t30
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-16
25,4
34$
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34$
-
$
SEP
gran
t: W
ind
Stud
y C
ente
r for
ene
rgy
econ
omic
and
pub
lic p
olic
yW
areh
ouse
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ket I
nc.
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mun
ity D
evel
opm
ent
31-D
ec-1
65,
000
$
5,00
0$
-$
SE
P gr
ant:
Lev
el 2
ene
rgy
audi
t and
retro
fits
End
of y
ear e
ncum
bran
ces
Com
mun
ity D
evel
opm
ent
Vario
us4,
750
$
-$
3,
860
$
Tele
com
mun
icat
ions
, Cen
tral M
ail,
Mot
or V
ehic
les,
Cop
iers
, Wor
kers
' Com
p., e
tc.
83,4
33,4
00$
7,95
2,08
0$
45,8
01,7
84$
Wyo
min
g Bu
sine
ss A
llianc
ePe
rform
ance
& P
lann
ing
30-J
un-1
744
,000
$
-
$
38,0
00$
Tour
23
Initi
ativ
eW
yom
ing
Wom
en's
Bus
ines
s C
ente
rPe
rform
ance
& P
lann
ing
30-S
ep-1
634
8,27
2$
154,
136
$
11,6
81$
Assi
st s
mal
l bus
ines
s an
d en
trepr
eneu
rsEn
d of
yea
r enc
umbr
ance
sPe
rform
ance
& P
lann
ing
Vario
us-
$
-$
-
$
Tele
com
mun
icat
ions
, Cen
tral M
ail,
Mot
or V
ehic
les,
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iers
, Wor
kers
' Com
p., e
tc.
392,
272
$
15
4,13
6$
49
,681
$
Edifi
ce L
ex P
artn
ersh
ipR
egio
nal O
ffice
s31
-Dec
-16
1,35
0$
67
5$
-
$
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ce le
ase
Linc
oln
Cou
nty
Trea
sure
rR
egio
nal O
ffice
s30
-Jun
-17
3,60
0$
2,
700
$
-
$
Offi
ce le
ase
Roy
L. M
arke
gard
Reg
iona
l Offi
ces
30-J
un-1
73,
600
$
2,40
0$
-$
O
ffice
leas
eU
nive
rsity
of W
yom
ing
Reg
iona
l Offi
ces
30-J
un-1
73,
960
$
2,97
0$
-$
O
ffice
leas
eW
ells
Far
go B
ank
of N
orth
wes
tR
egio
nal O
ffice
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-17
6,30
0$
4,
725
$
-
$
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ce le
ase
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of y
ear e
ncum
bran
ces
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iona
l Offi
ces
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us-
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-$
-
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com
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icat
ions
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tral M
ail,
Mot
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ehic
les,
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iers
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kers
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p., e
tc.
18,8
10$
13,4
70$
-
$
88
,515
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$
10
,883
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$
46,2
68,2
31$
18181818Personnel, Budget, and Audit Committee - December 2016C-18
Bus
ines
sPe
ttyEc
onom
icR
ural
Rea
dyC
ash
Dev
elop
men
tW
BC
Reh
abili
tatio
nC
omm
uniti
es(N
ote
1)(N
ote
2)
Cas
h ba
lanc
e be
fore
obl
igat
ions
250.
00$
19,3
97,0
80.5
3$
268,
847.
97$
4,54
1,60
6.14
$
80,9
07.4
0$
Obl
igat
ed fu
nds:
Und
istri
bute
d W
IDC
cha
lleng
e lo
an L
OC
-$
(1,1
00,0
00.0
0)$
-
$
-
$
-
$
E
ncum
bere
d fu
nds*
*-
$
(3
8,70
4.38
)$
-$
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(25,
954.
00)
$
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
hol,
Atla
s C
arbo
n, C
ody
Labs
)-
$
(1
6,00
0,00
0.00
)$
-$
-$
-$
Uno
blig
ated
201
7/20
18 b
ienn
ium
bud
get
-$
(20,
000.
00)
$
(2
2,91
2.75
)$
(35,
804.
13)
$
(5
4,95
3.40
)$
Tota
l obl
igat
ed fu
nds
-$
(17,
158,
704.
38)
$
(2
2,91
2.75
)$
(35,
804.
13)
$
(8
0,90
7.40
)$
Cas
h ba
lanc
e25
0.00
$
2,
238,
376.
15$
24
5,93
5.22
$
4,
505,
802.
01$
-
$
Year
-to-d
ate
rece
ipts
-$
100,
891.
08$
5,12
7.85
$
17,4
51.0
4$
-
$
Not
e 1
- Am
endm
ent I
V, C
halle
nge
and
Brid
ge lo
ans
Not
e 2
- Fun
ds m
ust b
e sp
ent a
ccor
ding
to th
e te
rms
of a
n ag
reem
ent w
ith th
e U
S Fa
rmer
s H
ome
Adm
inis
tratio
n
Dia
mon
dSt
rippe
rEx
xon
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rock
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ls
Cas
h ba
lanc
e be
fore
obl
igat
ions
3,20
9,29
7.83
$
39,3
76.9
2$
1,
100,
213.
21$
Obl
igat
ed fu
nds:
Enc
umbe
red
fund
s**
(142
,950
.74)
$
-
$
(7
1,99
7.40
)$
Acc
ount
s pa
yabl
e &
othe
r lia
bilit
ies,
and
def
erre
d re
venu
e-
$
-
$
-
$
U
nspe
nt S
tate
Ene
rgy
Plan
(4
55,0
00.0
0)$
-$
(5,5
08.2
0)$
To
tal o
blig
ated
fund
s(5
97,9
50.7
4)$
-$
(77,
505.
60)
$
Cas
h ba
lanc
e2,
611,
347.
09$
39
,376
.92
$
1,02
2,70
7.61
$
Year
-to-d
ate
rece
ipts
12,3
90.1
2$
15
1.31
$
4,
228.
39$
** d
oes
not i
nclu
de c
ontra
cts
that
hav
e no
t bee
n fu
lly e
xecu
ted
( i.e
. - a
ll si
gnat
ures
obt
aine
d)
Wyo
min
g B
usin
ess
Cou
ncil
Fund
s
Gov
erno
r's O
ffice
Fun
ds -
Petr
oleu
m V
iola
tion
Escr
ows
-- a
s of
09/
30/2
016
WYO
MIN
G B
USI
NES
S C
OU
NC
ILSt
atem
ent o
f Cas
h B
alan
ces
Sept
embe
r 30,
201
6 - U
naud
ited
19191919C-19Personnel, Budget, and Audit Committee - December 2016
Prin
cipa
l Bal
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
ts7/
1/20
16Ec
onom
ic D
isas
ter l
oans
(see
Not
es 1
and
2)
Be
et g
row
ers
(see
atta
ched
det
ail)
181,
604
$
19
,068
$
-$
162,
535
$
-
$
-
$
18
1,60
4$
181,
604
$
19
,068
$
-$
162,
535
$
-
$
-
$
18
1,60
4$
Cha
lleng
e lo
ans
Asc
ent 2
000
(see
Not
e 1)
12/1
9/06
20,2
07$
20
,207
$
-$
0$
720
$
137
$
100%
rese
rve
agai
nst l
oan
bala
nce
20,9
27$
20,2
07$
20
,207
$
-$
0$
720
$
137
$
20,9
27$
Brid
ge lo
ans
(see
Not
e 1)
Che
yenn
e Fa
mily
YM
CA
7/28
/16
115,
398
$
-
$
-
$
11
5,39
8$
694
$
68$
11
6,09
2$
Cow
boy
Inn
8/22
/13
154,
564
$
-
$
-
$
15
4,56
4$
5,68
1$
1,35
4$
160,
245
$
G
lute
n Fr
ee O
ats
12/2
/09
106,
876
$
-
$
-
$
10
6,87
6$
2,85
2$
1,14
2$
109,
728
$
L
& L
Ven
ture
s LL
C7/
23/1
389
,859
$
-$
-$
89,8
59$
86
9$
67
6$
90
,729
$
T
riphy
to, L
LC6/
12/0
630
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$
-$
-$
30,5
66$
89
6$
23
7$
31
,462
$
49
7,26
2$
-$
-$
497,
262
$
10
,992
$
3,47
7$
508,
255
$
M
ains
tree
t loa
ns (s
ee N
ote
1) 6
5Cof
feen
LLC
1/27
/10
9,98
9$
-$
-$
9,98
9$
784
$
75$
10
,773
$
G
rimsh
aw In
vest
men
ts L
LC4/
20/1
031
,889
$
-$
-$
31,8
89$
1,
998
$
27
2$
33
,887
$
41
,878
$
-$
-$
41,8
78$
2,
782
$
34
7$
44
,660
$
A
men
dmen
t IV
loan
s (s
ee N
ote
1) T
enup
ah, L
LC5/
12/9
534
4,91
1$
200,
000
$
-
$
14
4,91
1$
8,12
7$
602
$
353,
038
$
34
4,91
1$
200,
000
$
-
$
14
4,91
1$
8,12
7$
602
$
353,
038
$
Nat
ural
Gas
Infr
astr
uctu
re lo
ans
(see
Not
e 4)
Sta
r Val
ley
Nat
ural
Gas
LLC
9/22
/14
245,
241
$
-
$
-
$
24
5,24
1$
-$
-$
242,
480
$
24
5,24
1$
-$
-$
245,
241
$
-
$
-
$
24
2,48
0$
BR
C lo
ans
(see
Not
e 2)
Cam
pbel
l Cou
nty-
Inte
rtech
land
and
pro
perty
4/14
/16
259,
392
$
-
$
-
$
25
9,39
2$
-$
-$
259,
392
$
C
ity o
f Che
yenn
e (S
wan
Ran
ch)
4/9/
152,
453,
943
$
-$
-$
2,45
3,94
3$
-
$
-
$
2,
453,
943
$
City
of G
illette
-So.
Indu
stria
l Add
ition
6/27
/16
2,46
5,71
6$
-
$
-
$
2,
465,
716
$
-$
-$
2,04
0,79
8$
C
ity o
f Lan
der
10/2
3/14
119,
555
$
-
$
-
$
11
9,55
5$
-$
-$
119,
555
$
C
ity o
f Lar
amie
- H
IVIZ
Cor
pora
tion
6/25
/15
494,
951
$
-
$
-
$
49
4,95
1$
-$
-$
494,
951
$
C
ity o
f Lar
amie
- U
L La
bs6/
14/1
627
7,88
8$
-$
-$
277,
888
$
-
$
-
$
27
7,88
8$
Gos
hen
Car
e C
ente
r JPB
-Gos
hen
Car
e C
tr.8/
18/1
624
7,12
3$
-$
-$
247,
123
$
-
$
-
$
-
$
J
acks
on H
ole
Airp
ort B
oard
-11/
7/10
617,
961
$
-
$
-
$
61
7,96
1$
-$
-$
617,
961
$
J
acks
on H
ole
Airp
ort B
oard
-25/
11/1
52,
706,
751
$
-$
-$
2,70
6,75
1$
-
$
-
$
2,
706,
751
$
Tet
on C
ount
y12
/6/1
078
2,82
7$
-$
-$
782,
827
$
-
$
-
$
78
2,82
7$
Tow
n of
Jac
kson
- Sn
ow K
ing
Mou
ntai
n3/
31/1
595
7,44
8$
-$
-$
957,
448
$
-
$
-
$
95
7,44
8$
11,3
83,5
54$
-
$
-
$
11
,383
,554
$
-$
-$
10,7
11,5
13$
AR
RA
SEP
loan
s (s
ee N
ote
3) T
own
of B
asin
5/8/
1275
,672
$
-$
-$
75,6
72$
-
$
-
$
75
,672
$
L
ower
Val
ley
Ener
gy6/
27/1
21,
135,
578
$
-$
-$
1,13
5,57
8$
-
$
-
$
1,
135,
578
$
1,21
1,25
1$
-
$
-
$
1,
211,
251
$
-$
-$
1,21
1,25
1$
Una
lloca
ted
allo
wan
ce-
$
10
7,49
2$
-$
(107
,492
)$
1$
va
rianc
e
Tota
l13
,925
,909
$
346,
767
$
-
$
13
,579
,141
$
22,6
21$
4,
563
$
13
,273
,729
$
Not
e 1
- doe
s no
t inc
lude
pym
ts re
ceiv
ed b
y M
arke
e (lo
an s
ervi
ce p
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
20202020Personnel, Budget, and Audit Committee - December 2016C-20
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
Ran
ch4/
25/0
72,
446
$
-
$
-
$
2,
446
$
-
$
-
$
Berth
od, M
icha
el4/
27/0
72,
552
$
-
$
-
$
2,
552
$
-
$
-
$
Big
Hor
n La
nd/L
ives
tock
4/26
/07
1,16
7$
-$
-$
1,16
7$
-$
-$
C
hris
tens
en, D
enni
s4/
27/0
73,
469
$
-
$
-
$
3,
469
$
-
$
-
$
Chr
iste
nsen
, Ken
t8/
3/07
2,53
7$
-$
-$
2,53
7$
-$
-$
C
raft,
Llo
yd4/
26/0
72,
572
$
-
$
-
$
2,
572
$
-
$
-
$
Del
los
Farm
s4/
26/0
73,
958
$
-
$
-
$
3,
958
$
-
$
-
$
Edw
ards
Ran
ch4/
25/0
77,
244
$
-
$
-
$
7,
244
$
-
$
-
$
Euge
ne M
iller &
Son
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
s4/
26/0
72,
851
$
-
$
-
$
2,
851
$
-
$
-
$
Jord
an F
arm
s4/
26/0
77,
317
$
-
$
-
$
7,
317
$
-
$
-
$
Kelle
r Far
ms
4/26
/07
5,25
4$
-$
-$
5,25
4$
-$
-$
Ke
ller,
Kevi
n4/
25/0
76,
667
$
-
$
-
$
6,
667
$
-
$
-
$
Mad
den,
Dan
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$
-$
-$
O
ndo,
Mik
e4/
26/0
72,
913
$
-
$
-
$
2,
913
$
-
$
-
$
Pinc
e, D
anie
l4/
27/0
79,
818
$
-
$
-
$
9,
818
$
-
$
-
$
Sage
Cre
ek L
and
& C
attle
Co.
4/25
/07
7,77
0$
-$
-$
7,77
0$
-$
-$
Sa
ge C
reek
Lan
d &
Cat
tle P
artn
ersh
ip4/
25/0
76,
653
$
-
$
-
$
6,
653
$
-
$
-
$
Sout
h Fl
at L
and
& Li
vest
ock
4/26
/07
17,1
00$
-
$
-
$
17
,100
$
-$
-$
TD
Far
ms
4/26
/07
12,3
12$
-
$
-
$
12
,312
$
-$
-$
Ta
ylor
, Dus
tin4/
27/0
74,
055
$
-
$
-
$
4,
055
$
-
$
-
$
Wild
man
, How
ard
4/25
/07
8,36
3$
-$
-$
8,36
3$
-$
-$
W
eber
& S
ons
4/25
/07
4,81
9$
-$
-$
4,81
9$
-$
-$
W
eber
Ag
4/26
/07
15,7
82$
-
$
-
$
15
,782
$
-$
-$
W
elie
ver,
Jear
ld4/
27/0
77,
208
$
-
$
-
$
7,
208
$
-
$
-
$
Al
low
ance
aga
inst
loan
poo
l (no
n-sp
ecifi
c lo
ans)
-$
19,0
68$
-
$
(1
9,06
8)$
Tota
l Bee
t Gro
wer
loan
s18
1,60
4$
19,0
68$
-
$
16
2,53
5$
-$
-$
WYO
MIN
G B
USI
NES
S C
OU
NC
ILLo
ans
Rec
eiva
ble
- Eco
nom
ic D
isas
ter L
oans
Det
ail -
Una
udite
dC
ash
Rec
eipt
s Si
nce
7/1/
16B
alan
ces
as o
f Sep
tem
ber 3
0, 2
016
21212121C-21Personnel, Budget, and Audit Committee - December 2016
Cur
rent
Prev
ious
Year
toYe
arVe
ndor
Nam
eD
ivis
ion
Dat
eTo
tals
Gov
ernm
ent F
inan
ce O
ffice
r Ass
ocia
tion
Adm
inis
tratio
n-
$
320
$
Inte
rnat
iona
l Eco
nom
ic D
evel
opm
ent C
ounc
ilAd
min
istra
tion
-$
17
5$
M
ount
ain
Stat
es E
mpl
oyer
s C
ounc
il In
c.Ad
min
istra
tion
-$
5,
200
$
N
atio
nal A
ssoc
iatio
n of
Com
mis
sion
s fo
r Wom
en-W
CW
IAd
min
istra
tion
150
$
-$
So
ciet
y fo
r Hum
an R
esou
rce
Man
agem
ent O
rgan
izat
ion
Adm
inis
tratio
n-
$
609
$
Wyo
min
g As
soci
atio
n of
Mun
icip
aliti
esAd
min
istra
tion
-$
35
0$
W
yom
ing
Asso
ciat
ion
of N
on P
rofit
Org
aniz
atio
nsAd
min
istra
tion
-$
30
0$
W
yom
ing
Econ
omic
Dev
elop
men
t Ass
ocia
tion
Adm
inis
tratio
n-
$
545
$
Wyo
min
g Ta
xpay
ers
Asso
ciat
ion
Adm
inis
tratio
n-
$
195
$
Wyo
min
g Pr
ess
Asso
ciat
ion
Adm
inis
tratio
n-
$
100
$
150
$
7,79
4$
Cat
tleFa
xBu
sine
ss D
evel
opm
ent
-$
40
0$
C
heye
nne
Rot
ary
Clu
bBu
sine
ss D
evel
opm
ent
200
$
-$
N
atio
nal A
ssoc
iatio
n of
Rur
al R
ehab
ilitat
ion
Cor
pora
tions
Busi
ness
Dev
elop
men
t-
$
150
$
Nat
iona
l Cat
tlem
en's
Bee
f Ass
ocia
tion
Busi
ness
Dev
elop
men
t-
$
150
$
Sam
son
LLC
(pre
viou
sly
Ag In
fo L
ink)
Busi
ness
Dev
elop
men
t-
$
2,00
0$
Stoc
kgro
wer
s As
soci
atio
nBu
sine
ss D
evel
opm
ent
-$
12
0$
W
este
rn U
.S. A
gric
ultu
ral T
rade
Ass
ocia
tion
Busi
ness
Dev
elop
men
t1,
030
$
-
$
Wyo
min
g C
rop
Impr
ovem
ent A
ssoc
iatio
nBu
sine
ss D
evel
opm
ent
-$
10
$
W
yom
ing
Econ
omic
Dev
elop
men
t Ass
ocia
tion
Busi
ness
Dev
elop
men
t-
$
85$
Amer
ican
Win
d En
ergy
Ass
ocia
tion
Busi
ness
Dev
elop
men
t-
$
500
$
Cou
ncil
of D
evel
opm
ent F
inan
ce A
genc
ies
Inc.
Busi
ness
Dev
elop
men
t-
$
750
$
Indu
stria
l Ass
et M
anag
emen
t Cou
ncil
Busi
ness
Dev
elop
men
t-
$
1,49
5$
Inte
rnat
iona
l Eco
nom
ic D
evel
opm
ent C
ounc
ilBu
sine
ss D
evel
opm
ent
-$
1,
360
$
M
id-A
mer
ica
Econ
omic
Dev
elop
men
t Cou
ncil
Busi
ness
Dev
elop
men
t-
$
150
$
Nat
iona
l Sho
otin
g Sp
orts
Fou
ndat
ion
Inc.
Busi
ness
Dev
elop
men
t-
$
200
$
Wyo
min
g Ba
nker
s As
soci
atio
nBu
sine
ss D
evel
opm
ent
-$
30
0$
W
yom
ing
Econ
omic
Dev
elop
men
t Ass
ocia
tion
Busi
ness
Dev
elop
men
t-
$
255
$
Wyo
min
g Fa
rmer
's M
arke
t Ass
ocia
tion
Busi
ness
Dev
elop
men
t50
$
-
$
1,28
0$
7,92
5$
Cou
ncil
of S
tate
Com
mun
ity D
evel
opm
ent A
genc
ies
Com
mun
ity D
evel
opm
ent
-$
1,
500
$
En
ergy
Ser
vice
s C
oalit
ion
Com
mun
ity D
evel
opm
ent
-$
14
0$
In
tern
atio
nal E
cono
mic
Dev
elop
men
t Cou
ncil
Com
mun
ity D
evel
opm
ent
-$
35
0$
Le
ader
ship
Wyo
min
gC
omm
unity
Dev
elop
men
t-
$
30$
Nat
iona
l Ass
ocia
tion
of S
tate
Ene
rgy
Offi
cial
sC
omm
unity
Dev
elop
men
t3,
540
$
-
$
Nat
iona
l Mai
n St
reet
Cen
ter I
nc.
Com
mun
ity D
evel
opm
ent
-$
4,
450
$
N
atio
nal T
rust
for H
isto
ric P
rese
rvat
ion
Com
mun
ity D
evel
opm
ent
-$
19
5$
W
yom
ing
Asso
ciat
ion
of H
ousi
ng a
nd R
edev
elop
men
tC
omm
unity
Dev
elop
men
t-
$
75$
Wyo
min
g Ec
onom
ic D
evel
opm
ent A
ssoc
iatio
nC
omm
unity
Dev
elop
men
t-
$
425
$
3,54
0$
7,16
5$
Cas
per A
rea
Cha
mbe
r of C
omm
erce
Reg
iona
l Offi
ces
-$
30
0$
C
ody
Cou
nty
Cha
mbe
r of C
omm
erce
Reg
iona
l Offi
ces
-$
15
0$
D
ougl
as A
rea
Cha
mbe
r of C
omm
erce
Reg
iona
l Offi
ces
-$
10
0$
G
oshe
n C
ount
y Ec
onom
ic D
evel
opm
ent
Reg
iona
l Offi
ces
-$
20
0$
Lo
vell
Area
Cha
mbe
r of C
omm
erce
Reg
iona
l Offi
ces
-$
65
$
M
eete
etse
Vis
itor C
ente
r/Cha
mbe
r of C
omm
erce
Reg
iona
l Offi
ces
-$
30
$
Po
wel
l Val
ley
Cha
mbe
r of C
omm
erce
Reg
iona
l Offi
ces
-$
15
0$
Pl
atte
Cou
nty
Econ
omic
Dev
elop
men
t Cor
pora
tion
Reg
iona
l Offi
ces
-$
20
0$
Th
erm
opol
is-H
ot S
prin
gs C
ham
ber o
f Com
mer
ceR
egio
nal O
ffice
s-
$
195
$
Was
haki
e D
evel
opm
ent A
ssoc
iatio
nR
egio
nal O
ffice
s-
$
100
$
Wor
land
-Ten
Sle
ep C
ham
ber o
f Com
mer
ceR
egio
nal O
ffice
s-
$
225
$
Wyo
min
g Ec
onom
ic D
evel
opm
ent A
ssoc
iatio
nR
egio
nal O
ffice
s-
$
595
$
-$
2,
310
$
Tota
l4,
970
$
25
,194
$
WYO
MIN
G B
USI
NES
S C
OU
NC
ILFY
2017
Due
s an
d M
embe
rshi
ps E
xpen
ditu
res
Thre
e m
onth
s en
ded
Sept
embe
r 30,
201
6 - U
naud
ited
22222222Personnel, Budget, and Audit Committee - December 2016C-22
Cur
rent
Prev
ious
Year
toYe
arVe
ndor
Nam
eD
ivis
ion
Dat
eTo
tals
Gov
ernm
ent F
inan
ce O
ffice
r Ass
ocia
tion
Adm
inis
tratio
n-
$
320
$
Inte
rnat
iona
l Eco
nom
ic D
evel
opm
ent C
ounc
ilAd
min
istra
tion
-$
17
5$
M
ount
ain
Stat
es E
mpl
oyer
s C
ounc
il In
c.Ad
min
istra
tion
-$
5,
200
$
N
atio
nal A
ssoc
iatio
n of
Com
mis
sion
s fo
r Wom
en-W
CW
IAd
min
istra
tion
150
$
-$
So
ciet
y fo
r Hum
an R
esou
rce
Man
agem
ent O
rgan
izat
ion
Adm
inis
tratio
n-
$
609
$
Wyo
min
g As
soci
atio
n of
Mun
icip
aliti
esAd
min
istra
tion
-$
35
0$
W
yom
ing
Asso
ciat
ion
of N
on P
rofit
Org
aniz
atio
nsAd
min
istra
tion
-$
30
0$
W
yom
ing
Econ
omic
Dev
elop
men
t Ass
ocia
tion
Adm
inis
tratio
n-
$
545
$
Wyo
min
g Ta
xpay
ers
Asso
ciat
ion
Adm
inis
tratio
n-
$
195
$
Wyo
min
g Pr
ess
Asso
ciat
ion
Adm
inis
tratio
n-
$
100
$
150
$
7,79
4$
Cat
tleFa
xBu
sine
ss D
evel
opm
ent
-$
40
0$
C
heye
nne
Rot
ary
Clu
bBu
sine
ss D
evel
opm
ent
200
$
-$
N
atio
nal A
ssoc
iatio
n of
Rur
al R
ehab
ilitat
ion
Cor
pora
tions
Busi
ness
Dev
elop
men
t-
$
150
$
Nat
iona
l Cat
tlem
en's
Bee
f Ass
ocia
tion
Busi
ness
Dev
elop
men
t-
$
150
$
Sam
son
LLC
(pre
viou
sly
Ag In
fo L
ink)
Busi
ness
Dev
elop
men
t-
$
2,00
0$
Stoc
kgro
wer
s As
soci
atio
nBu
sine
ss D
evel
opm
ent
-$
12
0$
W
este
rn U
.S. A
gric
ultu
ral T
rade
Ass
ocia
tion
Busi
ness
Dev
elop
men
t1,
030
$
-
$
Wyo
min
g C
rop
Impr
ovem
ent A
ssoc
iatio
nBu
sine
ss D
evel
opm
ent
-$
10
$
W
yom
ing
Econ
omic
Dev
elop
men
t Ass
ocia
tion
Busi
ness
Dev
elop
men
t-
$
85$
Amer
ican
Win
d En
ergy
Ass
ocia
tion
Busi
ness
Dev
elop
men
t-
$
500
$
Cou
ncil
of D
evel
opm
ent F
inan
ce A
genc
ies
Inc.
Busi
ness
Dev
elop
men
t-
$
750
$
Indu
stria
l Ass
et M
anag
emen
t Cou
ncil
Busi
ness
Dev
elop
men
t-
$
1,49
5$
Inte
rnat
iona
l Eco
nom
ic D
evel
opm
ent C
ounc
ilBu
sine
ss D
evel
opm
ent
-$
1,
360
$
M
id-A
mer
ica
Econ
omic
Dev
elop
men
t Cou
ncil
Busi
ness
Dev
elop
men
t-
$
150
$
Nat
iona
l Sho
otin
g Sp
orts
Fou
ndat
ion
Inc.
Busi
ness
Dev
elop
men
t-
$
200
$
Wyo
min
g Ba
nker
s As
soci
atio
nBu
sine
ss D
evel
opm
ent
-$
30
0$
W
yom
ing
Econ
omic
Dev
elop
men
t Ass
ocia
tion
Busi
ness
Dev
elop
men
t-
$
255
$
Wyo
min
g Fa
rmer
's M
arke
t Ass
ocia
tion
Busi
ness
Dev
elop
men
t50
$
-
$
1,28
0$
7,92
5$
Cou
ncil
of S
tate
Com
mun
ity D
evel
opm
ent A
genc
ies
Com
mun
ity D
evel
opm
ent
-$
1,
500
$
En
ergy
Ser
vice
s C
oalit
ion
Com
mun
ity D
evel
opm
ent
-$
14
0$
In
tern
atio
nal E
cono
mic
Dev
elop
men
t Cou
ncil
Com
mun
ity D
evel
opm
ent
-$
35
0$
Le
ader
ship
Wyo
min
gC
omm
unity
Dev
elop
men
t-
$
30$
Nat
iona
l Ass
ocia
tion
of S
tate
Ene
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Offi
cial
sC
omm
unity
Dev
elop
men
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540
$
-
$
Nat
iona
l Mai
n St
reet
Cen
ter I
nc.
Com
mun
ity D
evel
opm
ent
-$
4,
450
$
N
atio
nal T
rust
for H
isto
ric P
rese
rvat
ion
Com
mun
ity D
evel
opm
ent
-$
19
5$
W
yom
ing
Asso
ciat
ion
of H
ousi
ng a
nd R
edev
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men
tC
omm
unity
Dev
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men
t-
$
75$
Wyo
min
g Ec
onom
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evel
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ent A
ssoc
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unity
Dev
elop
men
t-
$
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$
3,54
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7,16
5$
Cas
per A
rea
Cha
mbe
r of C
omm
erce
Reg
iona
l Offi
ces
-$
30
0$
C
ody
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omm
erce
Reg
iona
l Offi
ces
-$
15
0$
D
ougl
as A
rea
Cha
mbe
r of C
omm
erce
Reg
iona
l Offi
ces
-$
10
0$
G
oshe
n C
ount
y Ec
onom
ic D
evel
opm
ent
Reg
iona
l Offi
ces
-$
20
0$
Lo
vell
Area
Cha
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r of C
omm
erce
Reg
iona
l Offi
ces
-$
65
$
M
eete
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Vis
itor C
ente
r/Cha
mbe
r of C
omm
erce
Reg
iona
l Offi
ces
-$
30
$
Po
wel
l Val
ley
Cha
mbe
r of C
omm
erce
Reg
iona
l Offi
ces
-$
15
0$
Pl
atte
Cou
nty
Econ
omic
Dev
elop
men
t Cor
pora
tion
Reg
iona
l Offi
ces
-$
20
0$
Th
erm
opol
is-H
ot S
prin
gs C
ham
ber o
f Com
mer
ceR
egio
nal O
ffice
s-
$
195
$
Was
haki
e D
evel
opm
ent A
ssoc
iatio
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egio
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ffice
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$
100
$
Wor
land
-Ten
Sle
ep C
ham
ber o
f Com
mer
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egio
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ffice
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$
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$
Wyo
min
g Ec
onom
ic D
evel
opm
ent A
ssoc
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egio
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ffice
s-
$
595
$
-$
2,
310
$
Tota
l4,
970
$
25
,194
$
WYO
MIN
G B
USI
NES
S C
OU
NC
ILFY
2017
Due
s an
d M
embe
rshi
ps E
xpen
ditu
res
Thre
e m
onth
s en
ded
Sept
embe
r 30,
201
6 - U
naud
ited
11D-1Business Contract and Loan Committee - September 2016
BUSINESS CONTRACT AND LOAN COMMITTEE
SECTION D
Wyoming Business Council | Board of Directors MeetingDecember 8-9, 2016 | Cheyenne, Wyoming
33D-3Business Contract and Loan Committee - September 2016
December 8, 2016
Business Contract and Loan Committee:D-5 Challenge Loan Reporting Requirements — Josh Keefe, Action Item
AGENDA ITEMS
55D-5Business Contract and Loan Committee - September 2016
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.