Housing & Commercial Activity

Housing Information Single Family Units: 9,754 Percentage Owner Occupied: 93 Multiple Family Units: 2,243 Median Sales Price: $235,000.00 Mobile Homes: 132 Median Assessed Value: $229,000 Number of Units Built Since Last Census: 1,957 Median Rent: $900 Number of Residential Building Permits for 2007: 254 Vacancy Rate: 5 Value of Residential Building Permits for 2007: $53,200,279   Source: City of Cottage Grove Commercial Activity Information Number of Commercial Building Permits for 2007: 166 Value of Commercial Building Permits for 2007: $18,765,061 Number of Public Building Permits for 2007: 5 Value of Public Building Permits for 2007: $2,827,000 Retail Sales Information Year Community Sales County Sales 2005 $226,084,566 $2,574,357,986 2004 $194,111,337 $2,284,353,473 2003 $148,614,172 $2,390,883,646 Source: MN Dept. of Revenue

Business & Community Services

Financial Institutions Information Name Phone Total Assets Capital as % of Assets Wells Fargo 651-437-1487 $15,453,887,000 7% US Bank 651-768-3205 $14,566,983,000 8% Mainstreet Bank 651-769-9400 $273,649,113 9.5% View All Financial Institutions

Lodging & Meeting Facilities Information Facility Number of Facilities Available Facility Size Teleconferencing Available Teleconferencing Available to Public Hotel 1 76 rooms No No Motel 1 31 rooms No No Conference Center 0 No No

Additional Lodging & Meeting Facilities Facility Type Facility Name Phone Conference Center Mississippi Dunes 651-768-7611 Conference Center River Oaks Golf Course/Banquet Facility 651-438-3627

Local Medical Facilities Information Facility Type Nbr of Facilities Total Nbr of Beds Telemedicine Available Clinic 3 No Dentist 12 No Doctor 34 No Hospital 0 Yes Nursing Home 0 No Name of Nearest Hospital (if none in community): Regina Hospital in Hastings Miles to Nearest Hospital: 10

Additional Local Medical Facilities Facility Type Facility Name Phone Telemedicine Available Hospital Woodwinds Health Campus 651-232-0100 No

Local Transit Information Service Available Service Available Inter-Community Bus Yes Taxi/Cab Yes Intra-Community Bus Yes Disabled Transportation Yes

Local Transit Providers Transit Type Name Phone Inter-City Bus Metro Transit 612.373-3333

Library Information Name Phone Internet Access Park Grove Branch Library 651-459-4040 Yes

Worship Information Worship Type Worship Name Phone Membership Assembly of God Light the Way Church 651.459-4145 Baptist Eagle Grove Church 651.459-4321 Baptist Lighthouse Baptist Church 651.459-6974 Catholic St. Rita's 651.459-4596 Christian Hope Community Church 651.459-6242 ELCA Lutheran All Saints Lutheran Church 651.459-1117 ELCA Lutheran Zion Lutheran Church 651.459-3010 Evangelical Crossroads Church 651.459-7111 Interdenominational The Harbor 651.437-9770 Lutheran Christ the Lord Lutheran Church 651.459-7597 Lutheran St. Lukes Lutheran Church 651.459-1222 Lutheran MO Synod Rose of Sharon Lutheran Church 651.459-3551 Methodist Peaceful Grove United Methodist Church 651.769-1303 Non-Denom Victory Church of Cottage Grove 651.458-5226 United Church of Christ Cottage Grove United Church of Christ 651.459-1501

Recreation Information Facilities Three golf courses, regional park, ice arena, municipal pool, 24 parks totaling 500 acres, paved bike trails, sand dunes, and the Mississippi River. Festival/Arts Strawberry Fest in June and Fourth of July Celebration. Service Organizations Chamber of Commerce, Lions, League of Women Voters, Southeast Area YMCA, Boy/Girl Scouts, Athletic Association, Scouts, 4H, American Legion, VFW, and other various clubs and organizations.

Education

Post-Secondary Information Nearest Technical College & Specialty Location Miles To St. Paul College St. Paul 13 Whether you are starting college for the first time or returning to enhance your career opportunities, a Saint Paul College education will fit into your life. Nearly 9,000 full- and part-time students attend for a variety of reasons and at various stages in their lives. Most work at least part-time; many have family obligations. They come from a variety of ethnic and cultural backgrounds. But all of them have found their place in the Saint Paul College community. Educating people for employment since 1910, it is the oldest of the metro area’s public two-year colleges, yet recently recognized as one of the top 50 fastest growing in the nation and in 2002 was ranked among the top five of Minnesota’s community and technical colleges. Offering a breadth of liberal arts and technical programs, Saint Paul College continues its long-standing commitment to the people in the community it serves. 10/05 Nearest Community College & Specialty Location Miles To Inver Hills Community College Inver Grove Heights 12 At Inver Hills, "community" is our middle name. Our charge, for more than 30 years, has been to serve our community by providing higher education possibilities for a variety of learners. Founded in 1970, Inver Hills is a comprehensive community college offering over 20 degree options including liberal education courses (A.A.) that lead to transfer to four-year colleges and career-related degrees (A.S., A.A.S.) in leading occupational areas such as nursing, computers, law enforcement, human services, business, emergency health care, and more. More than 1,200 course sections are scheduled each year in 50 academic disciplines. About half meet evenings, late afternoons, and weekends so working people can attend. Traditionally about half of Inver Hills students are working adults and part-time learners. 1/06 Nearest Public College/University & Specialty Location Miles To University of Minnesota - Twin Cities metro Minneapolis, Saint Paul 20 The University of Minnesota is one of the most comprehensive public universities in the United States and ranks among the most prestigious. It is both the state land-grant university, with a strong tradition of education and public service, and the state's primary research university, with faculty of national and international reputation. Nearest Private College/University & Specialty Location Miles To University of St. Thomas St. Paul and Minneapolis 15 The University of St. Thomas is a comprehensive, co-educational, Catholic university. It seeks to develop morally responsible individuals who combine career competency with cultural awareness and intellectual curiosity. In its undergraduate program, the university is committed to the development of the student through a liberal arts education within the living Catholic tradition and through a high degree of personal attention in a spiritually and intellectually stimulating campus environment. Graduate programs emphasize the integration of theory with practice, enhance the professional competence and ethical judgment of their students, and foster personal growth and an appreciation of lifelong learning. Telecommunications Use Available at Area Post-Secondary Institutions: Yes Local K-12 Information School Type Nbr of Schools Enrollment Grades Pupil/Teacher Ratio Elementary 6 3,459 K-6 25:1 Middle School Junior High 1 996 7-9 30:1 Senior High 1 1,707 10-12 30:1 Private/Parochial School District: 833 Telecommunications Use Available at Local K-12: Yes High School Graduates Attending Post-Secondary: 90% State Wide Average: 64% Education Institutions Education Type Name Phone Charter School

Government

Structure Information Organization: Mayor\Council Budget: $11,822,450 Community Bond Rating: Moody's - - Aa3 Comprehensive Land Use Plan: Yes Locally Controlled Loan Program: No Recycling: Yes Fire Insurance Rating: 4 Industrial Plans Approved By: City Council

Public Protection Services Service Type Regular Part-Time Volunteer Seasonal Fire 3 55 - - - - - - Police 39 - - - 12 - - - Sheriff - - - - - - - - - - - - EMT 55 - - - - - - - - -

Property Taxes - Payable 2007

Property Tax Information Assessed Market Value Information State Tax Rate 48.05% Commercial $210,206,867 Municipal Tax Rate 35.75% Residential $2,353,832,140 County Tax Rate 25.67% Other $282,158,232 School Tax Rate 30.87%     Misc. Tax Rate 4.07%     Total Tax Rate 144.42% Total $2,846,197,239 Minnesota commercial real estate taxes are based upon market value of taxable property as set by the local assessor. To compute the tax for the year 2002, first compute the tax capacity by multiplying all property values up to $150,000 times .015, plus any value over $150,000 times .034. Tax capacity times the tax rate equals taxes owed. In some localities where voters have approved referendums, an additional referendum tax must be added, calculated by multiplying the referendum tax rate times the total market value of the commercial property. Net tax capacity on a $200,000 business: ($150,000 * .015) + ($50,000 * .020) = $2,250

Commercial Buildings and Land Sites

Building Name Address City, State  Zip Code Type of Building Total Bldg Sqft Total Available Contact Name Organization Phone Number Photo Summerhill Professional/Medical Building  6936 Pine Arbor Drive South Cottage Grove, MN 55016 Office 37,623 24,355 Louis Suarez Welsh Companies (952) 837-3061

Land Site Address City, State  Zip Code Space Available Build To Suit Zoning Contact Name Organization Phone Number Photo

Economic Development Services
Economic Development Authority: Yes Housing Redevelopment Authority: No County Development Corporation: No Chamber of Commerce: Yes Port Authority: No		Incentives Cottage Grove offers numerous financing and incentive programs for developing and expanding businesses. IRBs, TIF and SBAs are all available to insure the success of business within the community. Cottage Grove has an Economic Development team structure, led by the City Administrator to assist existing and new businesses grow and prosper. For information on any of the above financial assistance programs, call 651-458-2822 or rschroeder@cottage-grove.org. Please go to http://www.cottage-grove.org/project_updates_commercial.htm to see all current Retail and Development opportunities in the City of Cottage Grove.
Contact Information Ryan Schroeder Administrator Cottage Grove, City of 7516 80th Street South Cottage Grove, MN  55016-3195 (651) 458-2822 Ron Hedberg Director of Finance and Admin. Services Cottage Grove, City of 7516 80th Street South Cottage Grove, MN  55016-3195 (651) 458-2832 Sandra Shiely Mayor Cottage Grove, City of 7516 80th Street South Cottage Grove, MN  55016-3195 (651) 458-2800
Economic Development Organizations Type Name Phone Fax Chamber of Commerce Cottage Grove Area Chamber of Commerce 651-458-8334 651-458-8383

Disaster & Emergency Services
Name	Phone Number(s)
Public Safety emergency resources	1-800-422-0798 or metro 651-649-5451
Federal Emergency Management Agency	Region V FEMA 312-408-5500
Small Business Administration Disaster Resources	Disaster Area Offices 404-347-3771

Inquiries regarding this community's data go to Joe Fischbach

Keller Williams Integrity Realty - - Eagan, MN 55122 Phone: 612-986-2246   Email: markaduffy@comcast.net Copyright © 2008 Keller Williams Integrity Realty, All Rights Reserved. The materials contained within this page may not be reproduced without the express written consent of KELLER WILLIAMS INTEGRITY REALTY. The information herein is believed to be accurate and timely, but no warranty as such is expressed or implied.

Powered By Realestatehomepages.com