Sources & Uses Schedule

Contents of Full Report Introduction I. Key Elements II. Project Components and Financing III. Workforce Partnership Plan Employment/Contracting Goals IV. Authorizing Redevelopment and Tax Increment Plan Modifications and Project ASnalysis V. Authorization to Sub-Grant Existing TBRA funds to Ryan Companies, Inc., for Environmental Testing and Remediation of ACM at Midtown Exchange VI. Waiver of the City Procurement Policy Attachment 1. Term Sheet Attachment 2. Pre-Development Timeline Attachment 3. Chicago-Lake Redevelopment District Guidelines

III. Workforce Partnership Plan Employment/Contracting Goals

The City and Ryan agree that the Midtown Exchange project presents a unique opportunity to partner around a common objective: to share economic opportunities on this project with these citizens who most need them. To that end, Ryan proposes and CPED recommends this 7-point workforce partnership plan that will target at least 135 of the 300 estimated jobs at the site.

1. Mid-town Exchange Pre- Apprentice Construction Training Program

The Minneapolis Building Trades Council, Construction Careers Coalition and Minneapolis Employment Training Program are partnering with Ryan Companies US, Inc. on a new pilot pre-apprentice program. This program will provide entry-level employment opportunities designed to prepare participants for formal and existing state certified apprentice programs. Ryan Companies US, Inc. and their subcontractors have agreed to a goal of 5% of the onsite construction hours for pre-apprentices. This represents approximately 45,000 hours for pre-apprentices.

2. Neighborhood Employment

In response to strong neighborhood input that seeks to put local trades and labor workers to work on the Midtown Exchange project, Ryan and The Minneapolis Building Trades Council have agreed that approximately 25-30 Minneapolis residents from the surrounding neighborhoods (as defined by zip codes 55404, 55407, 55408, and 55409) will be given first priority off the union benches.

3. Employment Goals

Ryan has agreed to workforce utilization goals that are higher than any other previous commercial construction project in the City.

	Midtown Exchange	City Goals	% Increase
Skilled Minority	15%	8%	87.5%
Unskilled Minority	20%	15%	33%
Female (Skilled/Unskilled)	5%	4%	25%

4. Contracting Goals

Ryan commits to Small Underutilized Business Program goals of 12% for Minority Owned Businesses and 11% for Women Owned Businesses. This goal was set by comparing the project scope of work to the registered SUBP participants who would be potentially available to participate in the project. Given the fact that the Midtown Exchange project is a commercial historic rehabilitation project requiring a greater percentage of specialty and skilled work (rather than residential or commercial new construction), these are aggressive goals.

These subcontracting goals exceed those of publicly-funded projects, like the Minneapolis Library project (12% MBE and 10% WBE. Source of Minneapolis Department of Civil Rights—April 1, 2004). They also approximate or exceed those of new builds, like the Minneapolis Convention Center (combined S/M/WBE goal of 25 percent) and the Guthrie Theater (9% MBE and 12% WBE). They also exceed the Ryan goals for a rehabilitation with a scope of work comparable to this project scope at the Grain Belt Brew House (18% M/WBE combined goal), for which Ryan received special recognition from the Minneapolis Department of Civil Rights.

5. Clean and Green

The City and the Minneapolis Employment and Training Program will administer a summer youth employment program. One youth crew will be responsible for cleaning the Greenway Corridor and be directed by the Loring/Nicollet/ Bethlehem Center. The other youth crew will be directed by the Lake Street Council and charged with cleaning and maintaining Lake Street.

6. Construction Education Minneapolis. Public School Initiative

Ryan Companies US, Inc., will work with the Minneapolis Public Schools through the construction classes that are held at Roosevelt and North High Schools. Ryan will provide these classes with speakers to talk about job site safety and OSHA standards. Ryan will also provide speakers from the various trades and construction disciplines working on the Midtown Exchange Project including Architecture, Engineering, and Project Management. Ryan agrees to donate to these construction classes building materials, hard hats, work gloves, hand tools, and other materials as available. Ryan will provide students and instructors with corporate office, shop, and on-site tours. Ryan agrees to provide four mentors annually for star students in these classes. Ryan will provide networking opportunities with other construction industry representatives for the high school instructors that teach these courses.

7. Employment Opportunities with Midtown Exchange Tenants

Ryan will provide name and phone information of every tenant who signs a lease in the Midtown Exchange project to the City and METP. METP will work with the Midtown Workforce Oversight Committee to pursue discussions with these tenants about employment opportunities.