HomeMy WebLinkAbout7B - EDAC Annual Report
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U ~ Prior Lake, MN 55372-1714
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~INNESO~~ CITY COUNCIL AGENDA REPORT
~:rCh 1, 2010 (\ <' I~
Frank Boyles, City Manager ~.y
MEETING DATE:
AGENDA #:
PREPARED BY:
AGENDA ITEM:
PRESENTATION:
Economic Development Advisory Committee Annual Report
The bylaws for the Economic Development Advisory Committee provide that it
was created to:
. Serve as a liaison between government and the community.
. In conjunction with the City Council, Economic Development Authority and
staff, facilitate economic growth and redevelopment activities for the City of
Prior Lake.
. Work with citizens, city staff, business owners, property owners, prospective
developers, Chamber of Commerce and other economic development
stakeholders on a variety of economic development and redevelopment
activities.
. As requested, provide review and comment on economic development and
redevelopment policies to the City Council and Economic Development
Authority.
. Make recommendations to the City Council and Economic Development
Authority regarding economic development issues, strategy development,
implementation and other initiatives that can be undertaken by the City to
expand and strengthen its economy, inclusive but not limited to business
retention and expansion, targeted business attraction/recruitment, new
business/entrepreneurial development and redevelopment.
. Assist the City Council and Economic Development Authority to identify
funding sources for economic development and redevelopment.
The bylaws also provide that the Chair shall give an accounting of the
Committee's activities with respect to its purposes, goals and objectives. Deno
Howard, Chair of our eleven-person EDAC, will provide an overview of the
Committee's activities and request approval of the EDAC's proposed 2010
objectives.
www.cityofpriorlake.com
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Economic Development Advisory Committee
2010 Objectives
Adopted by EDAC January 29, 2010
1. The EDAC will have a presence at a minimum of two (2) civic organization or
business events this year.
2. The EDAC will have a presence at a minimum of two (2) community events
this year (such as Lakefront Days and Community Fall Fest).
3. The EDAC will meet with at least four (4) existing City businesses quarterly for
retention purposes.
4. The EDAC will make contact with at least one (1) prospective business per
quarter.
5. The EDAC will update and fmalize the marketing piece for prospective
businesses.
6. The EDAC will review and comment about changes proposed in the sign
ordinance before the amendments are submitted to the Planning Commission
for public hearing.
7. The EDAC will review Business Subsidy Policy and make recommendations
regarding proposed changes.
8. The EDAC will conduct an annual meet and greet event for area businesses.