HomeMy WebLinkAbout03 14 2011 EDA meeting minutes
4646 Dakota Street SE
Prior Lake, MN 55372
Economic Development Authority Meeting Minutes
March 14 , 2011
CALL TO ORDER
President Hedberg called the meeting to order at 4 p.m. Present were President Hedberg, EDA Commissioners
Choudek, Hitchcock, Morris and Myser, Attorney Pace, Community Developme nt/ Natural Re sources Director
Danette Parr, Treasurer Erickson and Executive Director Boyles.
APPROVAL OF AGENDA
President Hedberg asked that in consideration of those present that 6A be accomplished, then 5B and the
remainder of the agenda.
MOTION BY MYSER, SECOND BY MORRIS TO APPROVE THE AGENDA.
VOTE: Ayes by Hedberg, Choudek, Hitchcock, Morris and Myser. The motion carried.
APPROVAL OF MEETING MINUTES
MOTION BY MYSER, SECOND BY CHOUDEK TO APPROVE THE MINUTES OF THE FEBRUARY 10, 2011
MEETING AS PR ESENTED.
VOTE: Ayes by Hedberg, Choudek, Hitchcock, Morris and Myser. The motion carried.
P UBLIC HEARING
No public hearing was scheduled.
NEW BUSINESS
TIF and Tax Abatement Discussion – Ehlers & Associates
Community Development and Natural Resources D irector Parr introduced Rebecca Kurtz and Dave Callister
who provided a detailed presentation regarding tax increment financing and tax abatement.
Commissioners requested reading materials that represent good examples of TIF usage and bad examples.
Call ister stated he could provide such case studies. There was also agreement that it may be useful for Ehlers to
come back at a future date to dissect one or two projects to facilitate EDA learning.
OLD BUSINESS
EDA Budget Update
Treasurer Erickson reviewed two budget options. One contemplated expenditures of $25,000 and the other,
$102,000.
Discussion ensued regarding the $15,000 matching grant to be received from Scott County. This grant was
intended to facilitate strategic planning. The EDA believes t hat both the revenues and expenses should be included
in the budget.
The EDA concluded a version of Option B should be included. The budget would have $17,000 revenues ($2,000
interest and $15,000 grant). Expenses would total $70,000 rather than $80,000 . The net budget is $75,000.
Phone 952.44 7. 9800 / Fax 952.44 7 . 4245 / www.cityofpriorlake.com
MOTION BY MYSER, SECOND BY HITCHCOCK TO APPROVE THE MODIFIED BUDGET.
VOTE: Ayes by Hedberg, Choudek, Hitchcock, Morris and Myser. The motion carried.
EDA Recommendation for Fountain Hills Charter School Concept
Deferred to the April 9, 2011 meeting.
EDA/EDAC Relationship
Deferred to the April 9, 2011 meeting.
Strategy Session Planning / Logistics
Deferred to the April 9, 2011 meeting.
OTHER BUSINESS
No other business was brought forward.
ADJOURNMENT
The meeting a djourned at 6:10 p.m.
___________________________
Frank Boyles, Executive Director
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03 14 11 EDA meeting minutes