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HomeMy WebLinkAbout7A July AgendaPRIO\ ti U \IMvESO'�� 4646 Dakota Street SE Prior bake_ MN 55372 ECONOMIC DEVELOPMENT AUTHORITY AGENDA REPORT MEETING DATE: June 13, 2011 y AGENDA #: 7A PREPARED BY: Frank Boyles, Executive Directo PRESENTED BY: Frank Boyles AGENDA ITEM: JULY AGENDA DISCUSSION: For your next meeting on July 11, 1 have scheduled a number of items. I had contemplated that we would meet jointly with the EDAC. At the meeting we could get acquainted as well as review roles of the two bodies. At the conclusion of the joint meeting, the EDA could approve the bylaws and refer them to the City Council for final approval. Under New Business, I have invited Gary Evens and Dan Pecarina of Hiawatha Broadband Communications. I have asked them to outline the various kinds of broadband formats which have been used in their experience. Enclosed for your information is a letter to the Scott County CDA indicating that we would like to invest the grant in our fiber efforts. Assistant City Manager Jane Kansier will be present at the meeting to talk further about the grant should you desire. Finally, we have asked Steve Mercil of Rain Source Funding to talk about how the EDA might be able to encourage private funding sources to make invest- ments in growing Prior Lake businesses. I have invited Dan Silverman of Research on Investment to be present, but he was unable to make this meeting. Perhaps we can reschedule in the future. PRIO� U 4646 Dakota Street SE Prior Lake, MN 55372 PRIOR LAKE ECONOMIC DEVELOPMENT AUTHORITY Joint Meeting with Economic Development Advisory Committee AGENDA Monday, July 11, 2011 4:00 p.m. Reports included with this agenda can be found in the Document Center at www.cityofpriorlake.com Please follow this file path: City of Prior Lake\Economic Development Authority120111July 11, 2011 CALL TO ORDER/INTRODUCTION 2. APPROVAL OF AGENDA 3. APPROVAL OF MEETING MINUTES A. June 13, 2011 4. PUBLIC HEARINGS A. No public hearing is scheduled. 5. OLD BUSINESS A. Approval of 2nd Quarter Financial Report B. Discussion of Bylaws and Roles of EDA and EDAC C. Adoption of EDAC Bylaws and Referral to City Council 6. NEW BUSINESS A. Hiawatha Broadband Communications — Gary Evens and Dan Pecarina — 4:15 p.m. B. Rain Source Funding — Steve Mercil — 5:30 p.m. 7. OTHER BUSINESS 8. ADJOURNMENT: 6 p.m. Phone 952.447.9800 / Fax 952.447.4245 / www.cityofpriorlake.com PRIpis ti U try l Itnzs!` ) May 11, 2011 4646 Dakota Street SE Prior Lake, MN 55372 Scott County Community Development Agency Attention: Bill Jaffa, Executive Director 323 South Naumkeag Street Shakopee, MN 55379 RE: City of Prior Lake Technical Assistance Planning Grant Dear Bill: Thank you for the opportunity to work with the Scott County CDA and for the Technical Assistance Planning Grant. We appreciate your efforts to promote economic development in the community. When the City submitted its original grant application, we intended to use the funds to retain the services of a consultant to help develop a Prior Lake Economic Development Strategy and Marketing Program. While this strategy is still valuable, the City Economic Development Authority recently identified a more valuable goal: Making Fiber -To- The -Home (FTTH) a reality in Prior Lake. We believe a better use of the grant funds will be to retain a consultant to assist in the development of a FTTH implementation plan. A FTTH implementation plan is still consistent with the goals and objectives of the SCALE Unified Plan. Specifically, this plan will meet the following objectives identified in the Charter: • Integrated and inclusive planning processes • Strategic planning and management linked to infrastructure and economic decisions • Making Better Use of Existing and Future Infrastructure and Urban Land for Business Development • Identifies and collaboratively markets high quality sites for business expansion • Reduces overall long term costs and improves efficiency and mobility • Collectively we will create more high quality economic opportunities • High quality of life is good for economic development • Improves efficiency, transportation options for County residents and sustainability The project is also consistent with the current SCALE Broadband Initiative project. FTTH dovetails nicely into the idea of expanding and utilizing the current County fiber optic backbone. This letter serves as our official request to amend our original grant application to allow the City of Prior Lake to use the funds to assist in the development of a FTTH implementation plan. Phone 952.447.9800 / Fax 952.447.4245 / www.cityofpriorlake.com I look forward to hearing from you. If you have questions, please contact me directly at 952 - 447 -9812. Sincerely, Jane Kansier, AICP Building and Transportation Services Director cc: Frank Boyles, City Manager