HomeMy WebLinkAbout11 28 2011 EDA meeting minutes
4646 Dakota Street SE
Prior Lake, MN 55372
Economic Development Authority Meeting Minutes
November 28 , 2011
1. CALL TO ORDER
President Hedberg called the meeting to order at 4 p.m. Present were Hedberg, Hitchcock, Morris and My s er ;
Finance Director Erickson, Assistant City M anager Kansier, Community and Economic Development Director
Rogness and Executive Director Boyles. Commissioner Choudek joined the meeting at 4:12 p.m.
2. APPROVAL OF AGENDA
MOTION BY MYSER, SECOND BY HITCHCOCK TO APPROVE THE AGENDA AS PRESENTED .
VOTE: Ayes by Hedberg, Hitchcoc k, Morris and Myser . The motion carried.
3. APPROVAL OF MEETING MINUTES
MOTION BY MORRIS, S ECOND BY MYSER TO APPROVE THE MINUTES OF THE OCTOBER 10 , 2011
MEETING AS PRESENTED.
VOTE: Ayes by Hedberg, Hitchcock, Morris and Myser. The motion carried.
MOTION BY MYSER, SECOND BY HITCHCOCK TO APPROVE THE MINUTES OF THE OCTOBER 31, 2011
MEETING AS PRESENTED.
VOTE: Ayes by Hedberg, Hitchcock, Morris and Myser. The motion carried.
4. P UBLIC HEARING
No public hearing was scheduled.
5. OLD BUSINESS
None scheduled.
6. NEW BUSINESS
A. Venture Fair – February 2012
Pace, Rogness and Steve M ercil met as directed by the EDA . Rogness distributed a paper from Steve
Mercil that identifies both full day and half day seminars. Need to learn how many hours for each, or
whether it c ould begin at 8 a.m. , noon or 3 p.m. All options would be from cocktail hour to after dinner.
Hitchcock: asked whether the attempt is to merge the incubator (businesses) and investors.
Myser : stated he would be OK with both, having it on an annual bas is, and done within o ne day. Stated
this may take longer to finalize than one or two months and expressed concern about paying for the pre s-
entation.
Hitchcock : Would like to have companies speak at the e vent so businesses and incubators could pick one
o r two tracks.
Choudek : Likes a multipurpose, annual event. Place where connections are made between incubators
and Angel investors.
Rogness : Suggested that the event begin in the a fternoon leading into Rainsource funding after dinner .
Hitchcock : Offe red to work with Rogness on planning.
Multiple tracks suggested were:
Angel Investors / Businesses
Putting Together Business Plan
Phone 952.447. 9800 / Fax 952.44 7 . 4245 / www.cityofpriorlake.com
An Attorney For What You Need
What Is An Incubator
What City Approval Permits Are Needed For New Buildings
Meeting Other Entre preneurs Like Yourself
Financing A New Business
A suggestion was made to ask Chamber and commercial bank representatives what type of information
would be desirable.
Morris: Create incubator community architecture. Get universities involved. Bob Garma chak runs School
of Business at Hamline, lives in Apple Valley. Ron Wax runs an entrepreneur and small business ne t work.
Get these people as part of the Venture Fair.
Rogness: Stated that the Incubator Subcommittee meets Wednesday morning and could fu r ther discuss
this topic.
B. EDAC Report – Meet and Greet
Bill Henry presented information from the Meet and Greet. Hoped that training would be given. More City
attention.
Myser: stated we are re - engineering development processes. Also cueing up ordi nance review s.
Henry : S uggested we need to s ay what we are doing more. Also suggested that those who were at Meet
and Greet a s well as home based businesses could be invited.
EDAC Report:
EDA to direct parking investment. Look at some options. Look at Stillwater parking for pay. Look at
St. Louis Park and how it is funded.
Revisit off - premise signs.
Broadband Fiber Network
Six responses to the RFQ.
o
Scored top three
o
Meeting on Wednesday to interview two or three.
o
Morris passed out an article, After the Stimulus: Broadband and Economic Development .
Technology Village Incubator
Hitchcock put together some thoughts. Has talked about purchase of land with private for - profit
owners.
Get NBIA books – one for each EDA member.
C. Tax Increment District 1 - 1 Discu ssion
Focus money on two EDA objectives: incubators and fiber optic. Boyles e xplained V elocity request.
Morris: Make sure there is plenty of fiber for a data center. How does fiber optic get to 511 building – 169
co n nection? Is there an aerial photo which shows entire County with fiber overlay?
TIF 1 - 1 usage to be aligned with incubator and with fiber. Subcommittees to identify how these funds could
best be used.
D. City Code Evaluation Process
Off - premise signage as it relates to downtowns and busi ness
Parking needs for individual buildings; also for multi - tenant; also exterior type.
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E. EDA Business Plan
Rogness: Asked if the draft he attached to the agenda is going in the right direction. He included the ou t-
line as an overview.
Hedberg : EDA has i dentified strategic priorities – fold in. Also jobs.
Myser : Take business plan for fiber and incubator and roll in.
F. Business Inquiry List
Rogness : Reviewed the list.
Myser: Why do they say “no?”
Choudek: Set it up so it can be sorted by key words.
Hitchcock: Turn around opportunity – second try.
The EDA asked that notice be posted that a special meeting will be conducted on Monday December 5, 2011, at 4
p.m. in Parkview.
ADJOURNMENT
MOTION BY MYSER, SECOND BY HITCHCOCK TO ADJOURN THE MEETING. With all in favor, the meeting
adjourned at 6:15 p.m.
___________________________
Frank Boyles, Executive Director
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