HomeMy WebLinkAboutEDA Minutes 2012.01.23
4646 Dakota Street SE
Prior Lake, MN 55372
Economic Development Authority Meeting Minutes
January 23, 2012
1. CALL TO ORDER
President Hedberg called the meeting to order at 4:08 p.m. Present were Hedberg, Morris, Choudek and
Myser, Community & Economic Development Director Rogness, Finance Director Erickson, Executive Director
Boyles. Absent was Hitchcock.
2. APPROVAL OF AGENDA
MOTION BY MYSER, SECONDED BY MORRIS TO APPROVE THE AGENDA AS PRESENTED.
VOTE: Ayes by Hedberg, Morris, Choudek and Myser. The motion carried.
3. APPROVAL OF MEETING MINUTES
None.
4. PUBLIC HEARING
No public hearing was scheduled.
5. OLD BUSINESS
A. Partial Payment to Consultant.
Boyles: explained that Eric Lampland of Lookout Point Communications is requesting an initial com-
mencement payment for his broadband consulting contract. This amount would be $11,625, which is 15%
of the contract amount. Boyles asked for EDA approval since this is not a normal provision is professional
services contracts.
MOTION BY MYSER, SECONDED BY MORRIS TO APPROVE THE INITIAL COMMENCEMENT PAY-
MENT OF $11,625 TO LOOKOUT POINT COMMUNICATIONS.
VOTE: Ayes by Hedberg, Morris, Choudek and Myser. The motion carried.
6. NEW BUSINESS
A. (1) EDAC Report (no report)
(2) Broadband Fiber Network Report
Rogness: informed EDA that the first subcommittee meeting with Eric Lampland will be on January 26.
(3) Technology Village Incubator Report
Rogness: indicated that this subcommittee will likely make it presentation to the EDA on February 13,
which will include a feasibility report and financial plan.
B. Election of Officers
Boyles: asked that the EDA elect officers for 2012, including the positions of President, Vice President and
Secretary. .
MOTION BY MYSER, SECONDED BY CHOUDEK TO KEEP THE SAME OFFICERS IN 2012 AS IN 2011,
INCLUDING HEDBERG AS PRESIDENT, MORRIS AS VICE PRESIDENT, AND BOYLES AS SECRE-
TARY.
VOTE: Ayes by Hedberg, Morris, Choudek and Myser. The motion carried.
Phone 952.447.9800 / Fax 952.447.4245 / www.cityofpriorlake.com
C. Requesting Amendment to the 2012 EDA Budget
Boyles: reviewed the staff report related to a need to amend the EDA budget in order to fully fund the
Broadband consultant and the proposed Venture Fair event. Staff is proposing to add $33,000 to the EDA
2012 budget expenditure line items related to three shortfalls, including: (a) $27,000 for the Broadband
consulting contract; (b) $5,000 for the Venture Fair event, and (c) $1,000 for the National Business Incuba-
tor Association membership. These funds would come from the EDA’s reserve account. Commissioners
agreed with the need to fully fund these 2012 initiatives.
MOTION BY MYSER, SECONDED BY MORRIS TO RECOMMEND APPROVAL OF THE PROPOSED
$33,000 BUDGET AMENDMENT TO THE CITY COUNCIL.
VOTE: Ayes by Hedberg, Morris, Choudek and Myser. The motion carried.
7. OTHER BUSINESS
A. Draft February 13, 2012 Agenda was reviewed by the commissioners.
ADJOURNMENT
MOTION BY MYSER, SECOND BY MORRIS TO ADJOURN THE MEETING. With all in favor, the meeting ad-
journed at 5:22 p.m.
___________________________
Frank Boyles, Executive Director
DRAFT 12 12 11 EDA meeting minutes
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