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MEETING DATE:
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AGENDA ITEM:
PRESENTATION:
REVIEWED BY:
CITY COUNCIL AGENDA REPORT
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FEBRUARY 22, 2000
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DONALD RYE, PLANNING DIRECTOR
ANNUAL REPORT FROM THE ECONOMIC DEVELOPMENT
AUTHORITY
Minnesota statutes and the EDA bylaws both require submission of an
annual report to the City Council by March lof each year. Attached is
a copy of the EDA Annual Report for 1999. Bob Barsness, President
of the EDA, will be present at the Council meeting to. present the
report
162~fu~~k\6'ooD~.l. Minnesota $5372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245
AN EQUAL OPPORTUNITY EMPLOYER
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CITY OF PRIOR LAKE
ECONOMIC DEVELOPMENT AUTHORITY
ANNUAL REPORT-1999
Minnesota Statutes 469.100, Subd. 4 and the EDA bylaws require that the EDA submit an
Annual Report to the City Council by March 1st of each year. This report is to provide an
account of EDA activities in the past year, a summary of receipts and expenditures, a
description of current and proposed projects and a description of general development
goals.
1999 Activities
The EDA conducted a workshop dealing with the powers and duties of the EDA; the role
of the EDA in aiding business development, business retention and business recruitment;
and 1999 Goals and Objectives.
The EDA entered into a contract with Hoisington- Koegler Group, Inc. to prepare a
Downtown Redevelopment Plan and hosted three public meetings to discuss preliminary
plan findings.
The EDA conducted a Business Retention Survey of approximately 60 Prior Lake
businesses, tabulated the results and developed specific recommendations to the City
Council for follow-up action steps.
The EDA developed and executed a Memorandum of Understanding with the Scott
County Housing and Redevelopment Authority which addresses cooperation and
communications between the two agencies and the potential need for coop~rative
agreements.
The EDA completed a wetlands mitigation project on the remaining 4.17 acre parcel in
the Business Office Park to enhance it's marketability.
The EDA developed and recommended approval of a Business Assistance policy to the
City Council.
The EDA recommended changes to it's bylaws which were subsequently approved by the
City Council.
16200 Eagle Creek Ave. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245
AN EQUAL OPPORTUNITY EMPLOYER
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The EDA conducted a joint meeting of the EDA, City Council and Planning Commission
to discuss strategies for commercial and industrial development.
The EDA recommended funding priorities for the proposed Highway 13 intersection
improvements.
The EDA was responsible for the installation of signage on Highways 169 and 1-35
directing traffic to Prior Lake.
The EDA conducted a study of potential revenue sources for a frontage road on County
Road 42.
The EDA conducted an investigation of high-speed data transmission needs and
capabilities in the City.
The EDA reviewed and commented on the draft 2000-2004 Capital Improvement
Program.
The EDA developed and transmitted it's 1998 Annual Report to the City Council.
Receipts and Expenditures( Includes both EDA and General Fund Expenditures)
EDA finances
Revenues totaled $5,557.37. Of this amount, $534.27 were from interest earnings and
$5,023.10 were from land sale proceeds.
Expenditures totaled $92,468.65 and are broken down in the following categories:
EDA Expenditures
Office supplies
Travel and Conferences
Downtown Redevelopment (professional services)
Business Office Park
. Professional services
! Wetland mitigation
252.09
15.95
29,823.61
1,500.00
15.692.00 -
47,283.65
General Fund Expenditures
Expenditures for the year were as follows:
. Personnel costs
. Office supplies
. Professional services \ J ,,'\
. Miscellaneous
- 18,714.00
464.00
24,691.00 - t~le,J/'
1.316.00
45,185.00
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Current and proposed proi ects
Current proj ects include:
. The Downtown Redevelopment Plan.
. Marketing the last parcel in the Business Park.
General Development Goals
The general development goals of the City are described in detail in the 2020
Comprehensive Plan and are endorsed by the EDA. The specific EDA goals are contained
in the Goals and Objectives statement attached to this report.
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