HomeMy WebLinkAbout03 12 2012 EDA Minutes4646 Dakota Street SE
Prior Lake, MN 55372
1. CALL TO ORDER
Economic Development Authority Meeting Minutes
March 12, 2012
Vice President Morris called the meeting to order at 4:04 p.m. Present were Morris, Choudek and Myser, Ex-
ecutive Director Boyles, Community & Economic Development Director Rogness and Community Development
Specialist McCabe. Absent was Hedberg.
2. APPROVAL OF AGENDA
MOTION BY CHOUDEK, SECONDED BY MYSER TO APPROVE THE AGENDA AS PRESENTED.
VOTE: Ayes by Morris, Choudek and Myser. The motion carried.
3. APPROVAL OF MEETING MINUTES
MOTION BY MYSER, SECONDED BY CHOUDEK TO APPROVE THE MEETING MINUTES OF FEBRUARY
13, 2012
VOTE: Ayes by Morris, Choudek and Myser. The motion carried.
4. PUBLIC HEARING
No public hearing was scheduled.
5. OLD BUSINESS
A. Venture Fair Contract.
Rogness: explained the proposed contract with RAIN Source Capital, Inc. to provide professional services
for the proposed Venture Fair. This contract uses the standard city template. The $7,500 contract cost will
be divided into two equal payments with the first payment made once the contract is executed followed by
the second payment at the conclusion of the event. The Venture Fair will take place before June 30, 2012.
Myser: suggested that an email and letter be pre -written for potential angel investors. These should be
reviewed by EDA members and timed to gain early interest.
Rogness: discussed ways to gain names for the Venture Fair mailing list, including a potential source
through the Minnesota Department of Commerce.
B. Status Report on EDA Member Recruitment.
Boyles: reported that the deadline for applications is Friday of this week. Although some interest has
been expressed by people to fill the vacant position, more names are desired to get an adequate pool of
candidates. Boyles also reviewed the process to fill the position as described in the EDA bylaws.
Myser: suggested that an email blast be used though the Chamber of Commerce, if possible.
MOTION BY MYSER, SECONDED BY CHOUDEK TO APPOINT MORRIS TO BE THE EDA REPRE-
SENTATIVE ON THE SELECTION COMMITTEE.
VOTE: Ayes by Morris, Choudek and Myser. The motion carried.
6. NEW BUSINESS
A. (1) EDAC Report
Rogness: informed the EDA that a quorum was not present for the second time this year; however, they
did continue discussion on matters related to the 2011 Meet -N -Greet event and other topics. It appears
that absences are related to other prior commitments rather than a level of non-interest.
Phone 952.447.9800 I Fax 952.447.4245 I www.cityofpriorlake.com
(2) Broadband Fiber Network Report
Rogness: informed EDA that the subcommittee is continuing to have productive meetings every two
weeks with the consultant, Eric Lampland.
(3) Technology Village Incubator Report
Rogness: indicated that the subcommittee is continuing to review space options with a new business plan
to be presented to the EDA in before the end of June.
B. EDA Business Plan Outline
Rogness: summarized an EDA Business Plan that will be presented to the members at the regular April
meeting. The outline includes the following topics: (1) Purpose, (2) Economic Landscape of Prior Lake, (3)
Measuring Success, (4) SCALE Initiatives, (5) Implementation Plan for 201212013, (6) Looking Ahead to
2020 and 2030, (7) Summary of Funding Needs & Resources, and (8) Achievement Goals for Jobs, Busi-
nesses and Tax Base.
Myser: asked for further clarification of the economic landscape section, noting a desire to have infor-
mation that establishes a base of information for moving forward in certain strategic directions.
EDA Members: supported the business plan outline as provided by staff.
MOTION BY MYSER, SECONDED BY CHOUDEK TO APPROVE THE EDA BUSINESS PLAN OUTLINE
WITH EIGHT TOPICS AS PRESENTED BY ROGNESS.
VOTE: Ayes by Morris, Choudek and Myser. The motion carried.
C. Business Inquiry List
Rogness: distributed the business inquiry list updated through February of 2012, which was provided as
information only.
7. OTHER BUSINESS
A. Draft April 9, 2012 Agenda was reviewed by the commissioners. The commissioners also discussed the
need to have further information and discussion on pad -ready commercial/industrial sites in Prior Lake.
ADJOURNMENT
MOTION BY MYSER, SECOND BY MORRIS TO ADJOURN THE MEETING. With all in favor, the meeting ad-
journed at 5:30 p.m.
Frank Boyles, Executive Director
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