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Home My WebLink AboutLegos 501 � 6/7/2013 Unified Plan for Economic Development Workshop-2 City of Prior lake June 10, 2013 .� � � ,. � - � .� ' , ' , , ' , ' Presenters Michael Sobota, Scott County Dan Rogness, Prior Lake Community and Economic Development Director Lezlie Vermillion, Deputy Administrator, Scott County Bruce Maus, President, Maus Group LLC 1 6/7/2013 Review of SCALE E W • "Lego's" �oi - Transportation Corridor Basics ' • "Lego's" zo� - Land Use and � - Transportation r •"Lego's" 30� - Support for Economic Development • "Lego's" 4oi - Strategies for Success • Tonight - 50� - ��Case Studies in Economic Development" Workshop "50�" new learning , �� - • Commercial/Industrial Case � Study � - • Economic Development Vision -r �� Update needed for your City? • SCALE Unified Plan Update- First Stop Shop • Post Recession Economic Develo _ment Strate _ ies 2 6/7/2013 Dean Lakes _ _- �' A Mixed-Use Development Case Study � A N D E R S O N Compro��nsiw 0ulldinp S DovNOpm�nt S�rvic�s KM BUILDERS 5 �� > �, � ' ' � # ,r f � &'. � � ± M,�� . ' .`�� ;'�:.. : $ " f!� . . . . i!- ,�- • * i- � A N D E R S O N ' C, mpr�nonsiva BuilAinq S Dtwr7aAmant S�rdees 6 KM BUIL.DERS ' 3 6/7/2013 Dean Lakes Project Summary ■ z73 acres total ■ Residential Development = 4z acres ■ Retail Development = 44 acres ■ Business Park Development = 90 acres ■ Conservation/Open Space = 84 acres A N D E R S t,� N �,,,, �eMnsive BullAleq 4 Dwvelopm�nt S�rvkas KM BUILDERS � J�f�_,: � ��i � „ � ... .�.�. r WT.16 '� .. : � ... . .. . . .... � { t ^.. y� °��'S ' �"` . _��y �. N � � � -,:/'°� H� Y � 3 ^� �� ---� r , �'' � s' A � € � i �j � � � _ 5ffE INFOfUWTfON � --� � �� Y NK. IILLJL � � W�G KISMi56MpI I��.. €� �1AC, AFSICfM1LL � i. .`�., MK.00�5C¢M�TqMMU J ((b.pD%:iS-, �b��•� ,. 170�07PSf. IKful 1 � - ,.,�.�� . --�. �� i� � � � �'` • � A N D E R 5 fJ N j�,,,,�h�nsiw BuilAlnq 6 O�veiopm�nt S�rvices KM BUILDERS I s 4 6/7/2013 Merits of Dean Lakes Mixed-Use ■ Economic viability to develop large land parcels within development market cycles of 5-7 years ■ Traffic constraints limited intersections to Service Level"D" ■ CR 83/16 improvements completed ■ Assessments payment started ■ Natural amenities, Dean Lakes, wetlands ■ Trail links to Southbridge and other parts of the City � A N D E R 5 Gl N; ��„�nslve Bu1ldlnq t D�vNOpen�nt S�rvlurs KM BUILDERS s Community Tools with Impact: • Comprehensive Pl�n -� �� =r -., �� , �� • T�r nsportation Plan . � _ .__„ • Z nin rdin�nc� � �� -� � , � . �� _ � � �� • Subdivision Ordinance � �� __'� ��. ; ; • C� itn al lmprovem n lan � �< � ' > �' � �_ �: =� �� • W�� Local W �#�r � c� �� I ns "� � -- ��_ . ,o 5 6/7/2013 „ Comparison F ""`"°"°"'"'" k "`°"� 20tj � Existing Functional s��a � �,. � w . �� Classification =.W..,.,.� - �,..,.� -:�.,�., . +� .. . . - �..... r�._...._..._._�....... , 3 � _✓ -3 - • ��, i. � � � • � t +. : ... ..� � & � �.� — .. . f �{ � _y 'r' - . ,,.>: � � ` � ,. > � : '�y .. ' .: y _ � I` � �7 �' ,�,�J I�n,� .. . ' � . : , _ .^^ ' � �� f i � �s � � _e . _...._. - ,y,. ,7-` �� "_ '" l ' �I�� . i r �, - . � __.. __ �="° : �' .,"�, ., .� fSrnA - _ ' �' r , 3— y Future Functional t � ,_ ~ -�; � Classification �_ _ „ -� �- � , _ . � � _ � ._ ��. � i.� , o - _— — Prior Lake Future Fun�tional Class ,�,.w.... �.. �� .��. �. ...�. :� 4..�,.. � ; a ; .�,.,,..��. � � �� . — Local — Collector — Minor Arterial �� — Principal Arterial � �,,,,{ 6 6/7/2013 SCALE e .� Countywide Commercial e and Induatriai Areas � . uia uns crieoaa. o • c�.o,� � � O oao+..dm» O s�wnso.aoa�. • �w�u�acw�.�«.r 1 � C .os�e�oYRaorw y Z - a i _ � " _ _.� � � ...� .....�.�.r... 13 Your Role in tmplementing Functional Class for Economic Development • Balance road safety, capacity and predictability � • • Adopt and use standards to; � • Ensure street connectivity � & adequate supporting r road network; • Manage connections to higher order roads; • Use intersection & • interchange influence area • design ,4 7 6/7/2013 Functional Class MOBILITY VS A�CESS MANAGE ROADS BY FUNCTION �� _; L `- Wux Rxcentased �' � Rru� y t.liWaR� � � .e � d U��a� � � pnrtdpal Mter�si ' � � �' � �'�, � w �. td'awr Cvtenal (� � ..;' y d�` � _�-. Goextor .~ b . i . � , Lom1�.SVeets _ � � �4` C�� *u� � �`�. �� g �# � � t+" � � � E �;`' . . NoThruTrafnc .. MIOUIT,Mfic� towSpced � � �� NIg6 �5 Current Access Spacing Guidelines . . . .: ' • ' �� P�rN�a� �� o��;�itt�t�t� �F �.�: � c�c�a�' y'wcgGx �RT�ittA4 �,�lRYER�A1. � j '! �� r ..� -Not Permitted Private Determination Residential Not Permitted �urban�urban ��g Mile Based on Qther (g or iess shared reserve) Criteria ariveways) - i/4 Mile (rural) � ��i � i i f t ��> n : r � fotr�inerciat�,, !i�'�,� ��C� �i�� ,� ��i� 'r��,'6 ' ir > filile��;��a ��e��i�� , �r;veways or � Not ��nitted �ot �'�cri�it e � : � � �d5�d �n �r �_' _ � ��Rig}�tir�Right .� ��teRa � ,; , PriYate Street r � p � �Out � �j$ tVli�� ; � ,, ; � Y s � o >>�s r, � �� M�. m r. - Full Access at i�4 Mile Local Streets Not Permitted _ Right-In�Right- '�'$ Mile 7I$ Mile Out at t�8 Mile ai '�ti�� ' ..n � . �ilitl� c ' � {{ r � � s� It��i�^. ��VIh ��r�.�c� (}� � la �i+tl��i��.�r�f7'�"�!7i��i� :� � �i �: A tt�,+ �;. ` N ` ��PI �i fikr+� 'M � �' �YiE ; � �'i -� � �d�fettOr s�[e�t� � a� �� urbarM� � �iglrt,t,��S�F�t ��t� �� 14 M�� < Fu0 A�c�ss a�� _ ��.a � �+i�i� � AA r�� .� =� ,� � -�/4 Mile to � Mile -�/4 Mile tp t Mile MinorArterial i Mile Full Access t/z Mile to i Mile �urban) (urban) - ��z Mile to t Mile - �/z Mile to � Mile (rural) (rurai) $ 6/7/2013 Economic Development, Land Use and Transportation Plans Must Be Aligned QUESTIONS TO ANSWER; • Does your community's vision and comprehensive plan reflect the SCALE 50% employment goal? • Does your community's current comprehensive plan reflect its economic vision? • Does your community have a"vision" statement that reflects its economic vision in the zo3o Plan ? Economic Development, Land Use and Transportation Plans: Investment needed?? QUESTIONS TO ANSWER: Does your community have a Plan for public investments needed to support the SCALE 50% Goal? ■ Highway and supportive roads? ■ Public Sewer? ■ Stormwater? ■ Water System? ■ Parks and Trails? ■ Information systems? 9 II 6/7/2013 Phase � - Data Gathering Numbers of .)obs - Q2, zo�z Belle Plaine 1,843 291 2,134 Elko New Market 340 24 364 Jordan 1,164 438 1,602 New Prague (Scott County) 1,380 628 2,008 Prior Lake 2,478 �,765 *7,993 Savage 6,141 869 7,010 Shakopee 16,503 2,364 18,867 Scott County totals Z9,sa9 6, 379 *39 � 978 `includes 3,750 employees in leisure 8 hospitality category Source: www. ostivelyminnesota.com (Quarterly Census of Employment 8� Wages / Q2 2012) Phase i Data Gathering zo�2 County Jobs = 39,97$ jobs zo3o �obs Target = �8,00o i� The County needs to grow an additional �8.022 ��between zo�z and zo3o: 10 6R/2013 What does a new job mean to our community? • Generally, for every 1 high quality job added to a community, another 1.6 jobs are created elsewhere in the local economy • This job multiplier ranges by industry type. For industries common to Scott Co.: printing and publishing (1.7); fabricated metal products (2.2); wholesale trade (1.9) construction (1.6); nonmetallic mining (2.3)* "Source: US Bureau of Economic Analysis What does a new job mean to our community? • Assuming 100 high quality jobs are added to your community, with a median family size of 3.1 p/hh, the following are the economic benefits to the area**: • Spending on housing per year: $3.8 M • Spending on consumables per year =$3.3 M • Spending on transportation per year =$1.5 M • Spending on health care per year =$440,000 '* Source: City of Savage estimates, 2012 11 6/7/2013 What does a new job mean to our community? • GreaterMSP estimates that approximately 15 to 30% of employees are likely to reside in the local community when a new firm opens or relocates in the metropolitan area. • If all 100 employees purchased a median value home in the community ($230,000), the amount of taxes generated to city, county, school and special districts is estimated at $383,000** "' Source: City of Savage estimates, 2012 Why is it important to attract more jobs closer to home? Commute Time Minutes 28.8 28.1 Auto (alonel 82% 75% Carpool 7% 10% 1�1ass Trxnsit 2% 4% Work at Home 4% 4% Commute Less Than 15 min. 22% 28% Commute 15 to 29 min. 36% 36% Commute 30 to 44 min. 26% 19% Commute 45 to 59 min. 9% 7% Commute ereater than 60 min. 5% 8% Source: U.S. Census Bureau American Community Survey, 2007 - 2011 12 6/7/2013 Why is it important to attract more jobs closer to home? The average commute distance for a Scott County worker is 20 miles one way (40 miles roundtrip). Assuming this commute is taking place 5 days a week, in a standard fuel efficient car getting 20 miles a gallon, with today's average gas price, this commute is costing each worker: $205 monthly $2,460 annually This does not include parking fees, or general "wear and tear" of the vehicle County Road 42 — Prior Lake ren hs: I��I I Large, attradive Class I and II parcels with woods, hills, wetlands Nearby rooftops to support neighborhood commercial uses i Good access to broadband fiber service Weaknesses: Traffic volumes might not warrant commercial development yet Distance from 169 and absence of supportive road system Lack of immediate access to affordable high-speed internet 13 6/7/2013 County Road 42 — Prior Lake i � ; l � i � l � O�nortunitie�: Several intersections remain open and undeveloped Forecasted traffic volume growth on CR 42 TJ�reats• Uses and timing of development for parcels controlled by SMSC is not widely known Unwilling sellers at key intersection areas County Road 42 — Prior Lake ��, � �or Takeawavs: I Sites are likely to develop as neighborhood commercial and professional office uses This planned economic development corridor is in the right location given existine and planned infrastructure Overall MarketabilitX: � � � �� Any significant commercial development is in the distant future until traffic volumes increase Given distance from 169 or I-35, any large- scale office uses is unlikely 14 6/7/2013 TH 282 and TH 13 Intersection — Spring Lake r�rii� � � S�eneths: i � large, Class III parcels surround �� the intersection Within an Orderly Annexation Agreement area where public infrastrudure is already planned Traffic volumes on both roadways projected to increase Good access to broadband fiber service TH 282 and TH 13 Intersection — Spring Lake � i�ll f �� Weaknesses: Public sewer, water and storm water are not currently available Not enough existing or planned rooftops to support commercial retail development __ Wetlands in the area will make site development and access road planning difficult 15 6/7/2013 TH 282 and TH 13 Intersection — Spring Lake �� i � O000rtunitie�: "!I Future commercial development couid serve both Prior Lake and Jordan population Good site for logistical and warehousing uses given good east-west and north-south access R ' "' Potential site for planned industrial "home" for uses relocating out of downtowns or urban corridors needing outdoor storagespace TH 282 and TH 13 Intersection — Spring Lake � -��i I � FjI Th�ats: I I No public sewer and water to serve this area today Existing rural industrial uses may not be consistent with City's long- range vision for the area 16 � 6/7/2013 TH 282 and TH 13 Intersection — Spring Lake � � �' I ' d` i 11�1�jor Takeawavs � SCALE should explore feasibility of establishing a planned rurai industrial business park (where outdoor storage is planned) — perhaps as a place to relocate expansive, outdoor storage uses �I - along urban highway corridors or downtown districts. Economic Development, Land Use and Transportation Plans Must Be Aligned QUESTIONS TO ANSWER BY PARTICIPANTS: What is the current percent of C�I land in Prior Lake? Answer? �. z% 2• 5� 3. �o/ 17 6/7/2013 Economic Development, Land Use and Transportation Plans Must Be Aligned QUESTIONS TO ANSWER BY PARTICIPANTS: What is the proposed future percent of C/I land in Prior Lake? Answer? �. 5% 2. 10% 3. �5% Economic Development, Land Use and Transportation Plans Must Be Aligned QUESTIONS TO ANSWER BY PARTICIPANTS: How many C/I acres (%) are uronosed to be added between zoo5 and zo3o? Answer? �. 45o acres z. 75o acres 3. �,z5o acres 18 6/7/2013 Economic Development, Land Use and Transportation Plans Must Be Aligned QUESTIONS TO ANSWER: • How can Prior Lake achieve these goals for C/I growth, or • Does the City need to re-evaluate them due to the changing economy? Dean Lakes Project Cost Overview ❑ Land purchase price = $11m ❑ 273 acres gross land area =$.93/sf ❑ 176 acres net land area for development =$1.43/sf � ANQERSON 3s Comprehensive Buildinq S Development Services KMCOMPANIES _ �._., . , , 19 6/7/2013 Dean Lakes Project Cost ■ Pursuit Cost = $1,000,000 ■ County Road 83/16 assessment = $3,800,000 ■ Interior public improvements (road, water, sewer) _ $4,200,000 ■ Soil importing & grading = $4,000,000 ■ Conservation restoration = $1,000,000 � ANDERS�N 39 Comprehensive Buildinq 6 Development 5ervices KMCOMPANIES . , ...,, �_. . , _- .,..- Dea n La kes P ro j ect Costs — City Fees ■ Park dedication fee = $1,400,000 ■ Stormwater fee = $2,100,000 ■ $1,200,000 in regional ponding fee ■ $900,000 in trunk assessments fee ■ Grading fee - $100,000 � � ANDERSON 4o Comprehensive Buildlnq & Development Serviees KMCOMPANIES � .. ,,._- . ,. .. ,. ,,.,,. 2� 6/7/2013 Dean Lakes — City Fees (Cont'd) ■ Public improvement fee = $650,000 ■ Sanitary trunk fee = $370,000 ' ■ SPUC service fee = $425,000 � ANDERSON q� Comprehensive Bwldinq 6 Development Services KMC�MPANIES � , .., r ._ �� . � .,.�. �� Total Project Cost ■ Land $11,000,000 ■ Improvements $14,000,000 ■ City fees $ 5,045,000 Tota I $30,045,000 � � ANDERSON a2 Comprehensive Buildinq & Development Services KM COMPANIES 21 6/7/2013 Revised Analysis ■ Residential Market Value ■ Sale to Ryland ■ 295 units @ $25,500/unit = $7,522,500 ■44 acres retail land @ $5.50/sf = $10,550,000 ■ 90 acres business park land @($2.25-2.50) $2.35 = $9,200,000 Total project value =$27,272,500 (below project cost) ,"' ANDERSON q3 Comprehensive Buildinq S Development Services KM COMPANIES � . .. . Ph . . .... . . . . . ... � €�; �� ,,, �t � �,_. _ a+r. �es . c _ __ =- - �� /`' � 4 �.. ` a,�„y. 4 . " '. M v i �. , , ..^' �.M � �r � r � '�� N� � ; � Yq ..� : ,� �✓ .: , �, . . �� .�,/ �' ,_� ,� €-� a��_ '� ` , � �, ,.__ . , . ' s� ir�o�anoN . ti � � �, � � _ M�C. Kf11L 1JIL. M61ESbIN( � ' QK. MSiOEMfYi. � � '�� . NK.CdlGWTIONMG .. . — ... �. �'\ 170A00f.R PENX ..: � .��*�•. ,,,.,` �`'., • . t.7MLLE lIRW:55R1M � ", , f M .� . MNOtKY61Bi71 � : �1� � li' ANDERSON qq Comprehensive Building & Development Serviees KMCOMPANIES � <<. .� �;.�_, ,:,..,:t.:.. , ,,<. ,_ E , 22 6/7/2013 First Stop Shop ,f��y� � �� M � ,+F �P � �� M.iMM.t 'a,v., - a.r 3 Ge�en�� ', � �"'�' 1� 9dBii1�7 W Wn � � � A Q� S �.,� � � � ww..� � n:sc�u November 2012 — CR 21: Morning rush hour cars waitin to et onto H 169 NB ��12Mlnn°sUal?apa+tmentofTransFartation 9 9 � 395 Jdm iro/and &vd, St Paul, MM 55/55-1899 651:28&84�Q ToN-hee 80Q:��L7174 �'S aP April 10, 2013 co� SHOP qs What is the First Stop Shop? • An economic development resource created by SCALE to assist the cities and townships of Scott County. • Inward-Facing Data and Service Center o Assist cities, townships, & county to address the needs of businesses o FSS Customers = Cities, Townships and Scott County o UNBIASED Resource � FIRST STOP cne SHOP 46 23 6/7/2013 .1ob Goa1s Recap zo�z County Jobs = 39,97$ jobs Zo3o Jobs Target = �8.00o jobs. The County needs to grow an additional �8•�02Z �OI�S between Zo�z and zo3o: Over �8 years = approximately 2 112 NET .1065 per year FIRST' �, STOP CDA '$��p 47 2011 - zo�2 Jobs Comparison Belle Plaine 2,105 2,134 1.4% Elko New Market 335 364 8.7� Jordan 1,553 1,602 3•2� New Prague (scott county) 2,073 2,008 -3.1� Prior Lake *7,857 *7,993 1.7% Savage 6,786 7,010 3.3� Shakopee 19,320 18,867 -2.39�0 Scott County totals *40�029 *39�978 -0.13% 'includes 3,682 (2011) and 3,750 (2012) employees in leisure & hospitality category Source: �ww.po tiv lyminne�ota com (Quarterly Census of Employment & Wages I Q2 2017 8 2012) •• � FIRST . . . . � • • ' ' � • • � • . STOP eaA ' SHOP 24 6/7/2013 I What Needs to Be Done? • Add U� jobs and decrease skills gap • Increase the percentage of residents employed within the County • Retain our current jobs and businesses — Business Retention & Expansion (BRE) • In 2011 — 77 .3� of our job growth in Scott �ounty came from business expansions • Must ensure sustainability for our current and future businesses FIRST � STOP CDA '$HQ� 49 How can FSS help? ��4f �� ti �.) ...�h�78� �a.-�� '� �""��;.�- 1 �.C4 4'�� ,. : � `k` �,� �''�. � � ]� ` .9. .A � �.,� _ � _ � n a. '� °� ° �„ '�".qh� � �r o ,7� —� �� '; '�'jw�".r � v'.; �! 5�_Yp a r=.�� rv��"`� r, r� �i�i;�iii') � ,�' '� 4�� 'tat�o�l �Q� �� ` �� r , ' Q�`Bt�e��tp �+rt�o��ii�on�ntet� �� r � . � ' ¢� �Ce�qT �o�� C�Iqr�pi�q �t�t��'P��r�7 �� i�yeg '`�, ' � #�° r ; � �, J rv i � °' , i � � § � � , "�'` x ( r �� l��f V' � �� U�,,�il�`�s (�it","u�s` �$Htjt, � ,* � ,► _ : ��d��.3w� �� fQ . A T16xi. �tt � ` �� E� �� : I -��'' -- ---- ^---- -------� ._-----_ ___.___ ------- --------- ------- • 24J7 Promol)on of the commurnhes and availab[e properties in sct�tr cou�r, �� : -� +€7rie stop c�ccess to dvaiCak�[� �rQpertie;s with 9n!$ra�N�re nc��pp«g �� r ��trt�l relafed ie�F4rmalion Crnnpiletl fram vanouS ��cations I = Connections{�inks to Taca( and state rescwrces ` • Conduit to a� extensive neiwork of resources • Prtivide bu�in�ss develpprrient trpining �Rd custom�r seMice • assistance r + Evaluate and streamline processes to make it easier to do business ' in Scott County � FIRST , S'fOP cne ' SHOP so 25 6/7/2013 Network of Partners / Resources � � � .•�: � •.- . �• -� � � •�� • � � � � � FIRST � STOP con SHQP F55 Progress to Date . .. . .. , �. , . �reate��t�9t�t�f�+nta�t��n ��i�gs�� '�" r�� b�td��sr � � � ��1+(Sfi�, � �rs; �? ��ao��s ip A� u , tnany �fh�r�� , �� IL��! �l� �� '�� €�,,�� i��i�,"u��ii�li�r� �� =�a,.��, ��a�� : � x"i�IH�Ii�� N�wr�r.,.oa,, , I„��ma�.r � i`'� i� :�:-� „�. �� ', � ,� um� �.�;i.�-� . . II�Yhr Create and utilize information Sharepoint document sharing w�;cities; Data collection and management system development of both an.int�Ln�l and Qxte[n�l site`in (DATA & DATABASE) progress; Moving forward with Salesforce (potential collaboration with DEED and Greater MSP) i:�' �{ i �." �� ` +" ai (� i � a i� �� "id l� �° h w9 Ce � r P ��' � �`�iP'1� u�'�� L ��'�h'I� i `��p� �� N �r�°. S�e� G�I��tt` ' �y a�� +.." � r � ,�fir' '�a � �'' th� ( ;i, n r;��u� .. e �y „�: �(�.,/1��'E�t��+��Y,�T �tE 45 t°�n�� L'�� . �`��_.�� ``� .�'�`-•`- x � �,,e.,. .,..� .�.. _ _.._ .�, _ — Preparation of reports, Involvement with 7 projects; Proposal template for the City proposals & marketing r of Shakopee; Two direct Scott County leads & contact with materials for communities some businesses directly (STAFF EXTENSION) � FIRST : - � • `� � • •- • -� - � • • �. •� , STOP � . • • • • . . . • • . � CDA $HOP 26 6/7/2013 How can you help? • Be patient as the FSS develops • Use the tools and resources the FSS offers • Help facilitate building the FSS network • Provide information and data when requested • Keep the FSS informed regarding all pursuits in your community __ _ ._. _ _ _. , ,�,� j� FIRST , STOP '" con ' SHOP Contact Information Stacy Crakes Business Development Manager 952.496.86i3 scrakesCa�scottfss•or� www.scottfss.org Current Office Location: Future Office Location: Scott County Government Center Marshall Road Transit Station zoo 4tn Avenue West SW corner Marshall Rd & Hwy �69 Shakopee, MN Shakopee, MN (Anticipate move in September Zoi3) FIRST �� STOP cnA 'SHOP Sa 27 6/7/2013 Collaborative Roles for Economic Development cities ■ Economic Development lead • Buildings and Sites • Local marketing and business retention • Local Decision-making First Sto�ShQ� • Tools, database and City staff extension for business development • Marketing Link to Metropolitan Region Coun ■ Resource Provider • Infrastructure (Transportation, Fiber backbone, Transit, WMO) • Knowledge and Staff (Work Force Center) ■ Collaboration with Cities, Townships and SMSC Getting Ready for Economic Development • Managing the Process: � Establish your community's key contact/first stop for economic development opportunities. • Be Clear About Roles at Each Stage: � Mayor and City Council • Planning Commission • Economic Development Authority • County Partner�SCALE First Stop Shop • Staff • Consultants • Apply the Principles and Processes that You Have Put in Place • Build Positive Public Sector "Culture": 28 6/7/2013 Getting Ready for Econom�c Development • A key principle is to be prepared for economic development opportunities: • Economic Development; • Make sure that infrastructure is, or will be extended in a timely way, available to the areas that you have guided for Job development. • Define City Role in Development Process • Make decisions regarding the types and amounts of Incentives your community is willing to provide in the appropriate circumstances. • Put in place policies that • a) provide criteria for giving assistance for economic development projects and • b) define the process for approval of local assistance Getting Ready for Economic Development • A key principle is to be prepared for economic development opportunities: City Role in Economic Development leadership- Recession Realities • O i n A: • Let Private Sector do it- wait and see • Developers have disappeared • Private financing for development infrastructure limited • Time frame is major issue for business location decisions • O i n B: • Proactive Role - determine appropriate risk/reward • Range of options with tools/partners available • Examples from other communities 29 6/7/2013 Getting Ready for Economic Development • A key principle is to be prepared for economic development opportunities: City Role in Economic Development - tools • Chapter ��429" assessments �, • Land "Assembly" , • Utility trunk fund strategies • Tax Increment Financing Including Re Development • Tax abatements • Stormwater area planning • Fiber access-- leadership options 429 Street Assessments and Economic Development City of Savage conducting feasibility study to extend 130t" Street (along with sewer and water) to the edge of Beckhoff property and assess back costs to property owner over time. - Street extension will open up to four new C/I "pad-ready "sites on this landlocked parcel - Costs will be deferred up to 5 years or until the time of pad development - 15-year bond; $750,000 in estimated design and construction costs for road, sewer, water - City expecting Beckhoff building to be a magnet for development in this planned C/I corridor �,�� .:�� ' n� �,.:s�' �` ° 30 6/7/2013 429 Street Assessments and Economic Development �� f� a; � �, � , � � '�G, �� ' � .� � �*� � Ra � � � � ; �� ,. - �: ,�rr Strategy Development Discussion • How can the city best assist getting more Class I Pad-Ready sites available for commercial and industrial development? 6z 31 6/7/2013 Strategy Development Discussion • How can the development moratorium along CSAH 4z help achieve a positive outcome for Prior Lake's future development opportunities? 63 Strategy Development Discussion CSAH 4z Study Area — East Side ex 1 1 A-Papet � 0 i i O � i arr. . t� t n� aln ae:: � kid k � �o�w Prior Ukr 32 6/7/2013 Strategy Development Discussion CSAH 4z Study Area - West Side � BXHIBIT A:- Page 2 T��}qLN TIMAGR U I � � � i 1 2 E S Can erbury Road Go Rd 21 "� ��j;� McKenna Rd �3 Y�,�� N - �Illilj�i� � '�. GENE � :. � - gty_Etoed_A2 , "�� k �' Fou� W ils Dr � , tf ' �, � ��RC.21 � ' �- ,... Jeffers Pond . . � � - � ` Existing Population/ Households , � y � , �' . � � "`� ` _ � � � � Pop. S. HH S. "`\ Pon of River H H of River �' �� _� �� Dovmtown Pl 71,530 71,530 24,506 24,506 2� Savage Ccossings114,436 91,A61 42,580 33,118 ,�, � �- w `� = Southbridge 127,663 83,972 47,971 29,343 Dean Lakes 99.123 62,362 35,592 21,'174 �..�" " �� " �` Marechall Rd 70,184 45,304 24,482 15,426 \ --- --- ��l" ' Hwy 42/Hwy 21 88,688 82,433 37,286 28,775 � Y �,� II�an akes � ,�;� �� g ,� >�' J" �jM�rsehall Rd � '' � 3 �� _ 1 ��" , � ( ,, ' " 8a � age � � � �� ' ,(cr�sfng z i �, � � � �IN!y d2/Hwy Zi ` _---�- ` -`` �� --° � � � x _ { � ti T � ., �__ ��_t :� � . `1 _ ¢ �� ,Ddv✓ntow�'ii �_ . �( � � �'� � ° P or Lske' `��,- -�'�� ; � �` �= 2010 Population and � � �` Househoid �� ' � � '� �= ` ; � ��, within 5-Mile Radius � y ��' ( � � ��_ -.� � of Commercial Centers � ( , � ' "��' ' ~_, Source: US Census LEHD, Met Coundl � F �`-:�.. " � ' - -1 , t u � '� � 33 6/7/2013 Existing Employment/Building Sq Ft �; �, r�.: � �� r - �� : � ._ �� , �. _. _ � ��F m .. � : 9outhbridge j '�� .'�r° EmobvmeM - .,,m �' Dean Lakes �� Rewii: s75 � �, ' t� .� � � µ ` Em�ovment _ � Non-Retai1.1.089 - � .. ' � � Retail: 920 � ' n -� Totei: 1,964 ' �st, - � �� Marschall Rd "z , � '' Non-Retai1:6,371 '� 2 ' 1 �� _ r � � �, , Comm BuiM�rw Soace y Total 7,291 Emolo ment � Camm BwWma Sosce Approx. 547 811 Sq Ft. � ,_ �, Retail: 549 ' . � " NOn•RBtBiI: 836 �i . APPra<.4W.762 Sq Ft , -,.. k ^� �� .. � �Y � � .. _. Tolal: 1,185 , �. - �� 1 - �"""t t .-.- ` y �� Comm BuiMi�a Soace + � �� ir t ! r :�a� `� ' �-�'+ �� Approx. 091.57t bq. F[ � o . - ,�`�j., j ` �" ' � -� � �-� � � ; .. t" , -t � Z.. : ,.. . � : � , . _ _, � � . � -,- ....< < � � �.. :. ' rm � Y � {� i . {� � �"�"� �._. a, �-' nv -_ , �:_ � ,, , L lti � .�t.. �� . � 7 , „ c , . ? a , .. �-� ,.. , r. ��... i .., ., ,i �R , 3 { .� ' . y ... /J � ...J ..., ~_(� �, . . � �, .. �+ �` 7` . .- �� . . c � ,' y r . s '�..,� � . sa= :�.�. -. �„�, "`�,. l � ... .s4 '-a+lx '� `"; . �� . r '� ��k e ' � � � � °� Downtown �� _� Y, �� i � � �{ � �� c SavageCrossings � Prior Lake r » :- Emoio ment � � Emolovment Y � n 1 i �"' �; � , t="° - Retaii: 998 . Retail: `�4 � ' ` �._r �. zw r�' Noo-Retail:1,�96 �` �i �� Noo-Retail: 87t x � �� Total: 1.740 ' r Fotal: 1,869 : , , ' . , ,;-"� ' � 'C. � ? � g +. Comm Bwldma Boace ` -° - �� C�mm BtiMina �ce � �,a�� `" �� Approx. 309,352 Sq Ft ,.. . ' Approx 673,593 Sq. Ft. mu � §;' " / t P ', '-. , ' � �� --• � � w � �, , ° I �` . �. __ � '�� 201Q Employment by Commercial Ce�ter i Y�, ��' �� p � ; � Source: US Census LEHD, Met Council, Scofl Co. Taxatlon r s�-� r � � �� '�" Strategy Development Discussion • Should the city refocus its attention to development opportunities along the CSAH z� corridor now that it connects Prior Lake to Highway �69 and Interstate 35' 68 34 . 1 . ' • � • � / • • � ' . ' . • • - ' • ' • . � � � i • � ��- • �' • . • ' � �' � . • � '. • �' ' • � - • � • • � • . � • ' • • � ' . • � ". - � zk�,� ;� � ' � �. " � �.�r—� _ � s�� ° a��` �`r � .r. � � . � � .� �_ q � y �� _ ��' �"' ��u� r L�t � �" i' d^. � ��. 69ki�`� i�'��.SeL'2:'�W5'u' XK�� ; � .. kS➢1 �°"('�`' � �°e�' . � ' bwK�'Jl�� ,f .:-'S � f ��Y'"S s: r - •. ' + �� 7 t , �� ` /i � ' —� s t�.§l3� M ..:'�'�'ffilj HiriM� � d , �a'"� .. - v,.�o�+t; a s+M'� ,.a SdL1 attad a � � .. '�" �. � . r � _� � �..-.�� . � � ,{� �"'�,,,�� . �� }_ +--;'�� '�: �� : _ %� � � - � � �� 1 ' �; 1��.. `�"E � n ••,,,y��,.:c y . ,.� . �* �,°,� � .- � � "�RRF � c �r � 3 , � � � ��. a f. $'�,,, -.. � �t� � �, ` '�r�►, ��. � �, a: � � � "` � s �. a� °� ,car� '+y , • ' . �'.' �� , ..rw + � � ti' �" '� T � ' a�a� a � � ;'`� l t x � � Sia _ a.. _ ';.' � a �" "� �' e.. �!a�a drt iiy��''�:' ti� � �; �'. . � :� �.,sn � } �,`: � � s : � � ' { . .-p � �� '� -A, e� � j �+.,, � t c 5R � ' " °" .. `" �� , �. €k . ` .... __� . ' -• � _ .". ..--- '- f � " . `�.. .�,�+�''� 6/7/2013 Strategy Development Discussion • How important is a community-wide fiber network system to Prior Lake's future economic development achievements? �, �w . , � � . , � �, �� .�� ,. �_;. � �. � � � � z - = ., �:,; � r* �� r� � �� 4 d � c��,ss�on �. � � r � � �- �k l �r�. � �° +" •;� � � � � � ��' -�� ' � ��Qrl r� �' � �, � �� ,. � � � �., � � � � �� r'�;'� `� °� �,�. � � , � 4, *�. o�� . �. , = p � t�q -" ' _ o- . . � ( �� '� � 9�'�. r ,I�""°�� 36