HomeMy WebLinkAbout10 24 2013 EDAC rept 5a
4646 Dakota Street SE
Prior Lake, MN 55372
ECONOMIC DEVELOPMENT ADVISORY COMMITTEE REPORT
MEETING DATE: October 24, 2013
AGENDA #: 5.a.
PREPARED BY: Casey McCabe, Community Development Specialist
AGENDA ITEM: EDA UPDATES
DISCUSSION: Introduction
The EDA held its regular scheduled meeting on Monday, October 21, 2013. The EDA discussed
the following items on their agenda.
Business Retention & Expansion Survey Results
Third Quarter Financial Report
EDAC and Technology Village Appointments
Appoint EDA Member to be on the Technology Village Board of Directors
South Downtown Study Options Recommendation to the City Council
History
Business Retention & Expansion Survey Results
The EDA reviewed, discussed and accepted the BR&E survey report. The EDA discussed
opportunities for better communication from the city to the business community to promote ef-
forts of the city to address some of the concerns expressed in the surveys. The EDA approved
a motion to direct staff to work with the EDAC to develop a communication plan to promote the
business growth and positive steps taken by the City of Prior Lake.
Third Quarter Financial Report
The EDA accepted the September 30, 2013 Financial Report as submitted by the EDA Treas-
urer. Staff provided a preliminary summary financial report as of September 30, 2013 for the
Economic Development Authority Special Revenue Fund. The report reflects revenue and ex-
penditure activity for the first nine months of 2013.
EDAC and Technology Village Appointments
The EDA appointed three people to the EDAC and recommend the City Council appoint two
people to the Technology Village Board of Directors.
The EDA appointed the following members to the EDAC:
Gary Brauch
Jim Mahoney
Annie Sheehan-Kerber
The EDA recommended appointment of the following two applicants to Technology Village:
David Rech
Kris Pauna
All of these appointments begin November 1, 2013 and end October 31, 2016.
Appoint EDA Member to be on the Technology Village Board of Directors
The Technology Village Bylaws require that at least one EDA member be seated on the Tech-
nology Village Board of Directors. The EDA seat on the board was vacated when Bob Morris
resigned from the EDA and Technology Village board. The EDA appointed Rick Bump to serve
on the board.
South Downtown Study Options Recommendation to the City Council
The city council asked the EDA to review the downtown south traffic study and make a recom-
mendation to the city council to support an alignment for south downtown roadways to enhance
economic development in the short and long term. The EDA had a long discussion about the
downtown south study and ultimately recommended concept 6 as the preferred alignment.
Conclusion
Updates of EDA activity related to the above listed topics will be presented to the EDAC during the
October 24, 2013 meeting.
ISSUES: Update only.
FINANCIAL None.
IMPACT:
ALTERNATIVES: Update only.
RECOMMENDED Update only.
MOTION:
2