HomeMy WebLinkAbout12 16 2013 EDA Report 7A
4646 Dakota Street SE
Prior Lake, MN 55372
ECONOMIC DEVELOPMENT AUTHORITY AGENDA REPORT
MEETING DATE: December 16, 2013
AGENDA #: 7A
PREPARED BY: Dan Rogness, Community & Economic Development Director
AGENDA ITEM: ANNAUL REPORT TO THE CITY COUNCIL
DISCUSSION: Introduction
The purpose of this agenda item is to discuss its annual report to the City Council
for 2013.
History
The EDA’s Bylaws, Section 8.4, states that, “Annually, or as may be required by City
Council, at a time and in a form fixed by the City Council, the EDA shall make a
written report to the City Council giving a detailed account of its activities and of its
receipts and expenditures during the preceding calendar year”. Staff is recommend-
ing that this written report be submitted to the council in January or February of
2014.
Current Circumstances
The EDA provided the City Council a list of three accomplishments for 2013 at the
th
November 25 Work Session. The EDA reviewed a longer list at its November
th
18 meeting (Attachment #1), but then narrowed that down to the required top
three for 2013.
Conclusion
Although an annual report was not prepared for 2012, staff did compile a list of EDA
activities during 2012 (Attachment #2). Staff would like to develop a consistent an-
nual report format for 2013 and beyond. Therefore, two examples are included of
annual reports on economic development. One is from Lakeville, which has more
visually appealing pages or slides that summarize various aspects of annual devel-
opment activity (Attachment #3). Another is from Newport, which includes a more
general narrative report format.
ISSUES: The EDA may want to consolidate the annual reporting requirements now required
in the city’s new Local Business Incentives Policy with the EDA Annual Report. The
incentives policy requires that the report list anyone receiving a local business in-
centive during the previous calendar year ($5,001+).
FINANCIAL Staff time and costs incurred with completing the report.
IMPACT:
ALTERNATIVES: 1. Motion and second to direct staff to return with a draft 2013 Annual Report
to the EDA on January 21, 2014 including EDA direction for content and
format.
2. Motion and second to table this matter.
RECOMMENDED Staff recommends Alternative #1
MOTION:
ATTACHMENTS: 1. Draft and Final Lists of 2013 Accomplishments
2. 2013 Prior Lake EDA Activity Summary
3. Lakeville 2012 Economic Development Annual Report
4. Newport EDA 2012 Annual Report
2