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HomeMy WebLinkAboutAugust 16, 1999$O PRIOR LAKE ECONOMIC DEVELOPMENT AUTHORITY MEETING Monday, August 16, 1999 5:30 p,m. Fire Station City Council Chambers Call to Order and Pledge of Allegiance. Those present were President Barsness, Commissioners Kedrowski, Jader and Schenck, Executive Director Boyles, City Attorney Pace, Planning Director Rye, Assistant City Manager Woodson and Recording Secretary Meyer. Commissioner Underferth was absent. Approval of July 19, 1999 Meeting Minutes: MOTION BY SCHENCK, SECOND BY JADER, TO APPROVE THE JULY 19, 1999 MEETING MINUTES. VOTE: Ayes by Barsness, Jader and Schenck, the motion carried. CONSENT AGENDA: Consider Approval of Payment of Invoices MOTION BY SCHENCK, SECOND BY JADER, TO APPROVE PAYMENT OF INVOICES. VOTE: Ayes by Barsness, Jader and Schenck, the motion carried. PRESENTATIONS: None. PUBLIC HEARINGS: None. OLD BUSINESS: Review Business and Expansion Strategies Survey. BOYLES: Reviewed the agenda item in connection with the staff report, together with the action and input requested by staff, including the survey itself, proposed cover letter, and overall timeline. $¢HENCK: Asked if on the survey, it was necessary to provide specific directions to the interviewer, and also asked how the survey would be tabulated. Also commented that a subcommittee for tabulating survey results may be appropriate. BOYLES: Clarified that the survey as submitted is intended to be a "cheat sheet" for the interviewer. Also commented that a subcommittee is the direction that staff is looking for. Discussion occurred regarding extending the timeline for one week and to discuss the item at the October meeting. Commissioner JADER suggested several modifications to the cover letter, and the Commissioners agreed. The survey will be sent out on August 17, 1999. 16200 Eagle Creek Ave. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245 AN EQUAL OPPORTUNITY EMPLOYER Economic Development Authority Meeting Minutes August 16, 1999 MOTION BY SCHENCK, SECOND BY JADER, TO APPROVE THE AMENDED. VOTE: Ayes by Barsness, Kedrowski, Jader and Schenck, the motion carried. SURVEY PACKET AS Discuss EDA Levy. BOYLES: Discussed the revised proposed budget and its affect on the EDA's levy recommendation to the City Council. Advised that the difference was the promotional dollars for EDA projects, and an HRA levy. Advised that all operating expenses fall under the General Fund budget and the EDA levy would be devoted to establishment of a Revolving Loan Fund as well as land acquisition. Further advised that after discussing the Downtown Redevelopment with the consultant from Hoisington Koegler, he believed that a levy was important at this time or the EDA will have no fund established in December 1999 when the Downtown Redevelopment Plan is finished, and no funds will be available even in a limit amount until 2001. Further noted that there is an overall reduction in the City's portion of property taxes projected at 4%. With the EDA levy that projected reduction in the City portion becomes approximately 1%. Also discussed the funding options available through TIF districts. SCHENCK: Suggested itemizing on the Truth-in-Taxation statement that the EDA levy be described as the Downtown Redevelopment Levy. BOYLES: Clarified that the Truth-in-Taxation is required to be in a specific format, but that there are other methods by which the City can get the word out. KEDROWSKI: Suggested that it be clear to the public that the EDA is recommending the levy, but that it is subject to approval by the City Council. Also suggested an information sheet be attached to the proposed budget in terms of how the money will be used when presented to the City Council. PACE: Noted that the authority to recommend the levy is authorized by statute under 469.033, but that the City Council must approve the levy. JADER: Questioned what would happen to the funds collected if the project did not go.forward. BOYLES: Clarified that the final levy is subject to revision up to the date the Council authorizes the property tax levy, which is in December. Noted that the levy can not increase, but based on the results of the Downtown Redevelopment Report, the levy amount may be reduced, even to zero, prior to final adoption. BARSNESS: Commented that it is clear from the Community Survey that the public is willing to contribute and participate in improving the Downtown area. In the whole perspective, this is a relatively small amount of money. If the EDA doesn't take some action to generate some dollars, the viability of the project will be significantly decreased. MOTION BY KEDROWSKI, SECOND BY SCHENCK, TO APPROVE RECOMMENDATION TO THE CITY COUNCIL. VOTE: Ayes by Barsness, Kedrowski, Jader and Schenck, the motion carried. THE LEVY I:~DVBODYS\EDA\MINUTES\99\081699.DOC 2 Economic Development Authority Meeting Minutes August 16, 1999 NEW BUSINESS: NONE. OTHER BUSINESS: Review 1999 EDA Goals and Objectives BOYLES: Acknowledged that Don Rye had very nicely re-organized the EDA goals and objectives to be more specific to the goals of the EDA. Also reviewed the current attainable objectives and projects of the EDA. $CHENCK: Asked for clarification that the Deerfield property identified is the commercial portion. BOYLES: Confirmed and noted the change. KEDROWSKI: Advised that the results of the Community Survey indicate that residents want to maintain a small town feel. Thought it appropriate to identify and define some of the EDA's goals and objectives within that context. Promotion of a small town identity is also a good sales tool and something people should know about as the City proceeds with addressing its goals and the redevelopment of Downtown. Suggested incorporating such language into the EDA's vision statement and/or goals. President BARSNESS brought up the issues surrounding Priordale Mall. KEDROWSKI: Commented that the recent news article did not reflect that the City has attempted to work with Mr. Boderman in coming to some concept for the redevelopment of Priordale Mall. The initiative is really in the hands of Mr. Boderman as the single owner of the property. BARSNESS: Suggested staff make the discussed revisions and that we revisit this issue. Asked Roger Guenette for an update of the 4.17 acre parcel in the industrial park. RYE: Advised that the contract has been let for the wetland mitigation. GUENETTE: Noted that we will continue to look for a prospective buyer, but that progress is really stalled until the wetland mitigation is complete. The site would allow for approximately a 40,000-50,000 sq. ft. building maximum, even though the ordinance allows up to 90,000. The parcel is not really accessible to split due to its configuration. The only other marketing methods would probably be publications, but they are rather expensive. For projects of this size, prospects will come to you when they are ready, if your site isn't ready, they will go someplace else. The asking price is currently $2.00/sq. ft. plus the costs for the soil correction, even though we are reserving specifics at this time until a project is identified. BOYLES: Suggested having Commissioners advise current business owners of the property availability during their survey interviews. Commissioners concurred. GUENETTE: Discussed the EDA levy in connection with the Downtown redevelopment and that it will be necessary to obtain some substantial private investment. The hardest part will come after the I:~,DVBODYS\EDA\MIN UTES\99\081699. DOC 3 Economic Development Authority Meeting Minutes August 16, 1999 Downtown Redevelopment plan is complete. SCHENCK: Suggested recontacting Scott-Rice Telephone for the 4.17 acre site. Also asked if the post office would be a prospect. (~UENETTE: We have contacted the post office about the site, but have not heard back. Also noted that the post office is not in any hurry to find a site. BOYLES: Commented that his understanding was that in determining a site, retail was a primary concern and the 4.17 acre site probably is not conducive to their objectives. $CHENCK: Asked if the City should consider building for specifications at the 4.17 acres site. GUENETTE: That concept is not out of the question, but probably not a direction the EDA wants to take given the other projects already in progress. September 14, 1999 Downtown Redevelopment Workshop. BOYLES: Advised that the next Workshop is scheduled for September 14, 1999 at 7pm at the Fire Station Council Chambers. KEDROWSKI: Suggested including a notice in the survey packets being mailed. ANNOUNCEMENTS: NONE. Upon a motion and second, the meeting adjourned at 6:56 p.m. Recording Sect hV~DVBODYS\E DA\MI N UTES\99\081699. DOC 4