HomeMy WebLinkAbout10 20 2014 EDA Report 8CPRIp\
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4646 Dakota Street SE
Prior Lake, MN 55372
ECONOMIC DEVELOPMENT AUTHORITY AGENDA REPORT
MEETING DATE: October 20, 2014
AGENDA #: 8C
PREPARED BY: Dan Rogness, Community & Economic Development Director
AGENDA ITEM: 2014 ACCOMPLISHMENTS AND 2015 GOALS
DISCUSSION: Introduction
The purpose of this agenda item is to approve the top three 2014 accomplish-
ments and 2015 goals.
History
Each year in November, a City Council Work Session is devoted to a review of all
annual past accomplishments and future goals by the city's boards and commis-
sions. This year, that meeting will be held on Monday, November 24; therefore,
the EDA is being asked to review its list in October.
Current Circumstances
Attachment 1 shows the three 2013 accomplishements and three 2014 goals that
were presented to the City Council last year.
Staff is proposing the following three 2014 accomplishments:
1. Initiated a downtown parking analysis, including a successful matching
grant award from the Scott County CDA.
2. Supported the first successful business launch from Technology Village
with ICP moving into privately leased office space as part of Phase 11.
3. Supported acquisition of downtown parcel to land -bank for future redevel-
opment opportunity, using existing TIF fund balance.
Staff is proposing the following three 2015 goals:
1. Provide a lead role in locally implementing SCALE's Customer Service
Strategy Plan, coordinated through the First Stop Shop.
2. Support Phase 11.2 of the Technology Village Business Plan to increase
business use in City Hall and in other office locations.
3. Evaluate implementation steps necessary to support conclusions provided
in the Downtown Parking Analysis.
ISSUES: The EDA's Business Plan includes six strategy areas, including broadband, Tech-
nology Village, targeted development areas, city codes/fees, marketing and
costomer centric culture. The proposed 2015 goals help achieve accomplish-
ments in many of these areas.
FINANCIAL The EDA's investments help grow jobs, businesses and tax base in Prior Lake as
IMPACT: key outcomes for local economic development.
ALTERNATIVES: 1. Motion and a second to approve staff's proposed list of top EDA 2014 ac-
complishments and 2015 goals, as may be further amended by the EDA.
2. Motion and a second to table action and request staff to provide additional
information.
RECOMMENDED Alternative #1
MOTION:
ATTACHMENTS: 1. 2013 Accomplishments and 2014 Goals