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HomeMy WebLinkAbout07 20 2015 EDA Minutes FINAL Phone 952.447.9800 / Fax 952.447.4245 / www.cityofpriorlake.com 4646 Dakota Street SE Prior Lake, MN 55372 Economic Development Authority Meeting Minutes July 20, 2015 1. CALL TO ORDER President Hedberg called the meeting to order at 4:00 p.m. Present were Commissioners Hedberg, Keeney and Choudek. Also present were Executive Director Boyles, Community & Economic Development Director Rogness and Community Development Specialist McCabe. Others present included Lloyd Erbaugh representing the Economic Development Advisory Committee (EDAC). 2. APPROVAL OF AGENDA MOTION BY CHOUDEK, SECONDED BY KEENEY TO APPROVE THE AGENDA WITH THE TOPIC OF A JOINT EDAC MEETING ADDED AS 9.A UNDER OTHER BUSINESS. VOTE: Ayes by Hedberg, Keeney and Choudek. The motion carried. 3. APPROVAL OF MEETING MINUTES MOTION BY CHOUDEK, SECONDED BY KEENEY TO APPROVE THE JUNE 15, 2015 MEETING MINUTES. Ayes by Hedberg, Keeney and Choudek. The motion carried. 4. CONSENT AGENDA No items were on the Consent Agenda 5. REMOVED CONSENT AGENDA ITEMS No items were removed from the Consent Agenda 6. PUBLIC HEARING No Public Hearings 7. OLD BUSINESS No Old Business 8. NEW BUSINESS A. EDAC Funding Request – Fall Business Event McCabe: reviewed a proposed request from the EDAC related to an upcoming business forum event in October at a location yet to be determined. A 4 -member subcommittee of the EDAC has been working on the agenda and corresponding budget. McCabe recommended up to $1,000 as a n allocation to support this event. The EDA allocation would come from the 2015 Professional Services budget, which has a bal- ance of approximately $5,000. Keeney: reminded staff to incorporate the gathering of complaints that helps educate the city on issues most important to local businesses. Choudek: agreed, but said that it will not be a driving force for the event, which was the case during past events. . MOTION BY KEENEY, SECONDED BY CHOUDEK TO APPROVE AN ALLOCATION TO THE EDAC OF UP TO $1,000 FOR ITS FALL BUSINESS EVENT. Ayes by Hedberg, Keeney and Choudek. The motion carried. 2 B. Preliminary EDA 2016 Budget Rogness: summarized a draft 2016 budget and tax levy for the EDA, which includes Technology Village operations. The proposed budget is $180,450 compared to $188,595 in 2015; the proposed tax levy is $155,000 compared to $159,000 in 2015. This budget proposes the use of $14,950 in EDA reserves to keep the tax levy at the lower level, which compares to the use of $22.095 of reserves in 2015. Rogness said the main changes include a reduction from $23,500 to $16,500 for rent subsidies in the Technology Village program. Final personnel costs are not yet included for one -half of time for Rogness and McCabe. Hedberg: did not necessarily like the reduction for rent subsidies since he supports more business growth within the Phase II of Technology Village. Hedberg and Keeney: both supported the use of EDA reserves based on its current balance of $144,239 at the end of 2014. Hedberg: questioned whether it makes sense to consider something previously discussed by the EDA whereby the fiscal disparities revenue is converted to the EDA over time. It could be a wash transfer in 2016 with the EDA special levy being replaced by the same amount from fiscal disparities. Keeney: could support this idea as long as the EDA had a firm plan in place on how to spend those reve- nues rather than gaining a war chest of money. Boyles: reminded everyone that if the EDA wisely allocates funds that will help support more commercial development, then there will be less or no more fiscal disparities revenue. MOTION BY CHOUDEK, SECONDED BY KEENEY TO APPROVE A PRELIMINARY 2016 EDA BUDGET AS PROPOSED BY STAFF SUBJECT TO FURTHER REVIEW OF THE TECHNOLOGY VILLAGE BOARD AND SUBJECT TO FINAL PERSONNEL FIGURES. Ayes by Hedberg, Keeney and Choudek. The motion carried. C. Planned Unit Development Amendment for Jeffers Pond Commercial Rogness: introduced this topic, which includes a proposed Super America project along County Highway 21 at Fountain Hills Drive (north of Fire Station #2). Rogness asked the EDA Commissioners whether they want to provide input on this commercial development proposal, which has received a positive recommen- dation from the Planning Commission. It will be discussed next by the City Council. Hedberg: said this area included a mixed-use concept in 2005, and further asked where the city wants commercial development, including further east on the Vierling property . Keeney: said the argument for Super America has been its enabling of other commercial development to follow once this one project is built in Jeffers PUD. However, should the City hold out longer for more of- fice-type uses? Choudek: felt that after ten years of nothing being developed, the City should support this project. In addi- tion, by looking further ahead, Super America could be approved now with changes made in the future to support more intense development. Hedberg: wondered whether this project would help support the installation of traffic signals on CSAH 21 , or whether there’s a way to get the County to consider installation before traffic warrants. He also won- dered whether all of the commercial should be on one side of Outlot C. Keeney: supports uniform design elements and having a minimum of 87,000 square feet of commercial space with an ability to expand. Hedberg: discussed hours of operation as recommended by the Planning Commission, and he further supports a street connection between the two sides of development within Outlot C. MOTION BY CHOUDEK, SECONDED BY KEENEY TO SUPPORT: (1) A MINIMUM OF 87,000 SQUARE FEEET OF COMMERCIAL SPACE; (2) A CONNECTING STREET BETWEEN THE TWO SIDES OF DE- VELOPMENT; AND (3) COMMON DESIGN ELEMENTS. Ayes by Hedberg, Keeney and Choudek. The motion carried 3 9. OTHER BUSINESS A. Joint EDAC Meeting McCabe: reviewed a proposed joint meeting with the EDAC to be held at the beginning of the next EDA meeting to view a presentation by Stacy Crakes of First Stop Shop. The first one-half hour of the meeting will provide an opportunity to get an update from this program. The Commissioners all agreed to this joint meeting on August 17th. 10. ADJOURNMENT MOTION BY KEENEY, SECONDED BY CHOUDEK TO ADJOURN THE MEETING. With all in favor, the meeting adjourned at 6:05 p.m. ___________________________ Frank Boyles, Executive Director