HomeMy WebLinkAbout5E Revised 2017 EDA Goals
4646 Dakota Street SE
Prior Lake, MN 55372
CITY COUNCIL AGENDA REPORT
MEETING DATE: JUNE 12, 2017
AGENDA #: 5E
PREPARED BY: CASEY McCABE, COMMUNITY DEVELOPMENT DIRECTOR
PRESENTED BY: CASEY McCABE
AGENDA ITEM: CONSIDER APPROVAL OF THE REVISED 2017 EDA GOALS
DISCUSSION: Introduction
The purpose of this agenda item is to review and approve the revised 2017 EDA
Goals.
History
The EDA adopted the following 2017 goals during their November 21, 2016 meet-
ing, which were approved by the City Council on January 9, 2017.
➢ Continue to guide the Economic Development Advisory Committee and sup-
port the Technology Village Board of Directors as they implement the recom-
mendations of the Technology Village program analysis and expansion plans,
including expansion opportunities within Scott County.
➢ Establish a task force of downtown residents and businesses to develop an
integrated road network plan that supports future traffic volumes, a downtown
vision, and a targeted redevelopment plan.
➢ Establish a process and plan to target resources to economic opportunities
that provide significant benefits to Prior Lake, including those that may include
property acquisition and direct support to commercial and industrial develop-
ment.
Current Circumstances
During the April 17, 2017 meeting, the EDA commissioners proposed revisions to
their previously adopted 2017 goals, which were then presented to the City Coun-
cil during a May 22, 2017 joint work session and further revised as follows:
➢ Continue to guide the Economic Development Advisory Committee and sup-
port the Technology Village Board of Directors as they implement the recom-
mendations of the Technology Village program analysis and expansion plans,
including expansion opportunities within Scott County.
➢ Make recommendations and provide strong input to the Prior Lake City Council
and Scott County Board related to proposed improvements to the CH21 road
corridor, specifically CH82 to Franklin Trail, as it relates to potential impacts or
benefits on economic development and redevelopment activities in Prior Lake
and on our regional partners, such as the SMSC and RiverSouth.
➢ Establish a process and plan to target resources for economic opportunities
that provide significant benefits to Prior Lake, including those that may include
property acquisition and direct support to commercial and industrial develop-
ment. Provide a graphic showing the city owned downtown properties and
their usefulness for economic development and redevelopment activities and
identify additional properties for strategic acquisition within the six commercial
2
areas identified by the EDAC; including: Deerfield/Welcome; Downtown; Com-
merce Avenue; Gateway; South Lake Village; and Jeffers/42 Corridor.
➢ Conduct a meeting with the Scott County CDA First Stop Shop for the purpose
of identifying reciprocal goals.
➢ Conduct an annual meeting with the Prior Lake City Council, the Prior Lake
Planning Commission and RiverSouth.
Conclusion
The above goals were drafted by the EDA and refined during a May 22nd meeting
with the City Council. The EDA is requesting City Council approval of the revised
2017 goals.
ISSUES:
FINANCIAL
IMPACT:
The City Council will review the progress made toward accomplishing the EDA
goals during a work session in November.
Support of the EDA goals is extensive and time consuming for the EDA and City
staff and funding may be required to accomplish the goals or initiatives of the EDA.
EDA accomplishments have been and will continue to be valuable to our commu-
nity as we work toward achieving the goals outlined in the 2040 Vision and Stra-
tegic Plan.
ALTERNATIVES: 1. Motion and Second, as part of the Consent Agenda, to approve the revised
2017 EDA goals.
2. Take no action and direct staff to complete additional research or retain the
2017 goals as originally approved by the EDA and City Council.
RECOMMENDED
MOTION:
Alternative 1.