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Home My WebLink About08 24 2017 FULL EDAC Packet Economic Development Advisory Committee Meeting Agenda Thursday, August 24, 2017 7:30 a.m. City Hall, Wagon Bridge Conference Room Phone 952.447.9800 / Fax 952.447.4245 / www.cityofpriorlake.com 1. Call to Order 2. Approval of Meeting Minutes a. July 27, 2017 3. Old Business a. Outreach & Marketing Subcommittee Update (verbal report) i. Fall Business Event ii. Website / Facebook Presence b. EDAC Name Change Discussion (verbal report) c. EDAC 2018 Budget (verbal report) 4. New Business a. None 5. Other Business a. EDA Meeting Update b. Residential and Commercial Activity Update c. Staff Update d. Member Ideas/Recommendations 6. Next Meeting Date a. Thursday, September 28, 2017 7. Adjourn 1 4646 Dakota Street SE Prior Lake, MN 55372 CITY OF PRIOR LAKE, MINNESOTA ECONOMIC DEVELOPMENT ADVISORY COMMITTEE MEETING MINUTES – July 27, 2017 1. Call to Order The meeting was called to order at 7:32 a.m. in the Wagon Bridge Conference Room at Prior Lake City Hall. Members present: Lloyd Erbaugh, Bill Henry, Kim Prchal, Thane Tande, Jeff Petschl, Wade Larson, Chamber Liaison Sandi Fleck and EDA Chair Dave Chromy. Staff present: Casey McCabe. 2. Approval of Meeting Minutes a. June 22, 2017 MOTION BY HENRY and SECOND BY LARSON to approve the June 22, 2017 meeting minutes. Motion adopted unanimously. 3. Old Business a. Outreach & Marketing Subcommittee Prchal: stated the committee will need to identify a date for the fall business event; she will email options to committee members for a vote. An Economic Development focused website was discussed as well as the benefits and challenges of having the website operated by the City of Prior Lake or the EDAC. Ms. Prchal added the EDA asked the EDAC to request a budget allocation for 2018 so the committee will need to identify a budgeted amount and request 2018 funding from the EDA. b. EDAC Name Change Discussion Prchal: commented on a few potential names for the EDAC and stated she will be sending out a Doodle Poll to see what name is preferred by the committee. 4. New Business a. EDAC Action/Discussion Items McCabe: stated the July 17th EDA work session topics included a discussion about EDAC goals, direction and priorities. The EDA discussed multiple projects in which the EDAC could assist the EDA and the City of Prior Lake in 2017 and 2018, including: CH21 Corridor Study – One potential project included communicating with all businesses in town related to the CH21 corridor planning which is currently underway. A website has been created: https://clients.bolton- menk.com/movingforward13-21/ which includes project and study information, opportunities to participate in the planning and discussions as well as multiple surveys related to the upcoming project. The EDA would like to encourage all businesses and residents, not just those downtown, to participate in this process. The EDA felt the EDAC could greatly assist in getting the word out through the commercial area liaison program. Communication - The EDA felt the EDAC could assist with communicating to businesses about other upcoming projects, particularly Duluth Ave and Hwy 13 intersection. The Engineering staff have been asked to develop a fact sheet that will be made available on the City and/or 21/13 website. The EDAC will also be asked to help get this information out to business owners so they are aware of their opportunities to participate in the discussion and can properly plan for these upcoming projects. Chromy: added that additional traffic improvements are needed in the South Lake Village prior to the Duluth and Hwy 13 intersection work. MPLS/STP Magazine - The EDA would like the EDAC to weigh in on how the City can capitalize on and get the most out of the MPLS/STP magazine coverage. The August MPLS/STP magazine has a 32-page article on Prior Lake which highlights the city’s recreation, entertainment and overall quality of life. This type of coverage is extremely positive and the city would like to promote the article and build upon the positive momentum. Winter Event - The EDA has discussed opportunities to bring visitors to the community all months of the year. One option would be to host a large winter event that would draw residents from other communities. The Vikings Winterfest was successful last year so one option would be to build upon that with similar events. Another option would be to identify a niche event that may draw crowds from a broader area. The EDAC’s role in this type of planning was discussed and the consensus was for the EDAC to play a supporting role; potentially to the Chamber of Commerce. 5. Other Business a. EDA Meeting Update McCabe: provided a summary of the July 17, 2017 EDA work session, which included the following discussion items: ➢ CH21 Corridor Improvement Project Update ➢ Development Update ➢ Prior Lake Super Bowl Activities ➢ EDAC Goals/Direction/Priorities ➢ Comprehensive Plan Process Update Chromy: added that communication with local businesses related to the CH21 corridor construction work will be critical as 2019 may be a difficult year for businesses due to the anticipated construction. b. Residential and Commercial Activity Update EDAC Members: received a copy of the residential and commercial activity update as of June 30, 2017. c. Staff Update i. Development Map McCabe: informed the EDAC that a development map has been added to the City of Prior Lake website. A link can be found on the homepage under “Related Links” and the map is intended to inform residents of upcoming development projects and provide information for projects that are under construction. ii. Land Use Plan Update McCabe: stated the Land Use Plan update being completed as part of the 2040 Comprehensive Plan is nearly complete. A draft land use plan will be shared with the EDAC at a future meeting. iii. Planner McCabe: announced that the City has hired a new Planner; Amanda Schwabe will begin working for the City of Prior Lake on August 21, 2017. d. Member Ideas/Recommendations None 6. Next Meeting Date. The next regular meeting of the EDAC will be on Thursday, August 24, 2017 at 7:30 a.m. 7. Adjourn. MOTION BY PRCHAL and SECOND BY PETSCHL to adjourn the meeting. Motion adopted unanimously. The meeting adjourned at 8:54 a.m. Submitted by: Casey McCabe 4646 Dakota Street SE Prior Lake, MN 55372 ECONOMIC DEVELOPMENT ADVISORY COMMITTEE REPORT MEETING DATE: August 24, 2017 AGENDA #: 5.a. PREPARED BY: Casey McCabe, Community Development Director AGENDA ITEM: EDA MEETING UPDATE DISCUSSION: Introduction The EDA held a regular meeting on August 14, 2017; discussion topics included: ➢ Jeffers Pond PUD ➢ Preliminary 2018 EDA Budget ➢ C-3, Business Park Exterior Building Materials ➢ Strategic Property Acquisition Funds ➢ Downtown Development & Improvements Conclusion Updates of EDA activity related to the above listed topics will be presented to the EDAC during the ir August 24th meeting. ISSUES: Update Only. FINANCIAL IMPACT: None. ALTERNATIVES: Update Only. 4646 Dakota Street SE Prior Lake, MN 55372 ECONOMIC DEVELOPMENT ADVISORY COMMITTEE REPORT MEETING DATE: August 24, 2017 AGENDA #: 5.b. PREPARED BY: Casey McCabe, Community Development Director AGENDA ITEM: RESIDENTIAL AND COMMERCIAL ACTIVITY UPDATE DISCUSSION: Introduction Staff has prepared a development update as of July 31, 2017, for EDAC review. The attached memorandum provides a summary of commercial and industrial development and residential con- struction in the City of Prior Lake. ALTERNATIVES: RECOMMENDED ALTERNATIVE: ATTACHMENT: Information Only. Information Only. 1. Development Update Phone 952.447.9800 / Fax 952.447.4245 / www.cityofpriorlake.com Memo Date: August 17, 2017 To: City of Prior Lake Economic Development Advisory Committee From: Casey McCabe, Community Development Director Subject: Residential & Commercial Activity Update Below is an update of residential and commercial development in the City of Prior Lake as of July 31, 2017. Name Address Type (New/Relocation/Expansion) Previous Tenant/Owner gg Boutique 16180 Hastings Ave. SE Relocated Business Giggle Gals The Magnolia Shop 4773 Dakota St. SE New Business gg Boutique Trademark Title Services 16268 Eagle Creek Ave. SE New Business ReMax Olive Moon 4775 Dakota St. SE Relocated Business Finder's Fee Whitmer Crafts 4646 Colorado St. SE New Business Vacant Lease Space Canvas Tattoo 6880 Boudin St. NE Relocated Business Verizon Edward Jones - Scott Pierce 16154 Main Ave. SE, Suite 110B Relocated Business Wensmann Office - Lakefront Plaza Edward Jones - Christy McCoy 4719 Park Nicollet Ave. Suite 260 New Business/Tenant Build-Out Vacant Lease Space Luxury Laser Edu 14070 Commerce Ave. NE Ste. 200 New Business Kids Talk Childrens Therapy Sweet Nautical 16228 Main Ave. SE, Ste 101 New Business Lakes Area Realty Blahnik Law Office 4617 Colorado St. SE Relocated Business/New Construction Former SF Residential Fountain Hills Self-Storage 4400 Fountain Hills Dr. NE New Construction Vacant Land Prior Lake Revival SW corner of Duluth Ave/CH21 New Construction Vacant Land SDDI Sign Systems 5702 Graystone Ct. SE New Construction Vacant Land Advantage Chiropractic 16197 Main Ave. SE New Business Prior Lake Spine Port City Bakery 5832 Industrial Lane SE New Business Triple Play (Building Add'n) Universal Motors 16720 Welcome Ave. SE New Construction Universal Motors (2nd Bldg.) Home Time Real Estate 16154 Main Ave. SE, Suite 110C Relocated Business Wensmann Office (Lakefront Plaza) 2017 Prior Lake Commercial Activity Number of Permits Declared Value Number of Permits Declared Value Number of Permits % Increase / (% Decrease) Declared Value % Increase / (% Decrease) Single Family Dwellings 47 $15,770,000.00 65 $23,041,000.00 (27.69)(31.56) Townhouses (# units)0 $0.00 4 $676,000.00 (400.00)### Multiple Units 1 $8,787,000.00 2 $21,501,000.00 (50.00)(59.13) New Commercial Industrial & Commercial 6 $9,066,000.00 0 $0.00 n/a n/a Residential 469 $2,738,057.00 402 $2,814,500.00 16.67 (2.72) Industrial & Commercial 9 $436,500.00 8 $224,000.00 12.50 94.87 Mechanical 353 $0.00 411 $0.00 (14.11)n/a Mechanical (SF & TH)204 $0.00 276 $0.00 (26.09)n/a TOTALS 1089 $36,797,557.00 1168 $48,256,500.00 (6.76)(23.75) Increase / (Decrease)  Mechanical permits include but are not limited to furnaces, water heaters, softeners, and fireplaces. They are flat-rate permit fees. Mechanical (SF & TH) permits include required plumbing, heating, sewer and water and fireplace permits for new single family residences. They are flat-rate permit fees. 2017 Year to Date 2016 Year to Date New Residential Additions and Alterations