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HomeMy WebLinkAbout08 13 2018 EDA Minutes Phone 952.447.9800 / Fax 952.447.4245 / www.cityofpriorlake.com 4646 Dakota Street SE Prior Lake, MN 55372 Economic Development Authority Meeting Minutes August 13, 2018 1. CALL TO ORDER PRESIDENT CHROMY called the meeting to order at 4:00 p.m. Present were Chromy, Sheehan-Kerber, Braid, Briggs and Boucher-Hoese. Also present were Executive Director Boyles, Community Development Director McCabe, Planner Schwabe, Craig Patterson, Vice-President of Development at Krause Anderson, and Dan Stan- ley. 2. APPROVAL OF AGENDA MOTION BY CHROMY, SECONDED BY BRIGGS, TO APPROVE THE AGENDA AFTER MOVING ITEMS 9A AND 9B TO EARLIER IN THE AGENDA AND NEW ITEM 10D FOR A DULUTH AVE/TH 13 INTERSECTION IMPROVEMENT UPDATE. Ayes by Chromy, Sheehan-Kerber, Braid, Briggs, and Boucher-Hoese. The motion carried 5-0. 3. APPROVAL OF MEETING MINUTES A. July 9, 2018 MOTION BY BRIGGS, SECONDED BY SHEEHAN-KERBER, TO APPROVE THE JULY 9, 2018 MEETING MINUTES AS WRITTEN. Ayes by Chromy, Sheehan-Kerber, Braid, Briggs and Boucher-Hoese. The motion carried 5-0. 4. CONSENT AGENDA A. Development Update (07/31/2018) An overview of the residential and commercial building permit year to date totals were provided. BRIGGS shared that the average declared value in 2017 median Single-Family dwelling of $325K has in- creased to $355K for 2018 permits year to date. MCCABE explained that declared value when a builder builds a home only includes the construction costs, therefore the land value is not included. For commercial and residential projects, the applicant declares the value and the city’s building inspectors have a formula to verify or reestablish the declared value. For property tax purposes, the total value includes the land and buildings. B. EDA Revenue & Expenditure Report No discussion. MOTION BY BRIGGS, SECONDED BY BRAID, TO APPROVE THE CONSENT AGENDA. Ayes by Chromy, Braid, Briggs, Sheehan-Kerber and Boucher-Hoese. The motion carried 5-0. 5. REMOVED CONSENT AGENDA ITEMS None 6. PRESENTATIONS None 7. PUBLIC HEARING No Public Hearings 2 8. OLD BUSINESS A. Economic Development Website Update SCHWABE explained the progress made since the last meeting and shared that Staff communicated with five vendors and received 3 quotes for a stand-alone economic development website. Quotes ranged from $1,700-$3,700. SCHWABE reviewed the examples provided by the vendors. MOTION BY BRIGGS, SECONDED BY BRAID TO DIRECT STAFF TO ENGAGE IN A WEBSITE VENDOR OF THEIR SELECTION FOR THE DEVELOPMENT OF A CITY OF PRIOR LAKE ECONOMIC DEVELOP- MENT WEBSITE. Ayes by Chromy, Braid, Briggs, Sheehan-Kerber and Boucher-Hoese. The motion carried 5-0. B. Downtown Property Map MCCABE reviewed the Downtown Property Map to show the changes requested at the last EDA meeting. MOTION BY BRIGGS, SECONDED BY BOUCHER HOESE TO ACCEPT THE DOWNTOWN PROPERTY MAP AS PRESENTED. Ayes by Chromy, Braid, Briggs, Sheehan-Kerber and Boucher-Hoese. The motion carried 5-0. 9. NEW BUSINESS A. City of Prior Lake Void Analysis PATTERSON explained that a void study is a commonly used by real estate professionals and developers to determine what types of businesses are missing in a specific market. The study can provide insight into what type of businesses is not in Prior Lake; however, it cannot dictate how successful that business may be or bring the desired retailers to the table. BRIGGS questioned the effect of daytime traffic as it relates to development. PATTERSON explained that a majority of the traffic is leaving Prior Lake for the day and returning in the evening. The daytime population and traffic is important for retailers, including restaurants. He shared that most national retailers perform their own research and know what they are looking for. Discussion ensued related to gateway framing, renderings, connectivity, economic attraction tools, etc. EDA will continue discussions at a future meeting. B. Development Assistance Request MCCABE shared that Staff has received a request from Dan Stanley for financial assistance related to the con- struction of a retaining wall for a new 11,200 square-foot commercial project at 17098 Adelmann Street. Mr. Stanley feels that assistance, if provided, would help toward achieving a competitive market lease rate for his leasable space. STANLEY explained the topography of the property, including wetlands, and proposed building details. He shared that the retaining wall is his only option to address the site conditions. MCCABE explained that the applicant would be eligible for the SAC/WAC deferral program. STANLEY shared that they are hoping to participate in the SAC/WAC deferral program. BRIGGS stated that there are serious challenges with market rate leasing and that the taxable value for the pro- posed building will have a positive impact on our community. 3 Discussion ensued regarding permitting status, setting a precedence and financial assistance opportunities. BRAID shared that the EDA must utilize their limited funds in a thoughtful manner. MCCABE explained that Stanley will be requesting an extension to the Variance which was approved in 2017 for this project at the September 4, 2018 Planning Commission meeting. MOTION BY BRIGGS, SECONDED BY SHEEHAN KERBER TO CONTINUE DISCUSSION OF THIS ITEM AT THE SEPTEMBER 10, 2018 EDA MEETING. Ayes by Chromy, Braid, Briggs, Sheehan-Kerber and Boucher- Hoese. The motion carried 5-0. C. Credit River Township Annexation Request MCCABE explained the Annexation Request by the property owners of 6010 170th Street and the documents associated with the proposed annexation. He stated this property as a logical addition to the Welcome Ave- nue Industrial Park. MCCABE stated that while the City is not actively pursuing annexation of parcels adjacent to the Welcom Avenue Inudstrial Park, the City has now received two applications in recent months from property owners in this area requesting annexation. BRIGGS shared that he had conversations with the Chair of the Credit River Township regarding the City’s potential interest in the four parcels east of the Welcome Avenue area. The Credit River Township repre- sentative indicated they would not support an annexation in that area. BRIGGS questioned the statement in the documentation regarding the timing for the extension of utilities. MCCABE explained that the property owner can request utilities to be extended to their property; however, the City will not require utilities to be extended until the subject property is proposed to be developed. MOTION BY CHROMY, SECONDED BY BOUCHER-HOESE TO RECOMMEND CITY COUNCIL APPROVE THE AGREEMENT AND ANNEXATION REQUEST INCLUDING RECOMMENDED AMENDMENTS. Ayes by Chromy, Sheehan-Kerber, and Boucher-Hoese. The motion carried 3-0-2 with Briggs and Braid abstaining as the public hearing on the request, scheduled for August 20, 2018, has not been held. 10. OTHER BUSINESS A. Staff Updates MCCABE shared that he will be meeting with a developer for a senior living transitional/memory care facility west of Prior Lake Revival building. MCCABE stated that Prior Lake Revival is fully leased. MCCABE explained that Lakeside Eats & Treats (former Urbanhalo property) was appreciative for the assis- tance recently approved by the EDA for electrical work and they have entered into a new two-year least agreement with the City. MCCABE shared that the City Council will be reviewing a Concept Plan at the August 20, 2018 meeting for a residential use in the northwest corner of CSAH 42/CSAH 21. B. Commissioner Comments BRIGGS shared that he participated in the Business Investment Summit hosted by Greater MSP at Mystic Lake Center on August 9, 2018. The event was well attended by local officials as well as City and County staff across the metropolitan area and offered insight from panelists and guest speakers alike. 4 C. Construction Projects Business Impact Game Plan None D. Duluth Ave/TH 13 Intersection Improvement Update MCCABE shared that in the absence of the Communication Liaison, Jason Wedel sent out information re- garding the delay of the Duluth Ave/TH 13 project because of the bids exceeding the anticipated project costs. Concern was raised that not all parties were notified with that communication. Staff anticipates discussing the topic of communication distribution at a future EDA meeting. 11. ADJOURNMENT MOTION BY BRIGGS, SECONDED BY SHEEHAN-KERBER TO ADJOURN THE MEETING. With all in favor, the meeting adjourned at 6:20 p.m. Ayes by Chromy, Braid, Briggs, Sheehan-Kerber and Boucher-Hoese. The motion carried 5-0. ___________________________ Frank Boyles, Executive Director