HomeMy WebLinkAboutRes 19-06 Orchard Park Development Funds 0 P OA
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4646 Dakota Street SE
�rlNxEso�A Prior Lake, MN 55372 -
RESOLUTION
5372RESOLUTION 19 -06 EDA
A RESOLUTION AUTHORIZING FUNDS TO ASSIST IN THE DEVELOPMENT OF A
CONCEPT PLAN FOR THE ORCHARD PARK DEVELOPMENT
Motion By : Brigs Second By : Sheehan - Kerber
WHEREAS , On October 14 , 2019 , the Prior Lake Economic Development Authority discussed a
potential educational , production and office complex development , known as Orchard
Park ; and
WHEREAS , The EDA was asked to assist in the funding of a concept plan for future development of
Orchard Park within the City of Prior Lake ; and
WHEREAS , This project has great potential to link a post-secondary school with entrepreneurial
businesses in a campus setting ; and
WHEREAS , This project has great potential to compliment the efforts of SCALE related to education
and workforce ; and
WHEREAS , An important step to move forward is the development of a concept plan for future
development .
WHEREAS , Based upon the information presented , the Economic Development Authority finds the
Orchard Park project has the potential to achieve several public purpose objectives ,
including specifically , to enhance and diversify the City' s tax base ; to provide
employment opportunities in the City ; to help provide access to services for residents of
the City ; and to encourage development of a commercial area in the City that results in
higher quality development and private investment.
NOW THEREFORE , BE IT HEREBY RESOLVED BY THE CITY OF PRIOR LAKE ECONOMIC
DEVELOPMENT AUTHORITY as follows :
1 . The recitals set forth above are incorporated herein .
2 . The Economic Development Authority authorizes the use of Economic Development Authority Special
Revenue Funds [ Fund 240-46500 . 00-53100 . 80 Professional Services- General ] in an amount not to
exceed $5 , 000 . 00 to assist in the development of a concept plan for the Orchard Park development.
PASSED AND ADOPTED THIS 12th DAY OF NOVEMBER 2019 ,
VOTE Chromy Braid Sheehan - Briggs Boucher-
Kerber Hoese
Aye X X X
Nay ❑ ❑ ❑ ❑ ❑
Absent ❑ X ❑ ❑ ❑
Abstain ❑ ❑ ❑ ❑ ❑
J o edel , Executive Direc or