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HomeMy WebLinkAbout09 09 2019 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 September 9, 2019 1. CALL TO ORDER PRESIDENT CHROMY called the meeting to order at 4:00 p.m. Present were Chromy, Sheehan-Kerber and Briggs. Also present were Interim Executive Director Olson, Community Development Director McCabe and Planner Schwabe. 2. APPROVAL OF AGENDA MOTION BY BRIGGS, SECONDED BY SHEEHAN-KERBER, TO APPROVE THE AGENDA. Ayes by Chromy, Briggs and Sheehan-Kerber. The motion carried 3-0. 3. APPROVAL OF MEETING MINUTES A. August 12, 2019 MOTION BY BRIGGS, SECONDED BY CHROMY TO APPROVE THE AUGUST 12, 2019 MEETING MINUTES. Ayes by Chromy, Briggs and Sheehan-Kerber. The motion carried 3-0. 4. CONSENT AGENDA A. Development Update (08/31/2019) MOTION BY SHEEHAN-KERBER, SECONDED BY CHROMY TO APPROVE THE CONSENT AGENDA. Ayes by Chromy, Briggs and Sheehan-Kerber. The motion carried 3-0. 5. REMOVED CONSENT AGENDA ITEMS None 6. PRESENTATIONS None 7. PUBLIC HEARING No Public Hearings 8. OLD BUSINESS A. Public Arts Update SHEEHAN-KERBER shared recent conversations with Greg Preslicka of Preslicka Studios/The Big Picture, Nu- vera and Staff regarding the mural project. The muralist is in the process of preparing three sketches for review by the property owner and the subcommittee. An estimate has been provided by the muralist for approximately $9,700 plus the costs for sealant and lift rental. Half of the project cost would be due prior to initiating the work and the other half upon completion. BRIGGS questioned whether private monies would be solicited for this project. SHEEHAN-KERBER stated private funding may be difficult if the mural is to be completed this fall. MCCABE explained that at the August EDA meeting the EDA approved the use of up to $2,500 to engage a muralist and select a design. BRIGGS shared that having the ability to seek out private support is important to consider. Discussion followed. The EDA directed the Subcommittee to proceed with the expenditure of up to $2,500 for the design and three sketches; however, not to proceed with installation of the mural until public/private funding is secured. B. #PLWorthIt Wish Book SCHWABE shared the draft wish book item list for consideration by the EDA and stated that direction was needed related to the formation of a subcommittee. OLSON explained that it is important to make sure the appropriate departments and plans (example: Park Master Plan) are followed to not commit to ideas that are not feasible for a variety of reasons, including but not limited to liability, maintenance, etc. BRIGGS suggested engaging a capable consultant for development of the Wish Book as part of #PLWorthIt initiative. SHEEHAN-KERBER suggested creating an electronic document that would allow for staff to easily update/main- tain. BRIGGS explained that as projects get funded, the Wish Book could be utilized as an opportunity to thank past and future contributors. MCCABE shared that prior to finalization of the Wish Book, the draft could be distributed to local businesses in an effort to solicit other ideas. CHROMY suggested Staff work internally to continue to develop the idea list and return to the EDA at such time the idea list is further refined. Discussion ensued. 9. NEW BUSINESS A. Business Incentive Report MCCABE explained the Business Incentive Report which summarizes what the City considers a business sub- sidy, how subsidies have been used in the past, and current obligations. BRIGGS shared that the City Council will be interested in this document as budgetary discussions continue. MCCABE shared that some of the obligations in the report were approved by the City Council following an EDA recommendation. He continued to explain the additional commercial/industrial square footage in Prior Lake as a result of the obligations. BRIGGS suggested additional information be included re: how funds specific to the EDA were committed and spent. Discussion ensued. 10. OTHER BUSINESS A. Staff Updates i. SCHWABE provided an update on the Chalk Fest event on 9/20-9/21. ii. Our next EDA meeting will feature the following guests: ➢ Sheila Smith, Executive Director of the MN Citizens for the Arts (MCA) ➢ Matt Schaefer, Owner/Developer - Revival II building. iii. MCCABE provided an overview of the Economic Development Incentive Grant Program by the Scott County CDA. This matching grant program allows for corridor readiness or technical studies. B. Commissioner Comments i. BRIGGS shared an update on possible development opportunities. ii. CHROMY shared that Fast-Track Challenge will be at the end of October. MCCABE shared that the appli- cants have been narrowed down to five finalists. A press release will be distributed in the near future. 11. ADJOURNMENT MOTION BY BRIGGS, SECONDED BY CHROMY TO ADJOURN THE MEETING. With all in favor, the meeting adjourned at 5:30 p.m. Ayes by Chromy, Briggs and Sheehan-Kerber. The motion carried 3-0. ___________________________ Lori Olson, Interim Executive Director