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HomeMy WebLinkAbout02 10 2025 EDA Meeting Minutes PRIOR LAKE ECONOMIC DEVELOPMENT AUTHORITY MEETING MINUTES Monday, February 10, 2025 – 4:00 p.m. Parkview Conference Room 1. CALL TO ORDER Chair Prchal called the meeting to order at 4:02 p.m. In attendance were Prchal, Marco, Boucher- Hoese, Briggs and Braid. Also present were representatives of The Beard Group, Councilor Victor Lake, Executive Director Wedel, Community Development Director McCabe, and Deputy City Clerk / Administrative Assistant Kooiman. 2. APPROVAL OF AGENDA MOTION BY BOUCHER-HOESE, SECONDED BY MARCO TO APPROVE THE AGENDA Ayes by Prchal, Braid, Boucher-Hoese, Briggs and Marco. That motion carried 5-0. 3. APPROVAL OF MEETING MINUTES MOTION BY BRAID, SECONDED BY BOUCHER-HOESE TO APPROVE THE JANUARY 13, 2025, MEETING MINUTES. Ayes by Prchal, Boucher-Hoese Braid and Marco. Briggs Abstained. That motion carried 4-0-1. 4. CONSENT AGENDA A. Monthly Development Update (1/31/25) McCabe: provided the Commissioners with a commercial and residential permit update as of January 31, 2025. MOTION BY BRAID, SECONDED BY BOUCHER-HOESE TO APPROVE THE CONSENT AGENDA. Ayes by Braid, Prchal, Boucher-Hoese, Briggs and Marco. That motion carried 5-0. 5. PRESENTATIONS A. Cora Project Update with The Beard Group Representatives of The Beard Group were in attendance to provide an update on the Cora Apartment project including delays due to project financing and the changes in the market since the project was initially proposed. The Beard Group requested an extension to the Preliminary Development Agreement which is set to expire at the end of March 2025. EDA Commissioners: Thanked the Beard Group for their continued work and expressed a mutual interest in seeing the project completed. Commissioners were comfortable with a short extension but hesitant to grant a longer extension without establishing specific and measurable goals for the developer to sho w progress toward construction. Commissioners discussed certain tasks that would show progress. MOTION BY BRIGGS, SECONDED BY BRAID TO APPROVE AN EXTENSION OF FOUR MONTHS (TO JULY 31, 2021) TO THE PRELIMINARY DEVELOPMENT AGREEMENT WITH PL B SQUARED VENTURES, LLC. Ayes by Braid, Prchal, Boucher-Hoese, Briggs and Marco. 4646 Dakota Street SE Prior Lake, MN 55372 That motion carried 5-0. MOTION BY BRIGGS, SECONDED BY MARCO DIRECTING STAFF TO PREPARE AN ADDITIONAL EXTENSION OF FOUR MONTHS (TO NOVEMBER 31, 2025) FOR FUTURE EDA CONSIDERATION THAT WOULD INCLUDE AN AUTOMATIC RENEWAL SHOULD PL B SQUARED VENTURES, LLC COMPLETE SPECIFIC TASKS TOWARD CONSTRUCTION. Ayes by Braid, Prchal, Boucher-Hoese, Briggs and Marco. That motion carried 5-0. 6. OLD BUSINESS None. 7. NEW BUSINESS A. Approval of ACC 2025-2029 Strategic Plan McCabe reviewed the updated Arts and Culture Committee (ACC) five-year strategic plan, highlighting short-term strategic priorities, anticipated funding needs and funding sources. McCabe stated the ACC has approved the strategic plan and is requesting EDA approval as support for the strategic initiatives identified by the ACC. MOTION BY MARCO, SECOND BY BRAID TO APPROVE THE ARTS AND CULTURE COMMITTEE 2025-2029 STRATGIC PLAN. Ayes by Braid, Prchal, Boucher-Hoese, Briggs and Marco. That motion carried 5-0. i. Funding Request Following approval of the ACC Strategic Plan, McCabe reviewed the proposed funding sources and a related ACC request for $7,500 of 2025 EDA Professional Services which represents 50% of the anticipated 2025 Community Artist budget. EDA Commissioners: expressed appreciation for the ACC and the work being done but were not prepared to support a motion for approval of the $7,500 until the remaining $7,500 necessary for the Community Artist project was secured. Instead of approving the transfer of $7,500 from the EDA Professional Services fund to the ACC, the EDA supported a motion approving the funding request as a funding match after the ACC secures the initial $7,500 required. MOTION BY BRIGGS, SECOND BY MARCO TO APPROVE AN ALLOCATION OF $7,500 TO THE ACC FOR THE 2025 COMMUNITY ARTIST PROGRAM ONCE THE ACC HAS SECURED THE INITIAL $7,500 REQUIRED. Ayes by Braid, Prchal, Boucher-Hoese, Briggs and Marco. That motion carried 5-0. B. ACC Sculpture Historic Date/Event Timeline Review McCabe: reviewed a number of historic dates and events assembled by the Arts and Culture Committee for placement on the sculpture being commissioned for downtown Prior Lake. EDA Commissioners: provided thoughts and recommendations on which events they did not feel were necessary to include in the sculpture and other events they felt were worthy of inclusion. 8. OTHER BUSINESS A. Staff Updates i. City Council Retreat / 2025 Priorities City Manager Wedel informed the EDA that the City Council held a retreat in early February to review progress on the strategic plan, discuss liaison appointments, and review a list of staff work items to ensure staff and the council agree on priorities for 2025. B. Commissioner Comments i. 2025 City Council EDA Appointments Briggs informed the EDA that he will no longer serve on the Commission. The City Council annually appoints councilors to serve in various liaising positions. The City Council held a retreat in early February where liaison appointments were discussed. It was determined that Councilor Victor Lake would be the City Council appointment to the EDA in 2025. 9. ADJOURNMENT MOTION BY BRIGGS, SECOND BY BRAID TO ADJOURN THE MEETING. Ayes by Braid, Prchal, Boucher-Hoese, Briggs and Marco. That motion carried 5-0. The meeting adjourned at 6:02 p.m. Submitted by Megan Kooiman