HomeMy WebLinkAbout04 14 2025 EDA Meeting Minutes
55372 MN Lake, Prior4646 Dakota Street SE
PRIOR LAKE ECONOMIC DEVELOPMENT AUTHORITY
MEETING MINUTES
Monday, April 14, 2025 – 4:00 p.m.
Parkview Conference Room
1. CALL TO ORDER
Chair Prchal called the meeting to order at 4:00 p.m. In attendance were Prchal, Lake and Braid.
Absent were Marco and Boucher-Hoese. Also present were Executive Director Wedel, Community
Development Director McCabe, and Deputy City Clerk / Administrative Assistant Kooiman.
EDA Commissioners welcomed the new EDA Commissioner, Victor Lake.
2. APPROVAL OF AGENDA
MOTION BY BRAID, SECONDED BY LAKE TO APPROVE THE AGENDA
Ayes by Prchal, Braid, and Lake.
That motion carried 3-0.
3. APPROVAL OF MEETING MINUTES
MOTION BY BRAID, SECONDED BY PRACHAL TO APPROVE THE February 10, 2025,
MEETING MINUTES.
Ayes by Prchal and Braid with Lake abstaining.
That motion carried 2-0-1.
4. CONSENT AGENDA
A. Monthly Development Update (3/31/25)
McCabe: provided the Commissioners with a commercial and residential permit update as of March
31, 2025.
MOTION BY LAKE, SECONDED BY BRAID TO APPROVE THE CONSENT AGENDA.
Ayes by Braid, Prchal, and Lake.
That motion carried 3-0.
5. PRESENTATIONS
None.
6. OLD BUSINESS
None.
7. NEW BUSINESS
A. Consider Amendment and Extension to the Dakota Street Preliminary Development Agreement
Director McCabe: Introduced the new business agenda item. McCabe gave a brief history of
previous preliminary development agreements and the current circumstances of the current
agreement based on EDA direction at the previous meeting.
EDA Commissioners: discussed the preliminary development agreement and the different
benchmarks that need to be achieved for the agreement to automatically extend to the end of
November 2025.
MOTION BY BRAID, SECOND BY LAKE AUTHORIZING THE EXECCUTIVE DIRECTOR TO
EXECUTE THE FIFTH AMENDEMENT TO THE PRELIMINARY DEVELOPMENT
AGREEMENT.
Ayes by Braid, Prchal, and Lake.
That motion carried 3-0.
8. OTHER BUSINESS
A. Staff Updates
Director McCabe: updated commissioners on upcoming residential and commercial projects
around the City of Prior Lake.
B. Commissioner Comments
9. ADJOURNMENT
MOTION BY BRAID, SECOND BY LAKE TO ADJOURN THE MEETING.
Ayes by Braid, Prchal, and Lake.
That motion carried 3-0.
The meeting adjourned at 4:39 p.m.
Submitted by Megan Kooiman