The URL can be used to link to this page

Home My WebLink About07 13 2026 EDA Agenda Packet Phone 952.447.9800 / www.priorlakemn.gov 4646 Dakota Street SE Prior Lake, MN 55372 PRIOR LAKE ECONOMIC DEVELOPMENT AUTHORITY AGENDA Monday, July 13, 2026 – 4:00 p.m. Parkview Community Room Reports included with this agenda can be found on the City of Prior Lake website at www.cityofpriorlake.com Please follow this file path: Agendas & Minutes / Economic Development Authority / 2026 / July 13, 2026 1. CALL TO ORDER 2. APPROVAL OF AGENDA 3. APPROVAL OF MEETING MINUTES A. May 11, 2026 4. CONSENT AGENDA A. Monthly Development Update (6/30/2026) 5. REMOVED CONSENT AGENDA ITEMS 6. OLD BUSINESS A. Downtown Parking Study RFP B. City of Prior Lake to EDA Property Transfer Request 7. NEW BUSINESS A. Arts & Culture Committee (ACC) Strategic Plan Approval & Resolution Approving ACC Funding Request B. Proposed 2027 EDA Tax Levy and Budget Review 8. OTHER BUSINESS A. Staff Updates i. Parking Lot Appraisal ii. Prior Lake Revival II iii. Colorado Street Property Demolition B. Commissioner Comments 9. ADJOURNMENT PRIOR LAKE ECONOMIC DEVELOPMENT AUTHORITY MEETING MINUTES May 11th, 4:00 p.m. Parkview Conference Room 1. CALL TO ORDER Chair Prchal called the meeting to order at 4:03 p.m. In attendance were Prchal, Lake, Marco, Braid and Boucher-Hoese. Absent: None. Also, present were Executive Director Wedel, Community Development Director McCabe, and Deputy Clerk / Administrative Assistant Kooiman. 2. APPROVAL OF AGENDA MOTION BY BRAID, SECONDED BY LAKE TO APPROVE THE AGENDA Ayes by Prchal, Boucher-Hoese, Braid, Lake and Marco. That motion carried 5-0. 3. APPROVAL OF MEETING MINUTES MOTION BY BOUCHER-HOESE, SECONDED BY LAKE TO APPROVE THE MARCH 16, 2026, MEETING MINUTES. Ayes by Prchal, Boucher-Hoese, Lake and Marco. Abstained by Braid. That motion carried 4-0 -1. 4. CONSENT AGENDA A. Monthly Development Update (4/30/2026) MOTION BY MARCO, SECONDED BY BOUCHER-HOESE TO APPROVE THE CONSENT AGENDA. Ayes by Prchal, Boucher-Hoese, Braid, Lake and Marco. That motion carried 5-0. 5. Removed Consent Agenda Items 6. Old Business A. None. 7. NEW BUSINESS A. Downtown Parking Study Proposal Discussion Community Development Director McCabe: gave a brief presentation on the history of parking studies completed for downtown Prior Lake over the past 20 years and listed many new businesses that have been established since the last parking study was completed. McCabe also highlighted several on- and off-street downtown parking improvements that have been completed in recent years. McCabe shared an overview of proposed content recommended to be included in a downtown parking study RFP. Commissioners discussed the different components of the parking study and supported the recommended content. Commissioners discussed timing and whether to wait for existing downtown developments to be completed and the commissioners supported moving forward with the parking study in 2026 and potentially having the study updated in future years after the new developments are operations. Commissioners felt it would be appropriate for the EDA to initiate 4646 Dakota Street SE Prior Lake, MN 55372 and oversee the downtown parking study but felt it would be appropriate to obtain city council consent prior to initiating the study. City staff will discuss the downtown parking study with the city council at an upcoming work session and report back to the EDA. B. Colorado Street Demolition Community Development Director McCabe: Provided a summary of the current condition of the EDA-owned property at 4556 Colorado Street and asked the EDA if they would support demolition of the home and detached garage. Commissioners supported moving forward with an RFP for demolition provided the driveway and garage slab would remain to preserve the option to pursue redevelopment TIF in the future. C. City of Prior Lake to EDA Property Transfers Community Development Director McCabe: provided an overview of multiple downtown properties owned by the city of Prior Lake and asked commissioners if they felt these parcels should be transferred to the EDA to facilitate future redevelopment projects. Commissioners supported the transfer of all parcels discussed from the City to the EDA. City staff will discuss the downtown property transfer with the city council at an upcoming work session and report back to the EDA. 8. OTHER BUSINESS A. Staff Updates i. Parking Lot Appraisal – VFW. An appraisal has been ordered for the VFW surface parking lots and city-owned surface parking lots south of the VFW to support future discussions related to a purchase or exchange of the parcels. ii. Downtown Property Tour – Executive Director Wedel updated the commissioners on a recent city staff tour of the Nuvera building. iii. ACC Updates – Community Development Director informed the commissions that two ACC members recently resigned from the Arts and Culture Committee. City staff will advertise to fill the vacant positions later this year. B. Commissioner’s Comments None. 9. ADJOURNMENT MOTION BY BOUCHER-HOESE, SECONDED BY LAKE TO AJOURNED THE MEETING. Ayes by Prchal, Boucher-Hoese, Braid, Lake and Marco. That motion carried 5-0. The meeting adjourned at 5:19 p.m. Submitted by Megan Kooiman. 4646 Dakota Street SE Prior Lake, MN 55372 ECONOMIC DEVELOPMENT AUTHORITY AGENDA REPORT MEETING DATE: July 13, 2026 AGENDA #: 4A PREPARED BY: Casey McCabe, Community Development Director AGENDA ITEM: Development Update DISCUSSION: Introduction The purpose of this agenda item is to review the monthly residential and com- mercial development update as of June 30, 2026. History EDA Commissioners requested an update of residential and commercial activity at each meeting. Conclusion The attached memorandum provides a summary of the residential and commer- cial development in the City of Prior Lake as of June 30, 2026. ALTERNATIVES: RECOMMENDED MOTION ATTACHMENT: 1. Motion and a second, under the consent agenda, to accept the development update. 2. Remove this item from the consent agenda for additional discussion. Alternative No. 1 1. Development Update Phone 952.447.9800 / Fax 952.447.4245 / www.cityofpriorlake.com Memo Date: July 13, 2026 To: City of Prior Lake Economic Development Authority From: Casey McCabe, Community Development Director Subject: Residential & Commercial Activity Update Below is an update of the residential and commercial development in the City of Prior Lake as of June 30, 2026. Single Family Dwellings 18 $9,861,971.00 15 $7,901,838.00 Townhouses (# units)0 $0.00 0 $0.00 Multiple Units 2 $23,500,000.00 1 $5,500,000.00 New Commercial Industrial & Commercial 1 $3,000,000.00 3 $7,475,098.00 Residential 399 $3,877,253.27 449 $9,152,219.75 Industrial & Commercial 24 $1,493,818.00 19 $2,468,793.00 tMechanical 585 $0.00 582 $0.00 ttMechanical (SF & TH)72 $0.00 60 $0.00 TOTALS 1,101 $41,733,042.27 1,129 $32,497,948.75 t Mechanical permits include but are not limited to furnaces, water heaters, softeners, and fireplaces. They are flat-rate permit fees. tt Mechanical (SF & TH) permits include required plumbing, heating, sewer and water and fireplace permits for new single family residences They are flat-rate permit fees Additions and Alterations Number of Permits Declared Value 20.00% 100.00% 100.00% -66.67% -11.14% 26.32% Number of Permits Declared Value -2.48% 2026 Year to Date 2025 Year to Date New Residential 0.52% 20.00% Number of Permits % Increase / Decrease Increase/Decrease Declared Value % Increase / Decrease 24.81% 100.00% 327.27% 28.42% -59.87% -57.64% -39.49% n/a n/a 4646 Dakota Street SE Prior Lake, MN 55372 ECONOMIC DEVELOPMENT AUTHORITY AGENDA REPORT MEETING DATE: July 13, 2026 AGENDA #: 6A PREPARED BY: Casey McCabe, Community Development Director AGENDA ITEM: Downtown Parking Study RFP DISCUSSION: Introduction The purpose of this agenda item is to review the attached request for proposals (RFP) for a downtown parking study and implementation strategy and provide direction to staff related to any revisions prior to distribution. History The EDA previously identified a desire to have a downtown parking study com- pleted. City staff discussed this with the city council during a recent work session and the council was supportive of moving forward with the study. Conclusion Staff has prepared a draft RFP for EDA review and discussion during the July 13th meeting. Financial Impact Commissioners should discuss the funding source for the parking study and whether it will be funded from EDA Professional Services or if the EDA would like to request the city council utilize general fund reserves. ALTERNATIVES: RECOMMENDED MOTION ATTACHMENT: 1. Provide direction to staff related to any modifications the EDA would like to see in the RFP prior to distribution. 2. Table this item and continue discussion at a future meeting. Alternative No. 1 1. Draft RFP 4646 Dakota Street SE | Prior Lake, MN 55372 952.447.9800 | www.priorlakemn.gov CITY OF PRIOR LAKE, MINNESOTA REQUEST FOR PROPOSALS DOWNTOWN PARKING STUDY AND IMPLEMENTATION STRATEGY 1. INTRODUCTION The City of Prior Lake (“City”) is seeking proposals from qualified consulting firms to conduct a comprehensive Downtown Parking Study and Implementation Strategy. The purpose of this study is to evaluate existing parking conditions, assess current and future parking needs, identify opportunities to improve parking utilization and management, and develop a practical implementation plan for addressing downtown parking needs over the short-, mid-, and long-term. The City desires a data-driven analysis that balances economic development objectives, redevelopment opportunities, downtown vitality, fiscal responsibility, and user experience. 2. COMMUNITY BACKGROUND Prior Lake is a growing suburban community located in Scott County, Minnesota. The downtown area serves as a civic, commercial, and cultural center and continues to experience investment and redevelopment activity. The City recognizes that parking availability and management play an important role in supporting downtown businesses, visitors, residents, and future redevelopment opportunities. As development patterns evolve, the City seeks a comprehensive understanding of existing parking resources and future parking needs in order to guide policy decisions and future capital investments. 3. PROJECT OBJECTIVES The City seeks a consultant team capable of accomplishing the following objectives: • Inventory existing on-and off-street (public & private) downtown parking spaces • Assess current parking utilization and demand for both on- & off-street (public & private) spaces • Identify parking deficiencies and surpluses • Forecast future parking needs • Evaluate opportunities to improve parking utilization • Identify low-cost operational improvements • Identify and evaluate higher- investment parking solutions • Estimate implementation costs • Identify potential funding sources • Develop a phased implementation strategy • Provide recommendations that support downtown economic vitality and redevelopment 4. SCOPE OF SERVICES Task 1 – Project Initiation and Existing Conditions Review The consultant shall: • Conduct a project kickoff meeting with City staff • Establish study methodology 2 • Identify key stakeholder groups • Develop a project work plan and schedule Task 2 – Existing Parking Inventory The consultant shall prepare a comprehensive inventory of all parking spaces within the study area, including: • Public on-street parking • Public & Private off-street parking • Accessible parking spaces • Loading and service areas The inventory shall include: • Parking ownership (public vs. private) • Number of stalls • Parking restrictions (if any) A GIS-based parking inventory shall be provided as part of the final deliverables. Task 3 – Parking Utilization Analysis The consultant shall conduct a minimum of 20 weekday and six (6) weekend parking utilization surveys sufficient to understand existing parking demand and occupancy patterns. At a minimum, parking utilization data shall be collected during: • Weekday (over a minimum period of two weeks) & weekend (over a minimum of two weekends) daytime periods • Weekday (over a minimum period of two weeks) & weekend (over a minimum of two weekends) evening periods The analysis shall identify: • Peak demand periods • Occupancy rates • Areas of parking shortage • Areas of parking surplus Task 4 – Existing Parking Needs Assessment The consultant shall evaluate existing parking conditions and identify: • Current parking deficiencies • Underutilized parking resources • Opportunities for improved parking management • Operational constraints • Regulatory constraints • Physical constraints affecting parking availability Task 5 – Future Parking Demand Analysis The consultant shall evaluate future parking demand under short-term, mid-term, and long-term planning horizons. The analysis shall consider: • Existing land uses • Anticipated redevelopment opportunities • Downtown development objectives • Population and employment trends • Transportation and mobility trends The consultant shall identify parking demand scenarios and evaluate anticipated future parking needs. 3 Task 6 – Parking Management and Optimization Strategies The consultant shall identify opportunities to improve parking utilization through operational and policy changes. Potential strategies may include: • Shared parking agreements • Employee parking programs • Parking time-limit modifications • Permit systems • Parking management policies • Signage and wayfinding improvements • Technology solutions • Operational improvements Task 7 – Capital Improvement Alternatives The consultant shall identify and evaluate potential capital investment opportunities, including: • Surface parking lot expansion • New public parking lots • Parking structure opportunities • Public/private parking partnerships • Property acquisition opportunities • Shared parking facilities For each alternative, the consultant shall identify: • Estimated parking supply added • Advantages and disadvantages • Site considerations • Order-of-magnitude cost estimates • Implementation considerations Task 8 – Financial and Funding Analysis The consultant shall prepare planning-level cost estimates for recommended improvements. The consultant shall identify and evaluate potential funding mechanisms, including: • Capital Improvement Program funding • Tax Increment Financing • Assessments / parking assessment district • Development participation • Public-private partnerships • County, state, and federal funding opportunities • Other applicable funding tools Task 9 – Implementation Plan The consultant shall prepare an implementation plan identifying: • Recommended actions • Priority ranking • Estimated costs • Potential funding sources • Responsible parties • Implementation schedule Recommendations shall be organized into: • Short-Term Actions (0-5 Years) • Mid-Term Actions (5-10 Years) • Long-Term Actions (10+ Years) 4 5. STAKEHOLDER AND PUBLIC ENGAGEMENT The consultant shall identify and facilitate a minimum of one public engagement activity with downtown property owners and stakeholders. Consultant shall also include: • Project kickoff meeting • Two (2) virtual status meetings with City staff • In person presentation of findings and recommendations to the Prior Lake EDA The consultant shall propose an engagement strategy appropriate for the project. 6. DELIVERABLES At a minimum, the consultant shall provide: • Project work plan • Existing parking inventory • GIS parking inventory data • Parking utilization analysis • Existing conditions assessment • Future parking demand assessment • Parking management recommendations • Capital improvement alternatives analysis • Funding and financing analysis • Draft report • Final report • Executive summary • Presentation materials All deliverables shall be provided in both PDF and editable digital formats. 7. PROPOSAL REQUIREMENTS Proposals shall include: 1. Cover Letter: An introductory document that summarizes the proposal and pertinent information. 2. Firm Qualifications and Experience: A short description of the firm’s ability to achieve the goals and objectives of the RFP and history to support the statement. 3. Project Understanding and Approach: The proposal should reflect the firm’s understanding of the proposed future of downtown Prior Lake. 4. Detailed Scope and Work Plan: The proposal should address how the scope of work is to be accomplished with a defined schedule and the methods employed by the consultant(s); each task must include a breakout of hours, unit rate and overall cost. 5. Project Schedule: An itemized schedule of tasks, goals, and benchmarks. 6. Project Team and Resumes: The proposal should clearly identify the names of key personnel and each person’s individual role/responsibility; it should provide resumes of persons to be involved in this planning process. 7. Relevant Project Experience (Team): The proposal should provide examples of other similar planning projects undertaken for public and/or private clients, including references. 8. References 9. Cost Proposal 10. Conflict of Interest Statement: The proposal should identify any possible conflicts of interest. 5 9. SELECTION CRITERIA City staff will review all complete proposals and forward a recommendation to the Prior Lake Economic Development Authority for consideration. Proposals will be evaluated by criteria, including but not limited to the following: • Understanding of project objectives • Quality of proposed methodology • Relevant experience • Qualifications of project team • Quality of previous work • Ability to meet schedule • Cost effectiveness • References The City reserves the right to interview selected firms and negotiate scope and fees. 10. CITY RIGHTS The City reserves the right to reject any or all proposals , waive informalities, request additional information, and negotiate modifications to proposals as deemed in the best interest of the City. 11. SUBMITTAL INSTRUCTIONS Proposals shall be submitted electronically in PDF format to: Casey McCabe Community Development Director City of Prior Lake 4646 Dakota Street SE Prior Lake, Minnesota 55372 Email: cmccabe@priorlakemn.gov DEADLINE: Proposals are due by Friday, ______________ by 4:30 PM City anticipates the following schedule: RFP Issued: [Date] Questions Due: [Date] Proposals Due: [Date] Consultant Selection: [Date] Project Kickoff: [Date] Draft Report: [Date] Final Report: [Date] 6 4646 Dakota Street SE Prior Lake, MN 55372 ECONOMIC DEVELOPMENT AUTHORITY AGENDA REPORT MEETING DATE: July 13, 2026 AGENDA #: 6B PREPARED BY: Casey McCabe, Community Development Director AGENDA ITEM: City of Prior Lake to the EDA Property Transfer Request DISCUSSION: Introduction The purpose of this agenda item is to consider a request for the City Council to transfer ownership of several city-owned parcels within the downtown area to the EDA for future economic development purposes. History The EDA currently owns three parcels in downtown that are being held for future redevelopment projects. These parcels include 4528 Colorado St., 4556 Colorado St., and 16298, Main Ave. During their May 11, 2026 meeting, EDA commissioners discussed requesting the City Council transfer nine parcels to the Prior Lake EDA. The parcels include: City staff discussed the proposed property transfers with the city council during the June 9, 2026 work session. The city council indicated support for the request as EDA ownership and consolidation of parcels may better facilitate future redevelop- ment projects. Current Circumstances Eight of the nine parcels identified are currently exempt from property taxes. The 16220 parcel is not exempt from property taxes as the property is being leased and does not meet the public purpose criteria. If acquired by the EDA, new property tax exemption requests would need to be submitted to Scott County for review. City staff believes these eight parcels would remain exempt as the previously approved public purpose criteria is not changing. Later in this agenda under item 7B, the EDA will be reviewing a proposed 2027 budget. The commission should take into consideration future property tax pay- ments and maintenance costs related to ownership of these parcels as part of their budget discussion. 2 Conclusion Staff is recommending the EDA request the City Council transfer ownership of the nine parcels identified above to the EDA for future economic redevelopment pur- poses. Should the EDA only wish to request the transfer of a portion of the parcels identified above, the recommended motion below may be amended. ALTERNATIVES: 1. Motion and second request the City Council to transfer ownership of the nine parcels identified within this report to the EDA for future economic redevelop- ment purposes. 2. Decline to approve the recommended motion. 3. Table item and continue discussion at a future meeting. RECOMMENDED MOTION: Alternative No. 1. ATTACHMENT: 1. Location Map & Description of Parcels City-Owned Property Requested for Transfer to EDA Address: n/a PIDs: 250020080, 250020060 & 250020102 Address: 4635 Colorado St. PID: 250011100 Address: 4577 Colorado St. PID: 250011140 Address: 16220 Main Ave. PID: 250010300 Address: n/a PID: 250010410 Address: 4570 Colorado St. PID: 250011220 Address: 4590 Colorado St. PID: 2500110040 4646 Dakota Street SE Prior Lake, MN 55372 ECONOMIC DEVELOPMENT AUTHORITY AGENDA REPORT MEETING DATE: July 13, 2026 AGENDA #: 7A PREPARED BY: Casey McCabe, Community Development Director AGENDA ITEM: Arts and Culture Committee Strategic Plan Approval and Funding Request DISCUSSION: Introduction The Arts and Culture Committee (ACC) has updated their Strategic Plan, which provides a framework for the planning and funding of future public art installa- tions throughout the community. Current Circumstances The purpose of the Strategic Plan is to identify specific initiatives to be completed over the next five years, with a focus on the short-term projects. By approving the Strategic Plan, the EDA is supporting the goals identified by the ACC and authorizing them to pursue the identified projects. The intent of the ACC is to evaluate and update this plan annually as projects are completed and priorities change. The plan will help ensure funds are availa- ble when projects are anticipated. The plan is an important tool to maintain and provide consistent investment in public art in the community and is a critical el- ement of responsible fiscal management. Conclusion The attached 2026-2030 Strategic Plan identifies short-, mid-, and long-term ACC priorities along with anticipated funding needs and funding sources to im- plement the projects. EDA members are encouraged to discuss any projects they do not feel should be identified in the plan and propose ideas for other priorities that may not be included. The attached Strategic Plan does include a funding request in the amount of $20,000 that will be discussed during the July 13th meeting. ALTERNATIVES: RECOMMENDED MOTION ATTACHMENT: 1. Motion and a second to approve the Arts and Culture Committee 2026-2030 Strategic Plan and authorize the allocation of $20,000 from the EDA 2026 Professional Services – General (240.46500.00-53100.80) to advance the projects and initiatives identified in the ACC Strategic Plan. 2. Provide direction to staff and the ACC and defer action on this item to a future meeting date. Alternative No. 1 1. ACC 2026-2030 Strategic Plan ARTS AND CULTURE COMMITTEE (ACC) 2026-2030 STRATEGIC PLAN Adopted May 21, 2026 by the PRIOR LAKE ARTS AND CULTURE COMMITTEE Erin Belanger-Braid, Chair Alejandra Pelinka, Vice Chair Cassandra Bryant, Secretary Marie Boucher-Hoese Adopted July 13, 2026 by the PRIOR LAKE ECONOMIC DEVELOPMENT AUTHORITY Kim Prchal, Chair Marie Boucher-Hoese, Vice Chair Tim Marco Zach Braid Victor Lake 1 TABLE OF CONTENTS Page 2 Public Art Criteria Page 2 Public Art Procedures Page 4 Short-Term (2026) Strategic Priorities This section provides a brief description of individual projects, identifies anticipated costs and funding sources for each project. Page 6 Mid- and Long-Term Priorities for Future Consideration This section provides a brief description of individual projects, identifies anticipated costs and funding sources for each project. Page 8 Recent ACC Accomplishments This section provides a brief description of individual projects recently completed or facilitated by the ACC. 2 Public Art Criteria • Artwork should be focused in highly trafficked areas for public viewing with a concentration on downtown plazas, city parks, community gathering spaces and municipal buildings. • Promote public spaces by encouraging a sense of ownership and pride within the community. • Enhance the physical and natural environment and encourage activity, relaxation, or contemplation of nature through the process of creative thought. • Exemplify the highest degree of social awareness, intellectual pursuit, ingenuity, and creative ability the community has to offer. • The artwork should be designed to promote longevity and be maintained within standard City, or appropriate party, maintenance procedures and cycles. Public Art Procedures The following is a process for determining project sites and which projects should receive support from the Arts and Culture Committee and/or EDA Budget. Project and site selection decisions are also contingent upon available staffing and funding. Project Selection • Project brings with it a specific need or an area where artwork is desired. Requests may be made by the private, public, or business community for artwork in specific locations on City property. • Commemorative events or memorials may also initialize projects. • Public Art pieces should be based on a standard set of guidelines including: o Representation – Does the artwork represent a notion or idea valued by sectors of the community? o Historical – Does the artwork have historical value? o Impact – Does the artwork have emotional, inspirational, or intellectual impact? o Budgetary – The purchase price, transportation, installation, and maintenance of the piece must be considered. o Technicality – Is the design technically feasible? o Creativity – Is the design visionary and creative? o Quality – Is the work the highest quality? Site Selection • The appropriateness of the artwork to the site and the site to the artwork are basic considerations. Site location shall be determined by its accessibility to the public. • Proposed sites shall be presented to the Economic Development Authority after receiving contributing opinions from directly related City Departments and their representatives. Artist Selection • Artists are selected with three (3) criteria in mind: o Appropriateness: Artist(s) are selected based on the appropriateness of their proposal to the project. o Communication: The artist(s) must have the ability to clearly communicate concepts both visually and through clearly written materials. o Performance: Does the artist(s) have a good professional history of being able to work cooperatively and finish projects on time? Artist Selection Process • Finding the right artist for a project is the highest priority. The standard artist selection process is designed to ensure only the highest quality, skilled and appropriate professionals are chosen and utilizes a six (6) step process: o The goals of the project must be clearly defined. 3 o Calls to artists are placed on the City of Prior Lake website, local and regional media, and social media accounts. o Staff reviews initial submissions for completeness and provides the Arts and Culture Committee with the most appropriate proposals for their review. o The Arts and Culture Committee reviews and narrows down the selection. o The finalists present a more developed proposal to the Arts and Culture Committee. o The Arts and Culture Committee presents the final selection to the Economic Development Authority for approval. • There are several types of art and artist selection processes: Open competitions, limited competitions, invitational, direct selection, mixed process, and direct purchase. o Open competitions Following public announcement of a project any artist or organization may submit proposals, as indicated by the notification. The competition is a two (2) step process in which initial proposals are submitted and narrowed, then followed by a second request to submit a more developed proposal. o Limited competitions The limited competition is defined by certain parameters. For example, the guidelines may define that the artist or organization must reside within a prescribed number of miles of the City or work only in a specific medium. o Invitational One or more artists may be invited to submit proposals for a specific project. o Direct selection An artist or design team is selected directly for a Public Art project. This process is enacted only during circumstances which deem other processes impractical such as time constraints or very particular project requirements. o Mixed selection This is a two-fold process that combines any two of the previously mentioned processes. o Direct purchase A completed piece of work is purchased for a specific site or project. Permanent Collections • Focus on local artisans. • Artworks in a collection with a reputation for high standards and quality often reflect positively on artists in the collection, local artists working in the community, as well as private citizens in the community. • The EDA and City Council shall approve all artworks proposed to be included in the permanent collection. • Acquisition may be made by purchase, gift, or donation. o Purchase ▪ May be acquired because of an art in public space initiative derived from public or private construction as well as Public Works projects. ▪ May require a signed contract between artist/fabricator, in agreement with the City of Prior Lake. ▪ Typically, a direct purchase, but could also be via open and limited competitions and invitations. o Gift ▪ May be gifted by local, national, and international artists or friends and families of artists who have impacted the community. ▪ A gift shall be accepted by the EDA and City Council. o Donation ▪ Often a donation from outstanding citizens or an organization wanting to share with the community the personal enjoyment a work of art has given them. 4 Short-Term (2026) Strategic Priorities / Recurring The Arts and Culture Committee has identified the following short-term priorities the committee intends to pursue in 2026. Sidewalk Stamping / Etching – The ACC plans to install a minimum of one downtown sidewalk etching in 2026. In addition, the ACC will evaluate acquiring a stamp or stamps representative of Prior Lake that can be incorporated in future projects when new sidewalks are poured. • Coordination between the ACC, EDA, City Council, Public Works, Potential Donors, Friends of the Arts PL (Ale, Erin) Prior Lake Community Artist Program – The ACC will draft an RFQ to identify a Community Artist to complete and install public art in the community. • Coordination between the ACC, EDA, City Council, Friends of the Arts PL (Ale, Cassy) Support Community Arts [ChalkFest, Pleasant St. Art Walk, Civic Groups, Music Events, Etc.] – The ACC will support existing community art events, including the Pleasant Street Art Walk, to ensure their continued success. • Coordination between the ACC, EDA, City Council, Public Works/Recreation, Potential Donors Supporting Community Arts (Marie) Incorporation of Arts Component in New Construction – ACC members will work with City staff to evaluate options to encourage public art components in new multi-family and commercial construction projects. Action may include updates to Prior Lake City Code to lessen requirements for landscaping, planting or architectural standards for projects that include public art. • Coordination between the ACC, EDA, Planning Commission, City Council, Community Development Staff, Developers (Ale, Marie, Erin) “Friends of Arts” Non-Profit Support – The Prior Lake Friends of the Arts nonprofit has been established for the purpose of fundraising and soliciting donations for future public art projects throughout the community. ACC members will provide support to the Friends of the Arts through the initial years as the nonprofit becomes more established in the community. • Coordination between the ACC, EDA, Non-Profit Organization (Erin, Cassy) 5 The ACC has a cash balance of $5,374.54 as of 12/31/25. The ACC anticipates $4,340 of the available funds would be used for initial costs to assist the Prior Lake Friends of the Arts nonprofit as that organization becomes more established. The ACC did not receive a formal allocation of funding from the Prior Lake EDA in 2025; however, the EDA expressed support for the ACC and indicated funding may be available for specific projects upon request. Below are the 2026 anticipated expenditures along with the source and use of the funds to accomplish identified strategic priorities. Strategic Priority Est. Cost ACC Fund Balance City of Prior Lake EDA Other / Private Donations 2026 Expenditure Sidewalk Stamps (2) / Etching (1) $3,500 $500 $3,000 $0 $3,500 Prior Lake Community Artist Program $17,000 $0 $17,000 $0 $17,000 Support Community Arts $750 $750 $0 $0 $750 Incorporation of Arts Component in New Construction TBD $0 $0 $0 $0 “Friends of Arts” Non-Profit $2,000 $2,000 $0 $0 $2,000 Total $23,250 $3,250 $20,000 $0 $23,250 Funding Source 6 Mid- and Long-Term Items for Future Consideration Educational Signage and Historical Markers (Sand Point and/or Watzl’s Beach/public boat launches) – Work with the Shakopee Mdewakanton Sioux Community and the City of Prior Lake to encourage educational displays around the community that provide historical information and the original Native American names for local points of interest. It is anticipated the initial efforts in this area will focus on Upper and Lower Prior Lake with educational displays at Watzl’s Beach and/or Sand Point Beach and/or public boat launches. CH21 Wagon Bridge Mural – Utilize the community artist program to identify an artist or artistes to complete a large- scale mural on and under the CH21 Wagon Bridge. Historic Lake Tour – In partnership with the Prior Lake Association or other civic groups, create a database of historic sites on Upper and Lower Prior Lake. This will potentially involve assistance from city staff or an outside organization utilizing GIS and QR Codes so residents and visitors can learn more about history while enjoying our lakes. Cora McQuestion Days – Explore a community event to honor Prior Lake’s first female mayor (Cora McQuestion Spirt of Prior Lake Award). Lakefront Park Art – In partnership with the City, identify future art installment options and locations within Lakefront Park. Community Arts Center – Study the feasibility of a community arts center for Prior Lake. Rotating Sculpture Walk – Establish a rotating sculpture walk program within the community. Community Arts Festival – Explore a community event, or enhance existing events, to promote art and culture in the community. Percent for the Arts Program – Work with the City to identify a percentage of all public street and infrastructure project costs to be used as funding to support future public art projects. Downtown Raised Planters Art – Enhance downtown planter beds by incorporating art. Round-A-Bout Art – A public art installation [sculpture, painting, or other] in one or more of the City round-a-bouts. Prior Lake Themed Benches – Prior Lake themed benches created and installed throughout the community with a nautical or outdoor recreation theme. Downtown Mural/Mosaic – Explore opportunities and locations for a mural, mosaic, or combination mural/mosaic in downtown Prior Lake. Crosswalk Art – In partnership with the City, identify an artist to replace standard crosswalk striping with a more decorative and eye-catching art piece. Historical Community Markers – Establish design criteria and identify locations for historical markers throughout the community. Utility Box Wraps – Evaluate artistic wraps for utility boxes and work with utility providers to place them in highly visible locations throughout the community. Promotion of Prior Lake Association Photo Contest Winners – In partnership with the Prior Lake Association, work to enhance the annual photo contest through promotion and display of the winning photographs. Potential revenue source for the Prior Lake Friends of the Arts Nonprofit. 7 Amazing Art Race – The ACC and Prior Lake Friends of the Arts will coordinate an “Amazing Art Race” event in the summer of 2026 to showcase the recent public art installations in the downtown area and as a fundraiser for the Friends of the Arts nonprofit. 8 Recent ACC Accomplishments Since the ACC was established by the Prior Lake Economic Development Authority in 2021, the committee has facilitated several noteworthy projects to increase public art in the community. • Fall of 2022 & Fall of 2023 - Created and ran a “Paint the Plow” event at the annual public works Somethin’ ‘Bout a Truck event. • Fall 2022 – Coordinated the fabrication and installation of a “Skateboard” park bench at the skate park within Lakefront Park. • Spring 2023 – Two sidewalk etchings completed at the NE corner of the Pleasant Street and Main Avenue intersection and in front of the Prior Lake VFW at 16306 Main Avenue. • Fall 2023 – Community Artist (Jacqui Rosenbush) mural installation at 16224 Main Avenue. 9 • Spring 2025 – Community Artist (Greg Mueller) sculpture installation at NW corner of CH21 and Main Avenue intersection. • Fall 2025 – Sidewalk Etching at the SE corner of the Main Avenue and Dakota Street intersection. • Fall 2025 – Booth at Pleasant Street Art Walk to promote the ACC and Prior Lake Friends of the Arts Nonprofit. 4646 Dakota Street SE Prior Lake, MN 55372 ECONOMIC DEVELOPMENT AUTHORITY AGENDA REPORT MEETING DATE: July 13, 2026 AGENDA #: 7B PREPARED BY: Casey McCabe, Community Development Director AGENDA ITEM: Proposed 2027 EDA Tax Levy and Budget Review DISCUSSION: Introduction The purpose of this agenda item is to review and discuss the proposed 2027 Prior Lake Economic Development Authority (EDA) tax levy and budget and provide direction to staff related to any proposed revisions. History The EDA annually reviews and requests City Council approval of the EDA tax levy and budget. The EDA cannot levy a tax without city council approval, as Article 10.2 of the EDA Bylaws requires city council approval of the EDA annual budget. Current Circumstances City staff has proposed a draft 2027 budget for EDA review, which is summarized as follows: ➢ The budget includes estimated revenues of $458,100 and estimated ex- penditures of $692,927. ➢ Estimated revenues include an EDA tax levy of $405,000, interest earnings of $26,100 and facility rentals of $27,000. ➢ The EDA tax levy is proposed to remain unchanged from 2026. ➢ The budget includes a planned use of EDA fund balance of $234,827. ➢ The budget includes 50% personnel support for one staff member and 25% personnel support for two staff members. ➢ The budget includes a planned expenditure of $385,000 for property ac- quisition; a specific property(ies) has not been identified. ➢ As in recent years, the proposed 2027 budget includes a $75,000 expendi- ture in the Professional Services – General line item should the EDA wish to conduct or participate in any economic development related studies. Minnesota Statutes 469.107 provides authority to levy taxes for an Economic De- velopment Authority. A city may, at the request of the authority, levy a tax in any year for the benefit of the authority. The tax must be not more than 0.01813 per- cent of estimated market value. Based on 2027 preliminary valuation data, Prior Lake is anticipating a total estimated market value of $5,929,639,937 which would allow for a maximum EDA tax levy of $1,075,044. City staff is proposing an EDA tax levy of $405,000. Arts and Culture Committee Funding The EDA established the Arts and Culture Committee (ACC) in 2021. Since that time, the EDA has annually allocated a portion of its Professional Services – Gen- eral funding to the ACC to help achieve mutually agreed upon strategic priorities. 2 Staff is requesting direction from the EDA related to a funding allocation to the ACC in 2027. ISSUES: The EDA should provide direction to staff if they would like to see any revisions to the proposed 2027 budget and tax levy. Following direction from the EDA, staff will prepare a resolution for EDA consideration at their August 10, 2026 meeting requesting City Council approval of the proposed 2027 Prior Lake EDA tax levy and budget. The recommended 2027 EDA budget and tax levy will be presented to the City Council as they consider adoption of the preliminary 2027 budget and tax levy at their September 22, 2026 meeting. FINANCIAL IMPACT: Staff is estimating the EDA 2026 year-ending fund balance will be $1,863,000; however, $897,000 of this balance is restricted as it represents assets held for resale. The estimated EDA 2026 year-ending cash balance is $965,000. The pro- posed budget estimates a 2027 year-ending fund balance of $1,628,000 with $897,000 represented by assets held for resale. ALTERNATIVES: 1. Provide direction to staff and continue discussion at a future meeting. RECOMMENDED MOTION: Alternative #1. ATTACHMENT: 1. Proposed 2027 EDA Expenditures Proposed EDA 2027 Budget (FOR DISCUSSION PURPOSES) 2024 2025 2026 2027 ACTIVITY ACTIVITY BUDGET PROPOSED GL NUMBER DESCRIPTION BUDGET 240-46500.00-51100.01 Wages - Full Time $100,453 $118,995 $140,424 $145,264 240-46500.00-51100.05 Wages - Commissioners $1,200 $1,750 $2,250 $2,250 240-46500.00-51110.01 Overtime - Full Time 240-46500.00-51208.01 Sick Leave - Buy Down $1,906 $1,854 240-46500.00-51301.00 Accrued Comp Time 240-46500.00-51400.00 Compensated Absences $610 $893 $1,053 $1,089 240-46500.00-51450.00 Social Security Contributions $6,218 $7,394 $8,964 $9,261 240-46500.00-51451.00 Medicare Contributions $1,454 $1,730 $2,096 $2,166 240-46500.00-51460.00 PERA Contributions $7,534 $8,925 $10,577 $10,940 240-46500.00-51463.00 MN Paid Leave Contributions $29 $636 $724 240-46500.00-51470.00 Health Insurance $7,472 $9,718 $12,309 $14,604 240-46500.00-51472.00 Retiree HCSP Contributions $235 $282 $420 $420 240-46500.00-51473.00 Dental Insurance $319 $386 $491 $540 240-46500.00-51474.00 Life Insurance $51 $58 $68 $68 240-46500.00-51477.00 Workers Compensation Insurance $626 $225 $604 $447 240-46500.00-52010.00 Office Supplies 240-46500.00-53020.00 Legal Services $1,088 $1,000 $3,000 240-46500.00-53100.80 Professional Services - General $10,142 $88,749 $75,000 $75,000 240-46500.00-53210.00 Telecommunications 240-46500.00-53310.10 Training and Employee Development $500 240-46500.00-53510.00 Required Notice Publication 240-46500.00-54010.51 Maint Agreements Misc Bldg & Structures $2,000 $15,000 240-46500.00-54310.00 Memberships and Subscriptions $250 $300 240-46500.00-54320.00 Miscellaneous Expense $19,764 $9,872 $10,000 $15,000 240-46500.00-55040.00 Projects - Property & ROW Acquisit'n $385,000 $385,000 240-46500.00-55050.00 Projects - Professional Services $9,500 $10,000 $165,578 $250,094 $655,548 $692,927