HomeMy WebLinkAbout03 16 2026 EDA Meeting Minutes PRIOR LAKE ECONOMIC DEVELOPMENT AUTHORITY
MEETING MINUTES
Originally scheduled for Monday, March 9, 2026 4:00 p.m. (postponed)
Meeting held on March 16th, 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, Lake, Marco, and
Boucher-Hoese. Absent: Braid. Also, present were Executive Director Wedel, Community
Development Director McCabe, and Deputy Clerk / Administrative Assistant Kooiman.
2. APPROVAL OF AGENDA
MOTION BY LAKE, SECONDED BY BOUCHER-HOESE TO APPROVE THE AGENDA
Ayes by Prchal, Boucher-Hoese, Lake and Marco.
That motion carried 4-0.
3. APPROVAL OF MEETING MINUTES
MOTION BY MARCO, SECONDED BY LAKE TO APPROVE THE JANUARY 12, 2026, MEETING
MINUTES.
Ayes by Prchal, Boucher-Hoese, Lake and Marco.
That motion carried 4-0.
4. CONSENT AGENDA
A. Monthly Development Update (2/28/2026)
MOTION BY MARCO, SECONDED BY BOUCHER-HOESE TO APPROVE THE CONSENT
AGENDA.
Ayes by Prchal, Boucher-Hoese, Lake and Marco.
That motion carried 4-0.
5. Removed Consent Agenda Items
6. Old Business
A. None.
7. NEW BUSINESS
A. Consider Fast-Track Business Challenge Sponsorship
Community Development Director McCabe: gave a brief presentation on the request from the
Scott County CDA for sponsorship of the 10th annual Fast-Track Challenge.
Commissioner discussed sponsorship level and agreed to stay at the bronze level sponsorship
as in previous years provided the funds are used to support marketing or some other event
function and not used as a cash award to one of the event winners.
MOTION BY BOUCHER-HOESE, SECONDED BY MARCO TO APPROVE A RESOLUTION
26-01 APPROVING FAST – TRACK SPONSORSHIP AND AUTHORIZING THE EDA
EXECUTIVE DIRECTOR TO EXECUTE THE SPONSORSHIP AGREEMENT.
Ayes by Prchal, Boucher-Hoese, Lake and Marco.
That motion carried 4-0.
4646 Dakota Street SE
Prior Lake, MN 55372
B. Colorado Street Demolition and Parking
Community Development Director McCabe: Provided a summary of work completed by staff
following discussion on the potential removal of one or both homes owned by the EDA on
Colorado Street. McCabe presented a proposal and estimated costs for one of the homes to
be removed and replaced with a surface parking lot which would allow the EDA and City of
Prior Lake to utilize redevelopment tax increment financing in the future, if desired.
Commissioners discussed cost estimates and where funds would be provided from.
Commissioners ultimately did not support removing one home and constructing a surface
parking lot due to the cost, temporary nature of the parking, and low return on investment.
Commissioners recommended staff research other options to identify more permanent parking
in the downtown are to better utilize available funds.
8. OTHER BUSINESS
A. Staff Updates
B. Commissioner’s Comments
Commissioners recommended staff pursue an updated downtown parking study to analyze
existing parking demand and future parking options once Chula’s restaurant is operational.
9. ADJOURNMENT
MOTION BY LAKE, SECONDED BY BOUCHER-HOESE TO AJOURNED THE MEETING.
Ayes by Prchal, Boucher-Hoese, Lake and Marco.
That motion carried 4-0.
The meeting adjourned at 4:57 p.m.
Submitted by Megan Kooiman.