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Home My WebLink About10 12 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, October 12, 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.PriorLakeMN.gov Please follow this file path: Agendas & Minutes / Economic Development Authority / 2026 / October 12, 2026 1. CALL TO ORDER 2. APPROVAL OF AGENDA 3. APPROVAL OF MEETING MINUTES A. September 14, 2026 4. CONSENT AGENDA A. Monthly Development Update (9/30/2026) 5. REMOVED CONSENT AGENDA ITEMS 6. OLD BUSINESS A. Downtown Parking Study Update B. Downtown Parking Lot Update 7. NEW BUSINESS A. Resolution Appointing Arts & Culture Committee Members 8. OTHER BUSINESS A. Staff Updates B. Commissioner Comments 9. ADJOURNMENT PRIOR LAKE ECONOMIC DEVELOPMENT AUTHORITY MEETING MINUTES September 14th, 2026 Parkview Conference Room 1. CALL TO ORDER EDA Member Marco called the meeting to order at 4:04 p.m. In attendance were Lake and Marco, with Prchal attending virtually. Absent: Boucher-Hoese and Braid. Also, present were Executive Director Wedel, Community Development Director McCabe, and Development Services Assistant Peppin. 2. APPROVAL OF AGENDA McCabe requested agenda item 7D be added titled Authorization of the EDA President to sign the Release from and Certification of No Interest or Claims Under Development Agreements. MOTION BY LAKE, SECONDED BY PRACHAL TO APPROVE THE AGENDA WITH THE ADDITION OF ITEM 7D. Ayes by Prchal, Marco, and Lake. That motion carried 3-0. 3. APPROVAL OF MEETING MINUTES MOTION BY LAKE, SECONDED BY PRACHAL TO APPROVE THE JULY 13, 2026, MEETING MINUTES. Ayes by Prchal, Marco, and Lake. That motion carried 3-0. 4. CONSENT AGENDA A. Monthly Development Update (8/31/2026) B. Resolution Appointing an Arts & Culture Committee Member MOTION BY PRACHAL, SECONDED BY LAKE TO APPROVE THE CONSENT AGENDA. Ayes by Prchal, Marco, and Lake. That motion carried 3-0. MOTION BY PRACHAL, SECONDED BY LAKE TO APPROVE THE RESOLUTION APPOINTING CASSANDRA BRYANT TO THE ARTS AND CULTRUE COMMITTEE. Ayes by Prchal, Marco, and Lake. That motion carried 3-0. 5. Removed Consent Agenda Items None 6. Old Business A. Resolution Approving Request for 2027 EDA Budget and Tax Levy Community Development Director McCabe introduced the item and provided an overview of the revisions made to the proposed 2027 EDA levy and budget since it was last reviewed by the EDA in July 2026. 4646 Dakota Street SE Prior Lake, MN 55372 Commissioners discussed the proposed 2027 EDA levy and budget. MOTION BY PRACHAL, SECONDED BY MARCO TO APPROVE A RESOLUTION APPROVING THE 2027 ECONOMIC DEVELOPMENT AUTHORITY TAX LEVY BUDGET. Ayes by Prchal, Marco, and Lake. That motion carried 3-0. 7. NEW BUSINESS A. Downtown Parking Study RFP Reponses Community Development Director McCabe introduced the item, noting its purpose was to review responses to the Request for Proposals (RFP) for a downtown parking study and implementation strategy, and to select a preferred consultant. McCabe noted the downtown parking study RFP was sent to six consulting firms and a total of four responses were received. Two of the responses included a joint proposal from two consulting firms, so all six consultants provided a response. McCabe reviewed the qualifications of each firm noting all were well qualified to perform the study and all expressed a strong understanding of the scope of work, including public engagement which was a priority for the EDA. Commissioners evaluated the proposals and felt all were very detailed and all firms were capable of producing high-quality work. The commission ultimately favored the proposal submitted by Transportation Collaborative & Consultants (TC2) and directed staff to move forward with a contract with TC2 to get the study underway. Commissioners also directed staff to contact TC2 to determine whether a second public engagement (roundtable or other) event could be scheduled on the front end of the study to further enhance public participation in this process. Commissioners discussed the funding source for the project and supported utilizing 2026 EDA Professional Services – General funds. Commissioners asked staff to evaluate 2026 Public Works and Community Development budgets to determine if there are any funding sources available to offset the cost of the study to the EDA. MOTION BY PRACHAL, SECONDED BY LAKE TO AUTHORIZE THE CITY MANAGER / EDA EXECUTIVE DIRECTOR WEDEL TO ENTER INTO A CONTRACT WITH TRANSPORTATION COLLABORATIVE & CONSULTANTS TO COMPLETE THE DOWNTOWN PARKING STUDY, Ayes by Prchal, Marco, and Lake. That motion carried 3-0. B. EDA Commission Size Discussion – Discussion Only. Community Development Director McCabe presented the item and introduced the topic of potentially increasing the commission size from five members to seven. Commissioners discussed the current commission structure and whether additional members would be beneficial or if it should remain a five-member body. Commissioners noted the committee is functioning very well as a five-member body and acknowledged increasing membership size may be beneficial if subject matter experts in financing, construction, land development, etc. were identified in the community. Commissioners appreciated the discussion so they could keep this option available in the future and decided to table the discussion and revisit the topic in a few months. C. Downtown Nonconforming Property Review – Discussion Only Community Development Director McCabe introduced an updated map showing city/EDA-owned properties, nonconforming use, and current zoning in the downtown area. Commissioners reviewed all EDA-owned properties as part of a discussion on recent redevelopment activities and potential future acquisition or redevelopment opportunities. D. Authorization of the EDA President to sign the Release from and Certification of No Interest or Claims Under Development Agreements. Community Development Director McCabe explained the item, noting that the document shared with commissioners via email last week was drafted by the attorney representing a downtown property owner. This property is being sold and the title company identified potential encumbrances related to previously recorded TIF development agreements, which have since been decertified. McCabe noted staff and the seller’s attorney have been discussing another approach to simply terminate these agreements but requested the EDA authorize the EDA Chair to execute the document, as may be revised by the City Attorney, so that option would remain available if needed. Commissioners reviewed the document and discussed the need for the signature. MOTION BY LAKE, SECONDED BY MARCO TO AUTHORIZE THE EDA PRESIDENT TO SIGN THE RELEASE FROM AND CERTIFICATION OF NO INTEREST OR CLAIMS UNDER DEVELOPMENT AGREEMENTS, AS REVISED AND APPROVED BY THE CITY ATTORNEY. Ayes by Prchal, Marco, and Lake. That motion carried 3-0. 8. OTHER BUSINESS A. Staff Updates i. Downtown Parking Lots Community Development Director McCabe reported that appraisals have been completed for City of Prior Lake and VFW surface parking lots in the downtown area. He noted a VFW subcommittee will be meeting on September 17th to review the appraisal and consider making a proposal to the City/EDA which may enhance available public off-street parking downtown. ii. EDA Property Lease Status McCabe provided an update on an EDA property lease at 16298 Main Avenue which is set to expire on October 31, 2026. Commissioners supported offering a one-year lease agreement with mutual one-year renewal term. B. Commissioner’s Comments It was noted Chair Prchal was recently appointed to another term on the EDA by the Prior Lake City Council. 9. ADJOURNMENT MOTION BY LAKE, SECONDED BY MARCO TO AJOURNED THE MEETING. Ayes by Prchal, Marco, and Lake. That motion carried 3-0. The meeting adjourned at 5:10 p.m. Submitted by Sandra Peppin. 4646 Dakota Street SE Prior Lake, MN 55372 ECONOMIC DEVELOPMENT AUTHORITY AGENDA REPORT MEETING DATE: October 12, 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 September 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 September 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: October 12, 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 September 30, 2026. Name Address Type (New Const. or Add/Alt) Previous Tenant/Owner New C/I Sq. Ft. Status Lightbridge Academy 3830 Fountain Hills Drive New Construction Vacant 11,160 Issued Dunkin' / Baskin Robbins 5020 160th St. E.Alteration Burger King 0 Completed Cora Apartment Restaurant/Rooftop 4662 Dakota St. SE New Construction SF Homes 2,905 Issued Prior Lake Revival II 16220 Duluth Ave. SE New Construction Vacant 10,910 Issued SDDI Signs 17125 Adelmann St. Addition SDDI Signs 9,200 Issued TOTAL 34,175 2026 Prior Lake Commercial Activity Single Family Dwellings 29 $20,626,355.00 23 $14,373,523.00 Townhouses (# units)0 $0.00 4 $672,000.00 Multiple Units 2 $23,500,000.00 1 $5,500,000.00 New Commercial Industrial & Commercial 3 $5,410,000.00 3 $7,475,098.00 Residential 639 $13,843,350.95 702 $14,371,111.11 Industrial & Commercial 41 $13,828,728.00 24 $3,481,968.00 tMechanical 886 $0.00 866 $0.00 ttMechanical (SF & TH)116 $0.00 108 $0.00 TOTALS 1,716 $77,208,433.95 1,731 $45,873,700.11 68.31% -27.63% -3.67% 297.15% n/a n/a 2026 Year to Date 2025 Year to Date New Residential 2.31% 7.41% Number of Permits % Increase / Decrease Increase/Decrease Declared Value % Increase / Decrease 43.50% -100.00% 327.27% 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 26.09% -100.00% 100.00% 0.00% -8.97% 70.83% Number of Permits Declared Value -0.87% 4646 Dakota Street SE Prior Lake, MN 55372 ECONOMIC DEVELOPMENT AUTHORITY AGENDA REPORT MEETING DATE: October 12, 2026 AGENDA #: 6A PREPARED BY: Casey McCabe, Community Development Director AGENDA ITEM: Downtown Parking Study Update DISCUSSION: Introduction The purpose of this agenda item is to update the EDA on the status of the Down- town Parking Study. Staff will provide an update related to the items below. ➢ Contract was entered into between the EDA and Transportation Collab- orative & Consultants, LLC (TC2). • TC2 proposal was amended at the request of the EDA to include one additional community engagement event prior to drafting the parking study; total study cost is $43,492. ➢ Staff identified $9,000 in the 2026 Community Development Budget to offset EDA expenditures related to this study. • City Council will consider a resolution authorizing the fund transfer from Community Development to the EDA at their October 13th meet- ing. ➢ TC2 has already completed one week of data collection. • Data collection was completed during two community events; Heart- Toberfest and Saturday morning farmer’s market. ➢ Staff will be meeting with TC2 the week of October 12th to review prelim- inary findings and discuss timing for the first community engagement event. ALTERNATIVES: 1. Information and discussion only. 4646 Dakota Street SE Prior Lake, MN 55372 ECONOMIC DEVELOPMENT AUTHORITY AGENDA REPORT MEETING DATE: October 12, 2026 AGENDA #: 6B PREPARED BY: Casey McCabe, Community Development Director AGENDA ITEM: Downtown Parking Lot Update DISCUSSION: Introduction The purpose of this agenda item is to update the EDA on the status of discus- sions related to a potential downtown parking lot purchase or property exchange with the VFW. Executive Director Wedel and Community Development Director McCabe at- tended a VFW parking lot committee meeting on September 28th to discuss a potential EDA acquisition of a portion of the VFW parking lot for use as public parking and possible future redevelopment or a potential land exchange where the EDA would receive a portion of the current VFW surface parking lot and the VFW would receive the city-owned surface parking lot at the intersection of Main Avenue and Pleasant Street. Staff will provide an update to the EDA during the October 12th meeting and receive direction from the EDA on how they wish to proceed. ALTERNATIVES: 1. Provide direction to staff. 4646 Dakota Street SE Prior Lake, MN 55372 ECONOMIC DEVELOPMENT AUTHORITY AGENDA REPORT MEETING DATE: October 12, 2026 AGENDA #: 7A PREPARED BY: Casey McCabe, Community Development Director AGENDA ITEM: Resolution Appointing Arts and Culture Committee Members DISCUSSION: Introduction The purpose of this agenda item is to approve a resolution to appoint two new mem- bers to the Arts and Culture Committee (ACC). Background Members of the ACC serve three-year terms and are term limited to three terms. The ACC currently has vacancies due to the resignation of members. In compliance with the ACC Bylaws, a notice of the vacancy was made public, and individuals were encouraged to apply for the position. Five applications were re- ceived and all candidates were invited to interview. Four applicants were interviewed by ACC Chair Belanger Braid, EDA commissioner & ACC member Boucher-Hoese, and staff liaison McCabe. Current Circumstances The ACC interview committee was very impressed with all candidates and is recom- mending the appointment of two new members to the committee; Emily Davis and Maggie Snyder. Conclusion Per the terms of the ACC Bylaws, the EDA may accept or reject the recommenda- tion. If the recommendation is rejected, the EDA may appoint another individual or reopen the application period and invite new candidates to apply. ALTERNATIVES: RECOMMENDED MOTION 1. Motion and second approving a resolution appointing Emily Davis and Maggie Snyder to serve on the Arts and Culture Committee. 2. Motion and second to reject the recommended appointments and appoint an- other individual(s) or reopen the application period and invite new candidates to apply. Alternative No. 1 4646 Dakota Street SE Prior Lake, MN 55372 RESOLUTION 26-04 EDA A RESOLUTION APPOINTING MEMBERS TO THE ARTS AND CULTURE COMMITTEE Motion By: Second By: WHEREAS, The Prior Lake Arts and Culture Committee (ACC) has vacant positions; and WHEREAS, A notice of vacancy was made public and individuals were encouraged to apply; and WHEREAS, Five applications were received and all candidates were offered an opportunity to be interviewed; and WHEREAS, On October 12, 2026, the EDA considered the recommendation of the ACC interview committee to appoint Emily Davis and Maggie Snyder to the ACC. NOW THEREFORE, BE IT HEREBY RESOLVED BY THE ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF PRIOR LAKE, MINNESOTA as follows: 1. The recitals set forth above are incorporated herein. 2. The following individuals are appointed to fill the following terms: Appointee Appointment Starts Appointment Ends Term Limit Emily Davis November 1, 2026 October 31, 2029 October 31, 2035 Maggie Snyder November 1, 2026 October 31, 2029 October 31, 2035 PASSED AND ADOPTED THIS 12th DAY OF OCTOBER 2026. VOTE Prchal Braid Lake Boucher- Hoese Marco Aye ☐ ☐ ☐ ☐ ☐ Nay ☐ ☐ ☐ ☐ ☐ Absent ☐ ☐ ☐ ☐ ☐ Abstain ☐ ☐ ☐ ☐ ☐ ______________________________ Jason Wedel, Executive Director