HomeMy WebLinkAbout9B - Work Session Plans
PRIOR LAKE
ECONOMIC DEVELOPMENT AUTHORITY
MEETING DATE:
AGENDA #:
PREPARED BY:
NOVEMBER 15, 1999
9B
DONALD RYE, PLANNING DIRECTOR
AGENDA ITEM:
CONSIDER WORK SESSION TO DISCUSS DRAFT
REDEVELOPMENT, PHASING AND FINANCING PLAN
DISCUSSION:
A work session will be held on Monday, November 29, 1999 at 7:00
PM in the Council Chambers. Mark Koegler will be present to discuss
a draft redevelopment plan for the Downtown as well as preliminary
phasing, implementation and financing plans. Materials regarding this
item will be distributed to EDA members before the meeting.
REVIEWED BY:
Frank Bo
In addition, t~e,A " DA will review an outline of the presentation to be
given to the C}tJjCouncil concerning the proposed EDA levy.
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1620~~\~\~.~\9lPflM9R.~ Minnesota b5372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245
AN EQUAL OPPORTUNITY EMPLOYER
November 12, 1999
Diane Knutson
Economic Development Specialist
Office of Business Development and Finance
FAX #651-296-5287
RE: Business Prospect - Ski Boat Manufacturer
Dear Ms. Knutson:
The City of Prior lake received your fax on the request for a site for a boat
manufacturing business. We believe we have a site in the City of Prior Lake
suitable for this development.
The City of Prior lake Economic Development Authority developed the
Waterfront Passage Business Park on the southeast end of the City several
years ago to promote business opportunities in the City of Prior Lake. The
'business park is located within easy access to five major transportation routes.
1-35W, and 1-35E are located directly south and east of the site via the recently
completed CSAH 21 (185th Street). Highway 169 to the north is directly
accessible via CSAH 18 or CSAH 83, or via State Highway 13. The new
Bloomington Ferry Bridge provides convenient access to both 1-494 and 1-94.
The EDA has one 4.17 acre vacant parcel available for development. The park
is fully equipped with all municipal services, including streets, sanitary sewer and
water. The business park is also zoned C-5 (Business Park) and includes
manufacturing/processing operations and offices as permitted uses. A 30,000 to
40,000 square foot building will easily fit on this site. In addition, the park is
designated as an economic development district. The use of Tax Increment
Financing is available for a qualifying project.
The City of Prior Lake is an ideal location for a boat manufacturer. Prior Lake, a
1,200 acre recreational lake, is located fully within the City limits. The linear
configuration of the lake is ideal for recreational boating.
16200 E1~~~et~~~~a;!.~~~~:~.~ Prior Lake. Minnesota 55372-1714 / Ph. (612) 447-4230 / Fax (6f~~447-4245
AN EQUAL OPPORTUNITY EMPLOYER
Thank you for the opportunity to respond to this request. Any questions about
the use of TIF or other incentives should be addressed to the EDA's consultant,
Roger Guenette at Advance Resources, 507-387-7117. Any other questions
may be addressed to me at 612-447-9811.
Donald R. Rye
Planning Direc or
Enclosure
c: Roger Guenette, Advance Resources
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