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Home My WebLink AboutSeptember 22, 1999 PRIOR LAKE ECONOMIC DEVELOPMENT AUTHORITY MEETING Wednesday, September 22,1999 5:30 p.m. Fire Station City Council Chambers 1. Call to Order 2. Pledge of Allegiance 3. Approval of Minutes - August 16, 1999 4. Consent Agenda - Invoices to be paid. 5. Presentations a) Les Sonnabend - Growth pressures from a school district perspective. 6. Public Hearings 7. Old Business a) Status report from Commissioners on Business Retention and Expansion Strategies survey. b) Status of ED A Levy. c) Discussion about status of Downtown Redevelopment Study and plans for its completion. 8. New Business a) Review and feedback of proposed Scott County Economic Development Incentives Policy. 9. Other Business a) Review 1999 EDA Goals and Objectives. 10. Announcements or Correspondence a) Savage Business Park Development. b) 1.7 acre Tower/Toronto property. c) Scott Rice Telephone status. 11. Adjournment, 7:00 p.m. L:\99FILES\99EDA\EDAAGEND\AG092299.DOC 16200 Eagle Creek Ave. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245 AN EQUAL OPPORTUNITY EMPLOYER PRIOR LAKE ECONOMIC DEVELOPMENT AUTHORITY MEETING Monday, August 16, 1999 5:30 p.m. Fire Station City Council Chambers Call to Order and Pledge of Allegiance. Those present were President Barsness, Commissioners Kedrowski, Jader and Schenck, Executive Director Boyles, City Attorney Pace, Planning Director Rye, Assistant City Manager Woodson and Recording Secretary Meyer. Commissioner Underferth was absent. Approval of July 19. 1999 Meeting Minutes: MOTION BY SCHENCK, SECOND BY JADER, TO APPROVE THE JULY 19, 1999 MEETING MINUTES. VOTE: Ayes by Barsness, Jader and Schenck, the motion carried. CONSENT AGENDA: Consider Approval of Payment of Invoices MOTION BY SCHENCK, SECOND BY JADER, TO APPROVE PAYMENT OF INVOICES. VOTE: Ayes by Barsness, Jader and Schenck, the motion carried. PRESENTATIONS: None. PUBLIC HEARINGS: None. OLD BUSINESS: Review Business and Expansion Strategies Survey. BOYLES: Reviewed the agenda item in connection with the staff report, together with the action and input requested by staff, including the survey itself, proposed cover letter, and overall timeline. SCHENCK: Asked if on the survey, it was necessary to provide specific directions to the interviewer, and also asked how the survey would be tabulated. Also commented that a subcommittee for tabulating survey results may be appropriate. BOYLES: Clarified that the survey as submitted is intended to be a "cheat sheet" for the interviewer. Also commented that a subcommittee is the direction that staff is looking for. Discussion occurred regarding extending the timeline for one week and to discuss the item at the October meeting. Commissioner JADER suggested several modifications to the cover letter, and the Commissioners agreed. The survey will be sent out on August 17, 1999. 16200 Eagle Creek Ave. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245 AN EQUAL OPPORTUNITY EMPLOYER .-- Economic Development Authority Meeting Minutes August 16, 1999 MOTION BY SCHENCK, SECOND BY JADER, TO APPROVE THE SURVEY PACKET AS AMENDED. VOTE: Ayes by Barsness, Kedrowski, Jader and Schenck, the motion carried. Discuss EDA Levy. BOYLES: Discussed the revised proposed budget and its affect on the EDA's levy recommendation to the City Council. Advised that the difference was thf3 promotional dollars for EDA projects, and an HRA levy. Advised that all operating expenses fall under the General Fund budget and the EDA levy would be devoted to establishment of a Revolving Loan Fund as well as land acquisition. Further advised that after discussing the Downtown Redevelopment with the consultant from Hoisington Koegler, he believed that a levy was important at this time or the EDA will have no fund established in December 1999 when the Downtown Redevelopment Plan is finished, and no funds will be available even in a limit amount until 2001. Further noted that there is an overall reduction in the City's portion of property taxes projected at 4%. With the EDA levy that projected reduction in the City portion- becomes approximately 1 %. Also discussed the funding options available through TIF districts. SCHENCK: Suggested itemizing on the Truth-in-Taxation statement that the EDA levy be described as the Downtown Redevelopment Levy. BOYLES: Clarified that the Truth-in-Taxation is required to be in a specific format, but that there are other methods by which the City can get the word out. KEDROWSKI: Suggested that it be clear to the public that the EDA is recommending the levy, but that it is subject to approval by the City Council. Also suggested an information sheet be attached to the proposed budget in terms of how the money will be used when presented to the City Council. .eAcE: Noted that the authority to recommend the levy is authorized by statute under 469.033, but that the City Council must approve the levy. JADER: Questioned what would happen to the funds collected if the project did not go forward. BOYLES: Clarified that the final levy is subject to revision up to the date the Council authorizes the property tax levy, which is in December. Noted that the levy can not increase, but based on the results of the Downtown Redevelopment Report, the levy amount may be reduced, even to zero, prior to final adoption. BARSNESS: Commented that it is clear from the Community Survey that the public is willing to contribute and participate in improving the Downtown area. In the whole perspective, this is a relatively small amount of money. If the EDA doesn't take some action to generate some dollars, the viability of the project will be significantly decreased. MOTION BY KEDROWSKI, SECOND BY SCHENCK, TO APPROVE THE LEVY RECOMMENDATION TO THE CITY COUNCIL. VOTE: Ayes by Barsness, Kedrowski, Jader and Schenck, the motion carried. 1:\ADVBODYS\EDA\MINUTES\99\081699.DOC 2 -, - I, l' ,~ . ""!:"~"'l"'-'" - ."!"" '- ~ -.-..... ~ Economic Development Authority Meeting Minutes August 16, 1999 NEW BUSINESS: NONE. OTHER BUSINESS: Review 1999 EDA Goals and Objectives BOYLES: Acknowledged that Don Rye had very nicely re-organized the EDA goals and objectives to be more specific to the goals of the EDA. Also reviewed the current attainable objectives and projects of the EDA. SCHENCK: Asked for clarification that the Deerfield property identified is the commercial portion. BOYLES: Confirmed and noted the change. KEDROWSKI: Advised that the results of the Community Survey indicate that residents want to maintain a small town feel. Thought it appropriate to identify and define some of the EDA's goals and objectives within that context. Promotion of a small town identity is also a good sales tool and something people should know about as the City proceeds with addressing its goals and the redevelopment of Downtown. Suggested incorporating such language into the EDA's vision statement and/or goals. President BARSNESS brought up the issues surrounding Priordale Mall. KEDROWSKI: Commented that the recent news article did not reflect that the City has attempted to work with Mr. Soderman in coming to some concept for the redevelopment of Priordale Mall. The initiative is really in the hands of Mr. Soderman as the single owner of the property. BARSNESS: Suggested staff make the discussed revisions and that we revisit this issue. Asked Roger Guenette for an update of the 4.17 acre parcel in the industrial park. .BYE: Advised that the contract has been let for the wetland mitigation. GUENETTE: Noted that we will continue to look for a prospective buyer, but that progress is really stalled until the wetland mitigation is complete. The site would allow for approximately a 40,000-50,000 sq. ft. building maximum, even though the ordinance allows up to 90,000. The parcel is not really accessible to split due to its configuration. The only other marketing methods would probably be publications, but they are rather expensive. For projects of this size, prospects will come to you when they are ready, if your site isn't ready, they will go someplace else. The asking price is currently $2.00 /sq. ft. plus the costs for the soil correction, even though we are reserving specifics at this time until a project is identified. BOYLES: Suggested having Commissioners advise current business owners of the property availability during their survey interviews. Commissioners concurred. GUENETTE: Discussed the EDA levy in connection with the Downtown redevelopment and that it will be necessary to obtain some substantial private investment. The hardest part will come after the I :\ADVBODYS\EDA\MI NUTES\99\081699.DOC 3 '-~ Economic Development Authority Meeting Minutes August 16, 1999 Downtown Redevelopment plan is complete. SCHENCK: Suggested recontacting Scott-Rice Telephone for the 4.17 acre site. Also asked if the post office would be a prospect. GUENETTE: We have contacted the post office about the site, but have not heard back. Also noted that the post office is not in any hurry to find a site. BOYLES: Commented that his understanding was that in determining a site, retail was a primary concern and the 4.17 acre site probably is not conducive to their objectives. SCHENCK: Asked if the City should consider building for specifications at the 4.17 acres site. GUENETTE: That concept is not out of the question, but probably not a direction the EDA wants to take given the other projects already in progress. September 14, 1999 Downtown Redevelopment Workshop. BOYLES: Advised that the next Workshop is scheduled for September 14, 1999 at 7pm at the Fire Station Council Chambers. KEDROWSKI: Suggested including a notice in the survey packets being mailed. ANNOUNCEMENTS: NONE. Upon a motion and second, the meeting adjourned at 6:56 p.m. 1:\ADVBODYS\EDA\MINUTES\99\081699.DOC 4 i l~'l'.."'''''''''-'''''~.-AliIlIIiniIi~-'''., ~. .. if ~,..IItl~,.. *IIIM.; ,~'..... 'lIl' . .' ~t.'l ;,"":m::~_"1tllt '. ;-, II': PRIOR LAKE ECONOMIC DEVELOPMENT AUTHORITY PRESENTER: DATE: 4A CONSIDER APPROVAL OF INVOICES TO BE PAID JANE KANSIER, PLANNING COORDINATOR SEPTEMBER 22, 1999 AGENDA ITEM: SUBJECT: INTRODUCTION: Attached is a list of invoices for expenses incurred by the EDA. These expenses consist of work performed on the Downtown Redevelopment Plan. DISCUSSION: Approval of this list of invoices is consistent with the policy adopted at the last EDA meeting. Following approval, the checks will be issued and distributed by the City Finance Director. ACTION REQUIRED: Motion and second to approve payment of the attached InVOlces. REVIEWED BY: Frank L:\99FILES\99EDA \REPORTS\RP922INV.DOC 16200 Eagle Creek Ave. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245 AN EQUAL OPPORTUNITY EMPLOYER Run ,Date: 09/13/99 Time: 09:57:14 APPEAL 5.1 98.05 FUND ACCNT OBJ CITY OF PRIOR LAKE SCHEDULED INVOICES SUMMARY FOR PAYMENT ON: 9/21/99, POST 9/15/99 VENDOR NAME 240-EDA SPECIAL REVENUE FUND 46501-DOWNTOWN REDEVELOPMENT 50S-Professional Services HOISINGTON KOEGLER GROUP INC TOTAL 46501-DOWNTOWN REDEVELOPMENT TOTAL 240-EDA SPECIAL REVENUE FUND GRAND TOTAL Page: 1 Ini: JANET~ AMOUNT 1,092.72 1,092.72 --------------- --------------- 1,092.72 --------------- --------------- 1,092.72 MEETING DATE: AGENDA #: PREP ARED BY: AGENDA ITEM: DISCUSSION: RECOMMENDED ACTION: REVIEWED BY: ECONOMUCDEVELOPMENTAUTHORITY SEPTEMBER 22, 1999 7A DONALD RYE, PLANNING DIRECTOR CONSIDER STATUS REPORT FROM COMMISSIONERS ON BUSINESS RETENTION AND EXPANSION STRATEGIES SURVEY At the last meeting, the EDA decided to try and have all business surveys completed by September 21. Commissioners are asked to be prepared to report on progress to date. In addition, Commissioners are asked to be prepared to discuss how the results should be tabulated and what areas of the survey should be emphasized. Certain questions may carry more weight and more attention paid to them than some others.. In addition, if there is anecdotal information that was derived during the surveys that Commissioners feel is important, this should also be presented for discussion. Direction to staff as to how best to tabulate and present survey results 1620~~~~.~\7~~~ Minnesota t5372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245 AN EQUAL OPPORTUNITY EMPLOYER MEETING DATE: AGENDA #: PREPARED BY: AGENDA ITEM: DISCUSSION: RECOMMENDED ACTION: REVIEWED BY: ECONOMIC DEVELOPMENT AUTHORITY SEPTEMBER 22, 1999 7B DONALD RYE, PLANNING DIRECTOR CONSIDER REPORT ON STATUS OF EDA LEVY At the August EDA meeting, the EDA recommended that the Council concur in an EDA levy of $76,000 in support of Downtown redevelopment efforts. The Council considered this request at the September 7 meeting and voted to include this amount in the preliminary levy authorization. The Council also directed that a public hearing on the proposed levy be held on Monday, December 6 at 8:00 PM. The EDA should consider what steps it wishes to take prior to the public hearing to support the proposed levy. By the time of the public hearing, there should be some fairly definitive recommendations from the Downtown Redevelopment study which the EDA may wish to use as a basis for allocating levy funds. At a minimum, a presentation to the Council in support of the levy seems appropriate. Further suggestions from Commissioners as to how best to proceed are encouraged. None required 1620tiP~\~.'fli\7~ Minnesota 55372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245 AN EQUAL OPPORTUNITY EMPLOYER -I AGENDA ITEM: DISCUSSION: RECOMMENDED ACTION: REVIEWED BY: I ECONOMIC DEVELOPMENT AUTHORITY SEPTEMBER 22, 1999 7C DONALD RYE, PLANNING DIRECTOR CONSIDER STATUS OF DOWNTOWN REDEVELOPMENT PLAN AND PLANS FOR ITS COMPLETION .. The second community workshop on the Downtown Redevelopment Plan was held Tuesday, September 15 in the Council Chambers. In addition to staff , EDA members, City Council and Planning Commissioners, there were 29 people in attendance. Mark Koegler from Hoisington-Koegler presented the results of the first workshop, described the physical setting of Downtown and talked about the Vision and Guiding principles which were developed based on the first workshop and he also responded to questions and comments from those in attendance. Additional workshop sessions were also set. The EDA session will be held on Tuesday, October 12 at the Council Chambers while the next public session willbe Tuesday, October 26 at 7:30 PM in the Council Chambers. These sessions are intended to be working sessions where the consultant will present several alternative proposals for review, consideration and debate. The result of these meetings will be a more definitive plan for the Downtown based on community input. None required 162f)C1J!fcIg~~I\~~B!~7P9\\3~~~ Minnesota b5372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245 AN EQUAL OPPORTUNITY EMPLOYER Downtown Development Guide Agenda Workshop #2 - September 14, 1999 . Introduction . Review, Community Survey . Review Workshop #1 Results . Review Vision and Guiding Principles . Context and Linkages . Existing Conditions Analysis . Development Options - Components . Next Workshop - October 26, 1999 . Adjourn II Hoisington Koegler Group Inc. ... . y.: Downtown Development GUide Exercise One - Existing Characteristics: What characteristics define the downtown area? What makes downtown Prior Lake unique? . Proximity to park . Office/service orientation . Civic structure . Hodge-podge of quality and building styles . Historical character . Shortage of retail attractions . Natural barriers to expansion . County Road 21 (+/_) . Lack of identity . Presence of a major library . Not connected by pedestrianJbicYcle access . Hublheart of the community . Thoroughfare, not a destination '. .... ~''::-'~f'll ;;" .' . :: ~...... ' , .iI!> .. . ..... , Downtown Development Guide Exercise Two - Future Characteristics: What do you want downtown Prior Lake to be like in ten or twenty years? Expand/Connect Downtown · Link both sides of Highway 13 and County Road 21 together · Expand to allow more growth Provide Adequate Parking Enhance Park Amenities · Access to lake and Lakefront Park · Community central park Create Attractions · Create special draw · Youth center · Fanners market, fairs, etc. · More pedestrian traffic day and night Expand Housing · Senior housing · Higher density housing overlooking the pond Improve Appearance · Remove dilapidated structures · Streetscape/parking improvements · Retain historic context Expand Retail and Entertain111ent Uses · Mixed use retail/housing · More family restaurants · Variety of retail Expand Office Uses · Office campus Acco111modate Pedestrians · Make area pedestrian friendly · Control vehicular traffic Improve Public Facilities · Add public restrooms Downtown Development Guide Exercise Three - Opportunities ~nd Challenges: To improve downtown Prior Lake, opportunities should be realized and challenges must be recognized. List opportunities and challenges.,~ Opportunies Challenges Incorporate Natural Amenities · Lakefront Park, natural wetlands Paradigm Shift · Changing downtown perceptions · Getting the community to "buy in" Reflect Prior Lake's History · Preserve local history Manage Impacts of Change · Keep current businesses while making changes · Minimize business interruptions Smaller May Be Better · Small scale may be advantageous Center for Public Services · City Hall & Post Office? · Telephone company · Library & Resource Center Gain Consensus/Cooperation · Consensus of Property Owners · Unite business owners Expand Business Opportunities · New businesses, increase tax base · Expand customer base How do we pay for it? · Public financing (lead?) · Private financing Good Transportation Access · Good road access into and out of downtown · High traffic counts Attract Local and Outside Interest · Attract new business and developer investment Overcome Regulatory Barriers · Zoning Modifications Affordahle Land Chance to do it Right Identifiable Redevelopment Sites Provide Youth Activities ~"'~ l~ '. .' ....t...."%1J~~, :: .', ;..'. ....--..~ II . ."'....-''''. --'." Downtown Development Guide Exercise Four - Other Ideas: Are other issues important to the downtown area that have not been raised in earlier exercises? · Increased need for medical services · Make downtown a unique niche · Future role of County Road 21 · Connections from TH169 and 1-35 · Move utilities underground · Enhance existing businesses · Build in a "sense of community" · City should advertise Downtown Prior Lake · How can downtown survive competition? · Plan for future growth Vision Statement Downtown Prior Lake will continue to be the community focus of government, culture and social interaction. Businesses within the area will provide a wide range of goods, services and entertainment. Downtown Prior Lake will be a vibrant community destination. Its development pattern will echo the lake environment that serves as an icon for the Prior Lake community. Downtown Prior Lake will invoke a strong expression of community pride. .:.;o.:.~~~""";;;.;I~__. , .. ..., ,~.,- :';..:'.' ,~o<",.,:-,~.,~_~ ~_, ,,".' .~ Downtown Development Guide Guiding Principles . A strategic approach... The development process for Downtown Prior Lake mnst be strategic in that it encourages further action with every step taken. As resources are applied, they must be seen as an investment, with a return that can be used to foster add\tional improvements. This series of sustained actions wiJI be the fuel that keeps Prior Lake moving toward a more vibrant future. . A good place to do business... Downtown Prior Lake needs to be a viable place for businesses to succeed. The downtown area should be organized to serve the needs of the community and businesses should be recruited to supplement the current mix of goods and services. . The center of Prior Lake... Downtown Prior Lake has always been and will continue to be an important conunercial district in the community. By creating a dynamic mix of goods, services and activities, downtown can continue to be the center of the community. Offering attractions that appeal to a mix of customers creates an active and lively place. It creates a compelling reason for people to come downtown, to gather and to interact with one another. . Downtown, a place for people... The downtown enviromnent should be pedestrian friendly. Streets and parking areas should be designed in a manner that creates an attractive and safe pedestrian environment. . An opportunity to establish a unique sense of place... Downtown Prior Lake lacks a common theme or historical reference. As buildings are remodeled and new structures are built, they should help unify the downtown area through common setbacks, compatible materials, and facades that are inviting from the street. .1 .. .. · Compliment the adjacent neighborhoods... Healthy neighborhoods will support the revitalizatiou of downtown Prior Lake. Clear boundaries for the busiuess area and iutegrated higher density housing will create stability for the surrounding single-family neighborhoods and help to maintain consistent property values. · Meet and greet on the street... Streets are great meetiug places. Streets are accessible to residents and visitors and they are a key part of the outdoor environment of the downtown area. Well-designed streets Can do more that accoDUnOdate the movement of vehicles. The can become a stage for human activity. Streetscape design elements Can tell a story about the cotnmunity and serve as a reminder of Prior Lake's unique lake environment. · Parks, not just parking... The downtown POor Lake environment offers unique Datural and man-made recreational oPPOrtunities. Parks and recreation areas should become integral components of the downtown area. · Work together to attain common goals... Revitalization of downtown Prior Lake will require investment by both the City and private property owners. Public resources should be used to provide an environment that attracts private investment. '" '''''~~''',~:'''. ." ... . rJf 'q ft.... : ~\ ~ ~ ~ ftji (f ~ ~~q.; Ft, ~J . ~~ lllqj ~~~ ~ , 5Jr:;,ClII<';!'">l1lll. N ~ ~ ~~~~ ~ 1~1~ J< 1J~ . ,\1l ~ '\ fli lU'...) I u: Il:;lctd J < "iilf. ~ ~ ~ t>/ < ~ \~.~. .1c1~ ~.~ f'I;-: J u:}.(l ~^- ~ A 1 \~ .~. '3 ~~~~ A 't~ ~~ ~ {~~ .. .5!{\ ~ ~~ ~ ~!?lF ~ ~r- '1 ~. Wr " 6' ~~ lJ!J"" ull = ~~~~:G~ ~LJ ~~~.~~~~ . ~Oj~~~ ~ pmently . ~r, III ~ 'I. It:' rc aNode ~ .J6cc- ~ · Limltexy~?nto~ ~ j '/~ o~.I'~ 1~~~efD' ~~,~..... P~le~eu:Pri~Lake.. ~~lr/..nl.J.i'tn'dOWntowifl _ ~ J '-' ......... ~PosS1b.1.!L.--~c:!o dQ~tQwn frpm c:;:Sfuhmash ?~usm~ .'.T~ ........~ :1 ~"""" ;:~; ......co~( to .~. - '" I \lo~"i """(\~I~;i'O 'tr~,U'~:; --d-t~~ _'I ..... ., '? 0" \.jo j a ~IU . )--::~A'":, - i-;O ':;-...~. )-.. 'I" 0 "IT"" ~ntia ,~.~ j p,4r} d ~J f. -"'_ ~ .~D Ip :]~I _ ~!fdo~( '\JC LL ~ " ,,~ ~ i ~esidenttal p Itr. ~r;>_~ I;:xpll!IS~ - ~ 1'1 'J~ j[~v~PJi~~l~~trian~~~todowntown ~-,,~f~ - ~ :: wD _ f ~\.'Mg;]r;;";dl?I;-:~u , r- ~ ~v I.l -/ ~~~I" o,~ Iffi ./ flMaig & Cty. 21 ~. ~:;;""A;" r<1S 'U~t~s~~~dOi~ KItl~qyJJ~J}~~7riTo/~~, - Wetland Ed:e.. '~~ntrollednMl"JOtriancroSSin _ ; ~ JoE;' ~hl ~\.~~l-n (fi-':::;;"'-~ r=,. ' = , ~"potentiallZateway to downtog JJ"~ ~ "'...:' . ProVldesnaturaledgetodowntownv ~ ..(j~ /'YI. ,.,"<1N> lklt-'" ~I ~ or ILf ~. .Y fill ~ I :.-~ ~ :--;:-.. ' ..( inn!t lWC~~llJor autq~ob81 n /, I~. r4 .P~~~e~~getodo~ '" ~' ~><<eJLr:rt~f?t!rbJ . ....-'1. Lumts expansIOn to sou .2 ~J~" , "I" O<~ .b~~aI~ .~~i~ ~'2V n ,~ " <~ .. . Co.. II 11..11 .1" 0 '" /i~i . ~~Rr~b~ess~[Bl 5 ,.,~ ~~~I>ll a 0 p ~:,~:,,~ %>~~sto,~o~ V......."" .'- . ~ ;M;~bma~b of business ~"^ &1'::-. '1rp ~nl\ ~ ~ J l\~ ~\ W7 . /I if ,\"-Y/(,,l) .~. rrr~: ~~) "I' ~ ~~ ..._ .- nOSi [J b~ /^" On P\~1;r----'~ ~ ~ ~S'-' rn;::::: =' '-I ~ l\tl;(i ~ 1 · C9' V 'IVI:! ~I \ ~~F7/111 tdr1 ~~ ~ ~ n / "" ~7hV /)\~'\. ...... . -nil LEGEND -,. - Commercial Area * Primary Entry to Downtown ) Secondary Entry to Downtown ~ MajorRoadway ~ ' : ~ ' ; . Residential District Regional Bike Trail . . . . . Existing Natural Area ,.): ~ Major Pedestrian Crossing ~ I _ ,_, ~ Possible Linkage City of Prior Lake Downtown Development Guide Context & Linkages 11---.... --"'--- =- ,. . Residential Use C Historic/Cultural Use Regional Bike Trail (l Downtown Entry . Commercial Use . Religious Use P Public Parking Lot ..... \_~ Traffic Pattern . Governmental Use Existing Woodland 8-:-+ Views 0 Pedestrian Crossing City of Prior Lake Downtown Development Guide II -::_...._~ Existing Conditions __ Analysis =-- . ., .'.Il!'l-iffl\~]l,"II ,. <,,-,II.,_;<!O~~'-"""... .it " State Trunk Highway 13 . Three different entries provide good vehicle access to downtown. · Limited pedestrian crossings. . Steep slopes limit potential for trail or bikeway development to the south. . Provides vehicular access to commercial areas on the north and south sides of downtown. County Road 21 . Divides downtown to the north and south . Limited pedestrian crossings. . The backs of many businesses face road. . No driveway access. . Entry Plaza at Hwy 13 seems to float. . Minimal landscape development. South of County Road 21 . Municipal parking seems remote. . Must drive through neighborhood to exit to the west. . Residence on Pleasant Avenue and Main Ave. is isolated. . Core of established businesses and potential for Scott Rice expansion. . Varied architectural styles and materials / brick, stucco, wood, stone . Older buildings at sidewalk, while newer construction tends to be setback from property line. . Minimal landscape development. . Wetland to south provides natural amenity and limits expansion possiblities. North of County Road 21 . Municipal parking at comer of Main Ave provides immediate parking for visitors. . Governmental node to the west. . Residences on north end of downtown are isolated. . Core of established businesses and vacant land provides potential for future expansion. . Varied architectural styles and materials / brick, wood and stone. . Most buildings are at edge of sidewalk. . Historic building adds link to the past. . Lakefront park provides developed amenity and limits expansion to the north. . Business and residence on Erie Ave. are isolated. . Police garage could be upgraded. . Neighborhood to the West has good access. . Potential site for Post Office relocation. City of Prior Lake Downtown Development Guide Existing Conditions Analysis Notes II __-....~1oL -_..~...... =-- CIVIC CENTER. . Future expeaaion opportuDitiea . Allow for growth IIIId tedovelopment of existing fiu:i1ities. TRAFFIC . Improve ICCCSlI to downtown . Improvo pedealrian vehicular relationships PARKING . Improve parking lot Identification . Improve ICCCSlI to commercial properties . Parldng ...... obould be safe and aosthotically pleasing. IDGIBR DENSITY HOUSING . Cn:ates new downtown users . IDtegmte Into existing downtown framework. . Promololi all day activity downtown COMMllNITY GATHERING . Cn:ates a civic focal point . Create a IpIICC for community celebrations & evcnt8. r LEGEND . ResidcDtIa1Use . CoIJlD1e[CIaI Use . Oovemmcnlal Use _ ,_ ,_ Downtown Bouudar:y City of Prior Lake Downtown Development Guide .-r:1?J-- Development Options - Components - I COMMERCIAL GROwrH . New srowth compJiments existing buainess. . Provides now opportunities for commercial business EXPAND EXISTING COMMERCIAL . Create new opportuDity . foster now $fUwth of existing busmess. PEDESTRIAN UNKAGES . Provide IiDkagea to community . Cluuactcr of stroot should reflect WJiquo qualitiCll of Prior Lake. . Pedestrian sp8COII should be pleasant IIIId Inviting. ENTRIES . Invite you into downtown. . Rotlect uniquo qualities of Prior Lake & downtown. . Enhance pedestrian IIIId vehicular movement. OPENSPACE~GES . Improve ICCCSlI to neighborhoods . Improve lICC08S to Prior Lake and crc&Ic a divClSO downtoWn oxpericnec. . ..................... -- ,- \ _/ , ! ECONONONfiCDEVELOPMENTAUTRORlTY MEETING DATE: AGENDA #: PREPARED BY: AGENDA ITEM: SEPTEMBER 22, 1999 SA DONALD RYE, PLANNING DIRECTOR CONSlDERPROPOSED SCOTT coUNTY ECONONUC DEVELOPMENT INCENTIVES POLICY HistolY _ Modifications to state statutes in the last session resulted in new law regulating business subsidies awarded on or after August 1, 1999. The law greatly expands operating and reporting requirements. The laW also requires cities to adopt criteria to be used in granting subsidies. These criteria must be discussed at a public hearing before they are adopted. The enclosed letter from DTED discusses the general requirements of the law. Also attached is a draft policy developed by Scott County for their use. This policy is intended to comply with the neW statutory requirements. This is included to give EDA members an idea of hoW one governmental unit is responding to the new law. Staff is beginning to develop a similar policy for prior Lake and will be presenting it at a future meeting. EDA members should review the County policy as they have requested comments from the City on it. Staff win review the policy and be prepared to discuss this at the meeting. DISCUSSION: RECOMMENDED ACTION: REVIEWED BY: Frank Boyl 162~~~ Minnesota t5372-1714 I Ph. (612) 4474230 I Fax (612) 447-4245 AN EQUAL OPPORTUNITY EMPLOYER -~--'- --- ~o~ _Trade.&- ~<?pomiC l.)t:vo.opment FACT SHEET: 1999 Business Subsidies Law laWS of M;nnesot~ 1999. Chapter 243, Article 12; to be codified as Minn. Stat. What is the 1999 Business Subsidies Law? ./ Minnesota Stallltes (Minn. Stat.) S 116J .993 through S 116J.995 regulate business subsidy agreements signed on or after August 1, 1999, and replace Minn. Stal S 116J.991. ./ AgencieS are no longer subject to reporting requirements for agreements signed under Minn. Stal S 116J.991, but businesseS must still comply with agreements signed before August 1, 1999. Who does the law apply to, and for what types of subsidies? ./ Slate and local govemment agencieS with the autholilY to provide business subsidieS with state or local govemmentlunds, and entities created or authorized by a local govemment with this autholilY, are subJeclto the laW. The laW gives a complete description of applicable agencies (i.e. "grantors"). The laW covers business subsidieS to for-profit businesses, and to nonprofitS with at leaSt 100 Iul~ time equivalent positionS and a ratio of highest to lowest paid employee, determined on the baSis of full-time equivalent positions, exceeding 10 to 1. Types of assistance meeting the definition of a "business subsidy" include: /" . state or local government agency grants; v " conbibUtions of personal property, real property, or infraslrUClure; /"" " the principal amount of a loan at rates belOW those commercially available; / " reductions or deferrals of taxes or fees, including taX increment financing (TIF); ~ guarantees of any payment under any loan, lease, or other obligation; . and preferential use of government facilities. The laW explicillY excludes 1 B types of assistance from the definition of business subsidies, including all awards of less than $25,000. Four of the types of financial assistance excluded from the definition of business subsidies are subjeclto different reporting requirements under Minn. Stal S 116J.Q94, subdivision 7. These types of assistance include: " property polluted by contaminants as defined in Minn. Stat S116J.552, subdivision 3 (i.e. brownfields ); assistance provided for the sole purpose of renovating building stock or bringing II up to code. if the assistance is 50 percent or less of the total cost; assistance for pollution control or abatement; and assistance for a TIF soils condition disbicl as defined in Minn. Stat S4fl9.174, subdivision 19. ./ ./ ./ ./ . . . What is required in order to award a business subsidy? ./ A business subsidy agreement may no! be signed on or after August 1 , 1999, until the grantor has held a public hearing on, and adopted criteria for, awarding business subsidies. The cri~ must include a wa Ii for'o . . ./ The laW ouUineS B elements that must be included in bUSiness subsidy agreements: " a descriPtion of the subsidy, including the amount and type of subsidy, and type of district " the subsidy is TIF; . a statement of the public purposes for the subsidy; . goals for the subsidy; . a description of the financial obligation of the recipient if goals are not met; . a statement of why the subsidy is needed; " a commitment to continue operationS at the site where the subsidy is ~ for five years...!. . the name and address of the parent corporation of the recipient, if any; . and a list of all financial assistance by all grantors for the project. ./ All business subsid a reements must include. ob an cilic oaIs to be a ined wJ!!!in twO years of the benefit dale. The laW doeS no! specifY minimum criteria for these goals. July 27, 1999 Department of Trade and Economic Development Page 1 of4 Fact Sheet: 1999 Business Subsidies law ,/ BUSiness subsidies must meet a ublic u ose other than increas;n se. The law specifies that job retention may be used as a pUblic purpose only where job loss is imminent and demonstrable, but does not otherwise restrict allowable public PU'POSes (see examples on page 4). ,/ Grantors must determine that the recipient is eligible to receive assistance by reviewing DTED's list of past recipients ineligible to receive a business subsidy because they tailed to meet the tenns of another subsidy agRlement (This Will not take effect until DTED makes the first list availabJe after receiving the 1999 reports in 2000.) ,/ Before granting a business subsidy that exceeds $500,000 for a state government grantor and $100,000 for a Iocal_ment grantor, the grantor must Pmvide public notice and hOld a hearing on the subsidy unless a hearing and notice on the subsidy is Otherwise required by law. ,/ If a business subsidy benefits more than one recipient. the grantor must assign a proportion of the subsidy to each recipient signing the agreement If the grantor is a local government agency, the agreement must be apPfOVed by the local elected governing body, except for the Sl Paul Port Authority and a seaway Port authority. Also, subsidies in the form of grants must be structured as l'oIgivable loans, and agreements for Other types 01 business subsidies must state the tair market value of the subsidy or other in-kind benefits. ,/ In addition to any criteria developed in COmpliance with this law, agencies may be SUbject to additional criteria required by s_ assistance programs SUCh as the Community Development Block Grant (HUD) and Minnesota Investment Fund programs. Agencies may or may not choose to address specJfic program criteria in the Criteria developed in compliance with this law. What happens If a I'8Clplent does not meet business subsidy goals? ,/ BUsiness subsidy agreements mustspecjfy the reclpienfs obligation If the recipient does not fulfill the agreement. At a minimum, a recipient taRing to meet goals must pay back the assistance plus Interest, although repayment may be prorated to reflect partial fulfillment of goals. Ti1I!interest rate must be set at the 1m n' . Deflator rate as defined in Minn. Stat. 275.70, SUbdivision 2. DTED VI e In rmation on the Implicit nce or 01'1 its website. ,/ Recipients tailing to fulfill bUSiness subsidy agreements may not receive business Subsidies from any gran lor for five years or until they have satisfied their repaYment Obligation, whichever OCCUrs first Who is required to report business Subsidies, and hOW? ,/ Recipients must provide grantors With inlonnation on their progreSS Ioward goals OoOined in the agreement, and will be subject to a penalty as defined in Minn. stat S116J.994, Subdivision 7(d) for failing to report. ,/ Grantors must SUbmit the annual Minnesota BUSiness Assistance Form (MBAF) to DTED for each busIness subsidy agRlemenlsigned on or after August 1, 1 999. DTED Will ask grantors to file an MBAF each year for each agreement for two years after the benefit date or until all goals OoOined in the agreement have been met, whichever is later. ,/ Local government agencies in communities with a POPUlation 01 more than 2,500 and state govemment agencies must submn an MBAF regardless 01 whether they have awarded business Subsidies. The fonn will ask agencies whether they have awarded any Subsidies. Local government llgencfes in communities with a population 012,500 or less are exempt from filing the MBAF if they have not lIWanIed a subsidy in the past live years (ie. those with a POPUlation of 2,500 or less who have not signed an agreement after December 31, 1994, Will be exempt from rePOlling In 2000). ,/ DTED Will develop a '- MBAF in tall 1999. This fonn will ask grantors to rePort, at a minimum, the Information that Minn. stat S116J.994, SUbdivision 7 requ~ recipients to PlOVide to them, inclUding: · the type, PUblic Purpose, and amount of the subsidy, and type of district W the SUbsidy Is TIF; · the hourly wage of each jOb created with separate bands of wages; · the SUm 01 the hourly wages and COst of health Insurance provjdecf by the recipient. broken down by wage level; · the date(s) by which jOb and wage goals will be met; · a statement 019Dals identified in the agreement and an upc/ate on pmgress toward them; · the location of the recipient prior to receiving the business subsidy; · Inlonnation on why the recipient did not complete the P<OJect outlined in the Subsidy agreement at Its _US location, if Previously located at another site in Minnesota; · the name and address of the parent COl"poration 01 the recipient. if any; · and a list of all financial assistance by all grantors for the project Department of Trade and Economic Development Page2of4 , ,~ ''',..... ::!1!!::~r-\.~" ',' " JI, ,~ 11&.... July 27, 1999 '. . .. >J~.....'."._ '."" . , " .. ~ r , . ( . F' It. Fact Sheet: 1999 Business Subsidies Law .I With their reports, OlEO will ask grantors to include a list of recipients that did not report, as well as a list of those failing to meet any goals outlined in the agreement and a description of the steps being taken to bring them into compliance or recoup the subsidy. .I OTEO will post an MBAF on OTED's website this fall and mail the form in February. If OTEO has not received an MBAF by April 1 from an entity required to report, OTEO must issue a warning. If OTED has still not received the MBAF by June 1, the agency in default may not award any business subsidies until the report has been filed. ./ State funds passed through local agencies to businesses (e.g. Minnesota Investment Fund awards) are reported by the state grantor. However, local agencies must report on applicable local funds awarded in conjunction with state funds and on state funds which have been repaid to and reinvested by the local agency (e.g. revolving funds). How is non-business subsidy financial assistance reported? ./ Recipients of the four types of financial assistance with different reporting requirements must provide grantors with the information outlined in Minn. Stat. ~116J.994, subdivision 7(c), and will be subject to a penalty as defined in Minn. Stat. ~116J.994, subdivision 7(d) for failing to report. ./ OTEO will ask grantors to report, at a minimum, the information that Minn. Stat. ~116J.994, subdivision 7(c) requires recipients to provide to them on these four types of financial assistance. ./ OTEO will determine this fall whether to develop a separate form or ask grantors to use the MBAF for reporting on these agreements. The form(s} will be posted on OTEO's website this fall and mailed to agencies in February. As with their business subsidy reports, grantors will have until April 1 to file these reports with OTEO. How will information reported by agencies be used? ./ OTEO is required to publish a report summarizing information reported through the MBAF each year by July 1. OTEO's report must include a list of recipients that have failed to meet the terms of a subsidy agreement in the past five years and have not satisfied their repayment obligations. Copies of the report will be submitted to the Legislature and posted on OTEO's website. Where can I find the law? ./ The business subsidies law can be found on OTEO's website at http://www.dted.state.mn.uslbusasst Ibareporll1tml and may be printed from your web browser. '. ." ~.' . . . .:"'i..'~~ .JI>" Clarifications to the law ./ The following clarifications are in response to commonly asked questions about the law: . Regarding Minn. Stat. ~116J.994, subdivision 7(b}, the statute's author agrees that recipients should continue reporting to the granting agency, not to OTEO. The granting agency will be responsible for reporting to OTEO. . OTEO will be collecting information only on public funds originating in Minnesota; therefore, OTEO will not ask agencies to report on federal funds they administer unless the funds have been repaid to the agency and reinvested according to local policies. This fact sheet is intended to help agencies understand the 1999 business subsidies law, and does not serve as a substitute for statute language. Agencies are responsible for complying with the law and should view the law for questions and specific details and requirements that are not outlined in this fact sheet. Questions about the law can be directed to DTED: Minnesota Department of Trade and Economic Development Analysis and Evaluation Office 500 Metro Square 121 .,.. Place East St. Paul, MN 55101-2146 phone: (651) 296-36461 Fax: (651) 215-38411 E-mail: caryn.mohr@state.mn.us www.dted.state.mn.us Department of Trade and Economic Development Page 3 of 4 July 27,1999 Fact Sheet: 1999 Business Subsidies Law ., DeveloPing Criteria and Stating Public Purposes for Business Subsidies t .f" , . Under Minn. stal ~ 116J.993 through ~ 116J.995, granting agencies must develop criteria for awardin9 business subsidies after a public hearing. In addition, each business subsidy agreement must indicate a public purpose. The law allows grantors flexibility in stating public purposes appropriate for their communities, but requires that agreements meet a public purpose other than increasing the tax base and that job retention be used as a public purpose only When job loss is imminent and demonstrable. Although the law does not require public purposes to be addressed in the criteria, grantors may want to refer to the public pul]lOSes below for criteria Ideas. The following public pul]lOSes and cril$ria ware recommended by the legislatively established Corporate Subsidy Reform Commission. Enhancing Economic Diversity '" In What ways does the project improve the mix of businesses in the area so as to: (1) allow the area to participate in fast-growing industries: (2) _the area from adverse economic consequences caused by slow growth or<leclining industries that are dominant in the area: and (3) proyjde essential consumer setvices, or develop a network of local suppliers to businesses within the community where they otherwise do not exist? Creating High-Quality Job Growth ,/ How many new jobs will be created, and what will they pay? ,/ How do wages propoSed to be paid compare to community wage levels? '" How many jobs will be created wiIh opportunities for career advancement educational oPportunities, or OCCupational training? '" What are the projections for job growth at the project over the nest period of two to five years? '" What are the fringe benefits that are payable for the jobs (parlicOlar1y, is there child care, health care, and penSion coverage)? Providing for Job Retention, Where Loss Is Imminent end Demonstrable Note: Under the 1999/aw, job fafenlion can be US6d as a public _ only in CBSes whofa job loss is imminent and demonstrable. '" After COllecting the necessary documents, Is there substantial evidence that the company will have to shut down involuntarily? '" After collecting the necessary documents, is there substantial evidence that the company has received an offer to move to another state or conununity that is attractive enough that a reasonable person would seriously consider a move for business reasons? '" What po/enfial negative etfect WOUld the SUbsidy have on other competing businesses and overall area job quality? Stabilizing the Community '" How will the project constitute a significant Investment In an area that (1) has not hisloricaJly received similar investments; (2) is a blighted area; or (3) is an economically depressed area? '" How will the project stimulate other invesbnent or create spinoff businesses and jobs in the area? Increasing the Tax Base Note: The law Jaquires business SUbsidies tD meet a public purpose other than /ncJaasing the lax base, bul grantors may use increasing the tax base in conjunction with another pUblic purpose. '" How will the project uniquely affect the property tax base for all laxing jurisdictions, both short term and long term and both directly and indirectly? ,/ How will the project affect other local business and individual property tax bills? SOURCE: Corporate Subsidy RefOrm Commission, 1997 Corporate Subsidy Reform Commission Report, February 6, 1998. Department of Trade and Economic Development Page4of4 July 27, 1999 :, [" i I ij]1'''1fI..-'','~ -- . ..-- "', lIr 11II '''!' ...~.. "'"- ... SCOTT COUNTY OFFICE OF THE ADMINISTRATOR GOVERNMENT CENTER 200 FOURTH AVENUE WEST SHAKOPEE, MN 55379-1220 (612) 496-8100 DAVID J. UNMACHT COUNTY ADMINISTRATOR Fax: (612) 496-8180 dunmacht@co.scott.mn.us http://www.co.scott.mn.us September 13, 1999 Mr. Frank Boyles City Administrator Prior Lake City Hall 16200 Eagle Creek Ave SE Prior Lake, MN 55372 Dear Frank, The purpose of this letter is to seek your revie d comments on a ro osed Scott Coun . cononuc evelopment centlves Policy. The policy would replace the County's Local Economic Assistance to Foster Economic Development Policy (adopted 1997), which has served as the guide for two specific tax abatement actions within the past two years. Your thoughtful review and analysis of this draft policy will facilitate the creation of the most workable and practical document that will guide the County - including cities, townships, and developers - in future consideration of economic development incentives. The impetus for the adoption of a new policy is the City of Savage's recent request for financial assistance in establishing an anchor tenant for the City's Eagle Creek Business Park. The County is considering the request for an abatement of taxes on the improvements to the property. The company seeking this assistance is B.F. Nelson Folding Cartons, Inc. During the 1999 legislative session, the State Legislature adopted a Business Subsidy Law (Minnesota Statutes, Sections 116J.993 through 116J.995). The legislation requires that all political subdivisions have a business subsidy policy in place before any subsidy agreement is made with a business. The proposed Economic Development Incentives Policy would be the County's business subsidy policy. Please review the attached draft of the Policy. A public hearing is tentatively planned for October 5, 1999 at 10:00 a.m. The hearing will take place in the County Board Room in Shakopee. Pleas~ attend the hearing and/or submit all comments to my attention prinr tn the hparing If you have any question about the policy, do not hesitate to contact Brian Hanninen (496-8101) or myself at any time. An Equal Opportunity/Safety Aware Employer Working Draft Economic Development Incentives Policy Introduction This Policy is adopted for purposes of the business subsidies act (the "Act"), which is Minnesota Statutes, Sections 1161.993 through 116J.995. Terms used in this Policy are intended to have the same meanings as used in the Act. A business subsidy, as defined in Minn. Stat. 116J.993(3), is herein referred to as an economic development incentive. This Policy shall apply only with respect to incentives granted under the Act if and to the extent required thereby. The essence of this policy is to provide the legal and statutory framework for the County Board to utilize economic development incentives pursuant to requirements -in law. The adoption of this policy is a prerequisite to determining the level of and extent of any Scott County participation in economic development incentives programs. Economic development incentives seek to realize goals that benefit the community, such as the creation or retention of good paying jobs. Economic development projects may also achieve other worthwhile goals. For instance, some projects provide value to the community in the forms of infrastructure improvements, stabilization of business districts or neighborhoods, or concentration of selected industries. While job creation and retention goals will be required for any economic development project seeking incentives pursuant to this Policy, the County can require that a project seek to achieve additional goals. The goals that economic development projects must pursue to receive incentives under this policy are as follows: · job creation/retention, · livable wages, · job training; · public infrastructure investment, and · stable communities Specific goal targets for individual projects will be determined and agreed to between the County and the requestor prior to approval of the economic development incentives by the County Board. Polices and Procedures 1. The applicant will complete the County's Economic Development Incentives application form (Exhibit 1) and submit a minimum deposit of or X% of total subsidy (minimum for duration of the effort) which ever is less and is non-refundable to cover County administrative costs. 2. The requestor and the County will draft an economic development incentive agreement for consideration by the County Board. When a tax abatement is requested, the economic development incentive agreement will serve as the abatement agreement. 3. If the site of the proposed project is within a city, the City will adopt an economic development incentive agreement in conjunction with the County's efforts. The County Board will consider approval of the agreement after the City has approved the agreement. 4. The agreement will include target goals that coincide to the economic development goals identified in this policy. The recipient will report on the progress in achieving agreement goals as prescribed by the business subsidies act. Determination of Goal Targets With respect to incentives, the following principles and criteria shall guide the determination of goal targets: · Each project shall be evaluated on a case by case basis, recogmZIng its importance and benefit to the community from all perspectives, including created or retained employment positions, infrastructure improvements, stabilization of communities, and industry type. · If a particular project does not involve the creation of jobs, but is nonetheless found to be worthy of support and subsidy, it may be approved without any specific job or wage goals, as may be permitted by applicable law. · In cases where the objective is the retention of existing jobs, the recipient of the subsidy shall be required to provide reasonably demonstrable evidence that the loss of those jobs is imminent. · The setting of wage and job goals must be sensitive to prevailing wage rates, local economic conditions, external economic forces over which neither the County or the recipient of the subsidy has control, the individual financial resources of the recipient and the competitive environment in which the recipient's business exists. Fiscal Limitations · If the applicant is receiving or has received tax increment financing from a Scott County jurisdiction, then the County will not also participate in an Economic Development Incentives program unless the term of the TIP district is less than six (6) years, and only then up to a level such that the combined assistance does not exceed six (6) years. · Total County contribution will be limited; the proposed project in addition to prior financial commitments made pursuant to this Policy or previous economic development policies is not to exceed one percent (1%) of the County's annual spread levy at time of application. The spread levy is the property tax levy less HACA and Fiscal Disparities. · If the incentive is a tax abatement, the abatement will be on the taxes collected on the value of the improvements (buildings) to the property; taxes collected on the value of the land will not be abated. Because it is not possible to anticipate every type of project which may in its context and time present desirable community building or preservation goals and objectives, Scott County retains the right in its sole discretion to approve projects and subsidies which may vary from the principles and criteria of the Policy. Adopted by: Date of adoption: Date of public hearing: I / ECONOMIC DEVELOPMENT AUTHORITY PRIOR LAKE, MINNESOTA MISSION STATEMENT PROMOTE THE BUSINESS ASSETS OF PRIOR LAKE AND FACILITATE A DIVERSIFIED TAX BASE 1999 GOALS Develop a proactive strategy for future economic development activities which will build on the efforts to date and further enhance the City's reputation as a place to do business. Continue to explore redevelopment opportunities in the Downtown area. . Prepare a Downtown Redevelopment Plan, including appraisals, marketing and funding alternatives, and initiate the implement of this plan, including marketing and the streetscape public improvements. Insure the study addresses the old library and other City property Downtown as well as public relations necessary for effective' redevelopment. (October) . Support private as well as public redevelopment plans in the Downtown area. ( Ongoing) Develop a plan to capitalize on traffic generated by Shakopee Mdewakanton Dakota Community and The Wilds. . Revise and advertise the improved access to Prior Lake from I-35 via CSAH 21, bringing traffic through downtown Prior Lake. (Completed) . Develop promotional materials cooperatively and create a dialogue with the Mystic Lake Casino and The Wilds Golf Course. Expand Business Office Park . Review EDA Tax Increment Policy to assure it applies to the Deerfield expansion of the Business Park. (Depends on submittal from developer) Inventory and review existing commercial and industrial properties and develop a position on development possibilities. . Develop a recommendation on extension of utilities to old industrial park. (September) . Explore the relationship between housing availability and business development. (October) L:\99FILES\99EDA \EDAGOALS\99UPDA TE.DOC 1 16200 Eagle Creek Ave. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (612) 447-4230 / . Fax (612) 447-4245 AN EQUAL OPPORTUNITY EMPLOYER r ,If" . Convert Tax Increment Policy to a more general document which addresses other financial incentives. (June) Explore redevelopment opportunities for the Priordale Mall/Park Nicollet site to facilitate expeditious redevelopment/development. . Work with private sector developers to complete the Ring Road from Franklin Trail to Tower Street. (November for Official Map) . Work to identify specific properties in the Priordale Mall area for redevelopment/development. Initiate business retention efforts. '" . Arrange for two EDA members to interview all Waterfront Passage businesses and other large businesses in the City for retention purposes. (June) . Have the Chamber of Commerce provide a Business Retention report to the EDA - when interviews are complete. (July and August) . Cooperate with the Chamber of Commerce to follow up on any issues arising from their interviews. (July and August) Recruit new business. . Discuss recruitment at joint meeting with Planning Commission and City Council. (April) . Identify the size of businesses in Prior Lake is most likely to attract. (July) . Identify owners of businesses of the size who live in Prior Lake. (July) . Conduct an open house for the business owners identified above. (August) . Contact suppliers to businesses and Mystic Lake to advise them of opportunities in Prior Lake. (July) Miscellaneous . Review existing objectives against the Strategic Plan to assure consistency and comprehensiveness. (May) . Establish a multi-media effort to deliver EDA/City "pro-business" message. (September) . Establish a Web page on the Internet. (May - June) September 22, 1999 L:\99FILES\99EDA \EDAGOALS\99UPDA TE.DOC 2