HomeMy WebLinkAbout9A - 1998/1999 EDA Goals & Objectives
PRIOR LAKE ECONOMIC DEVELOPMENT AUTHORITY
PRESENTER:
DATE:
9A
REVIEW 1998/1999 ECONOMIC DEVELOPMENT
AUTHORITY GOALS AND OBJECTIVES
FRANK BOYLES
JANUARY 19, 1999
AGENDA ITEM:
SUBJECT:
DISCUSSION:
Attached are the 1998/1999 Economic Development Authority
Mission Statement and Goals for review and discussion.
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16200 Eagle Creek Ave, S.E., Prior Lake, Minnesota 55372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245
AN EQUAL OPPORTUNITY EMPLOYER
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ECONOMIC DEVELOPMENT AUTHORITY
PRIOR LAKE, MINNESOTA
MISSION STATEMENT
PROMOTE THE BUSINESS ASSETS OF PRIOR LAKE AND FACILITATE A
DIVERSIFIED TAX BASE.
1998 -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.
. Receive approval of the improvements outlined in the Downtown Redevelopment
Task Force Report. (completed)
. Prepare a Downtown Redevelopment Plan, including appraisals, marketing and
funding alternatives, and initiate the implementation of this plan, including
marketing and the streetscape public improvements.
. Support private as well as public redevelopment plans in the Downtown area.
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 1-35 via CSAH 42 to
1-35 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 that, it applies to the Deerfield
expansion of the Business Park.
. Install signage at Adelmann Street and Fish Point Road which identifies the
Business Park (completed)
. Advertise the exceptional access to the Business Park from 1-35 and CSAH 21.
(completed)
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
. Explore the relationship between housing availability and business development
. Continue to maintain and update the list of vacant property currently zoned for
commercial and industrial development (completed)
. Identify potential commercial and industrial properties currently under Green
Acres or Agricultural Preserve provisions (completed)
16200 ...l.:\e..ondev\eda\cdagoals\lIOal~.doc , 1
cagle creel< Rve, ::>:r:.., Ynor Lake, Mmnesota 55372-1714 / Ph, (612) 447-4230 / Fax (612) 447-4245
AN EQUAL OPPORTUNITY EMPLOYER
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.
. Work to identify specific properties in the Priordale Mall area for
redevelopment/development.
Revised October 19, 1998
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