HomeMy WebLinkAbout10A - 1998 EDA Goals & Objectives
ECONOMIC "DEVELOPMENT AUTHORITY
OF THE CITY OF PRIOR LAKE
MEETING DATE:
AGENDA #:
PREPARED BY:
DECEMBER 21, 1998
lOA
FRANK BOYLES, EXECUTIVE DIRECTOR
AGENDA ITEM:
1998 EDA GOALS AND OBJECTIVES
DISCUSSION:
History: The Economic Development Authority has directed this
item be placed upon each agenda for review. Attached is the current
Goals and Objectives for your review. The Economic Development
Authority should advise the staff whether it wishes to adopt the 1998
Goals and Objectives as the 1999 Goals and Objectives.
16200 Eagle Creek Ave. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245
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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)
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16200 t.agle Creek Ave. ::;.1:.., Prior Lake, Minnesota 55372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245
AN EQUAL OPPORTUNITY EMPLOYER
Explore redevelopment opportunities for the Priordale MalllPark 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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