HomeMy WebLinkAbout9A - 1999 EDA Goals and Objectives
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ECONOMIC DEVELOPMENT AUTHORITY
APRIL 19, 1999
9A
DONALD RYE, PLANNING DIRECTOR
CONSIDER APPROVAL OF 1999 GOALS AND OBJECTIVES
Following the EDA workshop last month, staff has taken the approved
notes from the workshop and incorporated specific items into the
proposed 1999 Goals and Objectives as we felt appropriate. The result
is a greatly expanded list of activities for 1999, Please review and be
prepared to discuss these items at the meeting,
1. Adopt proposed 1999 Goals as presented
2, Adopt proposed 1999 Goals as modified by the EDA
As appropriate to reflect EDA action
162otr_tQ\C1X~15lK>.vPrior Lake, Minnesota 55372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245
AN EQUAL OPPORTUNITY EMPLOYER
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 ofthis 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 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 it applies to the Deerfield expansion of
the Business Park. (Depends on submittalfrom 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)
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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
· 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 ofthe 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 EDNCity "pro-business" message.
(September)
· Establish a Web page on the Internet. (May - June)
April 19, 1999
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