HomeMy WebLinkAbout4A - 2004 Progress Report
16200 Eagle Creek Avenue S.E.
Prior Lake, MN 55372-1714
CITY EDA ANNUAL MEETING
CITY OF PRIOR LAKE FIRE STATION
5:30 PM
MEETING DATE:
AGENDA #:
PREPARED BY:
AGENDA ITEM:
January 18, 2005
4A
JOHN SULLIVAN, COMMUNITY DEVELOPMENT DIRECTOR
PRESENTATION OF 2004 PROGRESS REPORT
DISCUSSION:
Historv: As part of the City of Prior Lake's 2020 Vision, a goal was to
hire a new Community Development Director in 2004. On January
18, 2004, John Sullivan was hired. 2004 has proven to be a
successful year for the City of Prior Lake. The City continues to see
private sector investment in the community in regards to commercial
and industrial development. Private sector interest remains strong for
2005 based on a number of proposed projects in the pipeline.
The following economic development progress and accomplishments
occurred in 2004:
1. Deerfield Industrial Park was developed, with assistance from
staff. Technical and financing assistance was provided to the
developer and several businesses, including, but not limited to
On-Site Engineering, Allied Development, DC Landscape
Company, Wreck-A-Mended Auto, Home Detailers, Inc., Breck
Stovern, Charlie Robin, and Konrad Gastony of Paws and Pals.
2. Village Market Grocery Store, with assistance from all levels of
city staff led to the successful and much needed opening of a
35,000 sq. ft. grocery store.
3. South Lake Village, formerly Priordale Mall, made considerable
progress on a major redevelopment on the interior and exterior,
with significant assistance from all staff levels.
4. Numerous Downtown Facade Improvement Projects were either
started or completed in 2004, including Sinclair Gas (Express
Gas), Fong's Restaurant and Bar, Dehmlow Auto, O'Malley's on
Main, Extra Innings, Prior Lake VFW, and Carlson Hardware and
the Speiker building. The projects used approximately $250,000
of city money and leveraged it to a private sector investment of
approximately $2,300,000.
5. Pomodori Italian Restaurant opened, with business plan
assistance from staff.
6. Sui Lago Italian restaurant opened in the Lakefront Plaza building,
with City support.
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7. Mary Lake's Simply Mary's Gift Store opened on Main Street with
business and technical assistance from staff.
8. Edelweiss Bakery was incorporated, a business plan and
financing was developed, a lease was signed at the new Speiker
building on Dakota and Main, a partnership was created with
Wensmann Homes, and the design and building plans for a new
bakery were completed in 2004 by Mark and Julie Bowles with
help from city staff. The project will open in the end of March
2005.
9. MCG, Inc. of New Ulm, a company with 14 local employees
specializing in research/development and manufacture of
specialty electronic motors with significant imports to China,
announced a new lease and operations at Apex Graphics building
on County Road 21 and Cottonwood with site and economic
development assistance from staff.
10. Staff worked closely with the developers of Jeffers Pond to
provide significant preservation of natural site amenities including
nature preserve, regional trail, school site, trail head, Transit
Center, Fire Station location and to develop leads for tenants of
the exciting retail and commercial component to consist of 24
acres.
11. Several TIF Districts were successfully de-certified, including TIF
1-2, 2-1, 2-2. Staff also completed a random TI F Audit with the
Office of the State Auditor in 2004.
12. Lakefront Park and Creekside TIF Notes are completed with the
help of staff and consultants.
13. City staff, with significant assistance from the City Attorney
successfully completed a new Business Subsidy Policy, amended
the 2001 TIF Policy, and developed a new Business Subsidy
Agreement, setting the groundwork for projects in 2005 and
beyond.
14. The County Road 21 future transportation plan was finished with
the help and input of city staff in planning, economic development,
public works, administration, etc. City representatives served on a
committee along with Scott County, the Minnesota Department of
Transportation, Watershed District, and local business owners.
15. Provided technical assistance and economic development/site
selection services to Joe Bendzick of Pro Service, Inc. of Prior
Lake, which is subject to condemnation proceedings at the south
TH 13 location in conjunction with the County Road 12
reconstruction project.
16. Staff has worked during 2004 with numerous preliminary
development proposals for the Downtown area, which we expect
to come to fruition in 2005.
17. The City completed its McComb Retail Report, and adopted it in
January 2004. The report has proved invaluable to the update of
the City's Comprehensive Plan, as a marketing and business
finance tool for business prospects and has been placed on the
City's web site, along with a summary report.
18. On October 28, 2004, staff made a presentation titled "Progress in
Prior Lake", highlighting the many achievements set forth above.
The presentation was well received by the 200 people in
attendance and was placed on Cable Channel 15.
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19. Administration staff also hosted a "Good Morning Prior Lake"
meeting and open house at the Library in cooperation with the
Prior Lake Chamber of Commerce, and it was attended by local
chamber and business owners and was broadcast on the cable
network.
20. The Community Development Director and City Manager also
held 2 Inside City Hall interviews dealing with the development
performance and projects highlighted in Prior Lake in 2004.
21. Prior Lake was also prominently mentioned (with assistance from
city staff) in numerous articles on the Star Tribune that dealt with
our fast pace of growth (7th in the nation), and the Jeffers Pond
development.
The Issues: 2004 was an exciting and challenging year. It is
anticipated that 2005 will prove to be another challenging, rewarding
and successful year for economic development. Issues such as
funding, downtown redevelopment, marketing, use of the EDA as a
tool for development, traffic, and the ever-present need for capital will
continue.
Conclusion: Since this is a status report, no EDA action is
necessary. The EDA may wish to ask questions regarding
accomplishments in 2004 and/or additional items not specifically listed
or addressed.
REVIEWED BY:
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