HomeMy WebLinkAbout01 13 2025 EDA Meeting Minutes PRIOR LAKE ECONOMIC DEVELOPMENT AUTHORITY
MEETING MINUTES
Monday, January 13, 2025 – 4:00 p.m.
Parkview Conference Room
1. CALL TO ORDER
Chair Prchal called the meeting to order at 4:00 p.m. In attendance were Prchal, Marco, Boucher-
Hoese and Braid. Absent Briggs. Also present were staff Liaison McCabe, and Deputy City Clerk /
Administrative Assistant Kooiman.
2. ELECTION IF OFFICERS
The 2025 EDA officers of President, Vice-President, Treasurer, Secretary and Assistant Treasurer
were discussed and elected by the EDA Commissioners.
MOTION BY MARCO, SECONDED BY BRAID TO CONTINUE WITH THE 2024 ELECTED
OFFICERS KIM PRCHAL AS PRESIDENT, MARIE BOUCHER-HOESE AS VICE PRESIDENT,
CATHY ERICKSON AS TREASURER, JASON WEDEL AS SECRETARY, AND CASEY MCCABE
AS ASSISTANT TREASURER.
Ayes by Prchal, Marco, Boucher-Hoese, and Braid. The motion carried 4-0.
3. APPROVAL OF AGENDA
MOTION BY BOUCHER-HOESE, SECONDED BY MARCO TO APPROVE THE AGENDA
Ayes by Prchal, Braid, Boucher-Hoese and Marco. The motion carried 4-0.
4. APPROVAL OF MEETING MINUTES
MOTION BY MARCO, SECONDED BY BRAID TO APPROVE THE DECEMBER 9, 2024,
MEETING MINUTES.
Ayes by Prchal, Boucher-Hoese Braid and Marco. Boucher-Hoese Abstained.
The motion carried 3-0-1.
5. CONSENT AGENDA
A. Year-End Development Update (12/31/2024)
McCabe: Reviewed the 2024 year-end residential and commercial development activity.
B. Year-End EDA Revenue & Expenditure Report (12/31/2024)
McCabe: Reviewed the 2024 year-end EDA revenues and expenditures.
MOTION BY BRAID, SECONDED BY BOUCHER-HOESE TO APPROVE THE CONSENT
AGENDA.
Ayes by Braid, Prchal, Boucher-Hoese and Marco. The motion carried 4-0.
6. REMOVED CONSENT AGENDA ITEMS
None.
7. PRESENTATIONS
None.
8. OLD BUSINESS
A. Downtown Redevelopment Assistance - Chula’s
McCabe Introduces the agenda item to consider approval of a resolution approving a business
subsidy agreement with Black Hills Properties, LLC related to the redevelopment of a property
4646 Dakota Street SE
Prior Lake, MN 55372
at 4636 Colorado Street SE. McCabe summarized the costs where the developer is requesting
financial assistance as the proposed improvements related to removing a substandard building,
relocating public utilities, and expanding the public sidewalk provide benefits to both the
development and the public.
Commissioners: reviewed the draft business subsidy agreement in the form of a forgivable loan,
discussed the proposed improvements and supported EDA financial participation due to the
related public benefit. Commissioners suggested a revision to the resolution which would allow
for identified improvements to be reimbursed only after a building permit has been issued for the
new structure.
MOTION BY MARCO, SECONDED BY BOUCHER-HOESE APPROVING A BUSINESS
SUBSIDY AGREEMENT TO ASSIST WITH COSTS RELATED TO REDEVELOPMENT OF A
PROPERTY LOCATED AT 4636 COLORADO STREET SE SUBJECT TO THE INCLUSION OF
ADDITIONAL LANGAGE THAT STATES, NO LOAN FUNDS SHALL BE DISTRIBUTED UNTIL
A BUILDING PERMIT HAS BEEN ISSUED FOR THE CONSTRUCTION OF A NEW
APPROXIMATE 9,500 SQUARE FOOT TWO-STORY MIXED USE COMMERCIAL BUILDING
ON THE PROJECT SITE.
Ayes by Braid, Prchal, Boucher-Hoese and Marco. The motion carried 4-0.
9. NEW BUSINESS
None
10. OTHER BUSINESS
A. Staff Updates
I. Orderly Annexation Area AUAR – EDA Professional Services Funding
McCabe provided an update on the work staff is doing to move forward an Alternative Urban
Areawide Review and infrastructure study in the orderly annexation area. Commissioners
discussed the additional $75,000 in the 2025 EDA Professional Services budget that is
intended to be used as matching funds to a Scott County CDA grant to assist with the cost of
the AUAR.
II. Cora Project Update with The Beard Ground at February Meeting
McCabe reminded the commissioners that representatives of the Beard Group will be in
attendance at the February meeting to provide an update on the Cora Apartment project
proposed for Dakota Street.
B. Commissioner Comments
None.
11. ADJOURNMENT
MOTION BY BRAID, SECOND BY MARCO TO ADJOURN THE MEETING.
Ayes by Braid, Prchal, Boucher-Hoese and Marco. The motion carried 4-0.
The meeting adjourned at 5:12 p.m.
Submitted by Megan Kooiman