HomeMy WebLinkAbout06 9 2025 EDA Meeting Minutes PRIOR LAKE ECONOMIC DEVELOPMENT AUTHORITY
MEETING MINUTES
Monday, June 9, 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, Lake, Marco and
Boucher-Hoese. Absent Braid. Also present were Executive Director Wedel, Community
Development Director McCabe, and Deputy City Clerk / Administrative Assistant Kooiman.
2. APPROVAL OF AGENDA
MOTION BY LAKE, SECONDED BY MARCO TO APPROVE THE AGENDA
Ayes by Prchal, Marco, Boucher-Hoese and Lake.
That motion carried 4-0.
3. APPROVAL OF MEETING MINUTES
MOTION BY LAKE, SECONDED BY PRACHAL TO APPROVE THE APRIL 14, 2025, MEETING
MINUTES.
Ayes by Prchal, and Lake.
That motion carried 2-0-2 with Boucher-Hoese and Marco abstaining.
4. CONSENT AGENDA
A. Monthly Development Update (5/31/25)
MOTION BY LAKE, SECONDED BY MARCO TO APPROVE THE CONSENT AGENDA.
Ayes by Prchal, Marco, Boucher-Hoese and Lake.
That motion carried 4-0.
5. OLD BUSINESS
None.
6. NEW BUSINESS
A. Fast-Track Challenge Sponsorship
McCabe: Introduced the agenda item and gave a brief history of previous EDA support for this
event, adding the EDA has provided funds to support the event but has requested the funds not
be used as a cash prize to winners in previous years.
EDA members discussed the amount they are willing to donate and if the donation money should
be used in a certain way.
Motion by BOUCHER-HOESE and second by MARCO approving a resolution approving a
$1,000 sponsorship contribution to be utilized for a marketing contract for the event.
B. Prior Lake B Squared Ventures Preliminary Development Agreement Amendment
McCabe: Introduce the item to consider an amendment and extension to the preliminary
development agreement. McCabe gave the history of the previous amendments between the
EDA and Prior Lake B Squared Ventures. He then explained the current circumstances with a
new developer being identified to acquire the project in the future, if approved, and construct the
4646 Dakota Street SE
Prior Lake, MN 55372
building.
Motion by LAKE and a second by BOUCHER-HOESE authorizing the Executive Director to
execute the Sixth Amendment to the Preliminary Development Agreement.
C. Strategic Property Acquisition Discussion
McCabe: Introduced the item and requested direction from the EDA related to any parcels staff
should seek to acquire to facilitate future redevelopment projects.
EDA Commissioners discussed previous City of Prior Lake and EDA property acquisitions in the
downtown area and provided staff with direction on interest in additional targeted acquisitions,
should individual properties become available.
7. OTHER BUSINESS
A. Staff Updates
i. 2026 EDA Budget Direction
EDA Commissioners: provided direction to staff as they prepare the 2026 budget request.
ii. Chula’s Groundbreaking
McCabe: informed the commission that several staff and council members attended the
Chula’s Restaurant groundbreaking event.
B. Commissioner Comments
None
8. ADJOURNMENT
MOTION BY MARCO, SECOND BY BOUCHER-HOESE TO ADJOURN THE MEETING.
Ayes by Prchal, Marco, Boucher-Hoese and Lake.
That motion carried 4-0.
The meeting adjourned at 4:44 p.m.
Submitted by Megan Kooiman