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HomeMy WebLinkAbout01-31-12City of Lakeville Economic Development Commission Meeting Minutes January 31, 2012 Marion Conference Room, City Hall Members Present: Comms. Matasosky, Brantly, Schubert, Emond, Longie, Tushie, Starfield, Vlasak, Ex- officio member Mayor Mark Bellows, Ex- officio member Lakeville Area Chamber Executive Director Todd Bornhauser, Ex- officio member City Administrator Steve Mielke. Members Absent: Comm. Smith. Others Present: David Olson, Community & Economic Development Director; Adam Kienberger, Economic Development Specialist. 1. Call Meeting to Order Chair Matasosky called the meeting to order at 4:30 p.m. in the Marion Conference Room of City Hall, 20195 Holyoke Avenue, Lakeville, Minnesota. 2. Approve November 22, 2011 Meeting Minutes Motion 01.12 Comms. Longie /Schubert moved to approve the minutes of the November 22, 2011 meeting as presented. Motion carried unanimously. 3. Update on Business Marketing Strategy Project Mr. Kienberger provided an update on the status of the Business Marketing Strategy. He reviewed an abbreviated presentation provided by Arnett Muldrow & Associates that was presented to the City Council at their January 3 rd work session. Mayor Bellows added that the marketing strategy was well received by the City Council at the work session. Comm. Tushie noted that the strategy will be strengthened by having the partner organizations buy into and use it. 4. Presentation of 2011 Economic Development Annual Report Mr. Olson reviewed the Community & Economic Development Department's annual report. Economic Development Commission Meeting Minutes January 31, 2012 5. Review of Possible Downtown CDA TIF Projects Mr. Olson reviewed the EDC memo discussing possible Downtown projects to be funded with available resources from the Dakota County CDA's Tax Increment Financing (TIF) District Number 2. The Dakota County CDA's District No. 2, which included a large number of parcels in Lakeville, was de- certified at the end of 2010. City staff has been in discussions with CDA staff over the past year to discuss possible projects that could be funded with tax increments previously collected within this TIF District. Possible projects include public parking acquisition and improvements in the Ben Franklin block, and acquisition of a foreclosed residential property at the southwest corner of Holyoke Avenue and 210 Street. Comm. Tushie suggested that a parking ramp be considered for the rear building area of the Ben Franklin block to provide additional parking spaces. He added that an equitable payment mechanism should be established for the benefiting businesses of any new parking improvements. Comm. Vlasak added that the quicker the City can purchase the necessary portion of the parking area, the quicker the bank can likely sell the related commercial building. The EDC also agreed that the acquisition of the foreclosed home was a good project and should be acted upon quickly. 6. Director's Report Mr. Olson reviewed the Director's Report. Mr. Mielke noted the revised City Council board and commissions appointment process. Mr. Mielke provided an update on the Developer's Forum and noted that an update was just emailed to the list serv. Chair Matasosky responded that the process has been very productive. Comm. Tushie added that there is still a lack of high - density properties available for development in the City. Chair Matasosky responded that density needs to be sold or promoted as a product and not just a color on a map. 2 Economic Development Commission Meeting Minutes January 31, 2012 7. Adjourn The meeting was adjourned at 5:55 p.m. Respectfully submitted by: Adam Kienberger, Recording Secretary Attested to: R. T. Brantly, Secretary �'