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HomeMy WebLinkAbout03-27-12City of Lakeville Economic Development Commission Meeting Minutes March 27, 2012 Marion Conference Room, City Hall Members Present: Comms. Matasosky, Brantly, Schubert, Emond, Longie, 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, Tushie. 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 January 31, 2012 Meeting Minutes Motion 02.12 Comms. Emond / Longie moved to approve the minutes of the January 31, 2012 meeting as presented. Motion carried unanimously. 3. Election of Officers The EDC discussed voting in new officers for 2012 and decided to allow additional time to consider who would be willing to fill the elected positions. Motion 03.12 Comms. Schubert/Emond moved to defer the election of officers to the next regularly scheduled EDC meeting. Motion carried unanimously. 4. Update on Business Marketing Strategy Project Mr. Kienberger provided an update on the status of the Business Marketing Strategy. He noted that the brand and tagline were unveiled at the State of the City address at the Holiday Inn and Suites on March 21. The EDC discussed the final product and noted several opportunities to advertise or highlight the new brand including Lakeville's Pan- O -Prog. Economic Development Commission Meeting Minutes March 27, 2012 It was noted that the EDC would be provided with regular updates on the progress of the implementation and that continual evaluation would be conducted to help gauge the impact of specific implementation pieces. 5. Review of DEED Infrastructure Grant Application for Airlake 70 Development Mr. Kienberger reviewed the EDC memo on the Minnesota Department of Employment and Economic Development (DEED) Innovative Business Development Public Infrastructure grant application (BDPI) for the Airlake 70 development. Mr. Olson added that the adjacent property owned by Fischer will be assessed upon development of their property. Comm. Emond asked about the demand for industrial sites of this size in Lakeville. Mr. Olson responded that there currently isn't sufficient 20 -plus acre sites available for the types of business prospects interested in locating in Lakeville. Comm. Vlasak asked about undeveloped land west of Dodd Boulevard that is zoned industrial and office park. Mr. Mielke responded that the owners aren't ready to develop and that there currently isn't infrastructure in place to serve those future industrial and office park sites. Comm. Emond asked who would assume the risk for paying back the DEED grant if an eligible business isn't located there in the required timeframe. Mr. Olson stated that the City will execute a development agreement with Airlake Development granting them responsibility for any potential future grant repayments. Motion 04.12 Comms. Starfield / Emond moved to recommend to the City Council that they authorize submittal of the Airlake 70 DEED Innovative BDPI grant application. Motion carried unanimously. [Chair Matasosky abstained from the vote]. 6. Joint Powers Agreement for Downtown CDA Funded TIF Projects Mr. Olson reviewed the EDC memo outlining a joint powers agreement (JPA) with the Dakota County CDA for utilizing proceeds from the CDA's TIF District No. 2 in Downtown Lakeville. Comm. Starfield asked about the possibility of a parking ramp on the Ben Franklin block being constructed in the future. Mr. Olson responded that single ownership of the parcels comprising the existing parking lot would increase the opportunity for this option in the future. 2 Economic Development Commission Meeting Minutes March 27, 2012 Mr. Mielke add that a ramp isn't feasible for this location at this time due to the current cost per parking stall. Motion 05.12 Comms. Emond /Brantly moved to recommend to the City HRA that they approve the joint powers agreement with the CDA as presented. Motion carried unanimously. 7. Director's Report Mr. Olson reviewed the Director's Report. 8. Adjourn The meeting was adjourned at 5:50 p.m. Respectfully submitted by: ,z �- - Adam Kien er ge ORecording Secretary Attested to: R. T. Brantly, Secretary 3