HomeMy WebLinkAbout02-26-13CITY OF LAKEVILLE
ECONOMIC DEVELOPMENT COMMISSION
MEETING MINUTES
February 26, 2013
Chair Matasosky called the meeting to order at 4:30 p.m. in the Marion Conference
Room at City Hall.
Members Present: Comms. Matasosky, Vlasak, Longie, Brantly, Starfield, Tushie,
Schubert, Ex- officio member Chamber of Commerce Executive Director Todd
Bornhauser, Ex- officio member Mayor Matt Little, Ex- officio member City Administrator
Steve Mielke.
Members Absent: Comm. Smith, Emond.
Others Present: David Olson, Community & Economic Development Director; Adam
Kienberger, Economic Development Specialist; Mike and Valerie McBrady, Rob Novak,
ImageTrend.
2. Approval of January 22, 2013 meeting minutes
Motion Comms. Tushie / Brantly moved to approve the minutes of the
January 22, 2013 meeting as presented. Motion carried
unanimously.
3. Review of Proposed Amendment to the ImageTrend Contract for Private
Development
Mr. Olson introduced Mr. McBrady from ImageTrend and provided background
information on the request regarding the proposed amendment to the ImageTrend
Contract for Private Development.
Mr. McBrady reviewed a presentation on ImageTrend and noted that they currently
employ 146 people with an expected growth rate of 20% per year. They are
seeking an extension to fulfill the building expansion component of the Contract for
Private Development and noted that they have already more than doubled the job
creation requirement of the agreement.
Comm. Tushie asked what the original goal of the City was in the development
agreement, jobs or building square footage.
Mr. Olson responded that the negotiated land sale to ImageTrend was predicated
on both jobs and building expansion. The Contract required the creation of 21 jobs
and 50,000 square feet of building expansion. To date ImageTrend has completed
a 27,000 square foot expansion, and has created 46 new jobs.
Comm. Tushie noted that the 27,000 square feet of office space expansion is more
valuable than 50,000 square feet of warehouse space would be in the City.
Economic Development Commission Meeting Minutes, February 26, 2013 Page 2
Coupled with the significant amount of high - paying jobs created, ImageTrend is well
within the original intent of the development agreement.
Motion Comms. Tushie /Starfield moved to recommend that City Council
amend the Contract for Private Development with ImageTrend to
extend the completion date of their Phase B expansion to
December 31 2015. Motion carried unanimously. [Chair
Matasosky abstained from the vote]
4. Presentation of the 2012 Economic Development Annual Report
Mr. Olson reviewed the 2012 Economic Development Annual Report.
[Comm. Vlasak excused himself from the meeting at 5:00 p.m.]
5. Update on Business Marketing Strategy Implementation Project
Mr. Kienberger provided an update on the recent activities related to the
implementation of the business marketing strategy.
Comm. Tushie inquired about a focused approach to target markets and suggested
there might be some benefit to creating a stand -alone website for economic
development.
Comm. Starfield noted the benefits of using a contact management client such as
Constant Contact to track impacts of messaging.
6. Director's Report
Mr. Olson reviewed the Director's Report and highlighted the launch of the Open to
Business Program which will have office hours in City Hall the fourth Tuesday of
each month from 1:00 p.m. to 3:00 p.m.
Mayor Little provided an update to the EDC on the last City Council work session
where they discussed commercial and industrial park dedication recommendations
and the recommended TIF and Tax Abatement policies.
7. Adjourn
Meeting adjourned at 5:45 p.m.
Respectfully submitted by:
Adam Kienberge Recording Secretary