HomeMy WebLinkAbout06-18-13CITY OF LAKEVILLE
ECONOMIC DEVELOPMENT COMMISSION
MEETING MINUTES
June 18, 2013
Chair Starfield called the meeting to order at 4:30 p.m. in the Marion Conference Room
at City Hall.
Members Present: Comms. Matasosky, Akason, Vlasak, Emund, Starfield, Tushie,
Schubert, Ex- officio member City Administrator Steve Mielke.
Members Absent: Comms. Smith, Longie.
Others Present: David Olson, Community & Economic Development Director; Adam
Kienberger, Economic Development Specialist; Grady Hamilton, Trammell Crow
Company.
2. Approval of April 23, 2013 meeting minutes
Motion Comms. Matasosky / Tushie moved to approve the minutes of the
April 23, 2013 meeting as presented. Motion carried
unanimously.
3. Presentation by Grady Hamilton, Trammell Crow — Developer of First Park
Lakeville
Grady Hamilton of Trammell Crow Company gave a presentation on commercial
development across the Twin Cities noting growth areas for warehouse /distribution
projects.
EDC members asked about comparable lease rates, development trends, and the
need for incentives.
Mr. Hamilton responded that incentives are quite common, although needed less in
core cities. He noted that the availability of incentives makes industrial property
more salable and attractive to potential projects.
Comm. Matasosky and Tushie added that incentives are best used on a case -by-
case basis and be dependent on job creation goals.
Mr. Mielke added that Scott County is extremely aggressive on using incentives for
economic development.
Comm. Vlasak asked what Scott County is doing that Dakota County currently isn't.
Mr. Olson responded that Scott County partners with its cities on doing tax
abatement projects, whereas Dakota County has historically opposed the use of tax
increment financing and has not participated in any tax abatement projects.
Economic Development Commission Meeting Minutes, June 18 2013 Page 2
Comm. Tushie noted that apartment projects with a low number of jobs often have
similar tax base implications that certain types of industrial warehousing projects
provide.
Mr. Olson responded that three recent senior housing projects in Lakeville provide a
significant tax base to the community, but TIF incentives can't be granted on tax
base expansion alone.
Mr. Mielke asked how the City can help jointly market these industrial properties
with the brokers.
Mr. Hamilton responded that by allowing them to communicate the availability of
TIF and incentives on the front end of a project, the sites become much more
marketable.
Comm. Tushie noted that in Woodbury one type of incentive that was utilized was
the creation of a regional storm water pond to facilitate development.
Mr. Hamilton thanked the EDC for their time and concluded his presentation.
Presentation to Former Chair Jack Matasosky
The EDC presented Jack Matasosky with a recognition plaque for serving as EDC
chair for the past ten years. They thanked Comm. Matasosky for his many years
serving as EDC Chair.
4. Update on Downtown Parking Lot Project
Mr. Olson provided an update on the concept plan for the redevelopment of the
Downtown parking lot on block behind the commercial buildings on the west side of
Holyoke south of 207 Street.
5. Update on Business Marketing Strategy Implementation Activities
Mr. Kienberger provided an update on the Business Marketing Strategy noted some
of the upcoming events staff will be participating in to promote economic
development in Lakeville.
6. Update by City Administrator Steve Mielke on Envision Lakeville Project
Mr. Mielke provided an update on the Envision Lakeville process. He noted that the
Task Force has developed "themes" and "values ", and is currently working on
"strategic initiatives ". The process is expected to be completed by mid - August.
7. Director's Report
Mr. Olson reviewed the Director's Report.
8. Adjourn
Meeting adjourned at 5:55 p.m.
Economic Development Commission Meeting Minutes, June 18 2013 Page 3
Respectfully submitted by:
Adam Kienberger, Recording Secretary