HomeMy WebLinkAbout01-26-16
CITY OF LAKEVILLE
ECONOMIC DEVELOPMENT COMMISSION
MEETING MINUTES
January 26, 2016
1.
Chair Starfield called the meeting to order at 4:30 p.m. in the Marion Conference Room at
City Hall.
Members Present:
Comms. Starfield, Matasosky, Scherer, Vlasak, Emond, Longie,
Rajavouri, Collman, Gillen
ex-officio members: Mayor Little, City Administrator Miller.
Members Absent:
Comms. Smith
ex-officio members: Chamber President Roche
Others Present:
David Olson, Community & Economic Development Director; Rick
Howden, Economic Development Specialist, Tom Carlson from Aerial Data Services.
Mr. Carlson, from Aerial Data Services, a new business in Lakeville introduced himself
and gave a brief introduction to his business and services regarding construction, land
development and real estate.
2. Approval of November 24, 2015 meeting minutes
Comms. Matasosky/Scherer
moved to approve the minutes of the November 24, 2015
.Motion carried unanimously
meeting as presented .
3. Presentation of 2015 Economic Development Annual Report
Mr. Olson presented the 2015 Economic Development Annual Report.
4. Review of Maxfield Research Presentation
Mr. Olson introduced the attached Maxfield Research & Consulting presentation on the
Twin Cities Real Estate Market Overview. The presentation provides an overview of Twin
Cities real estate development, leasing and market values for 2015 as well as some
forecasts for 2016. The information is provided as we prepare for proposals for higher
density multi-family projects in 2016 and beyond.
5. Director’s Report
Mr. Olson reviewed the Director’s Report.
The City issued building permits with a total valuation of $200,897,819 in 2015. This was
an increase of over $56 million compared to the 2014 total of $144,277,182. It is the third
time in the City’s history that building permits exceeded $200 million with the last time
being 2004.
The City issued commercial and industrial permits with a total valuation of $45,121,000 in
2015 compared to a total valuation of $13,798,000 during 2014. This is the highest
valuation for commercial and industrial permits in the City’s history. Previously the
highest commercial and industrial valuation was $44,513,000 in 2004.
Mr. Olson also provided a brief update on the reverse commuting initiative being led by
the Lakeville Area Chamber of Commerce.
st
The Planning Commission reviewed this ordinance at their January 21 Work Session.
The Planning Commission indicated that they would be comfortable recommending
reducing the rate of change for messages from 60 seconds to 30 seconds and would
review the rate of change again in the future. The Planning Commission did not support
any changes to the prohibition on animation, scrolling, flashing etc.
6. Adjourn
Meeting adjourned at 5:42 p.m.
Respectfully submitted by
Rick Howden, Economic Development Specialist