HomeMy WebLinkAboutItem 02Draft minutes
CITY OF LAKEVILLE
ECONOMIC DEVELOPMENT COMMISSION
MEETING MINUTES
January 28, 2020
1. Acting Chair Matasosky called the meeting to order at 4:00 p.m. in the Marion
Conference Room.
Members Present: Comms. Collman, Dautel, Emond, Gillen, Matasosky, Seiler,
Stone
Ex-officio members: Mayor Anderson, City Administrator Miller, Chamber President
Jech
Members Absent: Comm. Scherer, Smith, Starfield
Others Present: David Olson, Community & Economic Development Director; Kati
Bachmayer, Economic Development Coordinator
2. Approval of November 26, 2019 Work Session Minutes
Comms. Emond / Collman moved to approve the minutes of the November 26
work session as presented. Motion carried unanimously.
3. Presentation of 2019 Economic Development Annual Report
Mr. Olson presented the 2019 Economic Development Annual Report. 2019 was a
record year for building permit valuations at $301.4 million. The last building permit
valuation record was set in 2017 at approximately $270 million. The largest building
permit was issued to Health Partners Park Nicollet Clinic’s new 28,000-square-foot
building on Kachina Court at the corner of 185th Street and Kenwood Trail. Although
2019 was not a record number of residential permits, it is the highest number of
permits the City has issued since 1999.The majority of single-family home building
permits were in the $201,000-$300,000 valuation range. It was noted that Lakeville
currently has about a two-year housing supply based on final plats, and about a
three-year supply when preliminary plats are also factored in.
One of the more significant activities in 2019 was the orderly annexation of the
Airlake Airport property, as requested by the Metropolitan Airports Council (MAC).
Lakeville will see new hangars being built there in 2020 and the MAC has the
runway extension in its current capital improvement plan for 2022.
4. Continued Discussion of Strategic Priorities for 2020-2023 Strategic Plan for
Economic Development
Economic Development Commission Minutes January 28, 2020 Page | 2
The summary report document included in the packet is a reflection of the November
EDC work session, December city council work session, and city staff meetings with
Craig Rapp LLC. The blanks in the document are intentional in order to allow for
time and opportunity to obtain more data to determine Lakeville’s baseline
information and averages so that we may choose appropriate goals based on that
information.
Discussion on Business Retention, Expansion and Diversification
For the purposes of this strategic planning document, the EDC members defined
“diversification” as seeking out and supporting a mix of industry types of businesses,
such as industrial, healthcare, food service, entertainment, etc. EDC members
encouraged staff to perform a market analysis on Lakeville’s commercial nodes to
determine where the gaps are and where the retail mix is meeting the market’s
needs. It was noted that a market study of the downtown area was included in the
2018 Downtown Development Guide Update. After these reports are obtained, the
EDC members will help staff determine target industry clusters for each commercial
node and actions that can be taken by members and staff to encourage desired
development.
City Administrator Miller told the group that the City is hosting an Urban Land
Institute (ULI) presentation in April focused on retail and commercial sectors. Retail
sector experts will be present to explain where Lakeville sits in the market and
should provide insight on the trends and market gaps. Lakeville is the first city to
have ULI do this kind of presentation – the organization was here in 2017 but that
presentation was focused heavily on residential. Mayor Anderson encouraged staff
to think of ways we relay this information to the existing business nodes and
recommended the possibility of adding a fourth strategic initiative related to this type
of activity.
EDC members agreed that obtaining data and creating reports for site selectors and
business prospects, especially about the city’s growth curve, was important and
would provide helpful information for businesses interested in development in
Lakeville. EDC members encouraged staff to include information about what portion
of Dakota County’s growth has been from Lakeville’s growth (both residential and
commercial growth) and our retail occupancy rate compared to the metropolitan’s
average rate and our neighboring communities.
Discussion on Maximize and Market Our Competitive Edge
EDC members agreed that it was time to revisit and refresh the City’s economic
development marketing strategy that was developed approximately 10 years ago.
Discussion on Housing to Support Economic Goals
Mr. Olson informed the EDC that the City Council recently heard a presentation from
the Metropolitan Council which stated that bus rapid transit service will not be
coming to Lakeville for the foreseeable future. However, the city will continue to have
express bus service downtown Minneapolis, which is seeing strong demand.
Economic Development Commission Minutes January 28, 2020 Page | 3
During the housing discussion, Mr. Olson noted that a multi-family apartment project
has been proposed in the Timbercrest development near Best Buy and the
Speedway. Commissioner Gillen expressed concern about changing the City’s
commercial zoning areas to high density residential. He wanted to ensure that the
City was retaining the proper amount of retail space for the market’s needs.
Administrator Miller noted that the ULI presentation in April will help to bring clarity to
this issue. The EDC encouraged staff to monitor the multi-family rental absorption
rates in Lakeville and the neighboring communities.
Discussion on Workforce Availability and Utilization
Chamber President Jech shared information with the group about the Lakeville
Works program. Lakeville was fortunate to recently be awarded a $90,000 Youth
Skills Training Program grant through the Minnesota Department of Labor and
Industry. This grant will provide Lakeville high school students with hands-on
workforce training through manufacturing and transportation industry internships.
Mrs. Jech also noted that the Lakeville Works committee will have a strategic
planning session in March.
At the end of the meeting, it was requested that the March meeting be moved to the
5th Tuesday of the month because the normal EDC meeting date takes place during
Lakeville Public School district’s spring break. All EDC members were agreeable to
the date change.
Adjourn
Meeting adjourned at 5:06 p.m.
Respectively submitted by:
Kati Bachmayer, Economic Development Coordinator