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HomeMy WebLinkAbout04.27.21CITY OF LAKEVILLE ECONOMIC DEVELOPMENT COMMISSION MEETING MINUTES April 27, 2021 1. Vice Chair Starfield called the meeting to order at 4:00 p.m. via teleconference. Members Present: Comms. Bjorklund, Christiansen, Emond, Gillen, Matasosky, Phillips, Seiler, Starfield Ex-officio Members Present: Chamber President Jech, City Administrator Miller Members Absent: Comm. Collman, Stone Staff Present: David Olson, Community & Economic Development Director; Kati Bachmayer, Economic Development Coordinator; Finance Director, Jerilyn Erickson 2. Approval of March 23, 2021 Meeting Minutes Comms. Seiler / Emond moved to approve the minutes of the March 23 meeting. Motion carried unanimously. 3. Introduction of new EDC Members Jessica Christiansen and Andrew Phillips and EDC Alternate Rick Bjorklund Mr. Olson introduced the new EDC members: Jessica Christiansen (previous alternate member, appointed as a regular member in 2021), Andrew Phillips (new regular member) and Rick Bjorklund (new alternate member). 4. Election of Officers Mr. Olson informed the EDC that an election of officers is required during the April meeting following the new commission appointments made by the City Council. Vice Chair Starfield opened the floor for nominations for chair. Comm. Matasosky nominated Comm. Seiler for the position and City Administrator Miller informed the group that Comm. Collman had emailed his self-nomination to city staff prior to the meeting. Nominations closed and a roll call vote was taken to elect the EDC chair position. Members voting for Seiler: Bjorklund, Christiansen, Emond, Gillen, Matasosky, Starfield. Members abstaining: Phillips, Seiler. Members voting for Collman: None. Comm. Seiler was unanimously elected chair. Vice Chair Starfield opened the floor for vice chair nominations and Comm. Emond nominated Comm. Collman for vice chair. Hearing no additional nominations, Vice Chair Starfield closed nominations and held the vote. Comm. Collman was unanimously elected vice chair. Vice Chair Starfield opened the floor for secretary nominations and Comm. Christiansen nominated herself for the position. Hearing no additional nominations, Vice Chair Starfield closed nominations and held the vote. Comm. Christiansen was unanimously elected secretary. Economic Development Commission Minutes April 27, 20 21 Page | 2 5. Presentation on the Impact of Development on the City of Lakeville Tax Base – City Finance Director Jerilyn Erickson Finance Director Erickson presented information about the impact of development on the City of Lakeville’s tax base. Ms. Erickson informed the group that the City of Lakeville has experienced significant growth in the past twenty year in areas such as population growth (55,954 residents in 2010 increasing to an estimated 65,831 residents in 2019) and taxable market value ($5.7 billion in 2019 increasing to $8.1 billion in 2020). In 2021, the median home value is $327,692 and 44% of Lakeville properties have a taxable market value at or below $300,000. 6. Continued Roundtable Discussion of COVID-19 Impacts on Lakeville Businesses Chamber President Jech said they are frequently hearing about the need for employees, especially in the tourism industry. The group discussed labor participation rates, workforce availability and the effects of the federal government’s weekly unemployment insurance stipend. Business has improved at the local restaurants, although dining has not yet reached pre-COVID levels. The high cost of lumber and steel was discussed and its effect on commercial, industrial and residential development. City Administrator Miller informed the EDC that Dakota County has thousands of available COVID-19 vaccination appointments administered through the public health department. 7. Director’s Report Mr. Olson highlighted several items from the Director’s Report, including the fact that two purchase agreements were received on the city-owned property along CR50/Kenwood Trail, west of McDonald Eye Care. The City Council reviewed both proposals during a closed session on April 26th and provided staff a recommendation on how to proceed with the sale. Adjourn Meeting adjourned at 5:08 p.m. Respectively submitted by: Kati Bachmayer, Economic Development Coordinator