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HomeMy WebLinkAbout02-27-01-01 Economic Development Commission ~ Meeting Minutes 1=ebruary 27, 2001 City of Lakeville Economic Development Commission • Meeting Minutes February 27, 2001 6:00 p.m. Appro Development 21476 Grenada Avenue, Lakeville Members Present: Emond, Miller, Tushie, Pogatchnik, Brantly, Matasosky, Vogel. Members Absent: Schubert, alternate member Erickson, ex-officio member Bornhauser. .Others Present: Robert Erickson, City Administrator; Arlyn Grussing, Community & Economic Development Director; Ann Flad, Economic Development Coordinator. Visitors: Paul Steinman and Mikaela Huot of Springsted Public Finance Advisors. 1. Call Meeting to Order. Chair Vogel called the meeting to order at 6:05 p.m. in the conference room of Appro Development, 21476 Grenada Avenue, Lakeville. 2. Approval of February 15, 2001 Special Meeting Minutes. Motion 01.09 Comms. Emond/Pogatchnik moved to approve the February • 15, 2001 Special Meeting Minutes. Motion carried unanimously. 3. Incentive Study Mr. Grussing indicated the study will explore financial tools available to the City. As with many tools there is little room for creativity. The creativity in marketing Lakeville will come from the marketing plan and not the financial tools study. Paul Steinman and Mikaela Huot of Springsted Public Finance Advisors presented the first of three parts of a matrix they are developing to identify financial tools that Lakeville may be able to use to address economic development projects. This first part of the matrix identifies the economic development issues the EDC wants to address as extrapolated from the Strategic Plan for Economic Development and Springsted's conversation with the Commission at the January, 23, 2001 meeting. The second part of the matrix will outline tools available, while the third part of the matrix will provide detailed information on the tools' uses in Lakeville. Mr. Erickson indicated that creative tools should be included in the matrix, such as The City of Lakeville Wetland Bank. Mr. Steinman indicated that the study would consider financial "tools" the City could consider using to address economic development projects, as opposed to "incentives." He then referred to Springsted's February 23, 2001 document that outlined eight categories of issues in Lakeville: downtown, freeway, retail development, community enhancement, . business attraction, business retention and expansion, housing, and public/private infrastructure. The EDC was asked to review and confirm that these are the issues financial tools are being sought for. 1 G:V1FIad1ECONDEV5EDC12001 mtgs~2February 2T022701 minutes.doc Economic Development Commission Meeting Minutes February 27, 2001 1. Downtown: Discussion ensued about the identity and ambiance of downtown. Springsted will add a marketing subcategory to this issue. 2. Freeway: Comm. Tushie suggested adding a subcategory relating to redevelopment of highway 46. He also suggested Springsted consider the entire freeway corridor as one issue. Development/redevelopment of highway 70 will also be added. 3. Retail Development: Comm. Brantly suggested adding regional retail center in order to capitalize on Lakeville's position as the southern gateway to the metro area. Mr. Erickson also noted that Cedar would see additional retail development in the future. 4. Community Enhancements: Park dedication fees will be noted as a potential financial tool. Mr. Erickson indicated the need to find additional sources of funding for the Comprehensive Parks, Trails, and Open Space Plan so that park dedication fees received from commercial and industrial projects can be used to benefit business areas. 5. Business attraction: Comm. Matatsosky suggested adding the promotion of automation to the business attraction category. Mr. Steinman will also change the subcategory of industrial/manufacturing to light manufacturing. 6. Business Retention and Expansion: No changes were suggested 7. Housing: Comm. Tushie suggested adding market rate rental. Chair Vogel suggested adding manufactured housing. 8. Public/Private Infrastructure: Discussion ensued regarding difficulties in expanding Airlake Airport's runway and capacity difficulties of the Empire Treatment Plant brought on by excelerated growth. • Mr. Steinman and Ms. Huot will incorporate the above issues into the matrix and will have a preliminary draft of the entire matrix completed in approximately one month. The Incentive Subcommittee will review the matrix draft and work with Springsted to refine it before presenting it to the EDC. 4. High Tech Subcommittee update. Chair Vogel indicated that he and the Chair of the Telecommunications Commission met with staff to confirm the purpose of the subcommittee. Staff was directed to obtain a scope of work and cost estimate from a consultant that could assist the subcommittee in reviewing the high tech infrastructure and business needs in Lakeville. Staff obtained an estimate from David MacKenzie, who previously consulted with the Telecommunications Commission on technology issues. 5. Review and Update of Strategic Planning Process. Chair Vogel indicated a need to review the Strategic Plan for Economic Development in order to ascertain the direction for 2001 and to begin planning for a new Strategic Planning process in the fall. Ms. Flad distributed an update on the progress made on the 2000-2001 Strategic Plan to date. The plan will be discussed in detail at the March meeting. 6. Park Dedication Fee Subcommittee update. • Mr. Erickson indicated that the City Council reviewed the Park Dedication Subcommittee's February 22, 20D1 recommendation "that the current offer by Airlake Development to pre- pay park dedication fees be accepted as it satisfies the joint goals of the committees." The Council has requested acost-benefit analysis from the Finance Department in order Page 2 of 4 Economic Development Commission 'Meeting Minutes February 27, 2001 to determine the fiscal impact of accepting payment now as opposed to when the property is platted. The Council will make a decision after the cost-benefit analysis is reviewed. No further action by the EDC was requested. The EDC stated their appreciation to the City • Council for their consideration of this matter. 7. Annual Development Project Feedback Report. Ms. Flad presented results of the Project Feedback surveys that were mailed out in 2000. Satisfaction has increased greatly from 1999, with individual measures showing 6% to 23% increases in satisfaction. Fifty-two surveys were mailed to developers and business owners involved in twenty-three completed projects. Discussion ensued about quantifying the satisfaction of persons who never complete the process. Ms. Flad suggested this be incorporated into the Strategic Plan for Economic Development and its priority determined. Comm. Pogatchnik suggested this information be shared with the staff responsible for customer service. 8. ProspecUlnquiry Report. Ms. Flad provided information on the prospects and inquiries she has received to date. The entire Community & Economic Development Department has been asked to provide information to Ms. Flad on the inquiries they respond to, in order to ascertain trends such as demand and size of retail space, demand and size of property for industrial development, etc. This report will be provided to the EDC on an ongoing basis. 9. Airlake Airport Facilities update. Mr. trussing reported that staff met on February 16, 2001 with Appro Development and Jack Eberlein of the Metropolitan Airports Commission to review the preliminary proposal • by Mr. Glenna for an airplane hanger that could accommodate other corporate users in Lakeville. Mr. Glenna is expected to request financial support from the EDC for this project. Staff is working on a cost benefit analysis of the project, while MAC will be exploring their ability to assist the project. It was further discussed that the current FBO may change ownership and the new owners may consider an upgrade of the FBO facility. 1D. Meeting adjourned at 8:21 p.m. Respectfully submitted by: Atteste~d-t-o': Ann Flad, Recording Secretary R.T. Bran ly, Secretary Page 3 of 4