HomeMy WebLinkAbout02-26-91 CITY OF LAKEVILLE
ECONOMIC DEVELOPMENT COMMISSION MEETING MINUTES
FEBRUARY 26, 1991
The meeting was called to order at 7:00 p.m. in the City Hall conference
room.
Members present: Brantly, Berg, Detjen, Emond, Erickson, Hanlon,
Matasosky, Tushie.
Members absent: Meledandri.
Others present: Michael Sobota, Community and Economic Development
Director; Daryl Morey, Assistant Community and Economic Development
Director; Elizabeth Halbach, Executive Director of the Chamber of Commerce;
and Bill Haugen, President of the Chamber of Commerce.
Brantly stated that paza~raph 3 on pale 2 of the February 5, 1991 Economic
Development Commission meeting uunutes should be changed to read the
identity of the City...:'.
91.07 Motion was made by Matasosky, seconded by Emond, to approve the minutes of
the February 5, 1991 Economic Development Commission meeting as amended.
• Motion was approved unanimously.
Michael Sobota gave an overview of the County Road 46 Interchange Project.
He stated that the City's share of the project's cost will be approximately
$5-$8 million. He stated that the City needs to develop a strategy for
it's shaze of the costs. He stated that the project will hkely result in
redevelopment of existing uses in the protect area. Members of the
Commission discussed possible redevelopment plans for the interchange azea
and potential negative impacts on the Southfork area. The Commission
requested that staff provide them the opportunity to review future
redevelopment plans for the County Road 46 area.
Mr. Sobota stated that the City is seeking a boundary modification to the
Mills Fleet Farm TIF protect area. This boundary modification would bring
all of the County Road 46 Interchange Project azea into the Mills Fleet
Farm TIF project area, thus allowing excess increment from the Mills Fleet
Farm TIF to cover part of the City's costs for the County Road 46
Interchange Project. It is projected that the Mills Fleet Farm TIF will
generate $800,000 in excess increment by 1996. Mr. Sobota noted that the
County Road 46 Interchange Project will improve access to Mills Fleet Farm.
91.08 Motion was made by Tushie, seconded by Matasosky, to recommend approval of
the proposed changes to the redevelopment area boundary and Mills Fleet
Farm TIF Plan.
. Motion was approved unanimously,
ECONOMIC DEVELOPMENT COMMISSION MEETING MINUTES
FEBRUARY 26, 1991
Page 2
Mr. Sobota outlined marketing issues that were raised at the February 5,
1991 Economic Development Commission meeting. He initiated a discussion of
a marketing plan outline. The marketing plan outline included a discussion
of Lakeville's Economic Resources (access to mazkets, access to labor,
access to land/utilities, access to support services and duality of life),
developwent constraints (Airlake Industrial Pazk title issues, visibility
in the Twin Cities development community, the perception that the City is
not developer friendly (fees, billing system, time delays), affordable
housing and lack of a community identity), and market opportunities and
direction incubator, industrial retention and eax~ppansion, light
industrialsofflce/warehouse, housing site idenU'fication).
Mr. Sobota stated that there is money in the budget to hire a consultant to
assist in developing the marketing plan. He also suggested that
subcommittees be formed to tackle the pro'ects idenrified in the marketing
plan outline, such as: fee structure review, ~ousing site selection,
business retention visits, incubator, and an Airlake Industrial Park map.
The Commission decided not to form subcommittees until goals are
established and the marketing plan is in place.
Commission members discussed the strategy and timetable for the preparation
• and implementation of the marketing plan.
Mr. Sobota have an update of current economic development
projects/acttvities. He solicited comments on the Apothecary Products
proposal Tushie felt that the cost for Apothecary Products to locate in
the Fairfield Business Pazk (neazly $1.00 per squaze foot) may not be
enough when compared with other opportunities in the metro area. Mr.
Sobota stated that current bond costs and the structure of the project
would not allow much for additional incentives.
Mr. Sobota briefly discussed the community commercial-industrial valuation
per capita handout for cities over 9,000 population. He stated he would
obtain additional clarification on this issue.
91.09 Motion was made by Erickson, seconded by Detjen, to adjourn the meeting.
Motion was approved unanimously.
T' e: 9:10 p.m.
Re ectfully ub 'tted:
aryl Mor
Recordin ecretazy
ECONOMIC DEVELOPMENT COMMISSION MEETING MINUTES
FEBRUARY 26, 1991
Page 3
ATTEST:
A
ary shie
Secretary