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HomeMy WebLinkAbout05-23-89 M CITY OF LAKEVILLE ECONOMIC DEVELOPMENT COMMISSION MINUTES MAY 23, 1989 The meeting was called to order by Chairman Emond at 7:40 p.m. in the City Hall Conference Room. Members present: Emond, Leslie, Matasosky, Erickson. Members absent: Berg, Macklin, Meledandri. Also present: Robert Erickson, City Administrator, Daryl Morey, Assistant Community Development Director and Elizabeth Halbach, Director of the Lakeville Chamber of Commerce. 89.08 Motion was made by Matasosky, seconded by Leslie to approve the minutes of the January 24, 1989 Economic Development Commission meeting. Ro11 call was taken on the motion. Ayes: Unanimous. 89.09 Motion was made by Leslie, seconded by Matasosky to approve the minutes of the March 28, 1989 Economic Development Commission meeting. Roll call was taken on the motion. Ayes: Unanimous. • Robert Erickson gave a brief explanation of the current status of the proposed Lakeville Tax Increment Financing Policy. Comment was forthcoming from the City's tax increment and bond counsels regarding the proposed TIF Policy. In addition, the Legislature yesterday concluded it's session and the status of legislation on tax increment financing needs to be studied. He recommended tabling this item to the next meeting to give staff time to study the legislative changes to tax increment financing and to incorporate those changes, along with tax increment and bond counsel comments, into a revised proposal and to allow Commission members to have adequate time to review the revised proposal prior to the next meeting. 89.10 Motion was made by Matasosky, seconded by Leslie to table discussion of the proposed Lakeville Tax Increment Financing policy to the June 27, 1989 meeting. Roll call was taken on the motion. Ayes: Unanimous. Robert Erickson gave an update of the proposed GlenEagles development. He stated that GlenEagles is scheduled to be discussed at a City Council work session on June 12, 1989. GlenEagles was discussed amongst the Commission members. • ,t , ECONOMIC DEVELOPMENT COMMISSION MEETING MINUTES MAY 23, 1989 Commission members discussed the role and function of the Economic Development Commission. They expressed an interest in having their role and function more clearly defined so that they can be more effective. Robert Erickson suggested the concept of an intern to visit with every commercial/industrial business in the city to discuss business retention and explore their future expansion plans. The Commission members agreed to discuss this issue further at the next meeting. Robert Erickson referenced a recently completed community development report on unbuilt and tax delinquent lots. He reported that there is less than a 57," tax deliquency on property in the city. He also reported that there is a two year supply of vacant single family lots in the city. The May 10, 1984 Current and Pending Development Report was presented to the Commission. Commission members discussed the status of various developments included in the report. Robert Erickson gave an update of the LCC Ice Arena. • Other Business: Elizabeth Halbach stated that Chamber of Commerce members have expressed an interest in taking the Commerce and Industry Day tour. Commission members agreed that Chamber of Commerce members should be invited to take this year's tour. Commission members discussed the status of Airlake Industrial Park and the Southfork Shopping Center. 89.11 Motion was made by Leslie, seconded by Erickson to adjourn the meeting. Roll call was taken on the motion. Ayes: Unanimous. Time: 8:50 p.m. Re ectfully s witted: Daryl D. orey Assistan Community Devel ent Director • 2