HomeMy WebLinkAbout02-25
CITY OF LAKEVILLE
ECONOMIC DEVELOPMENT COMMISSION
MEETING MINUTES
February 25, 2025
1. Acting Chair Collman called the meeting to order at 4:00 p.m. in the Marion Conference
Room.
Members Present: Comms. Victor Arredondo, Rebecca Bergin, Rick Bjorklund, Lowell
Collman, Joe Eykyn, John Swaney
Ex-officio Members Present: Chamber President Krista Jech, City Administrator Justin
Miller, City Mayor Luke Hellier
Members Absent: Comm. Andrew Phillips, Don Seiler
Staff Present: Tina Goodroad, Community Development Director; Kati Bachmayer,
Economic Development Manager, Dawn Erickson, Senior Administrative Assistant
2. Approval of Minutes
a. January 28, 2025 EDC Meeting Minutes
Comms. Bjorklund / Bergin moved to approve the minutes of the January 28, 2025 meeting.
Motion carried unanimously.
3. Guest Speaker
a. CERRON Properties
CERRON Properties representatives Rocky Ranch and Roz Peterson provided
information about what they see happening in the commercial real estate market. Ms.
Peterson provided analytics on Lakeville’s current for-sale and for-lease properties.
According to Moody’s, retail properties comprised 44.5% of available leases, followed by
industrial at 34.9% and office at 20.6%. Of the for-sale listings, industrial buildings
currently have the highest availability.
EDC members asked questions and provided feedback.
4. Strategic Plan Update
a. Business Retention & Expansion Program
Ms. Bachmayer expanded on the Business Retention & Expansion (BRE) visits that took
place February 6. The commissioners who participated in the visits shared with the
Economic Development Commission Minutes February 25, 2025 Page | 2
group that their experiences were positive. Commissioners were encouraged to sign up
for future visits.
EDC members asked questions and provided feedback.
5. Development & Marketing Updates
a. February Economic Development Report
Ms. Bachmayer and Ms. Goodroad highlighted a few development projects and new
businesses in Lakeville.
6. Other
The next EDC meeting will be held on March 25, 2025.
7. Adjourn
Meeting adjourned at 5:00 p.m.
Respectively submitted by:
Dawn Erickson, Senior Administrative Assistant