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HomeMy WebLinkAbout04-26-05-05 City of Lakeville Economic Development Commission Meeting Minutes April 26, 2005. Marion Conference Room, City Hall Members Present: Comms. Brantly, Emond, Gehrke, Matasosky, Pogatchnik, Schubert, Tushie; Ex-Officio member City Administrator Steve Mielke, Ex-Officio member Todd Bornhauser -Executive Director -Lakeville Area Chamber of Commerce Members Absent: Erickson, Miller, Smith. Others Present: Staff present: David Olson, Community & Economic Development Director; Brian Anderson, Assistant to the City Administrator; Penny Brevig, Recording Secretary. 1. Call Meeting to Order. Chair Matasosky called the meeting to order at 6:00 p.m. in the Marion Conference Room of City Hall, 20195 Holyoke Avenue, Lakeville, Minnesota. • 2. Approve March 29, 2005 Meeting Minutes Motion 05.06 Comms. Emond /Pogatchnik moved to approve the minutes of the March 29, 2005 meeting as presented. Motion carried unanimously. 3. Presentation on Twin Cities Community Capital Fund Mr. Olson introduced Scott Martin, President of the Twin Cities Community Capital Fund (TCCCF) who will be making a presentation at tonight's meeting. Mr. Olson explained that the TCCCF is in the process of attempting to secure the necessary capitalization to operate a loan fund to leverage the local economic development financing resources of member communities. He indicated that any recommendation regarding possible membership in the TCCCF would be considered at a future meeting. Mr. Martin gave his presentation to the EDC members. He followed the outline that was distributed in the EDC packets. He indicated that six cities have joined the fund so far; Minnetonka, Eagan, Oakdale (first to sign up), St. Louis Park, Belle Plaine, and Jordan. Mr. Martin is looking to launch the program in June, 2005. After Mr. Martin thanked the EDC for their time and left the meeting, the EDC discussed TCCCF. Economic Development Commission Meeting Minutes April 26, 2005 • Commissioner Pogatchnik felt that it would not make any sense to use TCCCF. He does not know what. you would gain as a borrower. Commissioner Emond indicated that it was basically abuilt-in referral base. Chair Matasosky felt that there was no market for this company right now. Commissioner Tushie thought that maybe this could be a value to senior and affordable housing. After listening to the comments from the EDC members, Mr. Olson and Mr. Mielke indicated that TCCCF may be considered at a later date and the City will probably take a wait and see attitude. 4. Update on Strategic Plan Work Program Mr. Olson updated the EDC on the progress of the Strategic Plan Work Program. Goal #1: Facilitate an effort to create a long term plan to promote downtown economic viability while retaining its unique and historical characteristics. Mr. Olson stated that staff has completed meetings with Downtown "anchors" which included the Post Office, Art Center, Enggrens Market, ISD #194, and Ace Hardware. Mr. Olson indicated that staff has met with one planning consulting firm and will be • meeting with at least one more in the next several weeks to discuss the project. Mr. Olson stated that based on the discussion of the scope of work for this project, it appears as though the budget for this project will be in the $50-70,000 range. He indicated that there is sufficient funding from previous years CDBG allocations, and pending City Council authorization, will be proceeding with a CDBG Program Budget Amendment to authorize use of these funds for this purpose. Mr. Olson stated that a recommendation from the EDC to proceed with retaining a consulting firm for preparation of a Redevelopment Plan for the Downtown to be funded with previous years CDBG allocations is requested. Motion 05.07 Comms. Pogatchnik /Emond moved to recommend retaining a consulting firm for preparation of a Redevelopment Plan for the Downtown with funds from previous years CDBG allocations. Motion carried unanimously. Mr. Bornhauser stated that he really appreciates what the City is doing for the downtown area. Goal #2: Implementation of a process to facilitate the development of East-West Corridors. • 2 Economic Development Commission Meeting Minutes April 26, 2005 • Mr. Olson stated that staff is continuing to participate in Dakota County's Phase II of the East West Corridor Study. He indicated that further refinement of several of the corridors is being studied including the 179t" Street and 185th Street Corridors. Mr. Olson stated that there have been some .discussions with Dakota County regarding the northwest corner of Cedar Avenue and Dodd Boulevard regarding access and future traffic signals. He also indicated that the extension of 202"d Street to 208th Street in Farmington is being discussed. Mr. Bornhauser asked Mr. Olson for a summary of what may be happening with County Road 70, which was discussed at the March EDC meeting. Goal #3: Completion of a study to determine the. minimum market value of a residential housing unit that generates sufficient City taxes to pay for the City services required by that unit. Mr. Olson indicated that staff met with representatives of Springsted Inc. and has received a draft proposal to complete an Economic Benefits Study. He indicated that this draft proposal is to assist the City in developing a benefits system that would enable the City to estimate both the costs and the benefits that are likely to result from both residential and commercial/industrial projects within the City. Mr. Olson stated that Staff is reviewing this proposal and will work with Springsted to determine the exact scope of the study and cost of completing this study. Goal #4: Facilitate a process with the City Council to establish affordable housing goals for the City. Mr. Olson indicated that the results of the affordable housing questions from the Decision Resources City Survey will be presented to the EDC sometime after May 5t", when the results are expected. Mr. Olson introduced Brian Anderson, the Assistant to the City Administrator, who will be attending EDC meetings and helping out in the interim until a new Economic Development Coordinator is hired. 5. Director's Report Mr. Olson stated that the annual State of the City address was held earlier today at Crystal Lake Golf Club and Banquet Facility. A copy of the brochure was handed out at tonight's meeting. The City and the Chamber received very favorable feedback from attendees. Mr. Olson stated that Commissioner Pogatchnik introduced Gander Mountain as the spotlighted business at the April 18t" City Council .meeting. He indicated that the information that was presented to City Council was in the EDC packets. Chair • Matasosky was scheduled to introduce Cloverleaf Cold Storage at the May 2, 2005 3 Economic Development Commission Meeting Minutes April 26, 2005 City Council meeting, but Mr. Olson indicated that. because Cloverleaf Cold Storage has just applied for a Conditional Use Permit Amendment to complete their building expansion, we will. be rescheduling them to a later date. Mr. Olson updated the EDC members on the local construction projects that have either started again or will be starting soon. Mr. Olson stated that the building permit report for March 2005, which shows a total valuation of $41,691.216.00 was distributed to EDC members in their packets. Mr. Olson mentioned the a-mail from Associate Planner Frank Dempsey regarding a recent discussion with a representative of Eight Four Lumber, who recently received approval to develop a distribution facility on a 10 acre site in Airlake Industrial Park. The representative had very favorable comments regarding our approval process. 6. Adjourn The meeting was adjourned at 7:45 p.m. RespectFully submitted by: Attested to: s Penny g, Recording S retary R. T."Brantly, Secretary 4