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HomeMy WebLinkAbout02-28-06-06 City of Lakeville Economic Development Commission Meeting Minutes February 28, .2006 Marion Conference Room, City Hall Members Present: Comms: Brantly, Emond, Gehrke, Tushie, Pogatchnik, Schubert. Members Absent: Miller, Smith, Erickson, Matasosky, Ex-officio member Chamber of Commerce Executive Director Todd Bornhauser, Ex-officio member City Administrator Steve Mielke. Others Present: Staff present: David Olson, Community & Economic Development Director; Adam Kienberger, Economic Development Specialist; Bill Coleman, Dakota Future.. 1. Call Meeting to Order. Vice Chair Pogatchnik called the meeting to order at 6:00 p.m. in the Marion Conference Room of City Ha11, 20195 Holyoke Avenue, Lakeville, Minnesota. 2. Approve January 24, 2006 Meeting Minutes Motion 06.04 Comms. Emond/Schubert moved to approve the minutes of the January 24, 2006 meeting as presented. Motion carried unanimously. 3. Presentation by Bill Coleman, Executive Director of Dakota Future Mr. Coleman discussed the role of Dakota Future as a county-wide economic development organization and gave a summary of its 2005 accomplishments and 2006 priorities. He .highlighted the upcoming Economic Summit on March 23, 2006 and encouraged the EDC to make the business community aware of this event. Mr. Coleman also discussed the Dakota Future website and the benefits it can offer site selectors looking at Dakota County. He concluded.. by summarizing the focus of the organization is building positive collaborations with other economic development groups, and targeting growing industries and strategic business recruitment for Dakota County. 4. Presentation of 2005 Economic Development Annual Report Mr. Olson reviewed the 2005 Economic. Development Annual Report and reviewed commercial, industrial and residential development along with a transportation update and a summary of the EDC's initiatives. Economic Development Commission Meeting Minutes February 28, 2006 Mr. Olson noted that 2005 had the second highest commercial/industrial .permit value in Lakeville's recent history, with 2004 having the highest permi# value. Vice Chair Pogatchnik asked about including land values in the analysis and if that would change the results when compared to residential development. Comm. Emond and Mr. Olson stated that land values have skyrocketed over the past four to five years. This has led to more property tax generation from both commerciaUindustrial development and residential development in fairly equal proportions. While it would be possible to include the land values, the data would always be an additional year behind due to the timing of property assessments. Comm. Tushie asked where the City was at with its goal of having. commercial/industrial development be 26% of the City's growth. Mr. Olson responded that 2005 appears to be in line with the current development goals. Vice Chair Pogatchnik asked why the retail development adjacent to the CR50 interchange is developing faster than the retail development by the CR60 interchange. Comm. Tushie replied that the developer of the Argonne Village area developed most of the land at today's market value while the Timbercrest developer appears to be asking a higher, .slightly speculative price for the land. 5. Update on Strategic Plan 2006 Work Program Mr. Olson gave a brief review of the 2006 work program while noting that most of the topics were just covered in .the 2005 Annual Report. The work .program goals include: 1. 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. 2. Facilitate a process to establish affordable housing goals for the City. 3. Improve communication and coordination with other units of government on important community and economic development issues facing Lakeville. 4. Create partnerships with Lakeville Chamber of Commerce, DLBA and other businesses and other development associations on mutual .development objectives. 5. Advocate for on behalf of business interests with. airport and rail planners. 2 Economic Development Commission Meeting Minutes February 28, 2006 Mr. Olson also. added that the City has recently received the affordable housing need allocation for Lakeville between 2011 and 2020 as determined by the Met Council. City staff plan to review this information along with a presentation by the Dakota County CDA on the results of the Maxfield Research Housing Need Assessment for Dakota County with the City Council at a work session in March.. Based on the direction provided by the City Council, staff will bring this issue back to the EDC for .further review and a determination will be made as how to approach establishing affordable housing goals for the City of Lakeville. 6. Director's Report Mr. Olson. discussed the Life Time Fitness project. and noted that a letter of intent was approved by the City Council at their February 21, 2006 meeting.. Mr: Olson gave a brief review of the January building permit report and noted that development appears to be slowing down a little bit compared to last year at this time. Mr. Olson reminded the EDC about the Dakota Electric Partners in Progress event on March 8, 2006 and encouraged anyone interested in attending to contact Judi Hawkins to RSVP. Mr. Olson added that the Dakota Future Economic .Summit will be on March 23, 2006 and handed out informational brochures for the conference. Those interested in attending should contact Adam Kienberger, Economic Development Specialist. Mr. Olson gave an update on the Lakeville. Post Office and the proposal to include all of Lakeville in the Lakeville zip code by the end of 2007. In order for the. Post Office to change the zip code for the portions of Lakeville that have a Farmington or Rosemount zip code, at least 50% or more of residents affected by the change will have to vote in favor of the change in a survey that will be conducted by the Post Office. The City will assist in an informational effort to make residents aware of benefits of this change prior to the survey being completed by the Post Office. Comm. Gehrke noted that a change could potentially affect things such as auto insurance rates and related items. It would be a good idea to get a handle on all the possible impacts before a change is made. Mr. Olson added that is often confusing for both existing and new residents as well as developers in Lakeville when identifying where they live and .where they are trying to sell new homes. Often they are within the City of Lakeville, but might have a .Farmington mailing address. 3 Economic Development Commission Meeting Minutes February 28, 2006 7. Adjourn The meeting was adjourned at 7:25 p.m. Respectfully submitted by: Attested to: f Adam Kienberger, Economic Development Specialist R. T. Brantly, Secretary 4