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HomeMy WebLinkAbout02-22-11City of Lakeville Economic Development Commission Meeting Minutes February 22, 2011 Marion Conference Room, City Hall Members Present: Comms. Matasosky, Brantly, Longie, Tushie, Vlasak, Emond, Schubert, Ex- officio member Mayor Mark Bellows, Ex- officio member Chamber of Commerce Executive Director Todd Bornhauser, Ex- officio member City Administrator Steve Mielke. Members Absent: Comms. Smith, Starfield. Others Present: David Olson, Community & Economic Development Director; Penny Brevig, Recording Secretary. 1. Call Meeting to Order Chair Matasosky called the meeting to order at 4:35 p.m. in the Marion Conference Room of City Hall, 20195 Holyoke Avenue, Lakeville, Minnesota. 2. Approve January 25, 2011 Meeting Minutes Chair Matasosky suggested the following change to the January 25, 2011 meeting minutes on page 2, the last paragraph: "Mr. Mielke concluded the discussion by stating that the issue will be discussed by the Planning Commission at a future meeting and all business and property owners potentially..." Motion 11.04 Comms. Tushie /Schubert moved to approve the minutes of the January 25, 2011 meeting as amended. Motion carried unanimously. 3. Presentation of 2010 Annual Report Mr. Olson presented the 2010 Annual Report. Chair Matasosky asked about the occupancy in the Meadowlark Townhomes, which are workforce housing units. Mr. Olson indicated that they are fully occupied with a waiting list. Mayor Bellows asked if Dakota County asks the potential residents of Meadowlark Townhomes how long they have been a resident in Lakeville. Mr. Olson did not know if this was a consideration or not. Economic Development Commission Meeting Minutes February 22, 2011 Mr. Olson commented that the numbers can be skewed for some of the metro city's housing unit numbers in years when they have one or more multi family projects being built. 4. Update on Marketing Plan Subcommittee Mr. Olson reviewed the EDC memo which provided an update on the activities of the Marketing Subcommittee. He indicated that the newly appointed Subcommittee member was Clinton Kennedy. Mr. Olson stated that they will continue to meet approximately twice per month and update the entire EDC at regular intervals to inform them of their progress and see input as needed. Mr. Olson indicated that due to Mr. Kienberger's absence, he would like to reschedule Thursday's meeting. Chair Matasosky and Comm. Brantly thought the Subcomittee had made a good start and are overall excited about this. Mr. Mielke asked how much funding will be anticipated for this project. Mr. Olson indicated that it will be a two -phase approach; strategy and then implementation. Mr. Mielke asked the Subcommittee to come up with how much money would need to be secured for the 2012 budget. 5. Continued Discussion of Tax Increment Financing Policy Mr. Olson reviewed the EDC memo and requested comments and feedback regarding the proposed TIF Policy. Chair Matasosky commented that all inquiries that APPRO Development gets these days ask for incentives. The Commission felt that TIF was an excellent incentive, but agreed that everything that the City can offer as incentives should be put together into one tool box to offer prospects. Other ideas, which may not all be financial incentives, would be targeting for medical providers and business schools, promoting the amount of land available, developing regional stormwater ponding. A suggestion was made that there may be more value in having regional stormwater ponding rather than small ponds everywhere, and that way, the City would take care of that rather than individual developers. Mr. Olson indicated that staff will bring this back to the next EDC meeting with a more comprehensive approach. 6. Continued Discussion of Business Retention Program Guidelines Mr. Olson reviewed the EDC memo, which indicates a couple options for the Spotlight on Business program and staff's recommendation regarding the Business Visit program. He asked for input on the suggested business retention program guidelines which were outlined in the memo. 2 Economic Development Commission Meeting Minutes February 22, 2011 The Commission decided that geographic location would be the best option for spotlighting businesses. Mr. Olson indicated that he will concentrate on the Downtown area in the next six months then. The suggestion was made that perhaps Todd Bornhauser from the Chamber of Commerce could come to the City Council meetings and promote the new businesses. Mr. Bornhauser agreed that highlighting the new businesses would be good, whether it's on television, press releases, or on the Chambers, City of Lakeville's, or the new www.lakeville,patch.com websites. Chair Matasosky excused himself from the meeting at 5:30 p.m. 7. Director's Report Mr. Olson reviewed the Director's Report. He commented on the Malt -O -Meal expansion that was on the February 17, 2011 Planning Commission agenda. Mr. Olson stated that the Planning Commission recommended approval of a consent resolution by the City to allow Malt -O -Meal to expand their parking lot as well as possibly construct a second building on property they acquired form New Morning Windows that contains a conservation easement. He indicated that Malt -O -Meal has agreed to provide an increased landscaped buffer to the north, which will include 20 foot tall White Pines. Malt -O -Meal has also agreed to limit the height of any future buildings to two stories. Mr. Olson stated that the City Council is scheduled to consider this at their March 21, 2011 meeting. 8. Adjourn The meeting was adjourned at 5:35 p.m. Respectfully submitted by: Penny Brevig, Recording Secretary Attested to: P �0 " �- R. T. raptly, Secretary 3