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8.1. EDSR INFORMATION 08-10-2009lIVFORMI~TION ITEM 8.1. fiver MEMORANDUM TO: Economic Development Authority FROM: Jeremy Barnhart, Planning Manager DATE: August 3, 2009 SUBJECT: 171St Focused Area Study Update This memo was forwarded to the City Council on August 3, 2009 and is provided to the EDA as information. No action is requested at this time. At their meeting on June 1, 2009, the City Council postponed further discussion on the Focused Area Study pending MnDOT's decision on the interchange grant application. C-n July 24, 2009, the City learned that it did not receive dollars toward the construction of an interchange. The Council may recall that the anticipated plan of action if the City was not awarded the interchange dollars included the following: 1. Amending the plan to reflect "possible future interchange." 2. Show a new signalized intersection (pending approval by MnDOT). 3. Develop a land use plan and access plan for the west side of Highway 10. Consistent with the previous direction, staff has requested a formal proposal from HKGI to prepare a land use plan for the west side of the highway. Additionally, staff will work with MnDOT to better understand the options relative to adding a signalized intersection south of 17151. Further information, including the proposal, will be presented for discussion on August 17. S:\PLANNING MAIN\Projects\FAST Study Area\FAST memo to EDA 8-10-09.doc INFORMATION MEMORANDUM TO: Economic Development Authority FROM: Catherine Mehelich, Director of Economic Developmen DATE: August 10, 2009 SUBJECT: INFORMATION: Draft Action Plan for Economic Development Strategic Plan Attachments • Adopted 2009-2012 Economic Development Strategic Plan • DRAFT Action Plan • Minutes from Joint Strategic Planning Meeting -April 13, 2009 Attached is a copy of the recently adopted 2009-2012 Economic Development StYategic Plan. In follow up to the Plan's adoption, staff has drafted the attached Action Plan which provides further detail and breakdown of the strategies to work toward the priority goals and objectives identified by the EDA, HRA and City Council over the next 3 '/z year period. Please keep in mind this is a very rough draft including order and formatting. The EDA is asked to review the attached draft action plan and prepare any feedback in the form of revisions and additions for discussion at the September 14 regular EDA meeting. Please feel free to contact me with any questions or clarification in the meantime. a~ E a N p r~ O ~ N ~ ~ 01 G O v N .~ O C O V W R a V a.+ L ~.d °~ 0 Q O~ O O O O N ~O ~ ~ N ~ n r' O ~o .-~ ~ o ~ ~ N ~. QQ~ ~~ ~, , N ~ ~V Q C Q O ~ 0 U ~ ~ ~ p ~ U ~~ o ~ ~~ o ~ V ~ W= .^. 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Call Meeting To Order Pursuant to due call and notice thereof, the meeting of the Economic Development Authority was called to order at 5:30 p.m. by President Dwyer. 2. Consider Consent Agenda MOVED BY COMMISSIONER KLINZING AND SECONDED BY COMMISSIONER MOTIN TO APPROVE THE CONSENT AGENDA AS FOLLOWS: 2.1. CONSIDER MARCH 9, 2009 REGULAR MEETING MINUTES 2.2. CONSIDER MARCH 1G, 2009 SPECIAL MEETING MINUTES 2.3. CHECK REGISTERS 2.4. BALANCE SHEET 2.5. REVENUE/EXPENDITURE REPORT 2.G. PAY ESTIMATES -YMCA 2.7. CONSIDER RESOLUTION AUTHORIZING REDEMPTION OF CERTAIN OUTSTANDING CITY HALL AND LAW ENFORCEMENT FACILITY REVENUE REFUNDING BONDS, SERIES 1997 MOTION CARRIED 6-0. 3. Open Mike No one was present for open mike. 4. Call Special Joint Meeting to Order Pursuant to due call and notice thereof, the meeting of the City Council was called to order at 5:31 p.m. by Mayor Klinzing. Pursuance to due call and notice thereof, the meeting of the Housing and Redevelopment Authority was called to order at 5:32 p.m. by Chair Wilson. (Commissioner Touchette arrived 5:33 p.m.) Special City Council, EDA, and Planning Minutes April 13, 2009 5. Economic Development Strategic Plan Page 2 Ms. Mehelich reviewed the 2004 -2007 Economic Development Strategic Plan presentation. Mr. Eklund facilitated a SWOT (strengths, weaknesses, opportunities, and threats) discussion. 2009 - 2012 goals were identified and a 2009 - 2010 work plan was developed as outlined below: GOALS -INITIAL DISCUSSION ^ Complete FAST Study -Gateway area ^ Plan for Energy City strategic goal - Incubator option ^ Downtown redevelopment -Task Force ^ Pedestrian/bike path planning ^ Marketing of Elk River with a good plan ^ Filling existing sites ^ Monitoring mortgage foreclosures issues - Impact on Townhouse Associations ^ Sewer and water extension - Planning plus capacity ^ Absorption of 700 platted residential lots ^ Light industrial shovel-ready lands ^ Business retention -current businesses' jobs and retention ^ Inventory of available spaces ^ Take next 3 years to plan for economic recovery ^ Housing Code -Identification of problem properties and enforcement ^ Improve County relationships -County EDA ^ 3.5 years -build light industrial base/services/corporate campus locations -jobs leading residential to commercial ^ Energy/technology/diversification from Light Industrial base ^ Economic development diversification goal ^ Redevelopment/Absorption - Aging housing stock - Foreclosures - City intervention in stabilizing declining homes? - Neighborhood stabilization - Commercial ^ Community Development - Marketing of the City - What is the image/vision for the city? - Marketing plan for the city - Selling internal, as well PRELIMINARY ACTION PLANS Goal #1: Industrial Development ^ Build on light industrial base Special City Council, EDA, and Planning Minutes Apri113, 2009 Page 3 - Evaluate past track record in light industrial base and how other cities market - Compatible industry locations - Inventory existing sites available to market Diversify economic base planning -purposeful research and FAST study - Desired uses: Services, Corporate campuses, Energy-related, Technology - Location of the main corporate decision-makers - Internal policies in place that attract and upholds standards for desired uses - Conduct land inventory and identify new location options for business park Goal #2• Rehabilitation & Redevelopment ^ Inventory all vacant commercial and residential properties ^ Identify potential areas for redevelopment ^ Determine role of HRA/City/EDA in redevelopment -positioning of city "tools" ^ Examine available tools -for both public and private enterprises ^ Directory of resources available within the community Goal #3• Communit~mage & Marketing ^ Inventory community's assets ^ Revisit Blandon Visioning exercise ^ Mining the Comprehensive Plan for the community's image ^ Create a structure to develop the community's vision ^ Consider Task Force approach for greater community participation & ownership (?) Goal #4: Transportation ^ Revisit transportation objectives Mr. Eklund concluded by summarizing that the next steps in the planning process will be staff's compilation of the meeting notes and working together to draft the work plan for EDA, HRA, and City Council review and approval. 6. Adjournment There being no further business, President Dwyer, Chair Wilson, and Mayor Klinzing adjourned the meetings of the Elk River Economic Development Authority, Housing and Redevelopment Authority, and Ciry Council, at 9:20 p.m. Tina Allard, City Clerk Stephanie Klinzing, Mayor