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HomeMy WebLinkAbout09/05/2013 EDAC Packet AGENDA Economic Development Advisory Committee Thursday, September 5, 2013 Community Room 8:00 A.M. 1. Roll Call 2. Approve Minutes of June 6, 2013 3. 5 year Strategic Plan Discussion, Kirsten Barsness, Barsness Consulting Services. 4. Project Update a) Lino Lakes Assisted Living b) Bill’s Superette/G-Will Liquor c) McDonald’s d) Preserve at Lino Lakes e) 21st Avenue & 35E Park and Ride f) Subway g) Saddle Club, Emmerich Residential Concept Plan h) Legacy Concept Review 5. Set Next Meeting Date 6. Adjournment 6/6/2013 EDAC DRAFT MINUTES 1 CITY OF LINO LAKES ECONOMIC DEVELOPMENT ADVISORY COMMITTEE MINUTES DATE: June 6, 2013 MEMBERS PRESENT: Joe Stranik, Tom Colgan, Lou Masonick, Chad Wagner, MEMBERS ABSENT: Lane Thor, Bill Combs, Julie Schwartz, Matt Kassner, Don Johnson OTHERS PRESENT: Michael Grochala APPROVAL OF MINUTES It was moved by L. Masonick to approve the minutes of June 6, 2013. The motion was seconded by C. Wagoner and passed unanimously. LEGACY AT WOODS EDGE LAND ACQUISITION AND MARKETING DISCUSSION Mr. Grochala provided an update of the status of special legislation to acquire the Legacy at Woods Edge property from the state. He explained that the legislation was approved and the City was working with Anoka County to facilitate the transfer. Once the property is obtained the City will need to consider options for marketing the property. Mr. Masonik asked Mr. Grochala to explain how Tax Increment Financing worked. Mr. Colgan noted that both the Target and Kohl’s stores were low producers and that new rooftops are important for the surrounding commercial area. Mr. Grochala explained that we need to review the plan and identify what we would like to build and what is still a viable option in the market. He noted that city staff is currently working with Landform, a planning consultant, to review landuse options. Mr. Stranik noted that multi-family should still be included in the discussion and EDAC should emphasize to the council the need for rooftops to support continued commercial growth. Mr. Grochala asked about the need to retain a broker to market the site. Mr. Stranik suggested that we may not need a broker for individual parcels but it may be beneficial to meet with brokers to discuss the site. Mr. Wagner suggested that staff reach out to smaller, local builders who may have the ability to develop portions of the property. It was also suggested that if the City decided to retain a broker EDAC could be involved in reviewing proposals and interviewing the proposers. UPDATES Mr. Grochala provided an update on various projects throughout the city. The meeting was adjourned at 9:20. ECONOMIC DEVELOPMENT ADVISORY COMMITTEE AGENDA ITEM 3 STAFF ORIGINATOR: Michael Grochala EDAC MEETING DATE: September 5, 2013 REQUEST: Discussion Item – 5 year Strategic Plan and 1 year Action Plan BACKGROUND As part of the City’s economic development efforts EDAC is responsible for the preparation of an Economic Development Strategic Plan covering a period of 5 years including a 1 year action plan. The last plan update was completed in 2010. Staff is starting to see resurgence in development activity. At the same time resources are limited and we need to develop a plan to 1) Prioritize our activities; 2) Determine Areas of Focus, and 3) Develop goals and an achievable work plan. To assist in the process we are planning to retain the services of Kirsten Barsness, of Barsness Consultant Services, to help facilitate the process. REQUESTED BOARD DIRECTION Discussion only. ATTACHMENTS 1. 2010 – 2015 Strategic Plan 1 CITY OF LINO LAKES FIVE YEAR ECONOMIC DEVELOPMENT PLAN 2010-2015 BACKGROUND In 1992 the City of Lino Lakes adopted an Economic Development Plan and established the Economic Development Authority Advisory Board (EDAAB). Its mission was to 1) actively promote the development of quality commercial, retail and light industrial businesses within the City of Lino Lakes, and 2) maintain and encourage the growth of existing businesses within the City of Lino Lakes. In 1998 EDAAB changed its name to the Economic Development Advisory Committee (EDAC) to reflect its status as a volunteer advisory group rather than an official board required by state statute, but its mission remains the same. EDAC established goals within the original economic development plan, and updates its goals within its one-year action plan. To date, the action plans have resulted in the location of more than 70 new businesses in the city with an additional market value of more than $115 million. The economic development goal in the 2002 Comprehensive Plan was to expand the valuation of commercial/industrial to 10 percent of the tax base by 2010. This goal was reached in 2008. (See Attachment A). This updated strategic economic development plan revisits and revises its original goals to reflect the efforts accomplished over the past five years amid a changing market and changing community. INVENTORY Lino Lakes is a city covering an area of approximately 33 square miles located in the northeast part of the Twin Cities metropolitan area. A high amenity community, the current population of Lino Lakes is approximately 20,000. In the central part of the city, the Rice Creek Chain-of-Lakes Regional Park preserves 3,500 acres of lakes, shore land, and rolling topography in a unique natural environment. In addition, there are 13 lakes and extensive areas of wetlands. The lakes, wooded area, and parks will preserve natural habitat as population growth continues. 2 Light Industrial The Apollo Business Park on Apollo Drive is a 100-acre light industrial development that includes office/warehouse, manufacturing, and wholesale distribution facilities. The park is full although the recessionary period of 2008-2009 have forced the closings of several tenants within the park. A light industrial business park called Clearwater Creek Development Center is located on 35E. Most of the remaining vacant land within the park is owned by a private developer. It holds good potential for future industrial business development. The Marshan Industrial Park on Lake Drive began development in 2003. This park has two remaining small acreage sites for new light industrial business. The draft comprehensive plan space needs analysis projects an additional 47,000 sq. ft. of industrial on the west side of the city and 127,000 sq. ft. on the east side of the city by 2020. Commercial In recent years the city has turned its focus to the development of commercial business in the Town Center in Lino Lakes. Commercial development refers to any nonindustrial development that is taxed at a C/I tax rate, i.e., professional offices, service businesses, entertainment, and retail. Retail development refers to that which provides consumer goods at retail prices. The Town Center on 35W is the primary commercial area th at has been designated as the future “downtown” Lino Lakes. Extensive planning since 1998 has provided the momentum for development. To date, SuperTarget, Kohl’s, three 14,000 sq. ft. multi- tenant buildings, three banks, two clinics, a convenience store/ga s station, the Lino Lakes Civic Complex, McDonald’s. DQ, Discount Tire, affordable apartments, the YMCA and two hotels have developed in the Town Center area. In addition, the 35W interchange and bridge have been reconstructed. Current economic conditions have stalled development, primarily within the high density, mixed use portion of the project. Moving forward with the project as conditions approve is a high EDAC priority. The draft comprehensive plan analysis for commercial use indicates that from 2006-2010 there will be a total of 24,000 sq. ft. of retail demand on the west side of the city. However, the city has already exceeded that amount of retail development, and has considerable empty leasable space available. It can be assumed that additional retail will be slow until population figures for that market area 3 increase. The analysis indicates an additional 150,000 sq. ft. will be sustainable by 2020. The 35E corridor is attracting development interest. A high priority is funding the completion of the 35E interchange as a necessary condition for any significant commercial/industrial development. With improvements in place, the draft Comprehensive Plan analysis indicates the potential for 66,000 sq. ft. of retail space by 2010; and 410,000 sq. ft. by 2020. COMPREHENSIVE PLAN It was the intent of EDAC to incorporate the new Lino Lakes Comprehensive Plan objectives for commercial and industrial land into its Economic Development Plan. This includes an aggressive economic development growth strategy that recognizes the relationship between housing growth and commercial/industrial growth . While EDAC’s focus is commercial and industrial expansion and retention, it supports goals and policies for providing diverse types of housing as part of a sustainable city. EDAC continues to support the goals and policies of the draft comprehensive plan and will incorporate them into its action plan. GOALS/OBJECTIVES GOAL ONE Minimize the residential tax burden by raising the commercial/retail/industrial tax bases. 1. OBJECTIVE Develop an Economic Development Plan for the City of Lino Lakes through 2015 that corresponds to the draft Comprehensive Plan’s commercial/industrial objectives and any updates and revisions thereto. 2. OBJECTIVE Annually update a one-year Action Plan component of the Five-Year Economic Development Plan. 3. OBJECTIVE Identify opportunities within the Comprehensive Plan for future commercial and industrial growth and initiate planning procedures to manage future growth for the betterment of the community. 4 GOAL TWO Continue a strong and innovative pattern for the growth of quality economic development within the City of Lino Lakes. 1. OBJECTIVE Continue an active economic development process to discover new business opportunities. 2. OBJECTIVE Focus city financial and professional staff resources to enable Lino Lakes to effectively pursue quality economic development opportunities within a competitive business environment. 3. OBJECTIVE Prioritize economic development efforts to en sure that the city’s financial commitment in infrastructure, staff time and incentives produces the strongest commercial/industrial tax base, widest range of goods and services and high quality development that will meet the needs of future generations. 4. OBJECTIVE Focus resources on attracting high value industrial, business and professional services enterprises that have an emphasis on job creation. 5. OBJECTIVE Support the growth and well being of existing businesses in Lino Lakes. 6 . OBJECTIVE Strive to attain an area wide reputation for being receptive and responsive to new quality economic development. 7 . OBJECTIVE Support the continuation of the administrative review process to streamline the planning process for development proposals. 5 GOAL THREE Provide continuous and effective coordination and facilitation of the economic development process. 1. OBJECTIVE Work in coordination with planning, engineering, finance and environment to provide comprehensive departmental procedures for effective and orderly strategies to enable potential new businesses to come to Lino Lakes. 2. OBJECTIVE Review changes to comprehensive zoning ordinances that are developed and/or proposed to be developed to reflect the changing quality of commercial and industrial development in the city. 3. OBJECTIVE Identify changing opportunities and constraints and adapt the city’s criteria for prospect selection to achieve the highest quality commercial and industrial development possible. 4. OBJECTIVE Meet with the City Council and other advisory boards as appropriate to ensure continued interaction and communication on economic development policies and projects. GOAL FOUR Implement a long range improvement plan for the “doors” and “windows” of Lino Lakes to redevelop blighted and substandard areas. 1. OBJECTIVE Attract new businesses that are complementary to existing businesses and residential areas, and will contribute to the customer attraction and business interchange of local commercial areas. 2 . OBJECTIVE Commit city financial and staff resources to the redevelopment of commercial and industrial properties. 3 . OBJECTIVE Ensure that commercial areas surrounded by residential land uses are designed to compatibly coexist, creating a physical sense of neighborhood an d an interrelationship between the two land use 6 GOAL FIVE Protect and enhance the unique natural environment of Lino Lakes as a sustainable community resource. 1. OBJECTIVE Promote the long-term preservation of the city’s high value natural resources by supporting Planned Unit Development as an effective tool for implementing the city’s “ Comprehensive Plan. 2 . OBJECTIVE Maximize the inherent attractiveness of the physical surroundings of each new economic development project. ATTACHMENTS: 1. Definitions of Zoning Districts 2. Inventory of Development from 1996-2008 3. Economic Development Tools