09/05/2013 EDAC Minutes - Laserfiche WebLink

Home Search

9/5/2013 EDAC DRAFT MINUTES 1 CITY OF LINO LAKES ECONOMIC DEVELOPMENT ADVISORY COMMITTEE MINUTES DATE: September 5, 2013 MEMBERS PRESENT: Joe Stranik, Tom Colgan, Lou Masonick, Chad Wagner, Lane Thor, Matt Kassner, MEMBERS ABSENT: Julie Schwartz, Bill Combs, Don Johnson OTHERS PRESENT: Michael Grochala, Kirsten Barsness APPROVAL OF MINUTES It was moved by J. Stanik to approve the minutes of June 6, 2013. The motion was seconded by L. Masonik and passed unanimously. 5 YEAR STRATEGIC PLAN DISCUSSION Mr. Grochala introduced Ms. Barsness to the board and explained that she would be assisting the group with the update of the 5 year strategic plan. Ms. Barsness gave a brief overview of her professional background. She stated that project goal would be to not only prepare a plan but also to define how that plan is put into action. Ms. Barsness noted that Lino has a huge inventory of land close to the inner ring, lenders are loosening their financial strings and people are starting to make investment decisions. She pointed out that people are going to do their research to make a good locational choice for development and the group wants that choice to be Lino Lakes. The committee continued with a general discussion regarding development opportunities within Lino Lakes, possible funding sources for assistance, and the possibility of starting a seed fund for economic development activities. Ms. Barsness reiterated that the planning process will define what areas do we want to focus on, and where do we want to prioritize are available resources. Then we can build our plan from there and move into the action/implementation component from there. Mr. Stanik asked what the next steps would be. Mr. Grochala stated he would be working out a project scope with Ms. Barsness and we would likely kick off the project in the next month or two. UPDATES Mr. Grochala provided an update on various projects throughout the city. The meeting was adjourned at 9:00.