05/01/2008 EDAC Minutes - Laserfiche WebLink

Home Search

Approved CITY OF LINO LAKES ECONOMIC DEVELOPMENT ADVISORY COMMITTEE MINUTES DATE: Thursday, May 1, 2008 MEMBERS PRESENT: J. Milbauer, B. Combs, J. Helgemoe, K. Corson, K. Lodico, J. Stranik, D. Roeser MEMBERS ABSENT: J. Schwartz, M. Keller OTHERS PRESENT: M. Divine, M. Grochala (part) GENERAL/MINUTES Minutes Minutes for March 13, 2008 were approved. Legacy at Woods Edge update Ms. Divine stated that she was expecting to have a risk management assessment for the Woods Edge project, but the finance director has not reviewed it. Ms. Divine explained the project’s background for the new members. There are several grants and TIF and tax abatement agreements. The purpose of the assessment was to take a look at the impact of the slowed down development on the repayment of the TIF note. The project has a set of design standards that are untypical of conventional zoning. Members discussed the impact of the housing market and the city’s housing cap on economic development. Eventually the lack of product for sale will create a housing need, and the city should be prepared. Ms. Divine stated that the new comp plan may provide more flexibility in growth. Mr. Roeser asked if the slow housing is impacting industrial development. Ms. Divine stated there’s not a close connection, but the city currently does not have much industrial land ready for development. When the 35E interchange is completed, there is a lot of interest from commercial developers. There was a commercial project approved on the southeast corner, but McDonald’s pulled out and the project is languishing. Members discussed Magnet Street, which has decided not to build at this time. Mr. Helgemoe discussed the potential of them getting a 504 loan program. Ms. Divine stated she would contact them to put them in touch. Mr. Moeser asked what EDAC’s role is, and should they be fostering going out into the community. Mr. Corson said foremost EDAC is an advisory committee, but it is a broad scope. Mr. Combs stated the group is limited, and hasn’t knocked on doors. EDAC’s primary role is giving recommendations to the council. Ms. Divine stated that EDAC has a plan, and its goal is to set the direction to implement it. The message has been defined by the committee and council and individual members should represent that message. City Council goals Ms. Divine provided the approved city council goals for 2008-09. Staff defines the action steps to meet the council goals. Goal 1 is to complete the Town Center. EDAC will have a role in 1