04-09-2007 EDA MIN - Laserfiche WebLink

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Economic Development Authority Minutes Apri19, 2007 Page 2 MOVED BY COMMISSIONER DWYER AND SECOND$D BY COMMISSIONER MOTIN TO ADOPT RESOLUTION 07-01 APPROVING THE DECERTIFICATION OF TAX INCREMENT FINANCING DISTRICT NO. ]5 WITHIN DEVELOPMENT' DISTRICT NO. I IN THE CITY OF ELK RIVER. MOTION CARRIED 5-0. 6. Other Business Mr. Clark noted that information on a proposed road alignment for TH 10 from a Mn/DOT representative was personal opinions of that person and not what is being proposed by Mn/DOT. A~oum to Worksession for Discussion on Gateway Business Center Development Grant Martin, Maxfield Reseazch, Inc., provided an explanation of the study his firm completed for the Gateway Business Park. He reviewed the methodology used by his company. He stated the Pack has limited market use for office and retail based on access and visibility to TH 10. Mr. Martin stated he found industrial demand for the site. He recommended 40 acres dedicated to owner-occupied industrial space and 20 acres for multi- tenant lease space. He stated the focus of the study was for the city-owned property. Mr. Barnhart stated he is looking for direction on the type of land uses the EDA would like to see for the Pack. Commissioner Motin stated the access issues fox this Park are not any different then the Wal-mart location. Mr. Clark stated there could be some retail in the Pazk but questioned how much the EDA would like to see. Commissioner Gongoll stated the surrounding properties need to be considered for development of the Pazk. Commissioner Klinzing concurred. She stated people shouldn't have to go through industrial properties to get to commercial properties. Commissioner Tveite stated if the EDA wants retail it may need to wait unN there is more of a demand. Commissioner Farber concurred. Commissioner Dwyer concurred. He questioned if the train station was considered in the study. Mc Barnhart stated he has spoken to a couple of the property owners and they are looking to put in commercial/retail. Commissioner Gongoll stated the consensus of the EDA is to see more of a retail component in the Park. He stated he would like to see a higher level of architectural standazds, some high-tech infrastructure, and a different name for the Park.