5. EDSR 09-11-2006 - Laserfiche WebLink

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Appendix F: Competitive Data (cont.) to develop closexto 2013. Dayton is a small community in northwest Hennepin County, with a small portion in extreme eastern Wright County. The prevailing sentiment in Dayton is to "keep it rural." But the southwestern area of Dayton is projected to experience major changes through 2013. This area is designated fox future industrial and commercial development. The areas located closer to County Road 81, Territorial Road, County Road 13 / Brockton Lane and I-94 are expected to be developed by 2010. The areas that are not as close to these major roads axe expected There is currently no dedicated economic development staff in Dayton. City Web site: www.ci.dayton.mn.us City Like Anoka, Maple Grove has, in the past, been one of Elk River's Maple Grove primary competitors in the area of economic development. However, the Hennepin County community is also a mature city with a shrinking inventory of industrial land. The cost associated with Maple Grove industrial property - whethex fox sale or lease -are also significantly greater than the costs of comparable properties in Elk River and its Northwest Metro neighbors. City Web site: www.ci.maple-grove.mn.us Recently, Monticello has not been one of Elk River's primary competitors for economic development opportunities. This northeastern Wright County community stopped marketing industrial land about two years ago due to a diminished inventory ~ of available parcels. However, Monticello acquired 35 acres in December 2004 and controlled another 85 acres through a contract for deed southwest of I-94 along the Rtq*FfIC~1.L0 newly extended Chelsea Road, Infxastrucmxe improvements were completed last fall and the city is aggressively its new 120-acre Monticello Business Center with fmancial incentives such $1 industrial land and a local revolving loan fund with interest rates as mucH as 2 percent below Prime. The city has set up a simple but attractive Web site dedicated to the new park: wwev.monticelloland.com. Since Monticello is only about 12 miles away and about three miles southwest of Big Lake - it is probable that Elk River will find itself competing with Monticello in the future. Monticello enjoys ahigh-visibility location at the Interstate 94 and Minnesota Highway 25 interchange. The city has sold one 8.6 acre site in the new Monticello Business Center. Other recent industrial development activity included the June 2006 groundbreaking fox a new 25,000 square foot, multi-tenant industrial building being developed by Blue Chip Development Co. at 210 Dumas Road. The building, which is being built at a site southeast of the I-94/Highway 25 interchange, is to be anchored by Precision Technologies, which plans to relocate from Rogers. City Web site: www.ci.monticello.mn us E2