6. EDSR 11-13-2006 - Laserfiche WebLink

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Ms. Catherine Mehelich October 5, 2006 City of Elk River Page 3 C. Analysis of Retail Market Conditions 1. Identify key financial and location factors attractive to retail space users. Include infor- mation on retail for neighborhood, shopping, and specialty goods. 2. Summarize available published retail market trends in the Market Area and the region. 3. Inventory competitive retail space in the Market Area; include information on total space, space available, features and amenities, profiles of users, and cost/lease rates. 4. Identify pending retail developments that may affect demand at the site. 5. Interview local business owners, commercial real estate brokers, retail center developers and other sources familiar with the retail real estate market in the Mazket Area. Interview sources familiar with the area and those who might be willing to locate or develop in the area. D. Analysis of Industrial Market Conditions 1. Identify key financial and location factors attractive to industrial space users. Include in- formation on office showroom, office warehouse, and bulk warehouse industrial uses. 2. Summarize published industrial real estate trends in the Mazket Area and the region. 3. Inventory competitive industrial space in the Market Area; include information on acre- age available, building space available, features and amenities, profiles of users, and cost/lease rates. 4. Provide summazy of incentive packages available at competitive industrial developments. 5. Identify pending industrial developments that may affect demand at the site. 6. Interview industrial space users, commercial real estate brokers, developers and other sources familiar with the industrial real estate market in the Market Area. Interview sources familiar with the area and those who might be willing to locate or develop in the area. E. Conclusions and Recommendations 1. Identify potential demand for retail and industrial space in the Market Area as whole and the potential for such development at the Gateway Business Center. 2. Discuss timing issues relative to the development and each potential use. 3. Provide recommendations for development at the Gateway Business Center. 4. One reseazch review meetings. 5. Report preparation. Total Cost for Commercial-Industrial Market Feasibility Study: COST OF SERVICES The work outlined under Scope of Services will be performed for Twenty Nine Thousand Five Hundred Dollazs ($29,500.00), including up to ten copies of the report and all incidental ex- penses (photocopying postage, long-distance telephone). An executed copy of this agreement MAXFIELD RESEARCH INC.