5.4. SR 09-08-2003 - Laserfiche WebLink

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Howard R, Green Gompany September 4, 2003 File: 815791J-O030 Item 5.4. The Honorable Mayor and City Council City of Elk River 13065 Orono Parkway Elk River, MN 55330 RE: CASCADE INDUSTRIAL PARK PUBLIC IMPROVEMENTS Dear Council Members: On Tuesday, September 2, 2003, City staff met with the developers of-Cascade Industrial Park located in the southeastern part of the City, regarding potential public improvements to construct the streets and storm drainage system. Staff provided the developers with a blank Petition, Waiver and Agreement for Installation of Public Improvements and Assessment of the Cost Thereof, as prepared by the City Attorney for just such a request. Attached is a copy of the executed petition. At this time, this does not constitute an adequate petition, because a couple of blanks are not filled in correctly, and the attached petition is not properly signed by an officer of the corporation. I have been in discussions with the developers of Cascade Industrial Park and anticipate that we will have a fully executed adequate petition by Monday evening. Staff is in support of the developer's request to have the public improvement process utilized to install the streets and storm drainage system in the industrial park. Lori Johnson, Finance Director, has indicated that she is currently working on a bond request for other public improvements in the City and could easily add this project to that bond request. She has also indicated to the developers that she would recommend up to a seven-year period for repayment of theassessments. If the City Council concurs and would like to initiate the public improvements in Cascade Industrial Park based on an adequate petition being available for the City Council at Monday evening's meeting, attached are two resolutions the Council should consider adopting. The first declares the adequacy of the petition for improvement and orders the preliminary feasibility report. The second orders the preparation of plans and specifications. The developer has indicated in discussions with staff that they have a potential user ready to occupy the industrial park and are very interested in having the improvements in place by this fall. This short time schedule requires that we present a resolution authorizing the preparation of plans at the same the feasibility is initiated. If you have any questions regarding this issue or either resolution, I will be in attendance at your September 8, 2003 City Council meeting. Sincerely, Howard R. Green Company Terry J. Maurer, P.~. TJM:sw 1326 Energy Park Drive · St. Paul, MN 55108 ° 651/644-4389 fax 651/644-9446 toll free 888/368-4389 Ltr-090403-Council