5. EDSR 06-11-2012 - Laserfiche WebLink

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City of Elk --.-. River REQUEST FOR ACTION TO ITEM NUMBER Economic Development Authority 5. AGENDA SECTION MEETING DATE PREPARED BY June T1, 2012 Annie Deckert, Director of Economic Develo ment ITEM DESCRIPTION REVIEWED By Nature's Edge Business Center Update Cal Portner, Ci Administrator REVIEWED BY ACTION REQUESTED None BACKGROUND/DISCUSSION As authorized at the February 21, 2012, City Council meeting, Hakanson Anderson and Associates has completed the design of public improvements to support Phase 1 of the Natures Edge Business Center. The. final plans were presented to the City Council at their May 7 meeting.... The improvements for this project include the construction of two new streets, including Twin Lakes Road and 170`'' Lane NW, construction of municipal trunk sewer and water facilities, storm sewer. and storm water treatment facilities and mass grading of the proposed plat of Natures Edge Business Center to create three new lots.. The following schedule is .proposed to facilitate the completion of the project: Approve Final Plans and Specifications - May 7, 2012 Advertise Project for Bids - May 12, 2012 Open Bids - June 7, 2012 .Consider Bids and Award Contract - June 18,.2012 .Begin Construction - June 25, 2012 Finish Construction - October, 2012 A Rogers manufacturer has expressed interest in the 10.44 acre lot. Staff is working with an appraiser to obtain appraisals of the three lots to ensure we are marketing the property at fair. market value. An available sites flyer has been created utilizing our Powered by Nature brand and will be placed on our website and various site selection websites. We plan to devise an aggressive marketing plan to market NEBC and the lots remaining in Northstar Business Park (NBP). The street department will create available lot signs for both NEBC and NBP to advertise the available lots. We anticipate the signs be placed on the lots by the end of June. ~owEOEO er 1 ~>~~V~~