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<br />REQUEST FOR ACTION <br /> <br /> <br /> <br />T O I TEM N UMBER <br /> <br />Mayor and City Council 4.10 <br />A GENDA S ECTION M EETING D ATE P REPARED BY <br /> <br />ConsentApril 1, 2013Clay Wilfahrt, Assistant Director of <br /> <br />Economic Development <br />I TEM D ESCRIPTION R EVIEWED B y <br />Resolution in Support of Big Lake’s Application for Suzanne Fischer, Director, <br />Transportation Economic Development Funding for Proposed Community Operations and <br /> <br />Big Lake Regional Rail Park Development <br />R EVIEWED BY <br /> <br /> <br />AR <br />CTION EQUESTED <br />Consider a resolution supporting Big Lake’s application for Transportation Economic Development <br />(TED) Funding for the proposed Big Lake Regional Rail Park. <br /> <br />B/D <br />ACKGROUNDISCUSSION <br />The City of Big Lake, MN is seeking funding for the proposed Big Lake Regional Rail Park. The park <br />will open up over 200 acres of land for industrial development and is expected to create 800-1,500 jobs. <br />The residual impacts of the large development, such as employees purchasing homes and shopping at <br />local retailers, will benefit neighboring communities including Elk River. <br /> <br />City of Big Lake staff has asked if the City of Elk River would express support for their application for <br />TED funding in the form of a resolution. The attached resolution states the expected benefits of the <br />development and expresses the City Council’s support for Big Lake’s application. The resolution will be <br />included as an attachment in Big Lake’s application for TED funding. <br /> <br />A <br />TTACHMENTS <br /> <br /> <br />Resolution <br /> <br />Action <br />Motion by Second by Vote <br /> <br />Follow Up <br /> <br /> <br /> <br /> <br /> <br />