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City of <br /> Elk Request for Action <br /> River <br /> To Item Number <br /> Mayor and City Council 10.2 <br /> Agenda Section Meeting Date Prepared by <br /> Work Session October 6, 2014 Jeremy Barnhart,Deputy Director, COD <br /> Item Description Reviewed by <br /> Update: Sale and Improvements of Lot 1, Block 1 Cal Portner, City Administrator <br /> Northstar Business Park Reviewed by <br /> Action Requested <br /> Receive information related to the sale and improvements of a portion of Lot 1,Block 1,Northstar <br /> Business Park to Professional Service Bureau (PSB). <br /> Background/Discussion <br /> PSB is a rapidly-expanding business located in the Elk River Industrial Park. Their employee growth has <br /> exceeded the number of parking spaces at their office, requiring on street parking on the adjacent streets, <br /> and impacting area businesses. <br /> Over the past year, staff and PSB have been working on a longer-term solution. PSB is proposing to <br /> purchase 1.31 acres of lot 1,block 1,Northstar Business Park, to construct an approximately 100-space <br /> parking lot. This parcel and parking lot will be attached to the building already owned by PSB. PSB is <br /> not requesting financial assistance for this sale or improvements. <br /> Time is of the essence for this project,as PSB and the city desire a parking lot improved this fall,which <br /> would eliminate on-street parking in advance of winter. <br /> Long term, PSB hopes to construct a larger building on a portion of the remaining Lot 1,Block 1, at <br /> which time the parking lot will be detached from the PSB lot and attached to the new building. There is <br /> no timetable for this construction. <br /> To accomplish this, a number of actions will be necessary,with approving agency in parentheses. <br /> • Quit Claim Northstar Business Park L1,B1 to EDA,to maintain consistency* (City Council) <br /> • Split Lot 1,Block 1 Northstar Business Park (City Council) <br /> • EDA sell parcel A to buyer (EDA) <br /> • Connect parcel A to PSB lot (Staff,via the County) <br /> • Approve parking lot plans (staff) <br /> • Begin construction (PSB) <br /> Due to meeting schedules and seasonal limitations, some of these tasks may be accomplished out of <br /> order. For example,it is anticipated that the EDA will sell the land to PSB before the Council formally <br /> gives them the authority. With Council's general consent, staff anticipates giving PSB authority to begin <br /> P a w E R E U 6 Y <br /> Template Updated 4/14 INIM UREI <br />