6.2 EDSR 07-20-2015 - Laserfiche WebLink

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Project Narrative — Morrell Companies Tax Abatement City of Elk River Background Morrell Companies is a family owned business which has been located in Elk River since 1962. Larry and Arlyce Morrell started the business as a common carrier trucking company,and after recognizing the growth potential of the business,opened an aggregate division in 1974. Throughout the years, numerous additional divisions were formed to haul concrete products, recycling material and heavy equipment. With this growth,the entire family became involved in the family business in a variety of capacities,and this involvement as allowed for continued growth and expansion. Morrell Companies was originally located on the corner of Jackson &School Street. In 1996,Morrell Companies built a 36,000 sq.ft.facility at their current location; 10752 171st Ave NW,without any assistance through businesses subsidies. This facility has provided them an even greater ability to serve their customers,while providing enough room for expansion. In the early 2000s,Todd,Terry and Trent Morrell transitioned into leadership positions within the company,with their mother and father stepping down to work in the company on a part time basis. Morrell Companies is now a full service carrier which offers a vast variety of standard and specialized transportation services. The current property is owned by Morrell Properties, LLC(a holding company),with Morrell Oversize Inc.,operating out of the facility. There are several other divisions of the entire organization which operate out of this facility. Recognizing the opportunity for growth, Morrell Oversize is looking to expand its operations onto the 4.08 acre lot adjacent to the current facility. Corporation/Partnership Description Scott Morrell, LLC(real estate entity)is owned By Terry and Renee Morrell Morrell Oversize, Inc. (business entity)is owned by Renee Morrell Project On March 16,2015,the Elk River EDA and City Council approved the purchase agreement for Morrell Oversize to expand their operation on a 4.08 acre lot in city owned Nature's Edge Business Center.Terry Morrell, is proposing to build a 13,824 square foot facility. The facility will provide a wash facility,light duty maintenance and office space for the growing company. The property will be owned by Scott Morrell, LLC(holding company). This expansion provides Morrell Oversize a huge opportunity for growth,creating new job opportunities for the Elk River community, and ensuring the long term success of Morrell Companies as a whole. Project Benefits Morrell Companies is a long-standing community business which has operated in the Elk River community for over 50 years; providing significant tax base, and well-paying jobs for the Elk River Community. Morrell Companies currently employ 105 people at an average hourly wage of$23/hr. Of these 105 FTE, 13 FTE are employed by Morrell Oversize with an average hourly wage of$27.94/hr,