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tikk <br /> -�-� <br /> River <br /> 13065 Orono Parkway <br /> Elk River,MN 55330 <br /> May 18, 2001 <br /> Developer Contact- <br /> Company- <br /> Address- <br /> City, MN 55555 <br /> RE: Elk River Downtown Redevelopment <br /> Thank you for your interest in considering a redevelopment project along the Mississippi River in <br /> downtown Elk River. At this time, the City of Elk River/Housing and Redevelopment Authority has <br /> received interest from two developers for a redevelopment project in the downtown area. Your interest <br /> comes at an opportune time as the City is completing an implimentable redevelopment plan for the <br /> downtown area. <br /> While the City has not identified specific redevelopment sites and desired uses at this time, components of <br /> the plan will include: <br /> • Utilise the Mississippi River for public/private use <br /> • Maintain the historic character of the core central business district <br /> • Maintain pedestrian-friendly core central business district <br /> • Encourage safe pedestrian and vehicle traffic movement <br /> Enclosed is the draft Market Analysis for Downtown Elk River prepared by Maxfield Research Inc.,which <br /> provides an analysis of conditions and market potential for housing, retail and office development. <br /> Since the Downtown Redevelopment Plan is not yet complete, the HRA in not in a position to make any <br /> formal request-for-proposals or request-for-qualifications at this time. However, the HRA is interested in <br /> discussing the possibilities for redevelopment. In order to evaluate the range of development possibilities, <br /> the HRA is requesting additional information from each developer. Please submit the following <br /> information by 4:30 p.m.,June 11, 2001: <br /> • Description of development team and relevant experience <br /> • Written narrative describing preliminary development concept including land uses, architectural <br /> theme, market feasibility, estimated project timing, and relationship to the river <br /> • Preliminary project costs and funding sources <br /> • Proposed HRA/City role and involvement in project, if any <br /> • • Concept sketch plan showing site layout, site improvements and building elevations <br /> Phone:763.441.7420 <br /> Fax:763.441.7425 <br /> www.ci.elk-river.mn.us <br />