6.0. EDSR 01-10-2005 - Laserfiche WebLink

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Recent Activities Request for Proposals Ehlers &Associates have recommended that the EDA/City utilize an RFP process that insures that the EDA/City would receive the highest price for the property, development to the highest and best uses and allow the EDA/City to control the process. The RFP process is a way to market the site immediately to developers and brokers. The attached RFP has been prepared by Ehlers &Associates for the EDA's review. Staff requests the EDA's feedback on the draft RFP. Improvement Schedule, Costs and Plan Staff is drafting a schedule for the City review and approvals for the construction of public improvements (water, sewer, streets) to the EDA Brown and City-owned Cargill properties. It is the goal to have one or both properties available for developer construction in September 2005. Staff is discussing financing options for the improvement project. In order to identify the estimated costs of the improvement the EDA should consider a plan for the property. Ehlers will analyze the costs of the land and improvements to consider the worst case scenario with the slowest build-out and the least sale price of land to determine how much tax increment (from new construction value) will be needed. • Staff is developing conceptual layouts for discussion with adjacent property owners for the • City-Cargill land. A survey of the EDA Brown property is being prepared. Staff has prepared the attached concept plan for the EDA Brown property which works around the constraints of the wetland area, accesses and the gas line. The concept includes a lot layout that could provide large,medium and small sized parcels, as listed below: Lot 1 8.75 acres reserved for the future location of YMCA Lot 2 3 acres to accommodate up to 20000sf building Lot 3 2.2 acres accommodates up to 22000sf building Lot 4 2.2 acres accommodates up to 22000sf building Lot 5 1.67 acres accommodates up to 20000sf building Lot 6 1.78 acres accommodates up to 20000sf building Lots 3-6 could be made an outlot for dividing in the future (7.85acres) Lot 7 12 acres to accommodate 100000sf building for current manufacturing prospect Lot 8 3.4 acres to accommodate up to 25000sf building Lot 9 2.7 acres reserved for regional storm water drainage of the park Issues for discussion • The EDA may consider if the improvements of the property will be phased in or completed for the entire site at this time. • • The EDA ma consider a name for its business park property. Y