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d <br /> City•;.L <br /> of 1 <br /> !a <br /> Elk River EDA—Brown Property EZ <br /> River <br /> i • <br /> D <br /> ® PROPOSAL FOR THE SALE AND DEVELOPMENT <br /> ® OF BROWN BUSINESS PARK <br /> ® I. Proposed project Our proposal envisions a collaborative effort between three highly skilled private <br /> companies that specialize in their respective professional services. <br /> ® A. Briefly explain your pro- Notwithstanding,we believe the Elk River Economic Development Authority to be <br /> posal. a partner as well. <br /> DWe propose to work with the EDA to obtain the following objectives: <br /> ® I. Provide value to the property by using the professional skills of the partners to <br /> obtain the EDA/City objectives. <br /> ® 2. Provide accurate views of the market,market forces,and privatization of the <br /> development. <br /> CO 3. Provide sales and marketing skills dedicated and committed to private <br /> enterprise deal making. <br /> D4. Maintain a sense of ownership and value to the EDA. <br /> Firm Task: Provide innovative planning and landscape skills in developing a unique <br /> O business park within the existing environment. <br /> DFirm Task:Provide professional sales and marketing through key individuals that <br /> share in national and local resources in the brokerage of real estate. <br /> O <br /> III Firm Task: Provide accurate and up-to-date pricing information in construction and <br /> 0 <br /> development. <br /> B. Please include the follow- A successful development depends on a review of the market in conjunction with <br /> CO ing items and how they the City's goals and objectives. From our experience in working within the East <br /> relate to your proposal. If Business Park,the zoning is quite descriptive(as well as restrictive)towards market <br /> COexact figures and explana- realities in development. Only one lot has developed as shown on the approved <br /> tions are not possible, plans, which happens to be the development-owned speculative building. As a <br /> D please estimate using result of the current market and business park zoning, projects and proposals <br /> similar developments continue to conflict with both planning and economic development goals; hence, <br /> Dalready in operation else- tax base and jobs have gone elsewhere. <br /> where. <br /> D Recommendation: Working with Hoisington Koegler Group, CB Richard Ellis <br /> I. Concept Plan Showing <br /> Lot Layouts Se.Types of and Amcon Construction Company,the EDA can establish development guidelines <br /> D Uses that seek to achieve their objectives. Different site plans showing innovative <br /> features coupled with an in-depth market analysis. Examples might include a <br /> O "green only" business park or an "energy" site. Coincidentally, a theme business <br /> park/project may conflict with existing economic development and planning goals, <br /> Dyet,the marketplace may respond to such a planned amenity. <br /> DWe propose a land planning study in conjunction with a market analysis to produce <br /> up to three site plans that can be associated to development pro formas. <br /> DWe have based our proposal content on the planning/predevelopment results <br /> © provided in the RFP. <br /> D II/ <br /> D ANCON <br /> CBRE H K <br /> D CB RICHARD ELLIS cy • <br />