6.0. EDSR 03-14-2005 - Laserfiche WebLink

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• Elk River Bid Proposal Proposed Project: A. Briefly explain your proposal. It is the intent of Duke Realty Corporation ("Duke") to enter into a mutually agreeable development agreement with the City of Elk River Economic Development Authority to develop the Brown Business Park. We are proposing a four building complex, consisting of 387,400 sf that would be built over a 2—3 year period. In this agreement Duke would act as master developer. Duke's scope of work would include: site planning, cost estimating, project scheduling, safety administration, construction services and certain marketing. The Economic Development Authority would retain ownership of the land until a sale is completed with an end user. In its role as landowner, the Economic Development Authority would provide marketing through its various city programs for economic development, collaborate on site planning and ongoing site development, and provide business financing and incentive programs to companies wishing to relocate to Elk River. B. Please include the following items and how they relate to your proposal. 1) Concept plan showing lot layouts and types of uses i* • Please refer to our concept plan included in the "concept site plan" tab. 2) Building sizes (square feet) Our proposal is based on four buildings with the following approximate sizes: EDA Building — 105,800 SF—Manufacturing Building 2 — 100,800 SF—R &D Building 3 — 100,800 SF—Office/Warehouse YMCA — 80,000 SF 387,400 SF We are exploring the possibility of moving the gas line running through the site. If the gas line is moved, construction of an additional 70,000 sf building would be possible. 3) Total estimated market value of development at full build out EDA Building — $56.08 PSF $5,934,000 Building 2 — $84.77 PSF $8,545,000 Building 3 — $63.15 PSF $6,366,000 YMCA — $142.10 PSF $11,368,000 $32,213,000