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ITEM #5. <br /> • <br /> ( "It <br /> i/ <br /> City of ' <br /> Elk -�-� <br /> River <br /> MEMORANDUM <br /> TO: Economic Development Authority <br /> FROM: Heidi Steinmetz, Assistant Director of Economic Development j5 <br /> DATE: June 14, 2004 <br /> SUBJECT: Strategic Industrial Marketing Activities Update <br /> I. Product Offering Strategy <br /> Industrial Land Issue <br /> Staff and Ehlers &Associates have received responses from the landowners of Elk River <br /> Business Park and Elk Path Business Center regarding terms of a master development <br /> • agreement. They have indicated interest in participating in a master development agreement <br /> with the EDA for the development of their industrial/business park property. The attached <br /> draft Contract for Initial Sale and Development has been prepared by Briggs &Morgan <br /> attorneys with assistance from staff and Ehlers. Staff requests the EDA's feedback on any <br /> concerns with the agreement prior to distributing to the landowners for consideration. <br /> II. Competitive Strategy <br /> There is no new information to report. <br /> III. Key Account/Lead Generation Strategy <br /> Staff continues to work with several sizable prospects that have contacted staff for siting <br /> proposals in the past two months. The companies include metal fabrication and precision <br /> machining. The companies range in size from requiring 20,000 to 50,000 square foot light <br /> industrial buildings. <br /> Staff met with Riverside Community Bank to discuss financing tools and sites for their <br /> business clients. <br /> I V. Promotions & Advertising Strategy <br /> Staff met with ad designer Tammy Weidenbach of Tammy Miller Design to discuss <br /> advertising plans for next year. <br /> • <br />