5.0. EDSR 10-11-2004 - Laserfiche WebLink

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ITEM # 5. ‘'LLi*/ City of Elk River MEMORANDUM TO: Economic Development Authority FROM: Heidi Steinmetz, Assistant Director of Economic Development 14$ DATE: October I I, 2004 SUBJECT: Strategic Industrial Marketing Activities Report Attachments • "Red Tape Thicker in Some Cities Than in Others,"Minneapolis Star Tribune, September 14, 2004 • Industrial Real Estate &Logistics Conference Flyer • Ad featuring Display Solutions, The Business Journal, September 24, 2004 • • Direct Mail Piece • Proclamation Memo dated October 4, 2004 I. Product Offering Strategy Industrial Land Issue The landowners of Elk River Business Park and Elk Path Business Center have indicated interest in participating in a master development agreement with the EDA for the development of their industrial/business park property. Staff is awaiting a response from the landowners regarding the revised Contract for Initial Sale and Development. I I. Competitive Strategy The attached article summarizes the results of a development study recently completed by the MN chapter of the National Association of Industrial and Office Properties (NAIOP). The study includes 78 Twin Cities communities including Elk River. The recently released results indicate the variations in processing times and fees. The study was based on a 50,000 SF office/warehouse building on 4.1 acres of land that would need to be rezoned from residential purposes to commercial. Staff is preparing a side-by-side comparison of Elk River with its key competitor communities. The summary report will be provided at the November EDA meeting. Ill. Key Account/Lead Generation Strategy Department of Employment and Economic Development (DEED) Annual Conference • Staff attended DEED's Minnesota Development Conference in Minneapolis on October