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• Reserving Industrial Land in Area <br /> with Rapid Residential Growth <br /> •First form of control is zoning <br /> •Next step-option land <br /> •Public acquisition/development(rural) <br /> •Encourage private development(metro) <br /> •Sherbume County at the"edge"of <br /> private vs. public development <br /> Industrial Land <br /> Planning & Development <br /> • Recommend 30 year inventory of land zoned <br /> appropriately for future development of <br /> business&industrial parks <br /> • Best tax base density is achieved through <br /> quality business park development(hand-out) <br /> • • Recommend 8-10 year inventory of serviced <br /> land to maintain diversity of sizes/locations <br /> • Challenge of market cycles—holding costs <br /> • Challenge of rapidly escalating prices due to <br /> residential demand for new housing <br /> • <br /> Sherburne County Inventory <br /> • Vacant land ZONED industrial not in cities <br /> — 797 acres <br /> • Vacant land in Comp Plan for Business& <br /> Industry not in cities currently <br /> — 2,488 acres <br /> • Unsure about future utility services to these <br /> parcels;quality of development <br /> • Makes sense to take a more in-depth look at <br /> planning for future business&industrial parks <br /> (tax base) <br /> • <br /> Econmic Development Services-November 2004 11 <br />