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tif <br /> k <br /> River <br /> 13065 Orono Parkway <br /> Elk River,MN 55330 <br /> Meeting Attendees: <br /> Date of Meeting: <br /> Meeting Location: <br /> EDA'S OBJECTIVE: To attract small to medium size light industrial users to Elk River. <br /> EDA'S PURPOSE: <br /> 1. To increase the city's future property tax base thus reducing future increases in <br /> property taxes on current residents. <br /> 2. To create quality job opportunities for current and future residents. <br /> 3. To create an increased customers base for retail business. <br /> MEETING GOAL: To provide process for each landowner, that reduces the Price <br /> • Competition between landowners with in the city, while at the same time allowing them <br /> to be competitive with land outside of the city. Each landowner would have the option to <br /> participate or not participate. If they choose not to participate in the beginning, they may <br /> change their mind and participate at a later date. As part of the process, a"BUT FOR" <br /> analysis would be preformed to insure compliance. <br /> ZONING DEFINITIONS: <br /> Light Industrial District: <br /> Allows manufacturing, warehouse, wholesale businesses, offices &research <br /> facilities/labs with a lower set of building standards (i.e.) metal, no architectural <br /> guidelines. <br /> Business Park District: <br /> Allows the same uses with an emphasis on higher quality construction standards; <br /> typically developed as a"campus"with some unifying elements. <br /> • See attached Matrix I: Key Client Requirements by Development Type. <br /> • <br /> Phone: ,Iu1 T4; 9-- <br /> Fax:-.63-A417 5 <br /> www.ci.elk-river.nin.us <br />