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Preliminary Report on Analysis of Industrial Park Options <br /> March 10,2003 EDA Meeting <br /> • Page 3 of 3 <br /> • With the loss of Local Government Aid (LGA) the intensity of competition between cities <br /> fox industrial tax base will only increase. <br /> • These findings appear to apply not only to city-owned industrial property,but also the <br /> privately owned property. <br /> Next Steps in Analysis <br /> • Staff will obtain a numeric and narrative analysis of how developers arrive at the dollar <br /> amount that they can afford to pay for industrial property. <br /> • Staff will provide options for the City/EDA to consider in order to proceed with either <br /> option. <br />