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• The following Alignment Analysis chart outlines how the product offering (the City of <br /> Elk River)meets these client requirements. <br /> Chart 6 <br /> Alignment Analysis <br /> Client Requirements & the City of Elk River <br /> Client Requirements City of Elk River Value of Attribute <br /> i, MM l s i lacy i x .- <br /> Site Needs <br /> • Space Availability • West Business Park—120 Acres Advantage <br /> • Build/own • East Business Park—40+Acres Advantage <br /> • Lease • Generally no lease space available Disadvantage <br /> • Purchase Existing • Limited opportunity to purchase existing. Disadvantage <br /> Facility Needs <br /> • Bulk storage <br /> • Warehouse <br /> • Light manufacturing with Neutral <br /> office space • Can build or lease light manufacturing <br /> Expansion Options <br /> • Availability • Land available to purchase Advantage <br /> • Cost of Suitable Sites • Market rate equal to or less than metro Advantage <br /> Site Needs: <br /> • Size of parcel • Medium to large lots available (+)For larger co. <br /> • configuration of land, • Conducive to most development Advantage <br /> • type of facility, • Brick or Concrete construction required (-)Smaller co. <br /> • environmental factors • None,all Greenfield Advantage <br /> • price • Market rate,less than metro Neutral <br /> • • Rail spur access • Available in downtown or could construct in East Advantage <br /> Business Park. <br /> Price <br /> • Free land • Write down with TIF or contribute city owned land. Neutral <br /> • Available <br /> • Market rate <br /> ., ... \..... <br /> Tax Increment Financing(TIF)/Tax • Able to provide TIF for 25,000 sf or more and Tax Neutral <br /> Abatement(Pay as you go) Abatement for smaller projects <br /> TIF • Willing to provide as additional incentive for highly Neutral <br /> (Upfront/Bonds) desirable development. <br /> TIF Land Contribution • Available in East Business Park and small parcel in Neutral <br /> West Business Park. <br /> Loans • Available Py Advantage <br /> ..::ITi l ',COEM 'CAY i '., ,_.. �,.,. .. r G/�,�i/f, .,: a ISNI 5 <br /> Low property taxes • Below average of 129.332 Advantage <br /> -Elk River 1999=121.130 <br /> 2000=119.362 <br /> Special Infrastructure Needs: Electric, • All infrastructure in place and able to provide needed Advantage <br /> Gas,Communications,Water&Sewer capacity in most cases <br /> Availability,Reliability&Cost <br /> Timely and accurate information • Need to improve location site process Working to establish location <br /> site process. <br /> Ease of doing business with city • Need to improve location site process Working to establish location <br /> site process. <br /> 11 <br />