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• Industrial Land Product Offering <br /> Currently,the City of Elk River offers,via private land owners,industrial land with water <br /> and sewer in West Business Park and East Business Park. There is other land zoned for <br /> industrial use but does not currently have water and sewer. <br /> The following charts depict the park,land ownership,land pricing;total acres available and <br /> total acres developed to date. Please note the various landowners,which causes challenges <br /> in the siting process and in pricing the product. The pricing ranges from $1.50 to $6 per <br /> square foot. <br /> Typically,a city owns the land to ensure market based pricing and more importantly be in <br /> total control of the development process. For example,the City of Big Lake is selling their <br /> industrial land at$1 and the City of Ramsey's industrial land price is from$1.50 to$2.00 per <br /> square foot. For additional pricing information,please refer to Appendix B,the Updated <br /> Competitive Matrix. <br /> Chart 1 <br /> West Business Park <br /> Development/ Pricing Acres Acres Percentage to <br /> Owners Available Developed to be Developed <br /> 2001-2002 Date <br /> Elk Path $1.50 to 80 0 100% <br /> Business $3.00/SF + <br /> Center/ Assessments <br /> Hoyt Partners <br /> Gagne/ $1.50/SF + 18 0 100% <br /> Gagne Partners Assessments <br /> Country Sold at 14 14 0% <br /> Crossing/ $1.15/SF in <br /> Emmerich 2000 <br /> Country Sold at $1 in 4 4 0% <br /> Crossing/ 2000 <br /> EDA <br /> Country TBD 3 0 100% <br /> Crossing/ <br /> City <br /> TOTAL 119 18 83 To <br /> 1110 <br /> Duckor&Associates,Inc. 8 <br /> A BluePrint for Your Success . . .Today and Tomorrow <br />