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• will include an inventory of properties and constraints,visioning process and an <br /> implementation plan. Completion of the plan is anticipated for Fall 2001. <br /> Jackson &Main St Property <br /> In May the EDA transferred its Jackson and Main Street property to the City of Elk River in <br /> order to preserve the site for green space within the downtown. <br /> BUSINESS PARK DEVELOPMENTS <br /> West Business Park (EDA property) <br /> The EDA approved a proposal for the development of its Joplin Street property by Gary <br /> Santwire/Rivers Crossing, Inc. The development includes the construction of two 22,500- <br /> square foot buildings. The northerly building, owned by Equity Management, Inc. (Linda <br /> Norha),will provide needed leasable light industrial space in the community. The southerly <br /> building, owned by David Ripplinger (Track of the Wolf, Inc.),will create up to 10 jobs at <br /> $10/hour wage. The EDA acquired the site in 1997 with tax increment finance revenues and <br /> contributed the land value and utility extension costs in an estimated total amount of <br /> $258,100 to the project. <br /> Opus Northwest, LLC./SoftPac Industries, Inc. (Emmerich property) <br /> In July the EDA approved a tax increment financing request from Opus Northwest, L.L.C. <br /> and SoftPac Industries, Inc. for the construction of a 75,000-square foot flexible pouch <br /> packaging facility. The City created Tax Increment Financing District No. 21 to provide <br /> $700,000 for the 14-acre land acquisition. The EDA had been marketed the site through a <br /> • joint marketing agreement since 1997. SoftPac Industries will create up to 60 jobs, paying <br /> minimum wages of$10/hour. <br /> Elk Path Business Center(Wilson propery) <br /> The City extended Business Center Drive to Waco Street and installed sanitary sewer, <br /> watermain, and storm sewer to service the Hoyt Partners property. The 80+acres of property <br /> was rezoned for Business Park and Highway Commercial development. Development by <br /> Allina Medical Clinic is anticipated in 2001. <br /> Elk River Business Park <br /> Groundbreaking for the construction of the first of several buildings planned for Elk River's <br /> East Business Park was held in September. The initial building will be a 52,000-square foot <br /> light industrial facility. The project is a development between Amcon Construction, <br /> Brookstone, Inc., and Fischer Sand and Aggregate Co. A total of 40-acres is included in the <br /> business park that is located off the newly constructed Twin Lakes Road. <br /> • <br />