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City of Elk River <br /> Strategic Industrial Marketing Plan <br /> Elk River...Where city and country flow together <br /> Client Requirements & the City of Elk River <br /> Alignment Analysis <br /> Client Requirements City of Elk River Value of Attribute <br /> 4E'AI:'ESTTE ,: ,,,,• <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 Neutral <br /> with 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 Advantage <br /> • Rail spur access • Available in downtown or could construct in Advantage <br /> East Business Park. <br /> Price <br /> • Free land • Write down with TIF or contribute city Neutral <br /> owned land. <br /> • Market rate • Available <br /> FINANCIALINCENTIVES <br /> Tax Increment Financing(TIF) • Able to provide TIF for 25,000 sf or more Neutral <br /> /Tax Abatement(Pay as you go) and Tax Abatement for smaller projects <br /> TIF • Willing to provide as additional incentive Neutral <br /> (Upfront/Bonds) for highly desirable development. <br /> TIF Land Contribution • Available in East Business Park and small Neutral <br /> parcel in West Business Park. <br /> Loans • Available Advantage <br /> °CIT, Y SERVICES AND,COST ,, 1-71*'`,',f <br /> .,, <br /> Low property taxes • Below average of 129.332 Advantage <br /> -Elk River 1999= 121.130 <br /> 2000= 119. 362 <br /> Special Infrastructure Needs: • All infrastructure in place and able to Advantage <br /> Electric,Gas,Communications, provide needed capacity in most cases <br /> Water&Sewer <br /> Availability,Reliability&Cost <br /> Timely and accurate information • Need to improve location site process Working to establish <br /> location site process <br /> • Ease of doing business with city • Need to improve location site process Working to establish <br /> location site process <br /> A BluePrint For Your Success <br /> ...Today and Tomorrow <br />