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ityof • <br /> Ak <br /> River MEMORANDUM <br /> TO: Economic Development Authority <br /> FROM: Pat Klaers, City Admini r <br /> DATE: August 14, 2000 <br /> SUBJECT: EDA Site <br /> The EDA has worked with Gary Santwire and the Ripplingers for the <br /> development of the EDA site. The EDA will be subdividing this property, pay <br /> the associated subdivision fees, and giving the land to the business owners <br /> for their building projects. <br /> An unfortunate situation developed in the process of putting together this <br /> project. This situation is that sewer and water is not stubbed into the site off <br /> of Joplin Street as the property was proposed to be developed by a cul-de-sac <br /> off of Business Center Drive. This relates to an approximately $10,000 <br /> additional expenditure for the extension of sewer and water to the two <br /> projects. <br /> I have discussed this issue with Gary Santwire, developer of the sites, and it <br /> was suggested to split this $10,000 expenditure. I have indicated that I would <br /> support this request and funding for the EDA share would come out of its <br /> EDA reserve. The key factor in my support of this request is that the <br /> developers substantially increased the building square footages since the <br /> initial proposal. <br /> Recommendation <br /> It is recommended that the city and the developer split the approximately <br /> $10,000 expenditure for the extension of utilities to the site with the EDA <br /> monies coming out of its reserve fund. <br /> • <br /> 13065 Orono Parkway • P.O. Box 490 • Elk River, MN 55330 • TDD &Phone: (612) 441-7420 • Fax: (612)441-7425 <br />