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t4. m. 1 <br /> • E KEEWAYDIN GROUP. . . Real Estate Advisors to Business <br /> April 30, 1996 <br /> Mr. Patrick D. Klaers <br /> City Administrator <br /> City of Elk River <br /> P.O. Box 490 <br /> 13065 Orono Parkway <br /> Elk River, MN 55330 <br /> RE: Polycarbonate Lens Manufacturer <br /> Dear Mr. Klaers: <br /> We represent a Polycarbonate manufacturer of prescription lenses and have been commissioned <br /> to seek out a site location within the conterminous United States and develop a new <br /> manufacturing/distribution facility. <br /> • The primary consideration for location of this facility will be the "cost of doing business". Costs <br /> are measured on a net present value basis and consist of all costs/fees associated with <br /> development of the facility plus recurrent costs. <br /> Final locations under consideration consist of; Tarboro,North Carolina, Cedar Falls, Iowa, <br /> Rogers, Minnesota, Elk River, Minnesota and Ramsey, Minnesota. <br /> The initial building will be approximately 159,000 square feet in size which consists of <br /> warehouse/manufacturing and office areas with 139,000 and 20,000 square feet respectively. <br /> The final site selected must provide for expansion •f the facility up to a total of 270,000 square <br /> feet. <br /> This building will be insured by Factory Mutual as a "HPR" (highly protected risk)type facility <br /> and most probably will have an ESFR(early suppr-ssion, fast response)type fire protection <br /> system in the warehouse portion of the building. :ased on this, adequacy of water supply and <br /> system reliability will be a critical issue in the fin.1 selection of a site. <br /> We anticipate that the exterior of the facility will b- constructed of"High Tech" architectural <br /> metal sandwich panel with an eave height of appm imately 23' 0". The office portion of the <br /> building will be an appendage to the warehouse/m, ufacturing area but with a lower eave height. <br /> • 1922 IDS Center <br /> 80 South Eighth Street <br /> Minneapolis,MN 55402 <br /> 612-341-4422 <br /> Fax.612-349-6439 <br />