8.0. EDSR 04-10-1995 - Laserfiche WebLink

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à,Yi°i1/ tf ` � � MEMORANDUM River TO: Economic Development Authority FROM: Pat Klaers, City Administra DATE: April 10, 1995 SUBJECT: Public Works Site Attached for your review is an April 3, 1995, memo that I provided the City Council. This memo offers some background information on the status of the School public works building project. There is a School public works building location identified in the Oak Knoll Park complex. This building pad was identified when the complex was laid out in 1991 and is still available for the School. When the City Council received an update on the status of the School building project in early 1995, the Council requested that I work with the • School District to see if there was a better site available for this project. The site identified was Lot 8, Block 1, in the Industrial Park. This property is owned by the EDA. The City purchased this site a few years ago and transferred ownership to the EDA. The financial scenario for the EDA to recapture some funds for this lot are laid out in my 4/3/95 memo. If the School pursued this Industrial Park lot, I believe that they would save money on utility and site preparation expenses even if they had to pay us the maximum of$45,000 for this property. If the School District does not find this Industrial Park lot offer acceptable, they can always construct as originally planned in the Oak Knoll complex, or look for other sites. It should be made clear that the City is not "forcing" the School into the Industrial Park. It was our original intent to have an industry locate on this lot rather than have the property be in the tax exempt status. I will be in attendance at this EDA meeting to further explain the School public works scenario as I understand it. The School Board will be reviewing its options in the next few weeks. 411 13065 Orono Parkway • P.O. Box 490 • Elk River, MN 55330 • (612) 441-7420 • Fax: (612) 441-7425