11.0. EDSR 12-13-1994 - Laserfiche WebLink

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to 12 acres of land. They were put in touch with the property owner along County Road 1, just east of the Elk River Industrial Park. 5 . Brad Larson Redevelopment Proposal - A recent meeting was held with Mr. Brad Larson, an attorney from Monticello, and his architect, regarding their interest in the Morrell property at School Street and Jackson. Avenue By virtue of the property' s zoning, they are considering a multi-family redevelopment apartment project. Mr. Larson recently completed the 23-unit project know as Elk Terrace Apartments . On a side note, Mr. Larson' s interest in this site may be one piece of a larger puzzle relative to the Business Park Task Force discussion about property on the eastern part of the community. Mr. Morrell owns approximately 23 acres of land along the eastern corridor. We understand that Morrell Trucking desires to be cashed out of its property at School Street and Jackson Avenue before pursuing expansion alternatives elsewhere. 6 . Green Mill Franchise The City Planner and Economic Development Coordinator met with a Ramsey resident regarding his desire to open a Green Mill franchise in Elk River. He is a childhood friend of the founders of this 411 successful, upscale pizza and pasta restaurant chain. It is likely that the Elk River franchise would require a liquor license. Staff's meeting with the franchise-holder was very positive. PREVIOUSLY LISTED PROSPECTS 1 . BRUMAR Staff understands that BRUMAR recently received a $70,000 loan from the Central Minnesota Initiative Fund to assist with the acquisition of approximately $130,000 to $140,000 worth of new mills and lathes . 2 . Tescom Corporation - EDA Commissioners will be happy to learn that Tescom is nearing completion of its 30,000 square foot expansion to accommodate its high purity division. This in turn, will trigger Tescom' s request for the balance of its TIF subsidy, and, it will trigger one or more requests to draw upon the DTED-City loan. 411