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City Council.l\finutes November 8, 2004 Page 3 ----------------------------- the EDA would be $1,205,600, not including price of land. This is with 45 developable acres. To develop a Phase 1 area with approximately seven lots would cost $500,000 to $600,000. She is inquiring from the EDA and Council if it is time for the city to get into this business and wishes approval to proceed. The following comments were expressed: . Would like to see more activity; . Potential projects should be made available; . Should encourage Brown property to develop; . Been waiting for other projects/areas to take off - it's rime for the City to move ahead; . The developers aren't filling the needs; . Would like to move forward first with Cargill land because the City is lacking light industrial land; . Some current industrial businesses are land locked. It was the consensus of the EDA and Council to have staff move forward in developing a strategy. The EDA meeting adjourned at 7:35 p.m. 4.3 Overview of Greater MN Housing- Fund Growth Corridor Initiative Conference and Consider Pre-Application Submittal for Initiative ProgJ'am Director of Planning Michele McPherson explained that at the November HRA meeting, the HRA had discussed the Greater Minnesota Housing Fund's (GMHF) Growth Corridor Initiative program and whether or not the HR!\. should consider submitting a Pre- Application for the program. It was the HRA consensus that the City Council should consider the submittal. The program will respond to issues affecting high-growth communities located at the edge of the seven-county metro area. Four elements to the program include: coordinated planning; land use; housing; and community participation and local control. She explained that a city received up to $50,000 for technical assistance. She explained that this program won't initially help the city buy land but this program could lead to grant money that could be used for this purpose. The money obtained from this program would be geared toward technical assistance in looking at new development or new redevelopment. Councilrnember Tveite felt that it was not worth the staffs time to fill out the application. He stated that we have staff talented enough to research these issues and can do these items on our own. The rest of the Council concurred. Acting Mayor Motin called for a recess at 7:56 p.m. The meeting reconvened at 8:01 p.m. 4.4 Discussion on Natural Resource Invento:cy Reports/Project Director of Planning Michele McPherson introduced Paul Bockenstedt and Liza Gould from Bonestroo & Associates who prepared the Natural Resources Inventory Draft Report. !v1r. Brokenstedt and Ms. Gould provided an overview of the report contents and reviewed the recommendations.