3. HRSR 11-06-2017 - Laserfiche WebLink

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City of Elk -�-� River Request for Proposals Trunk Highway 10 & Main Street Redevelopment Contract Administration All persons or firms who download this Request for Proposal (RFP) are requested to register their name and email address by sending an email to Amanda Othoudt,Economic Development Director at aothoudt@elkrivermn.gov. Any revisions or corrections on this RFP,after it has been advertised, will be communicated to those registered. Failure to register is at your own risk. A proposal will not be considered if it fails to include all requested information as detailed in this original RFP and any subsequent modifications. Acceptance of Proposal Contents The contents of this RFP will be included as part of the contractual obligations if a contract ensues. All information in the proposal is subject to disclosure under the provisions of Minnesota Statutes Chapter 13—Minnesota Government Data Practices Act. Introduction and Site Description The City of Elk River Housing and Redevelopment Authority (HRA) is seeking development proposals for a 3.21-acre site located between Lowell Avenue NW on the West and bounded by Trunk Highway 10 to the North,Jackson Avenue to the East and Main Street to the South. Trunk Highway 10 has over 31,000 vehicles per day (VPD),Jackson contributes to 5,600 VPD,and Main Street 6,900 VPD. See Area Map in Exhibit A for an aerial perspective. The HRA will consider gap financing tools as available.Any financing provided will be available for extraordinary development costs associated with redevelopment of the project site. The project consists of 17 contiguous parcels owned by the following entities: City of Elk River,Elk River Municipal Utilities,Elk River ISD #728,First National Bank of Elk River,and Elk River Meats. The city anticipates assembling and acquiring properties for private sale.The total project area is broken out by the following ownership groups: ■ Parcel No. 75-405-0190;75-405-0180;75-405-0120;75-405-0170.The Elk River School District purchased four contiguous parcels in 1997 for use as their district office. The building is currently vacant and consists of 14,190 square feet of office situated on four separate parcels totaling 1.19 acres and is currently marketed for sale at$899,900.