Laserfiche WebLink
Steering Committee Minutes .e 3 <br /> July 14, 1994 pp <br /> 5.3 Inventory of Commercial Property- Exhibit H <br /> • Steve Ach explained the following breakdown of commercial property in <br /> Elk River: <br /> Total acres zoned Commercial: 873 acres <br /> Cl/Central Commercial- 55 acres <br /> C2/Office District- 56 acres <br /> C3/Highway Commercial - 662 acres <br /> Planned Unit Development 140 acres <br /> Total Acres Developed 469 acres <br /> Total Acres Vacant 404 acres <br /> - Restrictive Areas -27 acres <br /> TOTAL NET ACRES AVAILABLE FOR DEVELOPMENT- 377 ACRES <br /> Cecilia Scheel questioned what "restrictive areas of development" <br /> meant. Steve Ach explained that these areas were wetlands, floodplain <br /> areas, or properties that would not meet minimum setback requirements <br /> and could not be developed. <br /> Gary Santwire asked how many restricted and developed acres were in <br /> each of the four commercial areas. Steve Ach stated that those numbers <br /> have been calculated but he did not have them available, but indicated <br /> most of the available commercial area is C-3/Highway Commercial. He <br /> explained that the C-1/Central Commercial area is located in the <br /> 40. downtown and is fairly limited. C-2 is in the corridor on Main Street <br /> between Highways 10 and 169, and north along Jackson. <br /> C-3 is located along east Highway 10 and up Highway 169. <br /> Steve explained that using a high absorption rate of 14 acres per year, the <br /> City would have approximately 27 years worth of commercial property. <br /> Using a low rate of 2 acres per year, there would be approximately 188 <br /> years worth of commercial property. He noted that these numbers could <br /> change dramatically when big projects such as Elk Park Center are <br /> developed. <br /> Pat Dwyer indicated that a large portion of undeveloped commercial <br /> land located along the Highway 10 east corridor would be used if sewer <br /> and water were available. He stated that if a large user wanted to locate <br /> there, they would be unable to because of the lack of utilities. <br /> Gary Santwire questioned whether or not Elk Park Center is considered <br /> developed. Steve Ach stated that the majority is considered developed <br /> with the exception of the free-standing lots between Freeport Avenue <br /> and Highway 169 and the 3 lots at the north end of the development. <br /> Steve Ach explained the graph attachment to Exhibit H, which shows the <br /> new commercial development from 1988 to 1993. He estimated there will <br /> be approximately 75 to 100 acres of new commercial development in <br /> 1994. <br /> • 6. Overview of Commercial Districts <br />