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• Memo to the City Council,Economic Development Authority,Planning Commission February 11,2003 Joint Meeting Page 4 • Next Steps The 2002 Assessment identified these specific tasks to align the City's industrial product offering with the industrial client's needs: ❑ Dedicate city-owned land with utilities for industrial development. ❑ Analyze and redraft the ordinance standards to better meet the industrial client's needs. ❑ Review and revise, as appropriate,the requirement for park dedication fees on industrial subdivisions. City-owned Industrial Park The Economic Development Authority,at their March meeting,will discuss the costs associated with developing the Brown property for industrial development. There have been concerns raised about the City competing with the private market should it choose to develop this property for industrial development. It is clear from the comparison matrix that the private market is not meeting the needs of the industrial client, and to attract industrial development,the City may need to fill this void. Ordinance Analysis The ordinance analysis includes the following: 1. Review of existing business park areas,what are they really being developed as (i.e. • Mulvaney Point's office condominium buildings), and is there a better zoning district/vision for the area? 2. Review the current Business Park District standards. Are they truly clear to an industrial client? Currently,the standards refer to lands that are guided Highway Commercial as having different uses. There are no business park areas that are guided Highway Commercial, only Light Industrial. This creates confusion for the industrial client. 3. Review the current Light Industrial District standard. Are the uses and standards aligned with the vision and goals of attracting light industrial clients to the City? 4. Revise the Business Park and Light Industrial District standards to be aligned with the vision and goals of the Marketing Plan. Fee Analysis The park dedication fee is an additional development cost to the industrial client. The City should review the necessity of this fee, and if appropriate, reduce or eliminate it in order to facilitate industrial development. Recommendation It is clear from the analysis of the industrial client's needs and the City's product offerings that the only opportunity that the City has to meet the industrial client's need is to: 1. Prepare the City-owned Brown Property for industrial development by site grading, platting, and installing utilities, and 2. Revise the ordinance standards to provide for industrial development by the end • of the 3rd Quarter of 2003. Staff recommends that the City Council direct staff to complete the above two tasks.