5.1 ERMUSR 05-11-2021 - Laserfiche WebLink

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- 21 - Commercial/Industrial development: • Copart of Connecticut constructed phase one of their damaged vehicle sale/auction operation in the southeast corner of the City. Phase one is 20 acres and began with four employees. The second phase, which has been approved by the City Council allows for full buildout at nearly 45 acres and 14 full- time employees. • Shoot Steel began construction of a 20,000 square foot light manufacturing facility on a vacant city- owned lot in our business park. • Planet fitness completed their remodel of a 23,000 square foot retail space to establish a new fitness facility in the Elk Park Center retail development. • Aegir Brewing is remodeling an existing office building to facilitate an expansion of their brewing/taproom operation. • Sportech, a leading manufacturer of cab components for utility task vehicles, has submitted an application for a 91,000 square foot expansion to their existing facility which is expected to add 55 new jobs. Financial Institutions* The following full service banks are located in the City: Deposits as of December 31, 2020 The Bank of Elk River $583,201,000 First Bank Elk River 361,412,000 Total $944,613,000 In addition, branch offices of Boundary Waters Bank, Frandsen Bank & Trust, MidwestOne Bank; New Market Bank, Pine River State Bank; TCF National Bank; U.S. Bank National Association; and Wells Fargo Bank, National Association are located throughout the City. * This does not purport to be a comprehensive list. Source: Federal Deposit Insurance Corporation, https://www.fdic.gov/. Health Care Services The following is a summary of health care facilities located in the City: Facility Location No. of Beds Guardian Angels Care Center (Nursing Home) City of Elk River 120 Source: Minnesota Department of Health, http://www.health.state.mn.us/. 130