5.3.&5.4. PCSR 08-23-2005 - Laserfiche WebLink

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SECTION 1- PROJECT PLAN FOR TARGET TECHNOLOGY CENTER Subsection A. Forward This document constitutes Sherburne County's Project for the proposed Target Technology Center to be located within Redevelopment District No.1. Subsection B. Statutory Authority The statutory authority empowering the County to establish the Redevelopment District is Minnesota Statutes Chapter 472A, the Minnesota Municipal Redevelopment Districts Act. This Redevelopment Program has been prepared in accordance with the applicable provisions of the Redevelopment Districts Act. Subsection C. Project Description Target Corporation has proposed construction of a technology center for Target Corporation in Elk River, Minnesota. The facility is sited immediately northeast of the intersection of County Road 30 and Waco Street within the existing Elk Path Business Center Second Addition plat. The building will be constructed on a 28.5 acre lot. The proposed hard surface covers only a fraction of the total lot area. The building itself is a minimum of 250-feet from the nearest boundary. Large berms, landscaping, and a 10-foot minimum high security wall provide excellent screening. Superior building finishes, integrated storm water ponding, and the absence of commercial signage provide a park-like appearance that is unique for a business park development. The Target Technology Center is a 159,400 SF facility constructed with the primary purpose of housing computers that are used to store and process data. The proposed facility is a heavy user of municipal water to cool the facility, and generates high wastewater flows that generally require relatively low treatment. The facility also has high electric power demands. These demands will generate a steady revenue stream for a growing City that is looking to expand its infrastructure. In spite of its size and utility demand, the building generates low traffic volume for minimal impact on the existing roadway system. The building generally has less than a dozen employees on site at a given time, and only 30 parking stalls are proposed. Target Corporation has evaluated several sites in the Twin Cities metropolitan area to determine the appropriate location for this new facility. Generally speaking, the existing infrastructure provides ample capacity, and the site location provides the secure environment that Target is seeking given the proximity to the law enforcement center. Subsection D. Property Ownership The existing Elk Path Business Center, Second Addition, is owned by Hoyt Partners. Sherburne County has purchased the property on a contract-for-deed. In order to sell the property to Target, the County must subdivide the portion of the property that is to be sold, and transfer ownership to Sherburne County Project Plan for Target Technology Center page I