5.6. PCSR 08-23-2005 - Laserfiche WebLink

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I I I I I I I I I I I I I 'I I I I I I WWW.RYANCOMPANIES.COM RYAN COMPANIES US, INC. 50 South Tenth Street, Suite 300 Minneapolis, MN 55403- 2012 BUILDING LASTING R.ELATIONSHIPS gaYAH 612-492-4000 tel 612-492-3000 fax Project Narrative For Target Technology Center Elk Path Business Park Third Addition Elk River, Minnesota July 25, 2005 Ryan Companies is pleased to present the attached application for the proposed 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 ten to twenty 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, and is excited to be proposing this application to the City of Elk River. Generally speaking, the existing infrastructure provides ample capacity, and the site location provides the secure environment that Target is seeking.