EDSR HANDOUT 10-08-2007 - Laserfiche WebLink

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~' ~ Z (~~~~~~1 Ener~-yEntertainmeatEnterarises 10890 205th Avenue NW, Elk River MN 55330 Proposal to the City of Elk River I n regards to: E//B/gyE/ltc/~/O/1/e/11 C/IyN®te/e//dC®Ofe/eUCB CB//lel, (EECHCC) To the Economic Development Authority and others of concern: As you may be aware, some preliminary discussion has taken place in regards to commercial development along the Highway 10 corridor in Elk River, namely Gateway Industrial Park. Please consider this a formal request for review and subsequent action based on these preliminary discussions and specific details outlined within this document. Energy Entertainment Enterprises, LLC has specifically been formed for the sole purpose to affect commercial development along this corridor conducive to certain economic and image themes of which the community has been striving to attract. We have been acutely aware of certain business needs in the community and in the attempt to capitalize on these needs and build a viable and thriving business, we have chosen to spearhead development along this corridor. We believe that once Energy Entertainment City Hotel and Conference Center (EECHCC) breaks ground, it will stimulate additional commercial development which would be advantageous to not only our business interests, but also the local community. As you know from our initial introduction the EECHCC project is a very large one requiring a substantial financial investment for its founders. The one hundred room hotel and 32 lane bowling facility, conference center, restaurant and affiliated businesses will employ hundreds of people. It will attract much attention to the area and will require a minimum of 14 acres of land. The building alone wilt have at least a 150,000 to160,000 square feet footprint. In an attempt to ensure a successful venture for all affected, we formally request certain concessions and considerations to assist in initiating this venture. Of first consideration is the land: We propose that the City Of Elk River relinquish in the form of a grant, 14 acres of land owned by the city and earmarked for just such a venture. The land is adjacent to 171St Avenue and Hwy 10 in Gateway Industrial Park. This would include the waiving of any associated assessments and any title, closing, or land fees.