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<br />Request for Action <br /> <br /> <br />To Item Number <br /> <br />Economic Development Authority 6.5 <br />Agenda Section Meeting Date Prepared by <br /> <br />General BusinessAugust 17, 2015Amanda Othoudt, EDD <br />Item Description Reviewed by <br />Director’s Report Cal Portner, City Administrator <br />Reviewed by <br /> <br /> <br />Action Requested <br /> <br />Information presented for discussion only in effort to keep the EDA updated development activity. <br /> <br />Background/Discussion <br /> <br />BUSINESS VISITS <br />Amanda, Tom Sagstetter, and Jolene Fenn-Jansen met with Rich Gareis of CDI Curbing to discuss <br />upcoming electrical service changes resulting from Elk River Municipal Utility’s (ERMU) territory <br />acquisition. They submitted their billing history for analysis. <br /> <br />DEVELOPMENT ACTIVITY <br />Ebert Construction Development Proposal <br />We received the appraisal from Nagell Appraisal & Consulting services and negotiations have gone well <br />as we continue with the land assembly. We will obtain a title commitment for the adjoining parcels to <br />determine fee ownership of the MnDOT parcel. The next step in the process is to contact the fee owner <br />of the MnDOT parcel and negotiate purchasing the remnant parcel. <br /> <br />Data Center Site Visit <br />ERMU attended a site visit, which went very well. There were several highlights that seemed to peak their <br />interest: <br /> <br /> <br />Five electric feeders in the area that are served from multiple substations. <br /> <br /> <br />Enough capacity to serve their needs without having to build new infrastructure. <br /> <br /> <br />A water supply from aquifers and the great water quality. <br /> <br /> <br />Electric reliability and new measures to improve on already outstanding performance. <br /> <br /> <br />Competitive and stable electric rates and the possibility of participating in the dispersed <br />generation program (provide demand credits if they are able to shed load during peak times). <br /> <br /> <br />Two existing data centers and our experience to supporting their needs. <br /> <br />GROUND BREAKINGS/RIBBON CUTTINGS <br />Amanda and Councilmember Jerry Olsen attended the Hajime ribbon cutting ceremony hosted by the <br />Chamber of Commerce. The ceremony was well-attended and we had a chance to sample some of their <br />amazing food, hear their success story, and network with local business owners. <br /> <br /> <br /> <br /> <br />