6.0. EDSR 01-10-2005 - Laserfiche WebLink

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ITEM II 6. City of Elk*1 River MEMORANDUM TO: Economic Development Authority FROM: Catherine Mehelich, Director of Economic DevelopmentC< DATE: January 10, 2005 SUBJECT: Consider Conceptual Layout for EDA Brown Business Park Property Attachments • EDA Brown Property Conceptual Layout • Draft Request-for-Proposals • Background The recently adopted Economic Development Strategic Plan identifies Industrial Development as a priority goal. In order to meet the goal the Plan calls for the City's consideration of providing city-owned site options for development,in addition to privately- owned sites. On November 8, 2004 the EDA participated in a joint work session with the City Council to discuss its Business Park/Light Industrial sites and development options. The EDA and Council provided staff direction to proceed in developing a plan for Phase I improvements and development of the following areas: • City-owned Cargill land—60 net acres,Light Industrial and Highway Business • EDA-owned Brown land—45 net acres,Business Park The goal is to encourage industrial development in the City of Elk River. The objective is to having lots available for immediate development and to put all industrial land in Elk River on a level playing field in price and financing assistance, allowing the end user/manufacturer to select a site based on the site location and its amenities rather than on price. At its December 2004 meeting the EDA directed staff to work with Ehlers &Associates in developing a request-for-proposals that would be sent to interested developers for the EDA Brown Property. The EDA also directed staff to draft a conceptual layout for the • development of the EDA Brown and City-owned Cargill properties.