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Item # 5.1. <br /> • ' <br /> City of <br /> Elk -�-1 <br /> River <br /> MEMORANDUM <br /> TO: Economic Development Authority <br /> FROM: Heidi Steinmetz, Assistant Director of Economic Development <br /> DATE: December 13, 2004 <br /> SUBJECT: NAIOP Survey Summary <br /> Attachments <br /> • NAIOP Survey Results of Elk River& It's Key Competitors <br /> o Processing Time <br /> o Fees <br /> Background <br /> A development survey was recently completed by the MN chapter of the National <br /> Association of Industrial and Office Properties (NAIOP). The survey included 78 Twin <br /> Cities communities including Elk River. The results indicate the variations among cities in <br /> processing times and fees. The survey was based on a 50,000 SF office/warehouse building <br /> on 4.1 acres of land that would need to be rezoned from residential purposes to commercial. <br /> Issue <br /> Staff prepared the attached comparison of the variation in processing times and fees <br /> between Elk River and its key competitor communities. <br /> Summary <br /> The survey results indicate the City's processing time and fees for an average development <br /> project is similar to its key competitors. <br /> The processing time for a City of Elk River industrial development project relates to a <br /> streamlined process that the City developed in 2001. When an industrial prospect is <br /> identified, staff initiates an Industrial Siting Team meeting. Siting Team members are <br /> composed of key city staff representing each City department that eventually works with the <br /> industrial prospect. Each member provides upfront input that assists staff in identifying any <br /> future "roadblocks" that may occur in the project. The purpose is to provide the prospect <br /> with a high level of customer service. <br /> • <br />