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Item # 6 <br /> • <br /> City of <br /> Elk -�-� <br /> River <br /> MEMORANDUM <br /> TO: Economic Development Authority <br /> FROM: Catherine Mehelich, Director of Economic Development <br /> DATE: December 13, 2004 <br /> SUBJECT: Industrial Land Development Strategy <br /> Attachments <br /> • Location Maps of EDA and City Properties <br /> • Article "Elk River Seeks More Industrial Parks",The Business Journal, 11-29-04 <br /> • Memo from Sid Inman, Ehlers &Associates dated December 10, 2004 <br /> • Background <br /> The recently adopted Economic Development Strategic Plan identifies Industrial <br /> Development as a priority goal. In order to meet the goal the Plan calls for the City's <br /> consideration of providing city-owned site options for development, in addition to privately- <br /> owned sites. <br /> On November 8, 2004 the EDA participated in a joint work session with the City Council to <br /> discuss its Business Park/Light Industrial sites and development options. The EDA and <br /> Council provided staff direction to proceed in developing a plan for Phase I improvements <br /> and development of the following areas: <br /> • City-owned Cargill land—60 net acres,Light Industrial and Highway Business <br /> • EDA-owned Brown land—45 net acres, Business Park <br /> The goal is to encourage industrial development in the City of Elk River. The objective is to <br /> put all industrial land in Elk River on a level playing field in price and financing assistance, <br /> allowing the end user/manufacturer to select a site based on the site location and its <br /> amenities rather than on price. <br /> Recent Activities <br /> Since the EDA and Council direction staff has been evaluating the opportunities and <br /> constraints of each site and is developing a Phase I concept option for the EDA and <br /> Council's future consideration. <br /> • <br />