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Item # 7 <br /> • ,/j <br /> City of <br /> Elk -�-� <br /> River <br /> MEMORANDUM <br /> TO: Economic Development Authority <br /> FROM: Catherine Mehelich, Director of Economic Development <br /> DATE: November 10, 2003 <br /> SUBJECT: Industrial Land Development Strategy- Update <br /> Attachment <br /> • Memorandum from Rick Martens, Elk River Business Park,re: Industrial Land <br /> Incentives, Sept. 30, 2003. <br /> • Map of Elk River Business Park. <br /> • Background <br /> The EDA directed staff to meet with the landowners to discuss their interest in a Master <br /> Development Agreement for the joint marketing of the following business park/industrial <br /> land: <br /> • Elk River Business Park(East Business Park) <br /> • Elk Path Business Center(West Highway 10) <br /> Issues for Discussion <br /> Sid Inman of Ehlers&Associates will be present at the EDA meeting to provide a verbal <br /> update on recent meetings with landowners. The attached memorandum from Rick <br /> Martens,Manager for the Elk River Business Park,LLC outlines a series of issues for EDA <br /> discussion. <br /> In addition,the following Industrial/Business Park activities have recently come to the <br /> attention of staff: <br /> • A majority of the Cascade Industrial Park(southeast Elk River) land is being sold to <br /> one medium industrial user,requiring mostly land for outside storage. The <br /> landowners withdrew a prior request for street improvements. <br /> • Staff has received an inquiry by two brokers requesting to rezone the south half of <br /> Elk Path Business Park for town home construction. Consistent with the city's <br /> Strategic Industrial Marketing Plan, staff communicated to the brokers that staff <br /> • would not support a request for rezoning Business Park/Industrial property for <br /> residential. <br />