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• Item # 5 <br /> City of <br /> Elk <br /> River <br /> MEMORANDUM <br /> TO: Economic Development Authority <br /> FROM: Catherine Mehelich, Director of Economic Development <br /> DATE: October 8, 2001 <br /> SUBJECT: Marketing Plan Activities <br /> MN Manufacturing &Technology Recognition Event <br /> In partnership with the Chamber, the City EDA will be cosponsoring a recognition event as <br /> part of the MN Dept of Trade &Economic Development Manufacturing&Technology <br /> Month (Oct. 22—Nov.23). The event is scheduled for Tuesday, October 23 and will <br /> include a plant tour of Tescom, E& 0 Tool, and Sportech. A luncheon will be provided at <br /> • the Elk River Country Club with presentation by keynote speaker,Rick Speckmann. In <br /> addition to the Chamber membership, the City Council, EDA, HRA, County <br /> Commissioners, and various economic development entities will be invited to attend. <br /> MN Real Estate Journal Economic Development& Site Selection Conference <br /> Staff will be participating in the October 16 conference. Attached is the conference agenda. <br /> As a cosponsor the City of Elk River will be part of a panel discussion about municipal and <br /> business park marketing plans and incentives. The event provides the City an opportunity to <br /> highlight its new business park areas and development goals among a group of real estate <br /> brokers,property managers and developers. <br /> Prospect Update <br /> Staff is currently working with a light manufacturer to relocate its expanding company to Elk <br /> River. The prospect requires a minimum 1.5-acre lot for construction of up to 20,000- <br /> square feet in spring 2002. With the exception of the Brookstone East Business Park, the <br /> City is at a shortage of 1.5+ acre lots for smaller, growing companies that wish to be in the <br /> business park areas. This issue may be subject of further discussion within the worksession <br /> on Business Park development options. <br /> Industrial Park Property <br /> Attached is a copy of the preliminary plat for Cascade Industrial Park located in the <br /> southeast corner of Elk River along Jarvis Street. The property is zoned for medium <br /> industrial and provides approximately 38-acres of much needed land for businesses that may <br /> • not qualify for business park property. It is anticipated that this property will be available by <br /> year-end. <br /> S:\EDA\MARKETNG\UPDATES\10-8-01.DOC <br />