Laserfiche WebLink
ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY <br /> 411 <br /> TO: ECONOMIC DEVELOPMENT AUTHORITY <br /> FROM: WILLIAM RUBIN, ECONOMIC DEVELOPMENT COORDINATO,\I <br /> DATE: JULY 22, 1993 (// ``�� <br /> SUBJECT: ADDENDUM TO JULY 27, 1993 EDA MEETING; <br /> PRESENTATION AND PROPOSAL TO PROSPECT <br /> INTRODUCTION <br /> At its July 27 meeting, EDA Commissioners will be asked to add <br /> Item 5 .a, "Discuss Presentation to an Industrial Prospect" to <br /> its agenda. <br /> BACKGROUND <br /> At its July 12 meeting, EDA Commissioners reviewed the monthly <br /> Prospect Status Report. Item #1 under previously listed <br /> prospects, included an update on a metropolitan manufacturer <br /> that seeks a 20+ acre parcel for the construction of a 100,000 <br /> to 120,000 square foot facility that is expandable to as much <br /> as 200,000 square feet. This prospect was previously listed in <br /> • the February, 1993 update. <br /> I wish to advise EDA Commissioners that the writer of this memo <br /> attended an on site meeting with the prospect on July 14 . This <br /> writer came away very impressed with the company, its <br /> personnel, and its expansion plan. The company manufactures <br /> external air conditioners, heat exchangers, and filter fan <br /> packages for electronic instruments. It currently employs 140 <br /> persons, of which 25% are administrative, engineers, <br /> programmers, and clerical support. Although the company <br /> operates out of 62,000 square foot facility, its expansion plan <br /> is to construct at least a 100,000 to 120,000 square foot <br /> facility with its initial expansion project. Company personnel <br /> indicate that the facility would likely be constructed with <br /> precast panels and a double stacked office accented with smoked <br /> glass and steel . The company is currently using a recent <br /> construction project near it as a "model" for its project. <br /> Subsequent discussions with the company contact and the <br /> commercial real estate agent indicate that Elk River is the <br /> company' s first choice among its location options. The company <br /> has driven around the community, previewed potential sites, and <br /> now wishes to begin exploring details and specifics on the <br /> community and the sites. As a result, civic and opinion <br /> leaders from the community have been invited to make a <br /> • presentation to company personnel and its Board of Directors . <br /> This presentation is scheduled for August 10, 1993, from 2 p.m. <br /> to 4 p.m. <br /> P.O.Box 490 • 13065 Orono Parkway • Elk River, MN 55330-1743 • (612) 441-7420 • Fax: (612) 441-7425 <br /> Equal Opportunity Housing and Equal Opportunity Employment <br />