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rITEM 1 5.7. <br /> \74 . <br /> ity of <br /> Ilk River <br /> MEMORANDUM <br /> TO: Elk River Planning Commission <br /> FROM: Marc Nevinski, Assistant Director of <br /> Economic Development <br /> DATE: July 25, 2000 <br /> SUBJECT: Softpac Industries/ Opus Proposal for <br /> West Business Park Development <br /> Issue <br /> Opus Northwest has submitted a proposal, in conjunction with Softpac <br /> Industries (formally referred to as ANC/Pouch Pac) to develop 13.97 <br /> acres in the West Business Park. Because tax increment financing <br /> (TIF) will be used in the project, state law requires that the Planning <br /> Commission review the attached TIF plan to ensure that the project is <br /> in compliance with the city's comprehensive plan. <br /> • Background <br /> Softpac intends to build a state of the art plant in Elk River that will <br /> produce, package, and distribute beverage products in stand-up <br /> flexible pouches. The facility will be built by Opus Northwest and will <br /> consist of a premium concrete structure of approximately 75,000 <br /> square feet in Phase I and may approach 200,000 square feet in <br /> subsequent expansions. Nine thirty-seven foot storage tanks will be <br /> included in the design of the building and will require a conditional use <br /> permit. ANC plans to employ approximately 50 people with the initial <br /> phase and up to 200 with subsequent expansions. Many of the jobs <br /> will be technically oriented and will command higher wages. <br /> Action Requested <br /> Staff requests that the Planning Commission review the plans for TIF <br /> District No. 21 and consider the attached resolution declaring that the <br /> project conforms to the Comprehensive Plan. <br /> Attachments <br /> • Tax Increment Financing Plan for TIF District No. 21 <br /> • Resolution declaring the project's conformity to the <br /> • Comprehensive Plan <br /> 13065 Orono Parkway • P.O. Box 490 • Elk River, MN 55330 • TDD & Phone: (612) 441-7420 • Fax: (612) 441-7425 <br />