10.2 SR 02-07-2022 - Laserfiche WebLink

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it ci Elk* River Request for Action To Item Number Mayor and City Council 10.2 Agenda Section Meeting Date Prepared by Work Session February 7, 2022 Zack Carlton, Planning Manager Item Description Reviewed by Purchase City Property: GATR Truck Center Cal Portner, City Administrator Reviewed by Action Requested Discuss GATR Truck Center's request to purchase 6.875 acres of land in the city's new business park. Background On January 17, 2022, Decklan Group, on behalf of GATR Truck Center, submitted a Letter of Interest (LOI) for the purchase of 6.875 acres of land in the planned city owned business park adjacent to their current operation. The LOI was reviewed by the City Council during a closed session on January 18, 2021, and Council decided that they were not in a position to sell the land to GATR at this time. Development of larger lots for manufacturing and other industrial uses had long been a Council goal and they would like to market the entire 27 acres to those users. The applicant asked for a work session with Council to review their proposal and the importance of sale for the growth of their business. A narrative, submitted by the applicant, along with a location map is attached. Should the Council wish to re -visit the land sale, a closed session will be scheduled for February 22, 2022, to revisit the LOI submitted on January 17. Financial Impact The city is funding development of the business park at a cost of approximately $2.4 million. Sale of the land will reimburse the city for development costs. Mission/Policy/Goal ■ Support the growth and development of the city. Attachments Applicant's Narrative Aerial Overlay The Elk River Vision A n elcoming community with revolutionary and spirited resourcefulness, exceptional service, and community engagement that encourages and inspires prosperity. PR�ERER Ri [NATURE Updated. August 2020