8. EDSR 12-12-2011ITEM 8.
MEMORANDUM
TO: Economic Development Authority
FROM: Annie Deckert, Director of Economic Development
DATE: December 12, 2011
SUBJECT: Crystal Distributions Inc. update
At their October 10`h EDA meeting, the EDA discussed proposed expansion fox Crystal
Distribution Inc. (CDI), located in Northstar Business Paxk. CDI expressed their desire fox
a potential lot split because their expansion did not require the entire parcel. Splitting the lot
would leave the northern portion of the lot inaccessible. In addition, sewer and water
service would need to be made available to the remainder of the parcel.
At their October EDA meeting, the EDA directed staff to work together to come up with a
proposed site plan acceptable by both CDI and the city. In addition, the EDA directed staff
to obtain appraisals on the property in its entirety, and the two separate parcels should the
lot be split. This is to determine the market value and the marketability of the northern
portion of the parcel should the lot be split.
Staff has been working with CDI on their site plan and believes to have devised an
acceptable plan by both parties. Staff obtained quotes and is working with the appraiser to
complete the appraisals. These appraisals take roughly 3-4 weeks to complete.
CDI is a highly valued quality employer and growing manufacturer in the City of Elk River.
It is in the City's best interest to retain CDI and assist in their growth and success in Elk
River.
CDI Staff is anticipating bringing this information back to the F.DA at its January meeting.