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3.4. SR 06-29-1998 rC! ---\) ( ~ Lity of ~ Ell{ **Item 3.4.** MEMORANDUM TO: Mayor & City Council ~ROM: Paul T. Steinman, Director of Economic Development DATE: June 23, 1998 SUBJECT: SAC/WAC Calculation Method - Hotels and Motels Staff has had several discussions over the past two months with a developer proposing a hotel project in Elk River. The developer indicated from the onset that a hotel project of this type will not become a reality in Elk River under the current SAC/W AC calculation method. It is staffs understanding that the Council has previously generally discussed that an adjustment might be made which will allow for a reduction in the cost of these services to a hotel developer. With this in mind, staff has determined that a more appropriate calculation method for hotels and motels which will lower these SAC/W AC charges by 50 percent. The ordinance currently calculates that one SAC and one WAC is to be paid per unit. Staffs discussion has been that it would be appropriate to reduce this calculation method to .5 SAC and .5 WAC per unit. On the proposed hotel project, this would mean a reduction in SAC/W AC fees to the developer from approximately $210,000 to $105,000. The developer is planning to submit information on June 29, 1998, for the Planning Commission agenda, to proceed with this project should the Council authorize staff to complete an ordinance change allowing for the change in the calculation method as discussed. From an economic development perspective, west business park prospects have consistently inquired about locally available "Class A!' hotel facilities for company clients and overseas visitors. One specific prospect is currently waiting to see if a hotel project is going to proceed within the next several months in the city of Elk River. This prospect is putting a lot of emphasis on the need for newer hotel facilities to accommodate clients and visitors to its facility. 13065 Orono Parkway. P.O. Box 490. Elk River, MN 55330 · TDD & Phone: (612) 441-7420 · Fax: (612) 441-7425 Recommendation Staff recommends the Council authorize staff to proceed with an ordinance change to reduce the SACIW AC calculation method for hotel uses from one SACIW AC per unit to .5 SACIW AC per unit. If there are any comments or questions please call me at 441-4905 as I am unable to attend the June 29 Council meeting.