9.3. SR 12-16-2013 City of
Elk - Request for Action
River O.
To Item Number
Mayor and City Council 9.3
Agenda Section Meeting Date Prepared by
Work Session December 16, 2013 Jeremy Barnhart,Deputy Director, CODD
Item Description Reviewed by
Nature's Edge Business Center Phase II ustin Femrite, P.E., City Engineer
Reviewed by
Cal Portner, City Administrator
Action Requested
Review preliminary layout and cost estimates associated with Phase II of Natures Edge Business Center.
Background/Discussion
Phase II of the Natures Edge Business Center was originally anticipated for construction in 2017, five
years after Phase I, reflecting the slow economy and the absorption of the three lots of Phase I and other
vacant lots within the community.
Since then, one lot has been sold,to Preferred Powder Coating. A cursory review of the available,
shovel-ready lots for industrial uses returns less than 12 lots, none of which are larger than 15 acres.
Increasing interest in available sites for business has caused staff to analyze options for new industrial
lots. Further,most interested companies do not wish to wait the 2 years necessary before roads and
utilities are ready to serve a desired site.
As a result, staff believes that Phase II should be pursued earlier than 2017. The city engineer has
reviewed the costs and site plan for the development of Phase II Nature's Edge Business Center. Staff
anticipates funding of this project from several sources,including state grants. The Capital Improvement
Plan (CIP) worksheet reflects these anticipated sources.
Financial Impact
N/A
Attachments
• Draft Phase II site map
• Draft CIP worksheet
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NATURES EDGE BUSINESS CENTER 2ND ADDITION
City of
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l�lver 200 0 200 400
_ SCALE IN FEET
Scale: 1 INCH = 400 FEET
Capital Improvement Plan 2014 /hr, 2018
Department Infrastructure Improvements
City of Elk River, Minnesota Contact Engineer
Type Infrastructure
Project# II-41 Useful Life 20 years
Project Narne Phase II Natures Edge Business Center category Unassigned
Priority n/a
Description
Design and construct public improvements to develop phase II ofthe Nature's Edge Business Center.
Justification
To provide larger light industrial/commercial lots to meet the increased demand requested by business relocating and/or expanding, The city has
experienced an increase in the number of business inquiries requiring larger foot print that can handle truck traffic,and manufacturing and
warehousing types of facilities with utilities already stubbed in.
Expenditures 2014 2015 2016 2017 2018 Total
Design/Construction 1,300,000 1,300,000
Total 1,300,000 1,300,000
Funding Sources 2014 2015 2016 2017 2018 Total
City Development Fund 100,000 100,000
Economic Development Author 300,000 300,000
State grants 500,000 500,000
Trunk Utility Fund 400,000 400,000
Total 1,300,000 1,300,000
2014-2018 CAPITAL IMPROV F,IIEN°T'PLAN Page I