5.1. EDSR 12-13-2004 Item # 5.1.
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City of
Elk -�-1
River
MEMORANDUM
TO: Economic Development Authority
FROM: Heidi Steinmetz, Assistant Director of Economic Development
DATE: December 13, 2004
SUBJECT: NAIOP Survey Summary
Attachments
• NAIOP Survey Results of Elk River& It's Key Competitors
o Processing Time
o Fees
Background
A development survey was recently completed by the MN chapter of the National
Association of Industrial and Office Properties (NAIOP). The survey included 78 Twin
Cities communities including Elk River. The results indicate the variations among cities in
processing times and fees. The survey was based on a 50,000 SF office/warehouse building
on 4.1 acres of land that would need to be rezoned from residential purposes to commercial.
Issue
Staff prepared the attached comparison of the variation in processing times and fees
between Elk River and its key competitor communities.
Summary
The survey results indicate the City's processing time and fees for an average development
project is similar to its key competitors.
The processing time for a City of Elk River industrial development project relates to a
streamlined process that the City developed in 2001. When an industrial prospect is
identified, staff initiates an Industrial Siting Team meeting. Siting Team members are
composed of key city staff representing each City department that eventually works with the
industrial prospect. Each member provides upfront input that assists staff in identifying any
future "roadblocks" that may occur in the project. The purpose is to provide the prospect
with a high level of customer service.
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