7.0. EDSR 09-08-1997 ITEM #7
o py
• ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY
MEMORANDUM
TO: Economic Development Authority
2r.." ___FROM: Paul T. Steinman, Director of Economic
Development
DATE: December 31, 1996
SUBJECT: Strategic Planning
I. PURPOSE OF MEMO
The purpose of this memo is to describe the process and activities
which will be undertaken at the EDA meeting on January 6th
regarding the industrial base action plan for strategic planning.
II. OVERVIEW
The Strategic Planning Task Force, at its last meeting, attempted to
undertake the process of action planning on the first of four prioritized
strategic issues - Industrial Base. After some discussion by the Task
Force, it was determined that it would be appropriate for the EDA to
step into the strategic planning process and complete an action plan
for the industrial base issue. Such action plan, as directed by the Task
Force, is to include the following key component:
• expand the number of acres of land zoned I1/12 or Business
Park to approximately 300.
It may be necessary for the EDA to hold one more meeting in January
in order to complete its action planning tasks. The HRA will be
undertaking the process of action planning on the Downtown
Redevelopment strategic issue at its meeting on January 27th. The
Task Force will then be meeting on February 5th to pull the final pieces
of the strategic plan together.
• Staff will have available at this meeting the estimates for construction
of improvements in the western business park area. It is not
P.O. Box 490 • 13065 Orono Parkway • Elk River, MN 55330-1743 • (612) 441-7420 • Fax: (612) 441-7425
Equal Opportunity Housing and Equal Opportunity Employment
Strategic Plan Memo
December 31, 1996
Page 2
anticipated however, that a great deal of discussion will occur
regarding the cost implications of the potential purchase of business
park properties. As staff has indicated, the purpose of this meeting is
to map out specific areas where industrial opportunities can occur, and
proceed with action planning which will likely include rezoning and
other processes in order to accommodate industrial development in
these areas. Other implementation steps will include negotiation of
joint development and marketing agreements, and a financial analysis
of business park property including cost to purchase, improve, etc.
This information will then be brought back before the EDA and City
Council to be used to address the question of whether to pursue the
purchase of property in the business park area.
III. PRIMARY ISSUES TO CONSIDER
The EDA has the following primary issues to consider for discussion at
this time:
• What are the criteria to be used to identify appropriate
industrial sites?
The criteria which staff has used to identify options for
industrial sites include the following:
- utility availability - present (0-1 year) and future (1-5
years)
- current zoning/land use
- surrounding land uses
— market potential
- transportation/access
- topography
— soil conditions (i.e. wetlands)
For the purposes of this exercise, ownership of these possible
industrial sites was not considered to be an appropriate
criteria.
• What are the industrial sites which staff has
identified?
Staff has included in your packet a zoning map with the
identified Urban Service Boundary (USB) and proposed
410 transportation corridor connecting County Road 13, 12, and
Highway 10. (If not attached to this memo, copies will be
Strategic Plan Memo
December 31, 1996
Page 3
made available for viewingat the meeting.) This mapalso
g
identifies eight specific areas within the USB which may be
zoned appropriately to allow industrial development. These
areas are identified in orange on the enclosed zoning map.
The proposed transportation corridor connecting County
Roads 13, 12, and Highway 10, is integral to creating
industrial opportunities in areas 3, 5, 6, and 7.
In total,the eight areas identified as potential industrial
opportunities equal approximately 440 acres. Obviously, all
these areas are not immediately available for development.
However, areas 1, 2, and 4 could be made available as soon as
rezoning would occur. Those areas which are dependent upon
the transportation corridor being constructed may not be
available with utilities until the next one to five years. Two
major factors affecting construction of the transportation
corridor include the timing of the housing development on the
Waddy Schultz property, and also the commercial
development of the Earl Hohlen property. If these two
projects were to begin within the next year, it feasible the
transportation corridor could be constructed up to
approximately %2 mile south of County Road 12, allowing
areas 5 and 6 to be available for development.
• What is the recommended phasing approach?
Planning and Economic Development staff have discussed a
phasing concept which includes the following:
- Phase I (0-5 years) - current west business park
property including Areas 1, 2, & 4 and industrially
zoned areas outside the USB at intersection of
Highway 10 and Edison Street
- Phase II (3-7 years) - Areas 3, 5, & 6
- Phase III (7-10 years) -Areas 7 & 8
- Phase IV (15-25 years)- industrially zoned gravel
mining area
•
Strategic Plan Memo
December 31, 1996
Page 4
•
• What is a breakdown of the I1/12 and.BP zoned
properties?
Current:
Zoning Inside USB Outside USB
I1 698 acres 150 acres
I2 132 acres 484 acres
BP 233 acres 0 acres
Total 1,064 acres 634 acres
Of that which is currently zoned I1 and lies within the USB
B
approximately 250 acres is owned by Cargill.
Future (possible) within the USB, as indicated on the
attached zoning map:
Area 1 65 acres
Area 2 16 acres
Area 3 33 acres
• Area 4 8 acres
Area 5 25 acres
Area 6 18 acres
Area 7 85 acres
Area 8 190 teres
Total 440 acres
Excluding the mining excavation areas on north 169, the
following I1/12, or BP zoned properties are currently vacant or
in transition and available for industrial development with
some qualifications:
• 2 acres Elk River Industrial Park - immediately
available
• 100 acres Business Park - west - immediately available
or within a reasonable time period for a large
industrial user
• 15 acres Industrial Hardfacing Area - no services
available
• 20 acres Rail 10 Industrial Park - no services
available
• 50 acres Business Park - east - no services available
Strategic Plan Memo
December 31, 1996
Page 5
• 130 acres Southeast wa Hi h10 (Edison
Highway
Street/Highway 10) - no services planned
Of the approximately 317 total vacant/transitional acres, only
about 100 are available immediately or at least improvements
have been physically planned and are capable of serving the
area (Business Park - west) within a reasonable time period.
N. CONCLUSION
In conclusion, it is important to note that the attached zoning map
which identifies possible industrial opportunities is for discussion only
at this time. Recommendations from the EDA will go to the Strategic
Planning Task Force and be included as part of the overall strategic
plan which will, in its final form, be presented to the City Council.
Upon acceptance by the City Council, implementation will begin which
will, in this case, likely involve a number of zoning changes to
accommodate the industrial opportunities as discussed. If
Councilmembers on the EDA are not in favor of supporting certain
zoning changes as initiated by the EDA and Task Force, then those
issues should be brought out at this time for further discussion.
V. ATTACHMENTS
• Zoning map indicating options for industrial property and urban
service boundary
s:\eda\documents\memotemp
0 1) 4 5 o 1
(14400) ZEBULON
('
I
n ,` ,.
w
,,
—,- (14300) YANKTON 0\ R : ��•.0
• ��It e W , ���� •s "
XERXES s
/ Cr !) (14200) a M' t.Crim
VICTORIA �� - )!rill 'i
P
(14100) UNION IIIIL
. a /�1
M CMig
TROY ��. ■° i MO
(14000) aa�n _..l 'WW M ET ,# 5. i• 1 -----
SALEM '''',„,%;;',
..... -n -n f
RAWUNS XIII
t, "5." �i.
? (13900) QUEEN i1I O j, (
i i i n , t
(13800) PASCAL 4 ® 1 0
(13700) ,�a tl// Ailw °a ���■�fl ,I"�• AD
NAPLES �4����®i�■7�.® 4 y� ® 11'',M111 a 5 u
(13600) MACON a `��■+`�*���If,,v�i���l��®I�� �1, ► ��
Y
LANDER �� \ ... �.,11� °AIE711 t\‘a E. g 13500sa N a�vI!7w..sj C 1 .",U J ,t.... -� . ,,74111-4111111110--
KENT �� ill c'a °_Yn \vial. O
�. i r�a C :7s •M :n
JOPUN 19•M
.7•M 3161 rt-
it IT, it siitt—j—
13400 e� F . -C
•
( ) IRONTON �INNIS LI ii�li Ca k7limtf /� \I,, n
Iowa TC WO 13300) HUDSONmom t ♦ .;4,g• \' .i--7-7 .
(13300)
it- leg,♦ .+0,f as �, •.• IEM ■.®
GARY :v �� I) wA Q/MriilL'5F'L •��, 1
I do 41110.. olt,;.41LA6alii iiitt.
(13200) ►:r" .���vire�lrnmo
FRESNOWitill y+ .,. - ,.
iiiisei
t.
(13100) ELGIN O \ P4 01,*V� i 6g A 1 5 ' ,
�
DENVER , ,Y � x
(13000) CONCORD \� s+wy aarm g m -
BOSTON • L mal3av ' Q/(yN
(12900) ,� ��� of %•.'",' I 1�^�II'!l► P
fit. WM. ,...
... ALBANY f_ ��.`tI'k :' `edLil1�I' F' �4
(12800) zuM8RO E. o . _. ,.. .+��+ �..�•4
()1,0
�•
YORK V 1, :` � �ev1
(12700) XENIA ` , `�'r �, g �3i 4' �`.
11
WATSON I w "�N"f''. dila k
� '�. .r.
(12600) �o .: T, Q
VERNON 0 .�M� ` � wpAR�
•TES 411 9
(12500) UPLAND : r�'�a2L 7t. Fr..
nPTON e'•'AN ' i,.
O. (12400) �L� ,
SEYMOUR � ; r
4111 Z _ n c N
•
(12300) RUSH �`' 1 f,1 `' . �.
ZQUINN .` I /1! '•..
(12200) �� _ I�Mtp '�III'111
0
PROCTOR Iaaaf ��
' (12100) .� -- /' /•' ..
, . . / , \--------'4-..•
il
Mom ',, - q 1 ,
mi ..
- Ilk.
" . '
- -
431'AVII i Al'"11 ti'lji,:,' A
1 Atii .•,- 7. 01 01 , -- 4'44 ro -!..!
—
,'
,t, . r.i.:4 _ i !,
1 ..• , ,
-' '!, A
-N.
• ' '
••• kiwe...-$ , .1,-6,11 ,
1 It
...11-... kil/41111111 ' ,.
1
• . ii141,4N1 1 Aillidl%\ ..._, . ..
Ell M III LI Ai '4 ;
...,___
11
U •'t i a , Illur;7111111 .4.1 ..3
Iii
... 1
It.411 a lair 4,
' , ,,, 11P,'Ir liffli Illg
liiEle. 11 .. •,11,41*,
r ni 111'
- P*04/1111k ‘ -f / . tC.
NMI ' • ' ' ' 140 Neu .. i
IL`'Int* , itlk I „Av'• . ,,L 4114iiiiii„
.4Ittil • 1 n
t 4 1.1.—Vilaiii i --7,Ar 'Mil 3 1 3W-iti Q I g r&
: Itsr,4111'"va'ajki vAL*.E11,11 1,F°'siiie 1111,0110
Eill i *.41 -ILI "- -71r il 1 *tile i V, ,4. - liA , i 14 A : III
ittA,I.
smET ....).. 0341/4 11 eti .3 Wiffijj'al . . 3 e ,
1. T 1 ,-
11,,11,1 i;.. , ---Ill 11 - 01C Itiirli s -' '46 .,'"•'- '-- i 111114..i414Piall
I tit!''!.1,14•L 1141,4 NI rill - livir: INNI
mg it ail lli
r. . ...., werier4111 _
• tilts,..
• , el „,,_ ,..iii,... 1 IN LIIIIII6a - • l.
!!ti6I,-_,
.- . .,
Wilt.°Prj Pli"-- -I X . - .-• .<* ,, s'i
00111
.1111inms• - ------_--_...._-_
WOW,!uirr- -.1-4-•e1111111111
1W--...6,4 •0,..:1'' ,--P IIIN*`'' 72- IF• - -
1,4,1101.41,:I
_ ,-_,IgArlil : i.,119;giigegle214,,m till/
MM.i
'II\ - -la , ,01 111eS•litic.:or 711211SF:#.4411,1 tifq/1)111 i 011100. %Ili%ill* latiow,211111,1,
ISIPit11131111111:4;Y 1: :11;"47.‘t.w. lij --cam; IRIA. 1.....4 al_....-11... pv
'by 11.-vi -‘iilzfr-ailir, etwAT•P's =t't tvitic J liAlitb* -°. - '.,„41111. ,
tamgAig
isair ,1 _,513131, sm 4.1.4 t, 0•11,1,;04111017- . .-146,11.1-,. vr::1.. • .,. war moil 4...- .. • ! .
t'-
' Miiilb - V77171 Trir/L7 •-iiii iii E;=,i1 ,5,40 ',1-.°,-'''''''. -, 4'. A-z..,i , ail . . 1 1 - -
1r.r1 R. eiliiIIIIII ii, ,-.,..,..,,, 1-1.. . . **ecrip
110"11,N1121`'!' 3''`: IP4/111 °1111 :4 4!1 '''.. t
Es
....
r' 41,711-"ha ig-r4.7 RILIP1111.11.1111.111,1141 211 ..C., ',.-',, ..:7;i•.! A, -.1,1%.:rj:17... ...,..;:1-•111:69 '‘Iip:-' ----1-jthb14,,,, ,.', „,,„ ,:-.. ,,, ,.,., .
, .
- 111USIta
..„-'00 v 10 MI WV. Welll
. 1 ",W I - — .
, .
‘ ' 1
401
°4114 4 EIIIIIIIII
1
114.1.44 .4 agEMPRII III p m . .
c moat NiF4itiwil .-
4&. -i-,, , .. , wrieructivengtazclancir492 IN11111141,*ii-INI .e.
, scrra;31winisa 1114311E1161111mis 1118111014iiid Illanuir
vir
" ' INI Ilir ' Elk
a , , • A 11111041 il ; - IIII161,041.:1411Pr I
1 1 CI ...al # *1' .11111.1111111111,e,r ,,i _1111% Milli(
I 1
I INFINI r, "U..
I , 6 . ellIWAIRMILVIr•TIPI
1 , , • 1, 1, 4
% 11
I 1 1
,----- I
:I, .....
•.ii..i.,"i II iAlii 0 m , 1 ; 1
1%4. ‘.• ,iwyr.,4-; , , , , , ; .
, 1
____.
,-.
• , 1 - .
i .pieirrin'rel69111. ' 3 ' i _ • *. "4 .
Mai '3 —
all 111.211 "lir" taalow autPi
im. ° L
ksit IAN ilk- . AV Rik . . '<s% 'X laIrkiaTP„41;;; EH
....smvro!mt ifv-A7 soivifilitryik ,4,0; <nr, E.74k,:'451.1 , Rio in k
4 I"' WP 4.44, ' ''. ."0 ' - ' '.' Iri', i.i`I.:0T14 - 1 ../ .
Ik°1)1,4;11V .ALS1416ASII'mgn71 ':11/4 'kZ41111. IT r4auttitt.t4g145 sou , - ilium
-via; •vj,.. , dr, •impliffp. ----
..'Ell111/ - A
cr. IP%
r loN• ' * A -,1,16,4, ,'. ti,:''' ., la Oil
-; 114.410 -1:i.'hic,'-- B.' ,,,s,, . po,„:40,431L E Fd it 101;"ii •
. *
/1$0°W #K,
' * -i
..,,.. -st. 2g-Ii/ la ''''110-• Tal t V., **4'vA4P• "'
• . 0 ma A 4f.•..--el itiv.40
-,,,. _•., „„,,,.,,,, ... • ,,i ell-,3 4P All-,41 eyA
ir.2110 4 rfi,m,1-,ffii6Ild. 1,,,1140:.7;4,1 7.16,,,4..44,111117$77 ik_411.vittlirielittkvNA _L_ ____ Fi
R3 .Ipill' FINTIIR,IPIIIV Wm \:',,\,\.V IstificA it•ftatieS4' it Emig :id
atIN 10"Ear -"- s,, , i. :VII,e• p.m tilt .):, A!:Am ...m.
' ' Ric ,, F.404,,, , _. • ` '
- , w .441 mi ik....,liliMa. . ,%klettfiiiiir as i A __
•• ei—"---' • ;•'•• IIIIII C. Fifier Am ',It, -
_ .
, LIM
11i;11! w-c 4\''' '221"244111111111 rilliqiiMil C
1 \‘"II IIIPP Phil "P114
. . A M din 111 .
"111'1' En\,,, vii,.,..,azi gm
Immillifiliira, r,.p.._ :,=,„,,,g„.r.vii.,.,„.1 ,, ,,, „„,,g,„„..i. . i VI;ow., :::,:_,,_,,,..,,,,. __ _,,:, ..... ,_._ . .
i •IVER T' .4"111tbgirZliiriiii Ir 111
.IN
LIONS . r,rt, 1.266,m,avritilgt'.. 1 '‘.••..67-:-„,le.,(".6•9.---,;..,.
,', ' -.' - Iiivuos, -:-.:.1°.`a ,1110 , iii•ea:-,ir'kZ4?..71; 1
73,1r1 iatAtiir61131:%rA, Rut, .''„ aktr-71 fr -,,•;04, ,
.....i....,:ir,;_.„...1,..5.....;„.,...,4 „ItAz, "t liarpmadr. ,r -'.!$?AL_ 4 III
.-. 1:77-..„:r, , mg Er.Insti4will...74,.1, iiiiimaj .'u-v.t4 1,:m.,
NIIIIIIIIIP.:.
. 5..,... la.1.66.111 i P A 1, s.4•-•'. 1:1;i.,,,i tr AllisiW
.../mm.M1 kk AC • ' _4.4
IIPIO _ -•'.-•- -.... _ ,-
•
[
-p,,, ,,,,,Tit Vaillir Ric
ujj imr am= sh, N.- — • liOilrcL4- 4 iL".
,
T0
L.,. •%__ ,\ • i go..—
NIF/Inn ''' • ' *irt 7
e".1 I 1111111"az Ilk 141-1F4111110.: '271 F114,4!gam I. id ta AREA 3
..li IF rittil.,••,.•• ...,,,,,.. .4 n‘ I.--•-•.:`:'
4:711/1711;11111±1#1;11:771bor' 1.1.171:117.14/1/4'4,,,w1';',.4111iiiii.11111PO011-1•11.
'ii, ',-,_.4-i-, 4270riw„... rklaczo A"-* .•,...'ti MI: NUL! -40.:61s 0 k , , ,„k,,- N
* • '1=11±"11.7,101-, , ,
,....„,,
1 --- -": .1:Fir "="3M101111111111 ,k*V om temik: --,
Az of- I ,k.,• ,4101 :tr--_ . , ‘,. ,
r#•,::-, 14:,
Ia
: il$
AREA 4 .
, 4....
T,
'• PUD ,
, 1
NF o ....,
\ * .. 'w
's,-..(.11) g
1
k vi, ; . ..,...s. ‘,.
____ _ ,
4, a EA 6
. 0
—
AREA S 4.
..,. 'F.' 7/•,A,•, ,
MAWR'S
g g A 0 2 § 176TH \
Si_IV, 110,e. i‘i‘..<4•,. Rie a
kIMS1.1
z 4 1'•1
•-'' Si, ‘\‘,.1.,Aity.,,a .T • 7„,
. . ...ralli AVIIIE
Z
re -."1111111111P' (1111.111MP.'1. al . .
) 8 § § § _ ••
1 Fl 06 -
•:, :-... .-...-. :-: Z--- Iii
--- AREA 7 ,„,D
I, • .
P 173RD \ ih......'
'V. -
.. ciD
Z.:. rillr___.aihvilk
• 172ND , 1171111 .
K' illin:'
171ST ‘ um " -
,.,
. 1 - ,
.
11 .1
.
g •
s 1. w,•
1 •.,
gj 170TH
q =mew'''. . \10
3 MAP
EMI rya •., •
istrni I air, 11 ow _ _ .,.
T '
8 h
PINE
172ND,_
1111 �r.
'1r
17oTH 1 iiiiiiiiAli. 1
�y
All ''-
169TH m M't1' 1
1
61r1
.. 1i n
168TH „iii 1;3Ea•a•si•
=grif •.
e
167TH _..
t. 1 Jnr
fN 1,,- 1 00
166TH �I
165Th ———a—__ . ..,
164TH , $
.. 0,...s
1p1,,,
er 163RD y
1
i_D
AREA 8 1 ., .;
' 1 R., Gs
1 Z 0160Th 1��=I: I/ 1.11Q1$.4
��y �1 iy// r+
H
Z �� 4Q. 1 // Q a
15co 1 9TH - ..III ����
A
7' Rla
1 ,
8 A 15711t'' t--' Q1a 1
, hit
8 b 156Th a` 1
4 1
.f;'-',,,,-„, S' p 155TH
` 1s41H
;OTA 55108
s614— *.� r ,"."� }`" �y..'^ .:•':y, ' Yeu.,�'�,� : '
:,!,..7.-
s! r`.d•;:-.rd�'� a •za.., S
152ND
t74111*'
y
ry
.�.
x89 , :,,,4,...,--,,‘,,g'.
aYY r8 a Ft + tfN`} a � � ;,\� q � 1i � ` W §i & 3s!;�a �v •� ; ' l
� ' .F4 a '� 1, .' -.',-,'-f,',..,i-,,,ti,, -., ,. .4-:;'4.7,1.. :v'��sqp+ ,Y` x%' e"{ y kr } ",1-'1;','''
e : s" 1:-',..:''1'.7t- ,cti, Wt � ; , ,. .,1,-' ... ' [' ° &3u .^+.� :tedv, ;. rs '''''''''''''.1� . 6k. "� - ,, ia",, tt „,,,,,..4.,:,:;,,,,..,,,,
y,egvk H uL+ i ,2.,,,,,,,,,,,,0*-„ M ” 4 „t .
4.
-
'k �w y { ', 4,,. �^rvy u . ", 1 s8 ,:y,”'g �, 4: '.,' 1 ''',:e7-.,it' t' < '2,1!_ yam,"� ,„,,,'-':'...,,,,,e,;-`:,
�y �- ,'s ��+'x #'L+ i% r,k ?#. t i1t,x sx s'�” 'xxv ,T ,..',44-4.;,•.•,-. f, s Ti ''> ° �n s+fi L x ` ''' F€ €P ' p:` ,. r••• �',�'+� ,tvk ‘•'-..:'''';,':,',,Z,..',.,•:4"'''''''''''''''',
x55s d, i `i '.-;'''''.-.:.:'''''''-'t:4'.,....4.';'-''61.1';'-'
ke _ 4.' . 5 ‘''''1:':,1',14,;,„'t,-1.';,1-4'4''''
': fd F ax , ',t4�9R � ' t .. 'e: � ai :'t1ks,, 1;i y, h ' r f <.a ' ` s?
•
City of Elk River
Artr 34212E,7
Economic
Development
Strategic Plan
• Adopted by City Council action on May 19, 1997
Major Issues and Goals
• Industrial Base
• Attract new businesses to increase the
city's industrial base
• Business Retention and Growth
• • Retain and grow the city's existing
business/industry
• East Hwy. 10
Development/Redevelopment
• Redevelop the East Hwy. 10 corridor
• Downtown Redevelopment
• Attract reinvestment in the Elk River Central
Business District
S
Priority # 1
Industrial Base
• Attract new businesses to increase the city's industrial
base
•► Phase I - West Elk River Business Park
✓ Modify zoning north of County Road 30 in the West Business Park
from R1C to BP
✓ Update/maintain an inventory of property owners in the West
Business Park
✓ Outline the parameters of a "Joint Development Agreement" for
• West Business Park property owners which will address
assessment issues, land prices, and cooperative marketing of
properties to encourage development of those properties
✓ Negotiate land prices in the West Business Park and research
funding options for potential city purchase
✓ City Council and EDA to determine whether to proceed with a Joint
Development Agreement or city purchase of property - show
financial options
✓ Enter into a Joint Development Agreement or complete acquisition
of the subject properties
✓ Complete conceptual platting of properties for use as a marketing
tool
✓ Modify current marketing and advertising program to include
additional properties
✓ Market the properties to industrial users
•
S
Industrial Base - Continued
Afrftrn
* Phase II - Industrial areas east along the newly proposed
transportation corridor and County Roads 12/13, east Highway
10, north Highway 169, and other parcels
✓ Accept a concept proposal for a new transportation corridor
between County Roads 12 and 13 proceeding south to connect
with Highway 10
✓ Identify appropriate industrial sites along this new transportation
corridor
/ Identify appropriate industrial sites in other areas lying within the
. Urban Service Boundary
/ Identify appropriate industrial sites lying outside the Urban Service
Boundary along east Highway 10
/ Undertake rezoning of these industrial sites
✓ Establish a timetable for construction of the proposed
transportation corridor and other public improvements in this area
✓ Complete an inventory of property owners within the newly
identified industrial areas
✓ Outline the parameters of a "Joint Development Agreement" with
these property owners which will address assessment issues, land
prices, and cooperative marketing of properties to encourage
industrial development
✓ Negotiate land prices and research funding options for potential city
purchase
✓ City Council and EDA to determine whether to proceed with a Joint
Development Agreement or city purchase of properties
✓ Complete conceptual platting of properties for use as a marketing
tool
✓ Modify current marketing and advertising program to include these
• newly identified industrial areas
✓ Market the properties to industrial users
•
Industrial Base - Continued
•► Phase III - Other Industrial Areas - Gravel Mining Site
✓ Identify appropriate industrial sites/areas currently being mined
✓ Modify underlying land use if determined appropriate in anticipation
of future rezoning to Industrial or Business Park
✓ Work with property owners to establish a timetable for availability of
these industrial sites
✓ Work with property owners to encourage consistent and planned
availability of these industrial sites over the next 7-15 year period
•
•
•
Industrial Base - Continued
E
♦ Programs and Incentives
✓ Support the use of Tax Increment Financing (TIF) as a tool to retain
and attract industrial businesses
✓ Modify the TIF policy to allow maximum flexibility and to guide the
city's appropriate use of this tool
✓ Support Sherburne County's effort to establish a revolving loan
fund, and other resources, for economic development
✓ Encourage Elk River Municipal Utilities to establish a dedicated
revolving loan fund for economic development and to provide a
• competitive incentive electric rate for qualified industrial businesses
✓ Modify the Micro Loan policy to allow maximum flexibility for use as
an incentive to encourage industrial business growth
✓ Research opportunities for using the Internet to identify industrial
prospects
✓ Update the community profile and demographic information
annually
✓ Maintain an inventory of available buildings for manufacturing and
other industrial users
✓ Plan and coordinate a marketing event for industrial realtors and
brokers, developers, and prospects
✓ Establish a policy to guide the use of the city's development fund in
a manner which will support the growth of the city's industrial and
business base
✓ Work with local banks to establish a cooperative public/private
economic development financing program
•