11.0. EDSR 02-14-1994 ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY
M MORANDUM
•
TO: ECONOMIC DEVELOPMENT AUTHORITY
FROM: WILLIAM RUBIN, ECONOMIC
DEVELOPMENT COORDINATO I� -
DATE: FEBRUARY 8, 1994 �''
SUBJECT: PROSPECT STATUS REPORT
INTRODUCTION
The following is a summary of new industrial and commercial prospects that have
expressed an interest in locating in the City of Elk River since the last EDA meeting.
NEW PROSPECTS
1. Smith Office Redevelopment
A recent meeting was held with Mr. Jeny and Tim Smith regarding an office
redevelopment project proposed at east Main Street and Freeport Avenue. This
project would result in the relocation of Century 21 White Dove into the new
office. This project requires the demolition or removal of an existing home, site
preparation, and on site utility extensions. An inquiry was made as to the
availability of City-HRA assistance with this project.
2. Foremost
This is a New Hope-based sheet metal fabricator with approximately 25
employees. The company seeks an expansion site for the construction of a new
30,000 square foot facility. An employee, who is also a resident of Elk River,
suggested that the principals contact the City regarding available sites and
financing programs. This information was made available and a followup meeting
was scheduled.
3. Attorney Inquiry
An attorney with the law firm of Doherty, Rumble and Butler called on behalf of a
client who seeks information from greater metro area communities regarding
vacant sites and expansion programs.
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4. Chamber Inquires
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
iStaff worked in conjunction with the Area Chamber of Commerce regarding two
inquiries for available office space plus a third inquiry regarding an available
commercial site for a fianchise restaurant that is new to this area.
5. Startup Manufacturing Company
Contact was made with a Ham Lake resident who is in the startup phase of a
manufacturing company which deals with plastic and sheet metal operations.
6. Startup Manufacturing Company II
Several brothers from the metro area are interested in a start-up business which
would be designated as a minority owned vendor for FMC and Martin Marietta.
This inquiry desired approximately 15,000 square feet of existing space.
Additional information was provided regarding financing programs.
7. Jim Rossman Homestead Mortgage
Mr. Jim Rossman, whose residence is at 406 Main Street, is pursuing a lot split to
create a second parcel- suitable for the construction of a 1,000 square foot office
building. This building would be owned by Mr. Rossman and his wife and would
be leased to Homestead Mortgage. The finished market value of this expansion is
approximately$100,000.
PREVIOUSLY LISTED PROSPECTS
1. Morrell Transfer/Brad Larson Redevelopment Proposal
Work continues on the potential redevelopment of the existing Morrell Transfer
site at School Street and Jackson Avenue. Assuming an acceptable site can be
found for Mr. Morrell, the developer is proposing the construction of market rate
apartments on this site. Mr. Morrell already owns a 22 acre site at 171st Avenue
and Highway 169. He desires an alternative to this site so as to improve truck
maneuvers at the Highway 10 and 169 intersection.
2. John Weicht - IR. Tech Automotive Partnership
John Weicht is working with the proprietor of IR_ Tech Automotive regarding a
potential partnership involving the construction of a commercial building. Part of
the new facility would house J.R. Tech Automotive and the balance of the facility
would be rented to one or more national credit tennants involved in the automotive
business. Staff understands that Mr. Weicht and Mr. Rogness are attempting to
• locate this facility on the Darkenwald property just north of the Pizza Huta