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12.0. EDSR 01-10-1994 ! -�0 . ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY 411 TO: ECONOMIC DEVELOPMENT AUTHORITY FROM: WILLIAM RUBIN, ED COORDINATO DATE: JANUARY 5, 1994 SUBJECT: PROSPECT STATUS REPORT 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 . JR Tech Automotive - Jim Rogness, owner of JR Tech Automotive, 16501 Highway 10, has inquired about the availability of vacant sites in the one to one and one half acre range. He seeks to construct a new 6,300 square foot automotive repair facility in Elk River. This type of use is allowed in a C-3, Highway Commercial zoning district by way of a conditional use permit. Staff has also discussed revising the I-i, Light Industrial standards to allow this type of use in that district, subject to a conditional use permit, too. EDA Commissioners will recall that Mr. Rogness requested an EDA micro loan in the early 1990 's to convert the former E & 0 Tool and Plastics building into an automotive repair shop. Mr. Rogness is currently a tenant in a building along Highway 10 and the building has been listed for sale. Mr. Rogness does not believe he can agree to terms with the building' s owner. 2 . Photographic Specialty Products Staff has been in contact with a Golden Valley-based photographic specialty products company which occupies approximately 10,000 square feet in leased space. The company desires to expand and relocate its operations and an employee of the company (who is also an Elk River resident) has inquired about sites and financing programs in the community. 3 . Acucraft, Inc. Acucraft is a Big Lake-based company which manufactures fireplace units as well as a cordless engine heater. Due to company growth, it seeks a 10,000 square foot building - preferably an existing building. 0 The company also desires information about various financing programs in Elk River. P.O.Box490 • 13065 Orono Parkway• ElkRiver, MN 55330-1743 • (612) 441-7420 • Fax: (612) 441-7425 Equal Opportunity Housing and Equal Opportunity Employment - Cities-based residential Inquiry A Twin 4 . Restaurant Inq �. y developer, familiar with the Elk River area, has inquired about sites for the purpose of siting a first class restaurant in Elk River. Although this developer is not in the restaurant business, he believes he can identify a restaurateur who can see the benefits of such a restaurant in the community. 411