5.0. EDSR 07-26-1993 ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY
411
TO: ECONOMIC DEVELOPMENT AUTHORITY
FROM: WILLIAM RUBIN, ECONOMIC DEVELOPMENT COORDINATO,\I
DATE: JULY 22, 1993 (// ``��
SUBJECT: ADDENDUM TO JULY 27, 1993 EDA MEETING;
PRESENTATION AND PROPOSAL TO PROSPECT
INTRODUCTION
At its July 27 meeting, EDA Commissioners will be asked to add
Item 5 .a, "Discuss Presentation to an Industrial Prospect" to
its agenda.
BACKGROUND
At its July 12 meeting, EDA Commissioners reviewed the monthly
Prospect Status Report. Item #1 under previously listed
prospects, included an update on a metropolitan manufacturer
that seeks a 20+ acre parcel for the construction of a 100,000
to 120,000 square foot facility that is expandable to as much
as 200,000 square feet. This prospect was previously listed in
• the February, 1993 update.
I wish to advise EDA Commissioners that the writer of this memo
attended an on site meeting with the prospect on July 14 . This
writer came away very impressed with the company, its
personnel, and its expansion plan. The company manufactures
external air conditioners, heat exchangers, and filter fan
packages for electronic instruments. It currently employs 140
persons, of which 25% are administrative, engineers,
programmers, and clerical support. Although the company
operates out of 62,000 square foot facility, its expansion plan
is to construct at least a 100,000 to 120,000 square foot
facility with its initial expansion project. Company personnel
indicate that the facility would likely be constructed with
precast panels and a double stacked office accented with smoked
glass and steel . The company is currently using a recent
construction project near it as a "model" for its project.
Subsequent discussions with the company contact and the
commercial real estate agent indicate that Elk River is the
company' s first choice among its location options. The company
has driven around the community, previewed potential sites, and
now wishes to begin exploring details and specifics on the
community and the sites. As a result, civic and opinion
leaders from the community have been invited to make a
• presentation to company personnel and its Board of Directors .
This presentation is scheduled for August 10, 1993, from 2 p.m.
to 4 p.m.
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
0 Staff will begin the preparation of a proposal for
consideration by the company. In addition, it is appropriate
to begin considering who is will be part of the presentation
team.
Likely candidates includes
- City Councilmember
- EDA Commissioner
- Representative from Financial Community
- Utility Commissioner
- City Engineer
- Representative from Manufacturing Sector.
I wish to make the following suggestions:
- Honorable Mayor Henry A. Duitsman, or
- Councilmember John Dietz
- EDA Commissioner Pat Dwyer or Jeff Gongoll
- Jim Simpson (representing lender and Utilities)
- Brian Moran (Alltool Manufacturing) , or
- Ed Cunnington (Tescom Corporation) , or
- Phil Martin (United Power Association)
- Other
• ACTION REQUESTED
Following a discussion on this matter, EDA Commissioners and
the City Council will be asked to designate certain members of
the greater Elk River community to attend a presentation on
August 10, 1993, with an industrial prospect.
RECOMMENDATION
I recommend that the above-referenced persons be designated as
part of the presentation team.