12.0. EDSR 03-08-1993 CONrID 'IAL ITEM 12
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TO: ECONOMIC DEVELOPMENT AUTHORITY
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FROM: WILLIAM RUBIN, ED COORDINATO�IIv
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DATE: MARCH 4, 1993
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. INDY LUBE - This is an Indiana-based 10-minute oil
change business. The company has tentatively identified
less than ten Minnesota cities, including Elk River, for a
potential expansion program. Other Minnesota cities
include Austin, Rochester, Brainerd, and Owatonna. Staff
provided Indy Lube with information on the community as
well as financing programs that may be available here.
2 . SHOPKO PLANNING AND RESEARCH INQUIRY - The Chamber and
City jointly responded to an inquiry from Shopko' s
110 planning and research department library. The Research
Librarian requested information on major employers, major
retailers, locations, community profile, hotel/motel
listing, etc. This name has been added to our list for
future mailings, and, the City had been in contact with
one of Shopko's real estate representatives.
3. BATTING CAGES - Staff is in receipt of a request for
10,000 to 12,000 square feet of available industrial space
for a proposed batting cage operation. The inquiry was
directed to the Alltool Manufacturing Company, owner of a
20,000 square foot vacant building in the Elk River
Industrial Park.
4 . RESTAURANT INQUIRY - Staff responded to an inquiry from
a resident who seeks to open a Chicago-style Italian
restaurant in the community. The caller specifically
referenced the EDA Main Street site as a potential site to
develop along with other uses, or, to simply lease space
if another developer of the site could be identified.
PREVIOUS PROSPECTS
1. PERF-FORM PRODUCTS, INC. - Staff worked with this
company in identifying a vacant lot in the McChesney
Industrial Park. At the March 1, 1993, City Council
• meeting, the City Council agreed to the concept of using a
TIF grant from Districts No. 1 and No. 3 to reimburse the
Company for certain "eligible expenditures" that are
720 Dodge Avenue N.W., Elk River, Minnesota 55330 (612) 441-7420
authorized under Minnesota Statutes. Generally, these
costs will be limited to site preparation costs and
on-site and off-site utility extension costs . The filing
of a TIF application is expected in the very near future.
2 . MEDIAL CLINIC - No additional information is available
on the Anoka/Coon Rapids Medical Group which sought a
three to five acre parcel for a medical clinic.
3 . WOODSMEN QUALITY PRODUCTS - This is a woodworking
company that is owned by Felix and Jean Eggert of Elk
River. EDA Commissioners will recall that the Company
considered a relocation from Maple Grove to Elk River last
spring. The Company is again revisiting this project and
staff is working with the Company to evaluate potential
sites.
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