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4.2. SR 11-08-2004 Item 4.2. MEMORANDUM DATE: Mayor & City Council Economic Development Authority Catherine Mehelich, Director of Economic Developmen~ November 8, 2004 TO: FROM: SUBJECT: Business/Industrial Park Land Discussion Attachments . City-owned Cargill Land - Concept Option . EDA-owned Brown Land - Concept Option . Economic Development Strategic Plan 2004-2007 Group Work Session Notes, Industrial Development, May 2004. Issue For the past 2 years the EDA has directed staff to work with the private landowners before considering development of city-owned sites. Over the past 6 months staff has received a number of inquires for the City-owned Cargill land and the EDA-owned Brown land. Staff requests the EDA and Council's discussion regarding its sites and development options and provide staff policy direction in how we may proceed. Background The City's goal is to be "the light industrial hub of the northwest metro". This mission was adopted by the EDA and part of the Strategic Industrial Marketing Plan. The purpose of the goal being: . To increase the city's furure property tax base thus reducing future increases in property taxes on current residents. . To create quality job opporrunities for current and future residents. . To create an increased customer base for retail business. Over the past 3 years staff has experienced two primary barriers to successfully recruiting light industrial development in Elk River. The two barriers are: . Availability of development-ready sites . Land costs Business/Industrial Park Land Discussion Joint EDA & City Council Meeting November 8, 2004 Page 2 of2 In 2003, the EDA directed staff to work with Ehlers & Associates to analyze the cost barrier and to discuss with the private landowners an opportunity to participate in a comprehensive marketing strategy with the city to attract light industrial users. The strategy would be designed to put all land in the city on a level playing field and yet be competitive within the market. A draft agreement for joint marketing and development was provided to landowners in July. As of date staff has not received comments from the landowners regarding the draft agreement. In addition the EDA Marketing Committee reviewed the barriers and the Ehlers analysis and recommended that the EDA consider opening a phase of its property for industrial development. Most recently Industrial Development was discussed at the Economic Development Strategic Planning work sessions. The attached Group Work Session Notes summarizes the industrial development discussion. One of the strategies was to consider using city-owned land for development. Staff has received the following types of inquires for the 2 sites: . Warehouse with outdoor storage . Purchase option . 100,000-square foot light industrial building for local manufacturer expansion . 20,000-square foot light industrial building for manufacturing prospect Sites for Discussion . City-owned Cargill land - o 60 net acres, development is limited for 5-years (until 2005) by contract o Requires platting and infrastructure o Zoned for Light Industrial and a small portion for Commercial . EDA-owned Brown land- o 45 net acres o Requires platting infrastructure o Zoned for Business Park Discussion Points The EDA and Council may consider the following points for discussion: . City /EDA development costs to date (land purchase) . Estimated costs for public improvements/infrastructure . Development phasing . Desired price point . Desired types of users and size . Financing options for public improvements Staff will provide information on the development costs to date and estimates for public improvements at the joint meeting. . City of Elk River Economic Developtnent Srxategic Plan 2004-2007 May 2004 Group Work Session Notes PRIORITY ISSUE #1: INDUSTRIAL DEVELOPMENT What is the issue? Type of development preferred Manufacturing (value added, highway) How to increase the tax base How to increase the employment base Why an issue' Nothing is happening N at staying competitive Consequences of dOln" nothing: May lose existing businesses Continue to have empty business parks The debate goes on.. ...and on.... VISION ALTERNATIVES Parks are filling in with "desirable businesses" What makes them desirable? Job type Benefit program Career opportunities Retirement plans Household supporting wages Diverse services / products Quality consu-uction Utility costs are reasonable Land costs are "affordable" BARRIERS . Cost of land . Offers from other cities . Reluctant owners (to sell land) . Ability to provide utilities on a timely basis 'd'< . PRIORITY ISSUE #1: INDUSTRIAL DEVELOPMENT STRATEGIES Expand/grow existing businesses Reduce the cost of development Land cost Utilities Use city-owned land Make utilities available Have options available J oint marketing with private owners Designate several locations for businesses Develop a "price point" policy Develop a more generous incentive program Provide an opportunity for owners to be part of the development Consider City ownership of all parks, fInanced over a multi-year period Develop a program to purchase portions of private parks over time - with options to purchase additional land ~lVB BLt'l'A'l'lOJ'! 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Green O:mpany November 26, 2002 File: 81961OJ-0030 Ms. Cathy Mehelich Director of Economic Development City of Elk River 13065 Orono Parkway Elk River, MN 55330 RE: BROWN PROPERTY DEVELOPMENT COSTS Dear Ms. Mehe/ich: As requested, we have estimated the cost to develop an industrial park on the Brown Property owned by the Economic Development Authority. The estimate was based on a conceptual drawing prepared by Chris Leeseberg of the Planning Department. In order to prepare this estimate, we had to make some gross assumptions regarding site grading. We assumed there would be some topsoil to be stripped, stockpiled and re-spread. We also assumed there would be the equivalent of one foot of grading over the entire site. We did not assume that any fill material would be brought onto the site. Based on these assumptions, we have estimated the development costs as follows: Site Preparation/Grading Utility Construction Street Construction $153,000 $448,000 $310.000 $911,000 $255,100 $7,500 $32.000 $1,205,600 Estimated Construction Cost OVerhead (28%) Geotechnical Investigation Platting of Property Total Development Cost If you have any questions regarding this information, please call. Sincerely, Howard R. Green Company ~ huyj;?/~?4?J Terry J. r.;(a~rer, P.E. '15~~~ CPt a~ hid TJM:sw <>~ 7-/3 pv I!t~ .1 (r.~ ktZJV~ {cJp ~ r ;; Ltr-112602-MeheliChC1] 1326 Energy Park Drive. St Paul, MN 55108 . 651/644-4389 fax 651/644-9446 toll free 888/368-4389 Ms. Mehelich December 23, 2002 Page Two If you have any questions regarding this information, please call. Sincerely, Howard R. Green Company r - ";;~,?~(..t't. UJ Terry J. Maurer, P.E. T JM:sw Ltr-122302-Mehelich Howard R, Green Company CONSULTING ENGINEERS I ,. 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Green Company June 27,2003 File: 821330J-0325 rV ~~J' { (,6rfb. \'V I I I As requested, we have reviewed the concept plan for development of the Cargill Business Park Option E and have estimated the development costs based on it. The development costs include both the "hard" construction costs and "soft" development costs. We have assumed that the ~ phase of development would be Lots 1 and 2 with frontaQe on 171" Avenue. We have also assumed that further development of the remaining property would take place in tbree additional phases. Attached is a copy of the Option E concept plan for the Cargill Business Park development. Based on this plan, we would offer the following costs: Ms. Cathy Mehelich Director of Economic Development City of Elk River 13065 Orono Parkway Elk River, MN 55330 RE: CARGILL PROPERTY DEVELOPMENT COSTS Dear Ms. Mehelich: A. Boundary Survey Prepare a boundary survey for the entire parcel of property. This includes setting all of the boundary corner property irons. The survey will be necessary for the final platting of this property and will need to be done only once, no matter how many phases the ultimate final development takes. The estimated cost for the boundary survey is $6,000. B. Delineate Wetlands The estimated cost to delineate all of the wetlands on the entire parcel of property, including having a survey crew locate the delineated boundaries, is $4,200. C. Topographic Survey This item would include gathering topographic information over the entire site for preparation of any existing condition plan to be used in the development of a grading plan and infrastructure improvement plans. The price for this item would include both the survey crew actually gathering the topographic information in the field and also the preparation of a drawing using the boundary survey discussed previously to prepare a site plan of existing topographic information. The total cost for this item is $29,000. D. Preliminary Plat This item would prepare a preliminary plat based on Option E for the entire layout of the site. Total cost of this item is $1,850. Ltr-06270:>-Mehelich 1326 Energy Park Drive' St. Paul, MN 55108 . 651/644-4389 fax 651/644-9446 toll free 888/368-4389 Ms. Mehelich June 27, 2003 Page Three If you have any questions regarding these items or would like to discuss them further, please call. Sincerely, Howard R. Green Company ~2IJU~ Terry J. ~re'r, P.E. T JM:sw Cc: Michele McPherson, Director of Planning Ltr-062703-Mehelich Howard R. Green Company