7.2. EDSR 10-18-2021 City of
Elk �-- Request for Action
River
To Item Number
Economic Development Authori 7.2
Agenda Section Meeting Date Prepared by
General Business October 18, 2021 Brent O'Neil, Economic Development Director
Item Description Reviewed by
General Updates Cal Portner, City Administrator
Reviewed by
Action Requested
Item presented for information and discussion.
Background/Discussion
Economic Development Specialist—Colleen Eddy,who has been in this position since 2014,will be
leaving her position as she accepted a business development role with DEED. Her last day will be
October 26.
Harvest Hills Building—There is a potential buyer going through a due-diligence period and has just
started discussions with the city. The company would relocate a food manufacturing business from the
metro into the facility.
North Star/Tyler site—Our office has been in contact with a broker representing a manufacturer in
Minneapolis looking to relocate. We have provided supporting information on the site and the potential
buyer is reviewing. This is the site with the gas line easement. The site also has stormwater pipe which
would require relocation to accommodate the desired building footprint for this business.
Project Singularity—We received an RFI through GreaterMSP looking to site a German-based precision
manufacturing company.We co-responded with Sherburne County on its large site near the government
center. We have been notified that the site is one of four in Minnesota under consideration for the next
round of review and have provided additional responses the questions posed about the site.
Sourcel-ink—We anticipate having the software in place by November 1.
Real Estate Expo—Staff will be attending the MnCAR Expo on October 27 and will have a booth
showcasing properties available in Elk River.
Real Estate Services—The RFP was released with responses due on October 29. We pushed it out to
capture the interactions we anticipate with brokers at the MnCAR Expo.
The Elk River Vision
A Y�elcoming community nvith revolutionary and spirited resourcefulness, exceptional P U W E H E o s r
service, and community engagement that encourages and inspires prosperity ,g /` UR
Jackson Hills II—Briggs Companies has submitted a TIF application for a second apartment building at
Jackson Ave and 6`' Street.We have started review and anticipate bringing the proposal to the Joint
Finance Committee on October 26.
Fox Haven follow-up—EDA and Planning staff met with the proposers of the auto repair shop for Fox
Haven to offer support for the business and assistance in finding a building site in Elk River.
Financial Impact
N/A
Mission/Policy/Goal
Support Elk River's existing businesses through relationship building,programmatic offerings, and high-
quality city services. Attract new business development to Elk River to build the City's economic
vibrancy, job offerings and tax base.
Attachments
• None