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CASE #2 <br /> <br /> IDEAS FOR MARKETING PLAN FOR THE DEVELOPMENT <br />AND SALE OF CITY.OWNED COMMERCIAL/INDUSTRIAL PROPERTY <br />By} James Gromberg, Economic Development Coordinator <br /> <br />Background: <br /> <br />The City completed the purchase of about 39 acres located east of Sunfish Lake Boulevard N.W. <br />and north of the~ raikoad tracks (see attached map). This purchase, along with the 12 acres <br />currently owned by the City north of ParaBody, brings the land holdings to 51 acres of <br />commercial/indtistrial property available for development. This large holding of property <br />necessitates the sale and development of a marketing plan to provide for the development of this <br />property. <br /> <br />Based upon this need to recoup its purchase costs, the Economic Development Commission should <br />help develop a m~rketing plan for the property. As we discussed at the last Commission meeting, <br />attached is an out. line for a marketing plan. With your ideas, we should be able to fill out this plan <br />and present it to the City Council for their review and acceptance. <br /> <br />Recommendation: <br /> <br />Draft of a marketing plan should be completed and reviewed by the Economic Development <br />Commission for SUbmittal to the City Council. <br /> <br />Commission Action: <br /> <br />Based upon discussion. <br /> <br />Reviewed by: <br /> <br />City Administrator <br />Economic Development Coordinator <br /> <br />EDC: 1/5/95 <br /> <br />/jk <br /> <br /> <br />