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CAS : # 4 INDUSTRIAL PROSPECT UPDATES By: James.E. Norman, City Administrator Project Updates: ~aste Management. City Staff has been negotiating with Waste Management for the 44.6-acre ~ite south of the £ormer Anoka-Ramsey Landfill for industrial purposes. Waste Management has tentatively agreed to sell the property in two separate phases beginning with 50% closing in October of 2001 and the balance paid in November of 2002. The purchase price for the property is $1,657,925. In a related matter, Staff is reaching final stages of negotiations with an industrial prospect to building a 1~5,000 square foot industrial facility in the northwest portion of the Waste Management site. Staff will give an update during the EDA meeting. St. Paul Terminals Project. Staff has been working with a new owner of the former Danny's Tranny operation (St. Paul Terminals) for a larger re-development project. The project would include the acquisition of three separate properties to the east of St. Paul Terminals and include the sale of land for industrial use north of 141st Avenue to the west Basalt Street, for industrial purposes. Staff will give an update during the EDA meeting. Kenko/Alloy Recovery. Staff has been negotiating with the property owners with Alloy Recovery and other property owners to the west of the current City PubIic Works facility to relocate Kenko Construction. Kenko was recently displaced during the construction of 14 ]st Avenue as part of the Gateway Industrial Park #5 (Makkon's Property) project. Staff will give an update of negotiations. Commission Action: Based upon discussion. Reviewed by: City Administrator EDA: 08/20/01 ~[[Ol_F$'IU/OLlhtsers~Cio, SI, ared FileMGEAtDA COUNCIL & COMM1SSlONIEDAllndustrial Prospect UpdatesO82001.doc 08/17/01