Agenda - Economic Development Authority - 12/13/2012

Home

Economic Development Authority (EDA) 4. 3. Meeting Date: 12/13/2012 Submitted For: Patrick Brama By: Patrick Brama, Administrative Services Title: Updates: Fall Networking Event, 167/47 Node, Old City Hall Development, Nordvick Property Demolition, Kuro Fitness RLF, 6745 Highway 10, CDBG Opportunity, EDA Board Structure/Timline, Pro Power Sports Property, 8019 146th Ave. Background: NA Observations: Fall Networking Event The EDA's Annual Fall Business Networking Event took place on Thursday, November 29. Attendance was approximately 60 (as anticipated). Speakers included Mike Mulrooney with Central Minnesota Development Company, Kern Gorden with Allina Health and Jim Lundeen with RJM Enterprises. Breakfast was provided by the EDA and served by Wells Catering. The Alexander Ramsey Room served as the venue. Overall, the event went off without a hitch and Staff received positive feedback from attendees/speakers. 167/47 Node The commercial node located at 167th and St. Francis Boulevard (Highway 47) has been a topic of discussion with past and present City Councils. This node has struggled to become economically viable for some time. The City has conducted a number of studies on this area; and at one point considered funding a master planning effort. Staff has received a number of inquires regarding this node. The property owner of 6001 167th Ave (Super Value Building) is interested is pursuing a zoning change. Additionally, two parties have stepped forward and expressed interest in using 6001 167th Ave. Staff anticipates bringing a case forward to the EDA in January regarding this node; and to take direction on what involvement (if any) the City would like to pursue. As more information is available on the potential users, further updates will be provided. Old City Hall Development The EDA and City Council have expressed interest in developing the old municipal center site, 15153 Nowthen Boulevard ("Subject Property") for a data center user(s). The City is partnering with Connexus Energy to pursue this development opportunity. As part of this effort, Staff was directed to complete the State's Shovel Ready program; which is anticipated for completion come spring. Moving forward, the City will be considering a cost/benefit analysis of various development scenarios and what zoning regulations the City should consider for the Subject Property. To aid this process, Staff has ordered development scenario sketch plans. The City expects to receive said plans in the next few weeks. NOTE: options will include a single family residential development. 8020 147th Ave, Building Demolition The EDA purchased the property located at 8020 147th Avenue, known as the Nordvick Property ("Subject Property"), in the spring of 2012. A portion of the Subject property was dedicated as right of way for the realignment of Armstrong Boulevard. About one acre of developable land remains. The Subject Property contained two structures, a parking lot and a number of other improvements. The EDA ordered buildings on the Subject Property to be demolished and the site to be cleaned for future development at the October EDA meeting.