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MEMO <br /> <br />DATE: <br /> <br />TO: <br /> <br />FROM: <br /> <br />RE: <br /> <br />May 6, 2004 <br /> <br />Economic Development Authority (EDA) <br /> <br />Megan Wald and Scan Sullivan <br /> <br />Staft Update <br /> <br />Town Center: The Planning commission approved the sketch plan for the westerly commercial <br />node or' Town Center. The sketch plan includes the development of Coborn's grocery store and <br />several additional restaurant pads and smaller multi-tenant buildings. The commercial area being <br />developed by Shingobee will need to go through preliminary plat and site plan review, which is <br />anticipated to be reviewed by the Planning Commission in June. <br /> <br />New Business Prospects: The City is currently speaking with three new companies. One <br />Company is a 30,000 S.F. manufacturer, one is a 10,000 S.F. cabinet shop and the other is an <br />80,000 S.F. prospect. <br /> <br />New Developments (residential and commercial): The City Council recently approved Alpine <br />Acres ?a Addition, which will be for the construction for 48 more units out o£ a total of 200 for <br />the build out of the project. <br /> <br />The Planning Commission approved the site plan for Northern Technologies Inc. and Norfork <br />multi-tenant building on Thursday, May 6th. <br /> <br />Business Grand Openings..'.. None to report at this time. <br /> <br />lVlarketing Initiatives: The City is revamping its industrial property add to include a <br />commercial element and to address the buzz surrounding the Town Center project. The City is <br />not marketing Town Center in this ad but just mentioning the close proximity of City owned <br />industrial and property located near the Town Center area. <br /> <br />Business Communication Initiatives: Staff is hoping to create a business survey to be inserted <br />in the May/June publication of the Business Connection. <br /> <br />EDA Proieets: <br /> <br />Zip Code Request: Staff received a returned letter from a business stating that it had to <br />go through the Elk River post office. This information is contrary to information gathered <br />previously and staff is in contact with the post office to investigate this matter. <br /> <br />CDBG: No new infbrmation to report at this time. <br /> <br />Doug/as and Gary Hanson (Bakestar Property): Staff is meeting with Mr. Hanson on <br />irriday. May '7 at 1:30 to continue negotiations for the purchase of that property <br /> <br />Miscellaneous: <br /> <br /> <br />