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DRAFT DOCUMENT, INTENDED FOR CONCEPTUAL CONVERSATIONS ONLY, CHANGES WILL OCCUR <br />Future Business Park <br />UPDATE: 04/29/2016 <br />BACKGROUND <br />Iiikii!gatimmenriA1 <br />• -• i.ALPINE+DRiNW _ .. <br />' ' <br />ail alWilli MIL I <br />Iu.a1 <br />JONIMN I In <br />ii•. ,1 <br />The City is considering a roughly 93 acre business park located off Bunker Lake Boulevard and Puma Street. The <br />business park is comprised of land owned by two private parties: Hageman Holdings (about 45 acres) and Pearson <br />Properties (about 48 acres). The business park is projected to develop over the course of 16-20 years. For a <br />number of reasons, development is anticipated to start in the east (Hageman) and push west (Pearson) over time. <br />Over the last two years, the City has completed a public engagement process related to the proposed change in <br />land use (i.e. to allow for a business park), a detailed arterial infrastructure analysis, and an in-depth economic <br />development analysis. <br />The next step in the process for the City RE this project was to adopt a policy/position, memorandum of <br />understanding with property owners, change zoning to allow for a business park, and begin marketing. The EDA <br />provided direction on this step in March. The Council was set to complete this step on 04/26. However, the <br />update on the next page was received in mid -April. As a result, the City will need to reevaluate how to approach <br />the future business park. This project will be going back to the EDA on 05/05 and to the Council on either 05/10 or <br />05/24. <br />