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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 /> Vzt <br /> 'FT <br /> ALPINE±DRQ <br /> 71L <br /> son <br /> �Z�■ fits <br /> f�t)NKJ K <br /> • ••�' <br /> Hagernan <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 />