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CITY OF ARDEN HILLS MEMORANDUM DATE: February 21, 1996 TO: Economic Development Committee FROM: Kevin Ringwald, Community Development Director SUBJECT: Monthly Report Gateway Business District The Staff has been working with two clients who wish to locate in the Gateway Business District (GBD). The one client(Unisource)the EDC received information on in their January Monthly Report. The other client is an electronics manufacturer(computer circuit boards). Previously, the Staff has provided the EDC with information on the business characteristics of Unisource. However,the Staff has not provided the EDC with information on the electronics manufacturer. The electronics manufacturer currently has a purchase agreement on the Pentair site and is attempting to purchase the rail spur which would give them the ten acres required for developing in the GBD. The electronics manufacturer is a rapidly expanding company which is • privately held. The company expects to have approximately 300 employees by mid-1997. These employees work in staggered hours throughout the day and evening. Given, the size of the product that they produce is very small, the number of trips by delivery trucks is minimal. Therefore,the traffic impact on Round Lake Road should be also be minimal. The Staff has been working with both companies in an attempt to co-locate both the electronics manufacturer and Unisource into the GBD. Attached to this memorandum the EDC will find a preliminary sketch showing a possible configuration of Unisource and the electronics manufacturer(Exhibit A). The development plan, which obviously is very preliminary, appears to meet the general functional requirements for the two companies. The properties which are affected by this development plan are shown on Exhibit B. Those properties are: Binger McFarlane (100 percent), Pentair(100 percent), Harstad(75 percent), City of Arden Hills (80 percent), and the MT Properties rail spur(50 percent). The development plan would require the vacation of Butchers Street NE. However,the development plan also provides for a possible future cul-de-sac following the Southerly right-of-way line of the rail spur. The cul-de-sac, if constructed, could provide a good land use transition between the light industrial to the North and East from the Office at the corner of Interstates 35W and 694. The Staff is continuing to work with both of these companies and will keep the EDC informed of any new information that may arise as this process continues. Economic Development Authority The City Council on January 29, 1996 adopted resolution#96-08 (Exhibit C) which established • an Economic Development Authority(EDA) in the City of Arden Hills. The Minnesota