My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
11-15-95
ArdenHills
>
Administration
>
Commissions, Committees, and Boards
>
Economic Development Commission (EDC)
>
EDC Packets
>
1995
>
11-15-95
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
3/8/2013 1:26:46 PM
Creation date
3/8/2013 1:18:31 PM
Metadata
Fields
Template:
General
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
26
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
3/5 <br /> Business and Community Development Application <br /> • Part I <br /> Community Needs Statement <br /> I <br /> Name of Community/Applicant City of Arden Hills <br /> The City of Arden Hills is a second ring suburb and is located in the Northern sector of the Twin <br /> Cities Metropolitan Area. Arden Hills encompasses approximately 9.4 square miles within <br /> Ramsey County. The City of Arden Hills is approximately 10 miles North of the downtowns of <br /> Saint Paul and Minneapolis and 13 miles North of the Minneapolis-Saint Paul International <br /> Airport. The City of Arden Hills is within 15 miles of over 18 colleges and universities and 50 <br /> technical and business schools. The current population of Arden Hills is estimated to be 9,426 <br /> persons (Metropolitan Council, April of 1994). The Northerly 2,370 acres of the City is the <br /> Twin Cities Army Ammunition Plant (TCA_AP). The City of Arden Hills, but for TCAAP, is <br /> approximately 95 percent fully developed. <br /> CPI is located on 48.85 acres, in a corporate campus setting, with no visibility from Interstate <br /> 694, Lexington Avenue, or Hamlin Avenue. CPI is the largest employer in the City of Arden <br /> . Hills, with 1,777 employees (DIED, Community Profile). CPI constitutes 6.98 percent of the <br /> City's total tax capacity, 12.32 percent of the City's CommerciaUIndustrial tax capacity, and 2.85 <br /> percent of the City's water utility fund. CPI is currently experiencing difficulty in recruiting <br /> qualified employees for its manufacturing workforce. If CPI were to relocate significant <br /> amounts of their employees to their other facilities rather than consolidating and expanding their <br /> operations in Arden Hills, then the City would face a significant economic impact. Also, it <br /> would be safe to assume that future consolidations would not occur in Arden Hills, which would <br /> have a long term negative impact on the viability of the Arden Hills campus. Given the limited <br /> nature of and the competitive nature for corporate users, Arden Hills would face extreme <br /> difficulty in attracting a new tenant for this facility. <br /> The City of Arden Hills is committed to protecting and enhancing the viability of its corporate <br /> campus community. The accomplishment of this goal will require additional resources from a <br /> variety of sources. To that end, the City of Arden Hills requests the assistance of DIED in <br /> retaining and expanding the operations of CPI. <br /> Lastly, the City of Arden Hills considered the use of Tax Increment Financing (TIF) for this <br /> project. However, the increase in value to the Control Data building was not of a sufficient <br /> amount to warrant the use of TIF in this phase of the project. The City of Arden Hills will <br /> consider the use of TIF for qualifying improvements in future phases of this project. <br /> 2A <br />
The URL can be used to link to this page
Your browser does not support the video tag.