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I I. I I I I I I I Ie I I I I I I I I- I ARDEN HILLS CITY COUNCIL - MAY 8, 1994 11, Presentation from Hom Oak and Leather City Administrator Fritsinger introduced Mr. Pat Pelstring, from Public Resource Group, Inc. and Wayne Johansen, President of Total Bedroom/Hom Oak and Leather. Mr. Pelstring indicated they have a pending purchase agreement on 20 acres of property near the property adjacent to 694 and 35W. This site would be for a new distribution center, corporate headquarters, and a retail store. Mr. Wayne Johansen presented the Council with a packet of information regarding his company. He indicated, based on upon the preliminary plans, this would be a high-quality 100,000 square foot facility employing 100 people. He indicated this would be a top-notch design for a corporate headquarters and retail store. Councilmember Malone asked if this 100,000 square feet would be with the expansions. Mr. Johansen indicated that would be the original building, with expansions of up to an additioual 100,000 square feet Mayor Probst encouraged the gentlemen to talk with Everest. Mr. Pelstring indicated that was suggested to them approximately 60 days ago and they tried to contact Everest, but Everest has refused to meet with them. Mr. Pelstring indicated they felt this presentation to the Council would help the Council to understand their position. Mr. Pelstring indicated the Company would prefer to own the site. He believed this site could be carved out of the Everest development and would help to provide increment to the City sooner than the Everest development. He noted this would be a benefit to the City. Councilmember Hicks inquired as to the total acreage within the project Mr. Pe1string indicated the purchase agreement is for 20 acres, but they wish to secure only 10 to 12 acres, perhaps selling back the balance. Mr. Pe1string indicated his request was to gain the City Council's awareness and that they would like to integrate with the City's development plans in the area. He noted the company wishes to help the City resolve some of their financial concerns, by providing tax increment as soon as possible. Councilmember Aplikowski inquired as to what brought them to choose this site. Mr. Johansen indicated the visibility is good, although the access is a little more difficult than a comer gas station would require. He indicated their marketing strategy, the store is seen from 694 and 35 Wand people will take the exits and drive on frontage roads to reach the location. He noted this is destination shopping, with customers coming specifically to go to Hom Oak.