CCP 01-13-1997 - Laserfiche WebLink

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I I 1. CPI. The City Council on January 2, 1997 authorized the City Administrator to execute {' the loan agreement with cpr which is required as part of the $300,000 grant (forgivable loan) from the State of Minnesota. Currently, cpr is proposing to construct an approximately 40,000 square foot addition I (two floors @ 20,000 sq. ftJ floor) to one of their existing buildings (Planning Case 97- 02). The building (Building E) addition will enhance the research and development potentialofCP!. Additionally, cpr currently estimates that the addition will add 200 new I highly paid scientists to their staff. The Staff will be pursuing the second part of the grant from the State of Minnesota, which is $200,000. Additionally, the Staff will be requesting an additional $100,000 from the State to offer to CPI as a low interest loan. I The Staff hopes to negotiate with the State, such that the repayment of the loan would provide the City with $100,000 to use a revolving loan fund to assist other business expansions, retentions, or relocations within the City. I 2. Gateway Business District. The Staff has been working with Welsh Companies on I Phase I of their Arden Hills Commerce Center. Currently, Staff anticipates that the construction of Phase will start in February or March of 1997. I Additionally, Staff has been working with Welsh Companies on advancing the Phase II building (approximately 110,000 square feet on the Pentair property) and starting discussions on the Phase III building (approximately 110,000 square feet on the City and Ie Zafke properties). The Statf anticipates that Welsh Companies will submit the Phase II building for approval in February of 1997, so that construction can start in April or May of 1997. I The City and the developer have had preliminary discussion with Ramsey County (Jim Tolaas) regarding the signalization of the re-aligned intersection of Round Lake Road and I Highway 96. Ramsey County will agree to place the conduit under the road for the signalization of the intersection as part of the Highway 96 project. The placement and cost participation in the signalization of the intersection will be reviewed in relationship I to MnDOT warrants for signalization. It is imperative that signalization of this intersection occur or the success of the GBD will be jeopardized, The developer will I be working with their traffic engineer and Staff to determine when warrants will be met, assuming reasonable growth within the GBD. I The City Council when discussing approval of the Phase r building (Planning Case 96- 12) on September 30, 1996, commented that the exteriors of the buildings in subsequent phases or proposals should improve (ie., move towards meeting code requirements) as the I development moves south in the GBD. The applicant has provided Staff an exterior elevation of the proposed Phase II building (Exhibit C), so that the City Council could provide appropriate direction on any modifications desired. I it I