09-24-2007 Special EDC Meeting - Laserfiche WebLink

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discussed as a potential site. (Staff later determined the size of the Lonesome Cottage property is 1.921 acres). The City needs more industrial space. The Arvig lots are $150,000. The Arvig lots might be their best option. Arvig could possibly sell the lots back to the City for $100,000 and make a contribution of$50,000. They would need to consult with their financial advisors. They need a corner lot for traffic flow. BLADC will analyze both scenarios, Greer and Arvig. Brainerd and Baxter don't negotiate price. Pequot Lakes has a history of negotiating. Cathy will have Sandy obtain information from Ehlers regarding the City's financial status repayment of improvement loans. The EDC can't negotiate price, but could make a recommendation to the Council. The City should look differently at Phase 2 of the Industrial Park. October 23 is the next meeting. The following will take place prior to that meeting: 1. Sheila will talk to Gilroy Arvig with Ed Larsen. 2. Sandy will obtain financial analysis. Diamond Willow Assisted Living: Chris Storm met with Mark Jurchen and Mayor Malecha. Diamond Willow is interested in building a 20-unit assisted living facility on the Mark Forsberg property. They are not looking for any TIF or financing. Their preferred timeline would be to begin construction in January or February and be up and running by next summer. Ms. Haverkamp pointed out that there is an analysis on Pequot Lakes included in the Crow Wing County Housing Study. Diamond Willow was initially looking for a 5 acre tract with water/wastewater. The Forsberg property is 3.5 acres. Water/wastewater could be extended to this parcel. They would need a lift station. They would need an easement from Corky Smith, Trailside Estates to extend utilities from that development. Extending water/wastewater up County Road 112 could be cost prohibitive. The parcel would also need to be rezoned from Transition Residential to Urban Residential to allow for the density required. Extending utilities up County Road 112 may be a good idea for future development of the Rasmussen and Kennedy properties. Tim Houle, City Engineer, estimated an approximate cost to extend utilities from the northwest cul-de-sac of Trailside Estates to the lot line to be roughly$12,000.00. A bypass lane would likely need to be constructed as a County requirement. Mr. Storm is checking on potential wetland issues. Pat Smith and Sheila Haverkamp will approach Corky Smith to inform him of this potential development. Minutes 2 Economic Development Committee September 24, 2007