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I i _ 1 Vision 1: With Highway 371 scheduled to be realigned east of the downtown, the City is evaluating how the 2 property along the alignment should be zoned. It is currently zoned primarily Agriculture and Forestry. The 3 estimated cost to provide sewer and water to the east side of the new highway is$1.8 million. 4 a. The city should maintain the existing zoning and not extend sewer and water: (33) 5 b. The properties should be rezoned to Commercial only if a cost/benefit analysis demonstrates that the 6 extension of sewer and water is justified: (8) 7 c. The properties should be rezoned Commercial and sewer and water should be extended: (2) 8 d. The properties should be rezoned Commercial without sewer and water: (6) 9 Vision 2: The City is obligated to maintain the streets and utilities in Downtown Pequot Lakes. The City has 10 prepared a plan which proposes enhancements to the Downtown that would add parking and pedestrian 11 improvements during any routine maintenance work to enhance the Downtown as a destination. The estimated 12 cost of the enhancements would be between S1.9 and 52.8 million, depending on what improvements were made. 13 a. The City should do the necessary maintenance only: (4) 14 b The City should take the opportunity to do the additional enhancements when doing the necessary 15 maintenance: (26) 16 c. The City should take the opportunity to do the additional enhancements when doing the necessary 17 maintenance only if the enhancements can be justified in a cost/benefit 18 analysis: (20) 19 Vision 3• The City is investigating options for expanding the existing industrial park to the south. Options may 20 include expansion of sewer and water utilities or may simply include basic improvements for industrial 21 development without utilities As a general rule development with utilities will yield a higher tax base return, but 22 at a higher cost.There are currently no cost estimates for these improvements. 23 a. The City should not be looking to expand the industrial park: (4) 24 b. The City should look to expand the industrial park, but without the expense of utilities: (1) 25 c. The City should expand the industrial park,with utilities provided: (8) 26 d The City should expand the industrial park with utilities provided, but only where a cost/benefit analysis 27 justifies the improvement: (38) 28 PRINCIPLES 29 A healthy, ongoing public/private partnership between the City of Pequot Lakes and the businesses located inside 30 the city limits must be based on an understanding that each has a part in the process of creating export and 31 import-replacement businesses. What the city government of Pequot Lakes can do to is to create a framework for 32 growth that provides the widest variety of local entrepreneurs the greatest chance for success. 33 To do this,the City must focus on the following three principles: 34 1. Improve businesses competitiveness by reducing the tax burden. 35 2. Encourage business development by streamlining the regulatory process. 36 3. Improve business opportunity by growing the market of customers wanting good and services from the 37 businesses of Pequot Lakes. 38 Reduce the Tax Burden 171 Page