09/02/2008 Council Packet - Laserfiche WebLink

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• • • Apollo Business Park — this industrial park consists of a series of one story, concrete construction buildings that are well maintained but have limited aesthetic enhancement. This lack of aesthetic enhancement has become more noticeable as the new developments in the nearby Town Center area have been constructed with an emphasis on aesthetics. Marshan Industrial Park - this industrial park is located on the east side of I -35W along Lake Drive with excellent visibility to the freeway. The light industrial site is fully improved with road and utilities and is partially developed with Schwan's Home Service Delivery and Distribution Alternatives. It has two parcels remaining. Clearwater Creek -this light industrial park on the east side of I -35E and south of County Road 14 is fully improved with road and utilities, and is the site of several light industrial uses, including AdGraphics, a Taylor Corporation facility. A private development firm has control of the remaining vacant parcels. Several redevelopment opportunities are also available in the future as existing uses with outside storage become incorporated into the business park. Economic Development Activities The city developed three major economic development goals for its last comprehensive plan. • To manage the city's growth in an orderly and prudent manner. • To expand and enhance the city's economic and industrial development. • To establish a community identity and image. In 1996, about 4 percent of the city's market value was commercial and industrial. The comprehensive plan's goal was to raise that to 10 percent by 2010. In 2006, 8 percent of the market value was commercial and industrial, doubling the percentage over the past decade. The city has been very proactive since the mid 90s to spur commercial and industrial development. Key factors in improving the city's tax base since the last comprehensive plan include: Apollo Business Park: This 100 -acre industrial park on I -35W was owned partly by the city and partly a private developer. An aggressive marketing and incentive program in the 1990s enabled the city to fully build out this business park. • Clearwater Creek Development Center: This light industrial area on I -35E was improved in the mid -90s and several industrial companies built facilities there. • A major initiative was undertaken to create a Town Center for Lino Lakes on the I -35W /Lake Drive interchange. The city took a proactive role by: o Purchasing private land and swapping land with Anoka County in the Legacy at Woods Edge project for the development of the Lino Lakes Civic Complex (City Hall, Early Childhood Education Center, and Police Department) and the Chain of Lakes YMCA. o Entering into a partnership with the YMCA for the construction of the Chain of Lakes YMCA. o Applied for and received three Metropolitan Council Livable Communities grants and one Local Housing Incentives Account Grant for the purpose of creating a high density, mixed use development for Lino Lakes. These grants totaled $1,645,000. 5 -17