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HomeMy WebLinkAbout2003-059 Council Resolution• • CITY OF LINO LAKES RESOLUTION NO. 03-59 RESOLUTION AUTHORIZING ECONOMIC DEVELOPMENT FUNDS FOR SITE PLAN AND MARKET ANALYSIS OF PROPERTIES ON 35E WHEREAS, the City of Lino Lakes has identified the I -35E corridor for future commercial and industrial development as part of its Comprehensive Plan; WHEREAS, Anoka County officials have been meeting with representatives of the Vikings and other developers to discuss opportunities for development within the County; WHEREAS, Anoka County, working with KKE Architects, has completed a concept plan that is comprised of commercial and industrial development, a hotel/conference center, corporate headquarters, a stadium and housing; WHEREAS, Anoka County has requested financial participation in the amount of $7,000 from Lino Lakes, Blaine and Columbus Township for the purpose of completing site - specific plans and a market study to determine which site would be most suitable for such development; NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LINO LAKES, MINNESOTA that an amount not to exceed $7,000 is authorized from the Economic Development budget to assist Anoka County in the preparation of the site plans and market study. Adopted by the Council of the City of Lino Lakes this 28th day of April, 2003. • AGENDA ITEM 7D • STAFF ORIGINATOR: Mary Alice Divine DATE: 4/28/03 TOPIC: Consideration of Resolution 03 -59 authorizing Economic Development Funds for Site Plan and Market Analysis of properties on 35E BACKGROUND: In 2002 Anoka County prepared a report called "Working Together to Shape the Future of Anoka County," which endorsed a collaborative effort with cities to create more quality jobs, expand the tax base, and improve housing and transportation within the county. As a result of that report, the county has been promoting Anoka County's assets to the development community. That effort has included discussions with the Vikings regarding Anoka County as a potential site for a new stadium, along with Vikings headquarters and summer training camp. As a part of this effort, Anoka County hired KKE Architects to complete a concept plan that included a stadium as just one component of a master planned development. The plan also incorporates commercial, industrial, corporate uses and housing. The county asked cities to identify areas of significant size that have the potential to accommodate this type of development. Four sites were considered good potential opportunities; one in Blaine, one in Columbus Township and two in Lino Lakes on the I -35E corridor. Anoka County has requested that Lino Lakes, Blaine and Columbus participate in the next phase of analysis by contributing $7,000 each to determine which site has the best potential to accommodate the concept plan. KKE Architects will look at each site in relation to the concept plan, and the McComb Group will conduct a market analysis to determine which site is best situated to attract high quality corporate headquarters, hotel conference centers, and the like. The I -35E corridor in Lino Lakes has been identified in the Comprehensive Plan for commercial and industrial land uses to take advantage of the area's visibility and accessibility from 35E. City zoning has established the Rural Business Reserve, which outlines the city's intention for staged expansion of industrial land uses into the area. Development interest is increasing in the area. This study will provide useful information for future planning, whether or not a Lino Lakes site is deemed the most suitable for this particular use. Approving an expenditure for the study does not commit the city to any development, however, not participating will 411 indicate the city is not interested in pursuing this opportunity. OPTIONS: 1. Approve Resolution No. 03 -59 authorizing a $7,000 expenditure from Economic Development budget for a site plan and market analysis. 2. Do not approve the Resolution. 3. Return to staff for further consideration RECOMMENDATION: Option 1 •