Agenda Packets - 1988/02/22 - Laserfiche WebLink

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r APPENDIX "B" DISTk.CT STATUS Municipal Development District No. 3 is made up of land owned by the City, two developers and the State of Minnesota. The area is currently undeveloped but has been considered for industrial/commercial development. As a result of development interest, the area was studied by Ramsey County Soil and Water Conservation Department to evaluate certain wetland characteristics as well as by the developer's engineers. Both reports were evaluated by Braun Environmental Laboratories in 1983 for the City. The basic conclusion, of the report on the reports was that the proposed Miller industrial Park Proposal did not have any severe Impacts on the surrounding wetlands. In addition to the concerns of environment, the site has an overburden of soil that would ha%c to be removed and filled in order to develop the Industrial/commercial park. The Braun Report indicates that once the soil Is removed and replaced with engineered fill, it would support the type of tuildings that would be associated with an industrial park. The proposal to develop this area has laid dormant since the report was published in 1983. This has to do with the high cost to cure the soil conditions. It Is proposed that tax increment financing be utilized to help defray the costs of soil corrections In order to provide the site with a competitive position In the ® Industrial/commercial land market. But for this action, the site would not be developed. 0 The City has also considered utilizing the fifty acre plus v? State land (excess taking) and combining with other undeveloped land and City owned land adjacent to it for a recreational area Including a nine -hole golf course. This provision of the plan would compliment the proposed Industrial park development as well as a City wide benefit. Current Projects 1. The Miller industrial Park Proposal includes seven sites that could pradnec a m.-Ch as '.3'0,000 byuare feet of manufacturing%warehouse and 160,000 square feet of office/retail. These ar_ preliminary and mad be modified depending on soil correction costs in relation to building location. 2. A recreational project that would include a nine -hole golf course. it Is expected that this investment will promote the desirability of the adjacent undeveloped industrial and commercia! areas and add a much nee&)d competitive clement for the deve!opmeni of the City as a whole. The project would not be economically feasible without the use of tax increments to assist with these improvements. Appendix "B" - 1