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BALD EAGLE INDUSTRIAL PARK The Bald Eagle Industrial Park was developed with the help of tax increment financing. The City constructed the roads, utilities, and stormwater ponds, allowing for business development within the industrial park. The industrial park continues to be an attractive place to locate businesses. Recent construction activity includes the construction of Schweiter's 41h building and completion of the rail spur, construction of the Oneka Pet Resort, and construction of the headquarters for Pearson Mechanical. Plans are now being reviewed for the Multifeeder Technology headquarters, as well as the headquarters for Stockness Construction. 84 Lumber recently held their Grand Opening as the new owner within the old Minnesota Union Builders site. Although property remains for development within the industrial park, it is time to plan for the next location for a business park. MOLITOR PROPERTY Roy Molitor owns this 68 acres of land along Fenway Boulevard near the Bald Eagle Industrial Park, and he is intending on selling it in one large piece to a developer. With residential development to the north and south, and the 100-acre City park to the west, some have suggested that the property is best suited for residential uses. The property is zoned industrial, and the City has viewed the property as a logical place for an expanded business park. It is possible that Mr. Molitor would sell the property to a development group that would propose some combination of residential and office condo development. SUNSET SHORES The Planning Commission, Parks Commission and City Council recently reviewed a concept plan for development of this property adjacent to Sunset Lake. The developer is proposing to use the City's new Rural and Open Space Ordinance. Discussion topics have been about whether the concept plan meets the intent of the ordinance, whether there should be public access to Sunset Lake, and whether the City should plan for the eventual closure of 1251h Street. HANSON GRAVEL PIT This property consists of approximately 120 acres and has been identified by City staff, Council and the Parks Commission as a potential site for softballibaseball complex or complete athletic complex. Staff has had meetings with the Hanson family to discuss the possible acquisition of this property. RICE LAKE PARK This park consists of approximately 70 acres of which 25 acres are upland and useable. Two years ago when planning for the Public Works Facility and Rice Lake Centre on the western edge of the property a feasibility report was completed for the development of Rice Lake Park. The feasibility report contains the construction of 5 soccer fields, a field house, trail system, play equipment and sufficient parking for over 200 vehicles. The feasibility report concluded that construction of this park would cost approximately $1.8 million. Possible funding sources are currently being evaluated by the Park Projects Funding Committee.