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DIAMOND POINT PARK The City received approximately 13 acres of parkland in lieu of dedication fees for the Diamond Point East development. The Park Master Plan calls for an active neighborhood park in this general area. The Parks Commission identified that an active neighborhood park was needed on this site. The Diamond Point Park plan includes: a 2-12 year old play area, swings, teen play area, a picnic shelter, sand volleyball court, half court basketball, softball/baseball, trail system and a parking lot. Construction of this park is scheduled for the summer of 2006. DEL WEBB This property was the proposed site for a 975 unit active adult retirement community. The developers for Del Webb have told us that they no longer intend to develop the property. The Planning Commission, Parks Commission, and City Council have reviewed a concept plan as well as an EAW for this 370-acre property. There is still a good possibility that a different developer will present a new concept plan for the same property. NORTH HIGHWAY 61 COMMERCIAL PROPERTIES Members of the Planning Commission, City Council and EDA met with property owners in this area on May 3 to discuss the possibility of changing the zoning on this property from Commercial to Industrial. Despite the industrial uses existing in this area, the property owners expressed their desires to remain under a commercial zoning designation because of property values and potential for redevelopment. PELOQUIN INDUSTRIAL PARK The City recently completed public improvements within the industrial park, including sewer, water, streets and storm sewers. Since the completion of the improvements, new construction has occurred in this aging industrial park, and several new businesses have selected this for their location, including Mahnomin Resawn Timbers, The Pavement Guys, Gene's Disposal, and Benson's Cabinetry. The staff anticipates more new business coming to the industrial park soon, including new development on the vacant land at the entrance. CITY OWNED PROPERTIES ON HIGHWAY 61 The City's EDA has been working to acquire the property along the east side of Highway 61, adjacent to Egg Lake. The City is preparing for the creation of a TIF District that will result in the likely redevelopment of this property. Redevelopment will likely include retail and office space, a City Park, a restaurant and possibly some senior housing. WATERS EDGE Waters Edge is developing as a residential community with over 1100 homes. There are six basic Pulte townhouse designs and single family development from a variety of builders. Development includes the construction of a $1.6 million community center, and the construction of about 1 % miles of Oneka Parkway. Trails extend through the development, and there is a complex system of regional stormwater ponds. The smallest townhomes in the development are 0