CCP 04-26-2011 - Laserfiche WebLink

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MINUTES New Brighton Economic Development Commission Approved Special Meeting—March 29,2011 7:30 a.m. Members/Liaisons Present: Mike Murlowski,Marie Hansen,Dennis Flahave,D.L. Beach, Bob Benke, Terri Snell,Bob Smith Members/Liaisons Absent: Gina Bauman,Marie Hansen Staff Present: Grant Fernelius-Community Development Director; Janice Gundlach-City Planner, Katie Bruno-Office Assistant. Consultants Present: Mark Ruff The Following were present from Northmarq: Jon Rausch Tom Stella Erik King Luke Appert Jon Rausch reported he has done extensive work in the North Metro along I35W. Tom Stella stated his primary focus is office space. Commissioner Murlowski asked for elaboration on the recent sales. Mr. Raush stated the most recent was the Blaine Preserve Business Park; located at 95th Ave and 35W. A church at the same location, and a speculative development project in Rogers. Commissioner Snell asked if the Blaine location is similar in value to the New Brighton area. Mr. Rausch responded that New Brighton is a little better location,with better exposure,and able to accommodate office space well. Commissioner Flahave asked if pricing would differ from the east and west side of Old Highway 8 NW. Mr. Rausch responded it would because of the exposure to I35W and 1694. Commissioner Snell questioned of the group sees the negative environmental history as a deterrent. Mr. Rausch explained the City will work with engineers to assure a clean site is delivered. Accessibility issues were discussed; it was noted direct access from I694 to Old Highway 8 would be beneficial,however other options are available, and the visibility is a strength. Commissioner Snell questioned the competition. Mr. Stella noted the immediate areas include TCAAP, and Twin Lakes;however it was noted the New Brighton parcels are further ahead,and that adds confidence and credibility. Mr. Rausch suggested it may be beneficial to allow the re-platting of defined lots to accommodate various size needs. Director Fernelius noted the City is currently in the process of doing so. Director Fernelius asked for the marketing approach Northmarq would use. Erik King noted they have a three prong approach;the first being distribution of brochures,the second being marketing with the broker community through various local and national publications, and the third being marketing directly with the end user.