HomeMy WebLinkAbout4.3a CDA Predevelopment Grant Fund Memo
TO: Economic Development Authority
Jennifer Levitt, EDA Executive Director
FROM: Gretchen Larson, Economic Development Director
Ryan Burfeind, Public Works Director
DATE: December 9, 2022
RE: Washington Co. CDA Predevelopment Finance Grant Fund Application
Background
City staff has identified a project that is eligible to submit to the Washington Co. CDA
Predevelopment Finance Grant Fund. This project will involve a comprehensive utility servicing
study for future development land located along the proposed realignment of 100th Street, which
is shown in the figure below. The area included in this proposed utility study is currently under 3M
ownership. 3M is supportive of the proposed project application in order for the city to complete a
study of the area. They recognize that completing a comprehensive study for servicing of the area
is critical to them maximizing future opportunities for development by them or for the sale of the
property.
In addition to the water and sewer study, development of an area-wide stormwater management
plan, with specific site requirements, will also be completed. And, because of the future
realignment of County 19A & 100th Street, in partnership between the City and County, local
Economic Development Authority
August 9, 2022
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roadway networks and connections will be reviewed as well. Finally, while the majority of the land
is guided industrial, a commercial area is anticipated at the interchange of Innovation Road and
Highway 61 so the study will also look more closely at options for this commercial node.
Total costs for the project would be $85,000 and the request
If the application is approved by the CDA, we would recommend that the team at Bolton-Menk be
hired to complete the study and a copy of their proposal is attached along with the draft application
to the CDA . The study would take approximately 16 weeks to complete.
Recommendation
1. Approve Resolution 2022-012 supporting the Predevelopment Finance Fund Grant
submittal.
2. Approve the submittal of the application to the Washington County CDA Predevelopment
Finance Fund.
Attachments
Resolution 2022-012
Application for the Predevelopment Finance Fund Grant Submittal
100th Street Utility Extension Study Proposal