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Home My WebLink About4.d. Update on Arlo Rhoads Proposal to Purchase Business Park Land r 1 CITY OF ROSEMOUNT EXECUTIVE SLmvIMARY FOR ACTION PORT AUTHORITY COMIvIISSION MEETING DATE: 3ANLIARY 4, 1994 AGEl�'DA ITEM: Update on Arlo Rhoad� Proposal to Purchase AGENDA SECTION: Business Park Land Old Business PREPARED BY: John Miller, AGENDA NO. Item 4.D. Economic Development Coordinator ATTACf�VVIENTS: Memorandum from John Miller, APp VED Business Park Map Pyt_ � Please see attached memorandum. o :-. RECO��VIE� � E ACTION: I� TIO to direct the Port Au� �o ' y�Executi Direc r to wo ��w' h � Harold Wachter'rt�i purchase a �ortion his property adjacent to t SOO Line tra� c�ntingent up� a sale of the pr�ei't,y to Arlo and Ren oads. ,;^� , \ PORT AUTHORITY ACTION: ri � . . . .� � � .. - . MEMORANDUM TO: Port Authority Commissioners FROM: John Miller, Economic Development Coordinator DAT'E: December 29, 1993 �: Update on Arlo Rhoads Proposal to Purchase Land In the Rosemount Business Park At the December 21 Port Authority meeting I discussetl with you the proposal from Arlo and Renee Rhoads to purchase an industrial site in the Rosemount Business Park. At the meeting th�re were different recommendations for a location. I believe however that all Commissioners were in agreement that the Rhoads' interest in a less visible site should be considered, In a subsequent discussion with the Rhoads, I have established their willingness to pay $10,000 per acre for a lot with a minunum size of 1.8 acres. The Rhoads would be assessed for utility and road costs over a ten year period. In looking for a location however, I've been somewhat stymied. The structure the Rhoads will build is to be about 10,000 square feet with a concrete block exterior. In terms of size it will be slightly larger than the Peoples Gas structure on 145th Street but will none the less have the appearance of an industrial building. One sua�estion was to sell the Rhoads land at the south end of the Business Parkway. The down side of tliis is that tiie building would be visible to most traffic entering the business park from CR 42. What effect would this "typical" industrial building have on our efforts to attract office buildings? In addition the land available is rather shallow. To get the Rhoads 1.3 acres, the lot would have 500 feet of road frontage and at its greatest depth have a dimension of only 230 feet. A second suggestion was to locate the Rhoads on a lot coming off Biscayne. In giving this some more thought I saw two problems. First, this location would require construction of a new road in addition to Business Parkway and a considerable extension of sewer and water would be needed. Second, the entrance from Biscayne Avenue may very well be the main entrance to the Business Park if the County limits access from CR 42. Here again we may want to have some upscale development at that location. So what does that leave us? The Port Authority has a customer who: 1. Wants to buy a regular run-of-the-rnill industrial lot. 2. Has the financial capability to complete a project. 3. Is locaL 4. Is considering additional purchases of land and construction of additional buildings. r � t � . � . . - . .. � . ... � .. Rhoads Business Paxk Purchase December 29, 1993 Page 2 � All in all that's a good costumer and the Port Authority should find a location for the Rhoads. In this regard, I believe that we will all agree that one site is super... custom made ... ideai... perfect. The Rhoads should locate adjacent to the railroad track on the west side of the Business Park. Access would be from the cul-de-sac extending northwest from Business Parkway as that street angles to the southwest (please see the attached map.) This would require extending streets and utilities beyond Phase Ia as described by Dave Simons at the last Work Session. It would however, open more lots for development including several acres adjacent to CR 42, an area where we've had several inquiries. Now, there is a problem. The land best suited for the Rhaads is presently owned by Harold Wachter, a local farmer. I have visited with Mr. Wachter about his land and have been advised that he would: 1. like to work with the Port Authority and that indeed his land should eventually be part of the Business Park 2. like to continue farming the southern portion of the 43.5 acre parcel 3. consider selling a few acres from the north part of the �arcel and give an option to the Port Authority on the remainder As far as an asking price is concerned, Mr. Wachter first felt that $7,500 an acre was fair. He is hawever, visiting with Ed McMenomy, Sr. to better determine the value of the land and he will further discuss this with other family members. I expect to get an answer from Mr. Wachter shortly. The bottoi7 line on this whole thing is that I believe the Port Authority can accomplish several things in u�orkinQ with Mr. Wachter and the Rhoads including: 1. Gaining control of the Wachter land parcel under terms beneficial to both the land owner and the Port Authority, i.e. no need to sell bonds and incur bi� debt. �. Pro��idina a good business buffer protectina and screenin� the remainder of the Business Park from the rail tracks. , ,_ 3. Opening additional acres for development, i.e. more curbs to kick. 4. Establishing a good worl:ing reiationship with two Rosemount residents, one a farmer and the second a developer. S. Savin� prime sites in the present 80 acre parcel for more aesthetic and hopefully lligher value developrnents. Your direction to continue worl:ing on this project is requested. � , \ . 1 � �'� '�� / J �, ' ' J I J ";�� - �� 1� S1IN0= �'� �� / (�...`.�_ f�OPO�{D f.Ji1RN7CF �1 ` � n�y � s.,,� M ��/ .` �. 1�J �/ � . \{ 1 c\ � `�� ltOAD 10 CMC DEVFI M T ��' \ � D 8 1 WS� . : '? . 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