12/14/1993 (2) - Laserfiche WebLink

Home Browse Search

e DEC 14 1993 BOOK 91 PAGE 2.39 DESCRIPTION AND CONDITIONS: One important policy of the county's adopted Overall Economic Development Plan (O.E.D.P.) is Policy 2.2. This policy states that, by 1995, the county will "...initiate development of an industrial park which will provide platted lots served by adequate infrastructure". The Policy further states that the industrial park initiative "...will be a co -development effort between the county and an industrial park developer". For more than a year, the county, the Council of 100, and others have taken steps to initiate development of an industrial park. Such steps have included extending utility services to commercial/ industrial nodes, reviewing the county's LDRs to.ensure that proper mechanisms are in place to allow approval of an industrial park, and recruitment of land owners and businesses interested in developing such a park. Recently, Council of 100 economic development director Alan Campbell approached staff regarding a potential cooperative project between the county, a willing land owner (C. Reed Knight, Jr.), and an interested business that, in conjunction with economic development grant money from the state, could formulate a deal to develop an industrial park at Oslo Road and 74th Avenue. Staff now wishes to inform the Board of these matters and to receive authorization from the Board to spend staff time on researching and pursuing this potential industrial park cooperative deal. ANALYSIS: The previously described industrial park policy and the county's efforts to date envision a cooperative effort between several "players" that will result in development of an industrial park that will generate new jobs and economic development in the county at a relatively low cost to the county, and will primarily involve actual development by the private sector. In order for such an effort to begin, four major "players" are needed: 1. A willing county (willing to facilitate and use some of its resources). 2. A willing funding source for initial improvements (such as the state's economic development CDBG fund). 3. A willing industrial land owner (willing to use land for development and to induce an "anchor" business to develop). 4. A willing "anchor" business (willing to commit to. job creation that qualifies the project for grant money). At this time, it appears that the four "players" may be in place to initiate a cooperative deal to develop a ±55 acre industrial park at the northwest corner of Oslo Road and 74th Avenue (see attachment #1). Conceptually, such a cooperative deal could work as follows: A. The landowner would induce the business "anchor" to develop a tract within the industrial park. The landowner would also develop the industrial park subdivision improvements. 20 - M