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HomeMy WebLinkAbout07-27-12City of Lakeville ILLS I X-4 Community and Economic Development Memorandum To: Economic Development Commission From: David L. Olson, Community and Economic Development Director Copy: Steve Mielke, City Administrator _�o Adam Kienberger, Economic Development Specialist Date: July 27, 2012 Subject: July Director's Report The following is the Director's Report for July, 2012. Marketing Strategy Implementation The Business Marketing Strategy continues to progress with work finishing up on new graphics and City publications. A revised website along with corresponding graphics for all City newsletters and publications is being prepared to go live in the next couple of weeks. This coordinated effort will result in a unified look for both electronic and print communications with the City. The Marketing Partnership Committee continues to meet to refine joint messages that can be utilized by partner organizations to convey the message of Lakeville being a community that is "Positioned to Thrive ". "Lakeville is a thriving city of cohesive neighborhoods, vibrant businesses, and successful community partnerships. Working together, education, commerce, and local government have built a dynamic city offering a wide -array of shopping, housing, and business development opportunities Our parks, lakes, and award - winning schools are alive with countless cultural, recreational, educational and leisure activities Lakeville is Ideally positioned for easy access to the Twin 0ties' numerous regional amenities and attractions From a historic downtown to industrial and high -tech business parks, Lakeville continues to attract quality growth while maintaining the small -town feeling and high quality of life that makes it exceptional. We invite you to thrive with us in this place of opportunity for your business, your family, and your future. " Malt -O -Meal Acquisition / Expansion Earlier this week, I was informed by Malt -O -Meal (Now MOM Brands) that they have signed a purchase agreement to purchase the New Morning Windows building and property which is adjacent to their existing building in the Fairfield Business Campus. The New Morning Windows property is comprised of a 65,000 square foot building on 10 acres. This will be in addition to their existing 98,000 square foot building on 11.9 acres. This will result in MOM Brands having over 21 acres and 166,000 square feet of building in the Fairfield Business 2 aa t mpus. They are scheduled to close on the New Morning Windows property on September Directors Report Page 2 July, 2012 MOM Brands also announced to its employees this week that it will not be renewing its lease for their corporate headquarters in the IDS Building in Downtown Minneapolis. This lease is scheduled to expire in August of 2014. This will result in 100 additional corporate office employees being transferred to Lakeville within the next two years. MOM Brands also leases 6,000 square feet of property in Eden Prairie which they will vacate by the end of this year and that operation and employees will re- locate to Lakeville. This is obviously good news for Lakeville as it will now be home to the Corporate Headquarters for MOM Brands along with its more than 325 employees. Building Permit Report The City issued building permits with a total valuation of $53,713,886 through June. This compares to a total valuation of $27,863,456 through June of 2011. The City issued commercial and industrial permits with a total valuation of $5,699,500 through June compared to a total valuation of $4,076,000 during the same period in 2011. The City has also issued permits for 121 single family homes through June with a total valuation of $35,161,000. This compares to 54 single family home permits through June of 2011 with a total valuation of $16,123,000. Development Update National Polymers: National Polymers was issued a building permit on July 26 for an addition valued at $1,865,000. They received approval of a Conditional Use Permit at the June 18 City Council meeting to construct six storage silos on the property in Airlake Industrial Park located at 7920 215 Street. National Polymers is a plastics manufacturer and has been in Airlake since 1973. In addition to the silos, the Company plans to construct a 1,344 office addition and a 31,338 square foot warehouse addition to their existing facility. This will bring their total building square footage to over 103,000 Hosanna / Ebenezer Senior Housing Project: This 93 unit senior housing project is completely enclosed. Model units are planned to be available soon. Krause - Anderson is the general contractor and plans to complete the project this Fall. Roffe Container: This is a new plastics manufacturing company based in Moorhead, MN that received approval of a Conditional Use Permit in March to install several silos at this former Genpak building on Hamburg Avenue in Airlake which they purchased this Spring. Roffe has received approval of a building permit to make a number of interior alterations. Walmart Project: Interior work on the building and site continues on this project. Immel, the general contractor for the project, plans to turn the building over to Walmart by Labor Day. Walmart has announced a grand opening date of October 17 ". Spotlight on Business: JD Woodcraft was originally scheduled to be the Spotlight on Business for the July 16 City Council Meeting. At their request, they have been re- scheduled for an August City Council meeting.