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HomeMy WebLinkAbout[06b] Parkway Business Center Administrator Date: September 17, 2014 Judy Weyrens Memo To: Members of the EDA Mayor City Administrator Weyrens Rick Schultz Memo From: Cynthia Smith-Strack-MDG, Inc. Councilors RE: Shovel Ready Business Park/Industrial Lot Creation Steve Frank Bob Loso Renee Symanietz BACKGROUND Dale Wick At the September meeting, EDA Member Wick reported on a City Council workshop. He noted EDA the Council discussed re-prioritizing economic development goals. Specifically the Council's shifting of focus from creating shovel ready lots at 1-94(Walz/GTI)to projects with a more Doug Danielson immediate return. Steve Frank Larry Hosch A potential project the EDA could encourage is creation of shovel ready industrial/business lots Gary Osberg in what has been referred to as"Parkway Business Center". At the September meeting the Dale Wick EDA requested additional background information about the former development be provided for discussion. "Parkway Business Center"was a 52 acre proposed development east of the existing industrial park. Plat and construction documents were prepared for the proposed development in 2008. Prior to final approval of the project the developer defaulted on a loan and property ownership reverted to Great Northern Bank(St. Michael)which has since merged with another bank and been renamed First American Bank. For your information, please find attached the preliminary plat of`Parkway Business Center', an opinion of cost for improvements to the development, and a sales flyer for the property.As illustrated: • The 52 acre development is made up of four separate lots which are zoned for and guided to business park/industrial development(similar to Buettner Business Park). • Improvement costs are estimated at approximately$1 per square foot. • The list price of the property is$1.2M or$.86/sf. The estimated market value of the four combined parcels is$316,000 or$0.14/sf. 1 have contacted the bank regarding property pricing.The contact person has indicated a willingness to discuss moving the property at a lower cost. In addition I have asked a member of MDG staff who is a licensed real estate agent to provide comparable sales pricing for vacant raw industrial land in Stearns County. I have also asked my Associate to research and report on the competitiveness of industrial lots priced at or below $2/sf. Additional information is expected in advance of the EDA meeting on the 22"d. At this time there are four industrial lots available within the City of St.Joseph, two of which are build-to-suit. The information provided is intended to facilitate discussion about the merit of actively developing additional shovel ready lots. /f ACTION Discussion regarding the creation of shovel-ready industrial lots with participation by the EDA is kindly requested. 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SEH 2008 PARKWAY BUSINESS CENTER 12/16/08 ST.JOSEPH,MN SEH NO.STJOE D56/105433 OPINION OF PROBABLE COST ITEM 1�y��N(O. y��W4-44:4144'514§S.41 ITEMiDESCRIPTION UNIT UNIT PRICE QUANTITY COST AFP 4"12'.1674 4144'51 4 +' .% t Otats 14 tgat •P g ; .:b ' ;4;4! ,✓ y 4. 1 MOBILIZATION LUMP SUM $50,000.00 1.00 $50,000.00 2 TRAFFIC CONTROL LUMP SUM $10,000.00 1.00 $10,000.00 3 INSTALL CONCRETE WASHOUT PIT EACH $2,500.00 1.00 $2,500.00 4 STREET SWEEPING(WET PICKUP) HOUR $200.00 10.00 $2,000.00 GENERAL SUBTOTAL $64,500.00 ggMlgaIIIIMIMIPMIIIIIIIaNINSMrMSSIAUINEIEt 5 COMMON EXCAVATION(EV)(P) CU YD $1.85 149,800.00 $277,130.00 6 WATER(DUST CONTROL) MGAL $25.00 250.00 $6,250.00 GRADING SUBTOTAL $283,380.00 7 REMOVAL METAL CULVERT LIN FT $15.00 50.00 $750.00 8 SAWCUT BITUMINOUS PAVEMENT(FULL DEPTH) LIN FT $5.00 800.00 $4,000.00 9 REMOVE BITUMINOUS PAVEMENT SO YD $3.00 910.00 $2,730.00 10 REMOVE EXISTING CURB AND GUTTER LIN FT $8.00 150.00 $1,200.00 11 F&I STREET SIGNS AND POSTS ALL LUMP SUM $3,000.00 1.00 $3,000.00 12 PERMANENT BARRICADE 8002G EACH $400.00 8.00 $3,200.00 13 AGGREGATE BASE PLACED CL 5(CV)(P) CU YD $19.00 3,900.00 $74,100.00 14 BITUMINOUS MATERIAL FOR TACK COAT GAL $2.50 600.00 $1,500.00 15 1.5"BIT WEAR COURSE MIXTURE TON $85.00 1,100.00 $93,500.00 16 2.5"BIT BASE COURSE MIXTURE TON $90.00 1,825.00 $164,250.00 17 CONCRETE CURB AND GUTTER(B618) LIN FT $11.00 4,700.00 $51,700.00 18 4"SOLID WHITE STRIPING EPDXY LIN FT $0.50 900.00 $450.00 19 24"SOLID WHITE STOP BAR LIN FT $15.00 40.00 $600.00 20 PVC CONDUIT,SCHEDULE 80 W/TRACER LIN FT $12.00 600.00 $7,200.00 STREET SUBTOTAL $408,180.00 21 CONNECT TO EXIST DRAINAGE STRUCTURE EACH $1,000.00 1.00 $1,000.00 22 15'RC PIPE APRON EACH $850.00 2.00 $1,700.00 23 18'RC PIPE APRON EACH $900.00 1.00 $900.00 24 21"RC PIPE APRON EACH $1,000.00 3.00 $3,000.00 25 27'RC PIPE APRON EACH $1,100.00 1.00 $1,100.00 26 30"RC PIPE APRON EACH $1,200.00 1.00 $1,200.00 27 12'RC PIPE SEWER DES 3006 CL V LIN FT $23.00 80.00 $1,840.00 Short Elliott Hendrickson Inc., 1200 25th Avenue South, P.O.Box 1717, St.Cloud.MN 56302-1717 12/16/2008 SEH is an equal opportunity employer I www.sehinc.com I 320.229.4300 I 800.572.0617 I 320.229.4301 fax C9-3 2008 PARKWAY BUSINESS CENTER 12/16/08 ST.JOSEPH,MN SEH NO.STJOE D56/105433 OPINION OF PROBABLE COST ITEM NO. ITEM DESCRIPTION UNIT UNIT PRICE QUANTITY COST 28 15"RC PIPE SEWER DES 3006 CL V LIN FT $25.00 1,020.00 $25,500.00 29 18"RC PIPE SEWER DES 3006 CL V UN FT $28.00 525.00 $14,700.00 30 21"RC PIPE SEWER DES 3006 CL IV LIN FT $32.00 430.00 $13,760.00 31 27"RC PIPE SEWER DES 3006 CL III LIN FT $38.00 525.00 $19,950.00 32 30"RC PIPE SEWER DES 3006 CL III UN FT $45.00 500.00 $22,500.00 33 DESIGN H 27"CATCH BASIN MANHOLE EACH $1,200.00 2.00 $2,400.00 34 TYPE 4020 48"CATCH BASIN MANHOLE EACH $1,650.00 25.00 $41,250.00 35 TYPE 4020 54"CATCH BASIN MANHOLE EACH $2,000.00 1.00 $2,000.00 36 TYPE 4020 60"CATCH BASIN MANHOLE EACH $3,000.00 2.00 $6,000.00 37 TYPE 4020 72"CATCH BASIN MANHOLE EACH $3,500.00 1.00 $3,500.00 38 48"SKIMMER DRAINAGE STRUCTURE EACH $3,500.00 1.00 $3,500.00 39 RANDOM RIP RAP CLASS III W/FILTER CU YD $60.00 45.00 $2,700.00 40 RANDOM RIP RAP CLASS II W/FILTER CU YD $50.00 315.00 $15,750.00 STORM SEWER SUBTOTAL $184,250.00 ItilESMINIIIIIIIIIIKAIMAIIIIIIIIMINIM 41 CONNECT TO EXISTING WATER MAIN EACH $800.00 1.00 $800.00 42 CONNECT TO EXISTING WATER MAIN WET TAP W/VALVE EACH $1,800.00 1.00 $1,800.00 43 16"DIP WATER MAIN PIPE LIN FT $50.00 900.00 $45,000.00 44 12"DIP WATER MAIN PIPE LIN FT $42.00 3,660.00 $153,720.00 45 6"DIP WATER MAIN PIPE LIN FT $30.00 265.00 $7,950.00 46 16"BUTTERFLY VALVE AND BOX EACH $2,900.00 2.00 $5,800.00 47 12"GATE VALVE AND BOX EACH $2,200.00 7.00 $15,400.00 48 6"GATE VALVE AND BOX EACH $1,000.00 12.00 $12,000.00 49 HYDRANT EACH $2,750.00 12.00 $33,000.00 50 WATER MAIN FITTINGS LB $5.25 3,450.00 $18,112.50 51 WATER SERVICE CONNECTION W/PIPE,FITTINGS,GV&BOX EACH $2,750.00 17.00 $46,750.00 52 3"INSULATION SQ YD $25.00 100.00 $2,500.00 y WATER MAIN SUBTOTAL $342,832.50 .,., I&. i3O Ni't; =I1;a� >.i. ,,e; ,'. .0 v., ki'.,% .� ?�t�' r.>i §' dam. 541 'J! ., „ 3' t; ±2k .",41. 53 CONNECT TO EXISTING SANITARY EACH $2,500.00 1.00 $2,500.00 54 12"SDR 35 SEWER PIPE LIN FT $32.00 2,060.00 $65,920.00 55 15"SDR 35 SEWER PIPE LIN FT $38.00 1,045.00 $39,710.00 56 SANITARY SEWER MANHOLE,DESIGN 4007C(0-10') EACH $2,500.00 16.00 $40,000.00 2 12/16/2008 V 2008 PARKWAY BUSINESS CENTER 12/16/08 ST.JOSEPH,MN SEH NO.STJOE D56/105433 OPINION OF PROBABLE COST ITEM NO. ITEM DESCRIPTION UNIT UNIT PRICE QUANTITY COST 57 MANHOLE EXTRA DEPTH(OVER 10') LIN FT $100.00 28.00 $2,800.00 58 6"PVC SDR 26 SEWER PIPE LIN FT $30.00 900.00 $27,000.00 59 12'X 6"PVC SDR 26 SERVICE FITTINGS(WYE&BEND) EACH $550.00 16.00 $8,800.00 60 6"PVC SDR 26 SERVICE BEND&PLUG EACH $500.00 17.00 $8,500.00 61 CLEAN AND TELEVISE SANITARY SEWER LIN FT $1.75 3,200.00 $5,600.00 SANITARY SEWER SUBTOTAL $200,830.00 g 62 SEEDING,MN/DOT 240, &MULCH ACRE $700.00 46.00 $32,200.00 63 SEEDING,MN/COT 310,FERTILIZER&MULCH ACRE $2,200.00 2.30 $5,060.00 64 SEEDING,MN/COT 340, FERTILIZER&MULCH ACRE $1,000.00 4.20 $4,200.00 65 TEMPORARY SEEDING,M/DOT 1108&MULCH ACRE $600.00 14.00 $8,400.00 66 SILT FENCE MACHINE SLICED LIN FT $2.00 3,000.00 $6,000.00 67 BIOROLL LIN FT $7.00 150.00 $1,050.00 68 ROCK WEEPER DITCH CHECK(PERMANENT) CU YD $75.00 40.00 $3,000.00 69 RECYCLEX TAM SQ YD $13.00 1,500.00 $19,500.00 70 EROSION CONTROL BLANKET,CATEGORY 3 SQ YD $1.50 26,500.00 $39,750.00 71 EROSION CONTROL BLANKET,CATEGORY 1 SQ YD $1.25 5,000.00 $6,250.00 72 ROCK CONSTRUCTION ENTRANCE,MAINTAINED EACH $1,200.00 2.00 $2,400.00 73 INLET PROTECTION,MAINTAINED EACH $200.00 34.00 $6,800.00 74 EROSION CONTROL MAINTENANCE LUMP SUM $4,000.00 1.00 $4,000.00 TURF RESTORATION SUBTOTAL $138,610.00 TOTAL CONSTRUCTION $1,622,600.00 CONTINGENCY $85,000.00 FEASIBILITY REPORT $5,500.00 CONSTRUCTION ENGINEERING $202,800.00 FISCAL,LEGAL,ADMINISTRATIVE $162,300.00 TOTAL $2,078,200.00 P'VMS STJOEItanmonID58 Feld Proo-Prkwev But Ctr\re806888unW.r000rt 121608 ctalladslFhel SEH Estrnale 3 12/16/2008 ) "- THIS PAGE INTENTIONALLY LEFT BLANK 2C1 Property Info: Asking Price: $1,195,000.00 Square Footage:2,395,800 55+/-acres,Bank Owned i A% ._.., 41'x' 1I Ji ./.„)) /// ��,111, p 1 • lit no � ' A t ,� •t a " Ars I " 111 i Y jet.t• Adjacent to current industrial park • Preliminary plat"Parkway Business Center"completed and approved • Bulk sale or will split • City water,sewer and other utilities available at the site • Mixed commercial/industrial uses allowed • Call today for further details Price:$1,195,000 � 7 THIS PAGE INTENTIONALLY LEFT BLANK