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Lake Elmo to hire broker, refresh AUAR and launch public outreach for west-side parcels
Summary
Council signaled support for hiring a commercial broker to market Parcel 1, asked staff to refresh the site AUAR (estimated $50,000–$60,000, ~180 days) and approved a community engagement schedule beginning in April with surveys, open houses and a July findings report.
The Lake Elmo City Council directed staff to move forward on market preparation for three west-side parcels, endorsing hiring a commercial broker for Parcel 1 and refreshing the site AUAR so future developers avoid environmental-review delays.
Presenter (project staff) told the council there are five scenarios for the site and that brokers typically market rail-adjacent properties to maximize value. "They could give us a good idea of what the market looks like, field all the interests on the property, try to maximize the value of the…
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