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HRA Meeting Minutes February 2,2004 Page 4 Tammy Weeks, (business owner of The Jungle),stated that she would like her business to • be considered for buyout and/or relocation before construction of the Jackson Block begins. Ms.Mehelich stated that these considerations are being negotiated and will be worked out prior to approval of the final Development Agreement. Lance Lindberg, (local businessman),asked what is the net number of parking stalls,when considering how many parking stalls there are existing in the Bluff Block area,and how many there will be when the project is completed. Ms.Mehelich stated that she did not recall the exact number for the Bluff Block,but that the information was presented at the August 2003 meeting and that Mr.Lindberg could contact her for the report. Richard Hinrich, (owner of The Jungle building),asked if staff was participating in the negotiations with MetroPlains. Ms.Mehelich stated yes. Mr.Hinrich stated that it appears there is a stalemate between the City and the developer as to whether the Bluff Block will be included. Ms.Mehelich stated that negotiations will continue and that the City needs assurances that both project will move forward. She noted that this takes time and therefore,the extension is needed. Commissioner Motin stated that he would anticipate that the terms of the agreement would be completed by March 1st and that the remaining time is needed to work out the final language. He stated that it is the HRA's position that both projects move forward or there will be no project. He stated that the process is taking so long because there are so many issues and they are attempting to accommodate so many people. • 7. Adjournment MOTION BY COMMISSIONER THOMPSON AND SECONDED BY COMMISSIONER LIESER TO ADJOURN THE MEETING. MOTION CARRIED 4-0. The meeting of the Elk River Housing and Redevelopment Authority adjourned at 6:00 p.m. Debbie Huebner Recording Secretary •