Laserfiche WebLink
Request for Action <br />To <br />Item Number <br />Mayor and Ci T Council <br />4.6 <br />Agenda Section <br />Meeting Date <br />Prepared by <br />Consent <br />October 5, 2020 <br />Amanda Othoudt, EDD <br />Item Description <br />Reviewed by <br />Amendment to the Preliminary Development <br />Cal Portner, City Administrator <br />Agreement with Modern Construction of <br />Reviewed by <br />Minnesota, Inc. <br />Action Requested <br />Approve, by motion, an amendment to the Preliminary Development Agreement with Modern Construction of <br />Minnesota, Inc. <br />Background/Discussion <br />On October 7, 2019, the HRA and the Council entered into a preliminary development agreement with Modern <br />Construction. The agreement allows the developer to explore the idea of a multi -family, mixed -use development <br />concept in downtown Elk River. <br />At their September 21, 2020, meeting, the City Council approved Jesse Hartung's request for an extension of his <br />agreement with the city to allow him time to further develop his plans for downtown redevelopment. A joint <br />meeting with the HRA and the Council will be scheduled on January 4, 2021. <br />Financial Impact <br />N/A <br />Mission/Policy/Goal <br />Mississippi Connections Plan — Mid-term goals: City partnering with property owners and the development <br />community to implement redevelopment projects that meet the community vision. Continue to assist in the <br />recruitment of highly desirable businesses to the core downtown (e.g. hotel, fine dining, banquet facility). <br />Mississippi Connections Plan — On -going goals: Based on demand, work with property owners and development <br />community on redevelopment proposals. <br />Attachments <br />■ Executed Preliminary Development Agreement <br />■ First and Second Amendment to Preliminary Development Agreement <br />■ Third Amendment to the Preliminary Development Agreement <br />The Elk River Vision <br />A welcoming community with revolutionary and spirited resourcefulness, exceptional <br />service, and community engagement that encourages and inspires pi ospei ly. <br />M <br />TUREJ <br />Updated.• August 2020 <br />