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Special Meeting of the Elk River City Council <br />and the Housing and Redevelopment Authority <br />Held at Elk River City Hall <br />Monday, September 8, 2020 <br />Council Present: Mayor Dietz, Councilmembers Garrett Christianson, Matt <br />Westgaard, Nate Ovall, and Jennifer Wagner (5:50 p.m.) <br />HRA Present: Chair Larry Toth, Commissioners Michelle Eder, Jayme Swenson, <br />and Denny Chuba <br />City Staff Present: City Administrator Calvin Portner, Economic Development Director <br />Amanda Othoudt, and Planning Administrative Assistant/Recording <br />Secretary Jennifer Green <br />Others Present: Jesse Hartung, President of Modern Construction <br />. Call Meeting to Order <br />Pursuant to due call and notice thereof, the meeting was called to order at 5:46 p.m. <br />2. Modern Construction — Development Concept Proposal <br />Ms. Othoudt presented the staff report and introduced Jesse Hartung of Modern <br />Construction, who outlined a presentation called The Ecology Project, a 127-unit <br />mixed -use development project in downtown Elk River. He explained the <br />components of the project, addressing improvements to parking, street, pedestrian, <br />and trail traffic, outlining ways to support small business owners during and after the <br />proposed construction, and his proposed project timeline. He stated he is working <br />on financing partnerships and lenders who would like to support this project. He felt <br />once contractors and permits were in place, a January 2023 project completion is <br />feasible. <br />Mr. Hartung reviewed the specific amenities, buildings, building features and <br />outlined millions of dollars in public improvements proposed by private parties. <br />Amenities included: bicycle lockers, a public terrace, public restrooms, pedestrian <br />walkway, hotel, banquet hall, a retractable glass rooftop restaurant, a public lobby <br />showcasing green building construction and sustainability of buildings and include <br />information kiosks showcasing the use of solar panels, rainwater runoff treatment <br />collection that's used for irrigation, and how waste is recycled. He stated this project <br />overall would be a $40 million dollar investment and is partnering with Shawn <br />Carlson of Carnegie Commercial Lending to broker the deal. Mr. Carlson is <br />reviewing the proforma costs and plans associated and stated there would be many <br />lenders who would want to get involved into this development project. Mr. Hartung <br />outlined how he proposed the city would play in this project and proposed: <br />