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EXTRACT OF MINUTES OF MEETING <br />OF THE CITY COUNCIL OF THE <br />CITY OF ELK RIVER, MLNNT'S0T,,N,- <br />HELD: October 6. ?008 <br />.0 <br />Pursuant to due call and notice thereof a meeting of the City Council of the City of E11s <br />% pq <br />R <br />iver, Sherburne County, Mzuzesota, {the City ") was duly called and held at the City Hall zrz <br />said Cary on Monday, the 6th day of October, 2008; at 6;3Q O'Clock p.m. <br />The fo 11 owi'na members were present: A X ay or Mo t C ounci*' emb ers Z e as, <br />GumP1ir*4-.-.x-y, and Farber <br />and the followi'na. <br />4W <br />were absent: Mayor KI z g <br />Member Farber <br />introduced the followina resolution and moved its adoption,, <br />RESOLUTION NO. 08- 77 <br />AUTHQRIZING RENTAL OF CERTEr J, N' <br />U` TITS R BLUFF BLOCK DEVELOPk[EN <br />T <br />A*. WUEPEAS. tlie City and MetroPlains Development, LLC, a Minnesot a I iz�ited <br />liability company (the -`Developer ") have entered z an :mended and Restated Development <br />AQreement.. d ated as of F 2006 (tjae "Deveiopment Aareement''} iz� connection vvitl� <br />the construction of a multifamily multifamily housincr and commercial development loc ed in the City- and <br />defined as the Bluff Block. Development and the Jackson Block Development in the <br />""Develapnent Aareement ('the e Project ); and <br />B. lArHEREAS... pursuant to the Development Aareement the Developer has <br />constructed, as part of the Bluff Block Development.., approxm-iatelv 67 f units o o)Ajm-er- occupied <br />housina - toa ether wlth related arlcma facilities. (tlie "Bluff Block Housing Project "); and <br />C. N,TEREAS-,, in order to accommodate individuals and fanulies displaced bv a fire <br />in the Lions Parl: :kpartments buildinc in the City, the City and the Developer wish to <br />temporarily authorize leases of the uruis in the B luff B I o c k Ho us in ca, Project. <br />N THEREFORE-, BE IT RESOLVED bv the City- Council of the Cites of Ells F iver, <br />Minnesota,, as follows: <br />1. <br />N,,,oMr*1'thstand'na the provisions of the Development Agreement defmi*na, the Bluff <br />Block Housing Project as owner- occupied housing, he City Council hereby authorizes m arl: <br />et <br />rate leases of units in the Bluff Block Hous a Project to individuals and families who were <br />0 residents of the Lions Park _apartment buildznQ in the City during tl�e month of S ?00$. <br />Such leases sh al I te rmi'nat e not later than December 31.20p9. <br />'23369 4v 1 <br />