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-7/9ll3 wee/,`- Granite Shores Permanent Sign Application Background of Granite Shores On April 30, 2012,Jim Soderberg, president of Soderberg Apartment Specialists of Brooklyn Center, closed on the purchase of Granite Shores. Granite Shores is a four story mixed use building in downtown Elk River which has over 10,000 square feet of commercial space on the first floor, and 67 residential apartment units which encompass the top three fours of the building.These luxury apartments are complete with granite counters with oversized slabs, stainless steel appliances, stylish track lighting, washer and dryer in unit, heated underground parking and much more. Formally known as The Bluffs, this project went through foreclosure in 2006 and was acquired by MinnWest Bank. Only a handful of the 67 apartments units were completed, and for the most part,the building sat empty for several years until it was purchased by Soderberg Apartment Specialists. Since the purchase, all the apartment units have been completed, and Soderberg has been aggressive in his attempt to fill the commercial space. The residential portion of the building is 100%occupied. Soderberg Apartment Specialists is an active member in the Downtown River's Edge Business Association, not only supporting local businesses and community events, but worked with the Elk River Area Arts Alliance to find them a permanent home in Granite Shores. The community room in Granite Shores is often utilized (free of charge) by community organizations, included, but not limited to the Downtown River's Edge Business Association and Elk River Area Chamber of Commerce. Since their arrival in Elk River, Soderberg Apartment Specialists have quickly become active in the downtown and greater Elk River community, continuing to lend time and capital to projects which benefit downtown businesses and the community at large. Purpose of Sign Being located in close proximity and US HWY 10, Soderberg is proposing to construct an electronic message board free standing sign in downtown Elk River to not only advertise his commercial space, but to draw attention to beautiful downtown Elk River. Once constructed, Soderberg will donate up to 20%of the sign to be used to advertise downtown community events.These events include, but are not limited to: • Thursday concerts in River's Edge Commons, sponsored by The Bank of Elk River • All Elk River Parks & Recreation events (Chalk-it-Up, Kidstock, Movies in the Park) • Farmer's Market, sponsored by The Bank of Elk River • Elk River Area Arts Alliance ArtSoup event • Elk River Area Arts Alliance Annual Art Crawl • Downtown River's Edge Sidewalk Sales • Downtown River's Edge Santa in the Park • Downtown River's Edge Trick-or-Treat in the Park • Downtown River's Edge Pumpkin Roll Page 1