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EOty1� ,.,�� Request for Action <br /> River <br /> To Item Number <br /> Mayor and City Council 9.3 <br /> Agenda Section Meeting Date Prepared by <br /> Work Session May 21, 2018 Cal Portner, City Administrator <br /> Item Description Reviewed by <br /> Chamber of Commerce Building <br /> Reviewed by <br /> Action Requested <br /> Provide direction to staff and the Elk River Area Chamber of Commerce. <br /> Background/Discussion <br /> The Elk River Area Chamber of Commerce had a lease with the City of Elk River for the property the <br /> currently inhabit. They chose not to renew the lease with the intent of moving to a new location. <br /> The existing building and property is owned by the city and leased for a nominal annual amount. The <br /> lease requires the Chamber to maintain ongoing maintenance and repairs. A number of the building's <br /> systems are age-worn to the end of their lifespan such as HVAC,roofing,windows, etc. <br /> The building was originally a residential home and office functionality is severely limited. <br /> Utilizing their business resources, the Chamber Board was able to get current pricing to make needed <br /> repairs and some minimal work area enhancements to improve office functionality. The Chamber Board <br /> is seeking the Council's interest in assisting and participating with repair financing and in selling the <br /> building to the Chamber for a nominal value while the city maintains the land ownership and a building <br /> option in a situation where future TH10 improvements would require use of the property for highway <br /> right-of-way. <br /> Financial Impact <br /> N/A <br /> Attachments <br /> ■ Chamber Building Improvements <br /> The Elk River Vision <br /> A PehoMing community 2a itb revolutionary and spirited resourcefulness, exceptional POWERED By <br /> service, and community engagement that encourages and inspires prosperity INAMIRE1 <br />