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<br />Request for Action <br /> <br /> <br />To Item Number <br />Housing and Redevelopment Authority 4.6 <br />Agenda Section Meeting Date Prepared by <br />General Business February 3, 2020 Amanda Othoudt, ED Director <br />Item Description Reviewed by <br />Amendment to the Preliminary Development Cal Portner, City Administrator <br />Agreement with Modern Construction of <br />Reviewed by <br />Minnesota, Inc. <br /> <br /> <br />Action Requested <br />Approve, by motion, an amendment to the Preliminary Development Agreement with Modern <br />Construction of Minnesota, Inc. <br /> <br />Background/Discussion <br />At their October 4, 2019, meeting, the HRA and the Council entered into a preliminary development <br />agreement with Modern Construction. The agreement allows the developer to explore the idea of a multi- <br />family, mixed-use development concept in downtown Elk River. The HRA is listed as a party to the <br />agreement, since the HRA owns some of the property. <br /> <br />Attached is a letter from Jesse Hartung requesting an extension of his agreement with the city to allow <br />him time to further develop his plans for downtown redevelopment. A joint meeting with the HRA and <br />the Council will be scheduled for June 1, 2020. <br /> <br />Financial Impact <br />N/A <br /> <br />Attachments <br /> Letter of Request from Modern Construction of Minnesota, Inc. (January 16, 2020) <br /> Executed Preliminary Development Agreement <br /> Amendment to Preliminary Development Agreement <br /> <br /> <br />The Elk River Vision <br />A welcoming community with revolutionary and spirited resourcefulness, exceptional <br />service, and community engagement that encourages and inspires prosperity <br />