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<br /> <br />Request for Action <br /> <br /> <br />To Item Number <br />Mayor and City Council 4.4 <br />Agenda Section Meeting Date Prepared by <br />Consent May 4, 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, a second 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. <br /> <br />Jesse Hartung is requesting an extension of his agreement with the city to allow him time to further <br />develop his plans for downtown redevelopment. A joint meeting with the HRA and the Council will be <br />scheduled for September 8, 2020. <br /> <br />Financial Impact <br />N/A <br /> <br />Attachments <br /> Executed Preliminary Development Agreement <br /> Second 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 />