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Request for Action <br />To <br />Item Number <br />Mayor and Ci T Council <br />4.12 <br />Agenda Section <br />Meeting Date <br />Prepared by <br />Consent <br />April 19, 2021 <br />Cal Portner, City Administrator <br />Item Description <br />Reviewed by <br />Purchase Agreement Addendum First Step Due <br />Peter Beck, City Attorney <br />Diligence Extension <br />Reviewed by <br />Action Requested <br />Approve, by motion, an addendum to the purchase agreement with First Step Preschool. <br />Background/Discussion <br />First Step Preschool has entered into a purchase agreement with the City of Elk River for the purchase of the <br />Activity Center property located at 413 Proctor Ave. NW. <br />They are nearing their final loan approval and are in the process of getting city approvals of a Conditional Use <br />Permit. They are requesting to extend the purchase agreement through June 21, 2021, to ensure approval of the <br />CUP. <br />Financial Impact <br />N/A <br />Mission/Policy/Goal <br />The Elk River Mission <br />Attachments <br />• Addendum to Purchase Agreement <br />The Elk River Vision <br />A welcoming community with revolutionary and spirited resourcefulness, exceptional <br />service, and community engagement that encourages and inspires pi ospei l_ y. <br />M <br />TUREJ <br />Updated.• August 2020 <br />