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ITS # 5 <br />City of <br />E100 ver <br />-1-0: Housing :, Redevelopment <br />Mayor &: City Council <br />FROM: Catherine Mehelich, Director of Economic Development <br />March <br />SUBJECT: consider Notification from Minnwest Bank to Lease Units at <br />The Bluffs of Ells River <br />I- _ii_ r_ <br />Correspondence fioin Minn-west Corporation re: The Bluffs of Ells River, dated <br />February 28, 2010. <br />Staff recently received the attached notification froth Milinwest Batik of their intent, as <br />owners of the property, to lease a Emited number of units at The Bluffs of Ells Diver. <br />Minnwest's Senior Vice President Richard Schroeder will be it-i attendance for the HRA <br />nieetit�ig to answer any questions. <br />The notification has been reviewed by the HRA's development attorney Jenny Boulton at <br />Kennedy & Graven. Ms. Boulton has advised that it is not necessary for the HRA or City <br />Council to act on the notification. Ms. Boulton will be in attendance for the HRA ineeti.ng if <br />there are questions. <br />