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<br /> <br />Request for Action <br /> <br /> <br /> <br /> <br />To Item Number <br />Mayor and City Council 9.3 <br />Agenda Section Meeting Date Prepared by <br />General Business January 4, 2021 Cal Portner, City Administrator <br />Item Description Reviewed by <br />Modern Construction Preliminary Development Colleen Eddy, Economic Development Specialist <br />Agreement Extension Amendment <br />Reviewed by <br />Zack Carlton, Planning Manager <br /> <br />Action Requested <br />Direct staff, by motion, to prepare an amendment to extend the current preliminary development agreement with <br />Modern Construction. <br /> <br />Background/Discussion <br />On October 7, 2019, the City Council approved the execution of a Preliminary Development Agreement with <br />Jesse Hartung, President of Modern Construction for a high density, market rate, mixed-use development <br />concept in downtown Elk River. <br /> <br />An extension was approved on February 3, 2020 to June 1, 2020. Mr. Hartung requested another extension to <br />September 8, 2020, which was acted on May 4, 2020. The Council and HRA received a presentation from Mr. <br />Hartung on September 8 in a joint meeting. <br /> <br />At their October 5, 2020, meeting, the Council approved an extension to January 4, 2021, at which time another <br />joint meeting with the HRA was to be scheduled. On December 21, Mr. Hartung provided a letter with updates <br />on his progress and asked for an additional six-month extension <br /> <br />Financial Impact <br />N/A <br /> <br />Mission/Policy/Goal <br /> The Elk River Vision is a welcoming community with revolutionary and spirited resourcefulness, exceptional <br />service, and community engagement that encourages and inspires prosperity. <br /> <br />Attachments <br /> Modern Construction Update and Extension Request Letter <br /> October 7, 2019, Staff Report <br /> February 3, 2020, Staff Report <br /> May 4, 2020, Staff Report <br /> September 8, 2020, Staff Report <br /> September 21, 2020, Staff Report <br /> October 5, 2020, Staff Report <br /> <br />The Elk River Vision <br />A welcoming community with revolutionary and spirited resourcefulness, exceptional <br /> <br />service, and community engagement that encourages and inspires prosperity. <br /> Updated: August 2020 <br />