RES 08-03 • EXTRACT OF MINUTES OF MEETING
OF THE BOARD OF COMMISSIONERS OF THE
HOUSING AND REDEVELOPMENT AUTHORITY OF
THE CITY OF ELK RIVER, MINNESOTA
HELD: October 6, 2008
Pursuant to due call and notice thereof, a meeting of the Board of Commissioners of the
Housing and Redevelopment Authority of the City of Elk River, Sherburne County, Minnesota,
(the "HRA") was duly called and held at the City Hall in the City of Elk River, Minnesota (the
"City") on Monday, the 6th day of October, 2008, at 5:30 o'clock p.m.
The following commissioners were present:
and the following were absent:
Commissioner /7-'� ) introduced the following resolution and moved its
adoption:
RESOLUTION NO. 08-03
RECOMMENDING AUTHORIZING RENTAL OF CERTAIN
110 UNITS IN BLUFF BLOCK DEVELOPMENT
A. WHEREAS, the City and MetroPlains Development, LLC, a Minnesota limited
liability company (the "Developer") have entered into an Amended and Restated Development
Agreement, dated as of February 28, 2006 (the "Development Agreement") in connection with
the construction of a multifamily housing and commercial development located in the City and
defined as the Bluff Block Development and the Jackson Block Development in the
Development Agreement(the "Project"); and
B. WHEREAS, pursuant to the Development Agreement the Developer has
constructed, as part of the Bluff Block Development, approximately 67 units of owner-occupied
housing,together with related parking facilities, (the "Bluff Block Housing Project"); and
C. WHEREAS, in order to accommodate individuals and families displaced by a fire
in the Lions Park Apartments building in the City, the City and the Developer propose to
temporarily authorize leases of the units in the Bluff Block Housing Project.
NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners of the
Housing and Redevelopment Authority of the City of Elk River, Minnesota, as follows:
1. Notwithstanding the provisions of the Development Agreement defining the Bluff
Block Housing Project as owner-occupied housing, the Board of Commissioners hereby
recommends that the City authorize market rate leases of units in the Bluff Block Housing
• Project to individuals and families who were residents of the Lions Park Apartment building in
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the City during the month of September, 2008. The Board of Commissioners further
•
recommends that such leases shall terminate not later than-October 3-1;2009. >)71:7)t
'
The motion for adoption of the foregoing resolution was duly seconded by Commissioner
and, after full discussion thereof, and upon a vote being taken thereof, the
following voted in favor thereof:
and the following voted against same:
Adopted this 6th day of October, 2008. f +
7t-
rry oth,Vice-Chair
Attest: `�'Cr � X� VZ-.G te, `tt
• STATE OF MINNESOTA
COUNTY OF SHERBURNE
HOUSING AND
REDEVELOPMENT AUTHORITY
OF THE CITY OF ELK RIVER
I, the undersigned, being the duly qualified and acting Secretary of the Board of
Commissioners of the Housing and Redevelopment Authority of the City of Elk River,
Minnesota, DO HEREBY CERTIFY that I have carefully compared the attached and foregoing
extract of minutes with the original minutes of a meeting of the Board of Commissioners held on
the date therein indicated, which are on file and of record in my office, and the same is a full,
true and complete transcript therefrom insofar as the same relates to a Resolution
Recommending Authorizing the Rental of Certain Units in the Bluff Block Development.
WITNESS my hand as such Secretary of the Board of Commissioners of the Housing and
• Redevelopment Authority of the City of Elk River, Minnesota this 6th day of October, 2008.
Secretary
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