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4.7 SR 06-20-2023�, Elk s �- River Request for Action To Item Number Ma Tor and CinT Council 4.7 Agenda Section Meeting Date Prepared by Consent A enda une 20, 2023 Zack Carlton, Communittr Develo ment DirectoY Item Description Reviewed by One Year Extension of Approvals for Broadway on Cal Pormer, Ci r Administrator 10 ApaYtment PYoject Reviewed by Action Requested Approve, by motion, a one-yeaY extension of the Plat and Conditional Use PeYmit approvals associated with the BroadwayT on 10 development. Background/Discussion On JulyT 6, 2021, the City Council approved the preliminary plat and Planned Unit Development for the Broad`vayT on 10 development projects. The approval is good for two yreaYs from the date of the Council action. Due to the market conditions since the original approval, the developer has submitted a written request for a one-year extension to begin the project. The CityT Council has traditionallyT granted similar extension requests and allows the developer to move forward with their project under the original approved conditions and standards. The developer would now have until JulyT 6, 2024, to begin their project. Financial Impact None Mission/Policy/Goal Support the gro�uth and development of the communityT. Attachments ■ Applicant's Extension Request The Elk River Vision A 2a�elcolning co�nlnunity 2a�ith T evolutiona� y and spizzted T esou� cefulness, exceptional se�vice, and coln�nunity engagelnent that encou�ages and ins�iz•es pTo�pe�zty. rowEREo ar �I'1 ���� Update�l• January 2023 Carlton, Zachary From: David Lundy Sent: Tuesday, June 6, 2023 824 AM To: Carlton, Zachary Cc: Erik Winegarden Subject: Elk River apartment project Good morning Zach, I would like to request an extension on the approval of our Elk River apartment project. Please let me know what I can provide you to assist. Thanks, Dave